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CLOI vs. JAAAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CLOI and JAAAX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.1

Performance

CLOI vs. JAAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck CLO ETF (CLOI) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX). The values are adjusted to include any dividend payments, if applicable.

10.00%12.00%14.00%16.00%18.00%20.00%22.00%NovemberDecember2025FebruaryMarchApril
22.09%
12.42%
CLOI
JAAAX

Key characteristics

Sharpe Ratio

CLOI:

1.50

JAAAX:

0.63

Sortino Ratio

CLOI:

1.87

JAAAX:

0.86

Omega Ratio

CLOI:

1.65

JAAAX:

1.13

Calmar Ratio

CLOI:

1.89

JAAAX:

0.56

Martin Ratio

CLOI:

15.33

JAAAX:

2.62

Ulcer Index

CLOI:

0.40%

JAAAX:

1.22%

Daily Std Dev

CLOI:

4.10%

JAAAX:

5.06%

Max Drawdown

CLOI:

-3.25%

JAAAX:

-12.09%

Current Drawdown

CLOI:

-0.72%

JAAAX:

-2.89%

Returns By Period

In the year-to-date period, CLOI achieves a 0.89% return, which is significantly higher than JAAAX's -0.75% return.


CLOI

YTD

0.89%

1M

0.08%

6M

2.16%

1Y

6.22%

5Y*

N/A

10Y*

N/A

JAAAX

YTD

-0.75%

1M

-1.93%

6M

-0.73%

1Y

3.32%

5Y*

4.61%

10Y*

2.68%

*Annualized

Compare stocks, funds, or ETFs

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CLOI vs. JAAAX - Expense Ratio Comparison

CLOI has a 0.40% expense ratio, which is lower than JAAAX's 0.72% expense ratio.


Expense ratio chart for JAAAX: current value is 0.72%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
JAAAX: 0.72%
Expense ratio chart for CLOI: current value is 0.40%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CLOI: 0.40%

Risk-Adjusted Performance

CLOI vs. JAAAX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLOI
The Risk-Adjusted Performance Rank of CLOI is 9292
Overall Rank
The Sharpe Ratio Rank of CLOI is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of CLOI is 8787
Sortino Ratio Rank
The Omega Ratio Rank of CLOI is 9797
Omega Ratio Rank
The Calmar Ratio Rank of CLOI is 9393
Calmar Ratio Rank
The Martin Ratio Rank of CLOI is 9696
Martin Ratio Rank

JAAAX
The Risk-Adjusted Performance Rank of JAAAX is 6464
Overall Rank
The Sharpe Ratio Rank of JAAAX is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of JAAAX is 5858
Sortino Ratio Rank
The Omega Ratio Rank of JAAAX is 6262
Omega Ratio Rank
The Calmar Ratio Rank of JAAAX is 6969
Calmar Ratio Rank
The Martin Ratio Rank of JAAAX is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CLOI vs. JAAAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck CLO ETF (CLOI) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for CLOI, currently valued at 1.50, compared to the broader market-1.000.001.002.003.004.00
CLOI: 1.50
JAAAX: 0.63
The chart of Sortino ratio for CLOI, currently valued at 1.87, compared to the broader market-2.000.002.004.006.008.00
CLOI: 1.87
JAAAX: 0.86
The chart of Omega ratio for CLOI, currently valued at 1.65, compared to the broader market0.501.001.502.002.50
CLOI: 1.65
JAAAX: 1.13
The chart of Calmar ratio for CLOI, currently valued at 1.89, compared to the broader market0.002.004.006.008.0010.0012.00
CLOI: 1.89
JAAAX: 0.56
The chart of Martin ratio for CLOI, currently valued at 15.33, compared to the broader market0.0020.0040.0060.00
CLOI: 15.33
JAAAX: 2.62

The current CLOI Sharpe Ratio is 1.50, which is higher than the JAAAX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of CLOI and JAAAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.002.004.006.00NovemberDecember2025FebruaryMarchApril
1.50
0.63
CLOI
JAAAX

Dividends

CLOI vs. JAAAX - Dividend Comparison

CLOI's dividend yield for the trailing twelve months is around 6.45%, more than JAAAX's 1.17% yield.


TTM20242023202220212020201920182017201620152014
CLOI
VanEck CLO ETF
6.45%6.71%5.62%2.23%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
JAAAX
John Hancock Funds Alternative Asset Allocation Fund
1.17%1.16%1.72%3.02%1.72%0.74%3.38%1.99%1.23%0.77%2.78%2.00%

Drawdowns

CLOI vs. JAAAX - Drawdown Comparison

The maximum CLOI drawdown since its inception was -3.25%, smaller than the maximum JAAAX drawdown of -12.09%. Use the drawdown chart below to compare losses from any high point for CLOI and JAAAX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-0.72%
-2.89%
CLOI
JAAAX

Volatility

CLOI vs. JAAAX - Volatility Comparison

VanEck CLO ETF (CLOI) has a higher volatility of 4.05% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 3.56%. This indicates that CLOI's price experiences larger fluctuations and is considered to be riskier than JAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
4.05%
3.56%
CLOI
JAAAX