FLOT vs. JAAAX
Compare and contrast key facts about iShares Floating Rate Bond ETF (FLOT) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Performance
FLOT vs. JAAAX - Performance Comparison
Loading graphics...
FLOT vs. JAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 0.74% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.52% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -4.09% | 6.10% |
Returns By Period
In the year-to-date period, FLOT achieves a 0.74% return, which is significantly lower than JAAAX's 2.52% return. Over the past 10 years, FLOT has underperformed JAAAX with an annualized return of 2.97%, while JAAAX has yielded a comparatively higher 4.05% annualized return.
FLOT
- 1D
- -0.10%
- 1M
- 0.10%
- YTD
- 0.74%
- 6M
- 1.86%
- 1Y
- 4.44%
- 3Y*
- 5.87%
- 5Y*
- 4.01%
- 10Y*
- 2.97%
JAAAX
- 1D
- 0.41%
- 1M
- -1.56%
- YTD
- 2.52%
- 6M
- 3.59%
- 1Y
- 8.05%
- 3Y*
- 6.41%
- 5Y*
- 4.12%
- 10Y*
- 4.05%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLOT vs. JAAAX - Expense Ratio Comparison
FLOT has a 0.20% expense ratio, which is lower than JAAAX's 0.72% expense ratio.
Return for Risk
FLOT vs. JAAAX — Risk / Return Rank
FLOT
JAAAX
FLOT vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) 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.
| FLOT | JAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 1.75 | +0.35 |
Sortino ratioReturn per unit of downside risk | 2.64 | 2.35 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.95 | 1.39 | +0.56 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.88 | +1.00 |
Martin ratioReturn relative to average drawdown | 22.41 | 9.41 | +13.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FLOT | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.75 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.27 | 0.98 | +1.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.93 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.84 | -0.20 |
Correlation
The correlation between FLOT and JAAAX is 0.14, 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.
Dividends
FLOT vs. JAAAX - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.68%, more than JAAAX's 1.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.68% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.49% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
Drawdowns
FLOT vs. JAAAX - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, smaller than the maximum JAAAX drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for FLOT and JAAAX.
Loading graphics...
Drawdown Indicators
| FLOT | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -15.72% | +2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.57% | -4.43% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -6.28% | +3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | -12.64% | -0.90% |
Current DrawdownCurrent decline from peak | -0.16% | -1.61% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -2.06% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.88% | -0.68% |
Volatility
FLOT vs. JAAAX - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.50%, while John Hancock Funds Alternative Asset Allocation Fund (JAAAX) has a volatility of 1.16%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky than JAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FLOT | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 1.16% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 2.74% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 4.73% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 4.22% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 4.38% | -0.23% |