GAAVX vs. JAAAX
Compare and contrast key facts about GMO Alternative Allocation Fund (GAAVX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
GAAVX is managed by GMO. It was launched on May 1, 2019. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Performance
GAAVX vs. JAAAX - Performance Comparison
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GAAVX vs. JAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GAAVX GMO Alternative Allocation Fund | 3.33% | 15.19% | -5.70% | 6.07% | 3.63% | -5.12% | -0.28% | 3.49% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.52% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 4.68% |
Returns By Period
In the year-to-date period, GAAVX achieves a 3.33% return, which is significantly higher than JAAAX's 2.52% return.
GAAVX
- 1D
- 0.00%
- 1M
- -0.37%
- YTD
- 3.33%
- 6M
- 10.87%
- 1Y
- 13.78%
- 3Y*
- 5.94%
- 5Y*
- 3.63%
- 10Y*
- —
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%
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GAAVX vs. JAAAX - Expense Ratio Comparison
GAAVX has a 0.61% expense ratio, which is lower than JAAAX's 0.72% expense ratio.
Return for Risk
GAAVX vs. JAAAX — Risk / Return Rank
GAAVX
JAAAX
GAAVX vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Alternative Allocation Fund (GAAVX) 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.
| GAAVX | JAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | 1.75 | +0.20 |
Sortino ratioReturn per unit of downside risk | 3.08 | 2.35 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.88 | +1.91 |
Martin ratioReturn relative to average drawdown | 9.05 | 9.41 | -0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GAAVX | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 1.75 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.98 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.84 | -0.37 |
Correlation
The correlation between GAAVX and JAAAX is 0.31, 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
GAAVX vs. JAAAX - Dividend Comparison
GAAVX's dividend yield for the trailing twelve months is around 8.49%, more than JAAAX's 1.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAAVX GMO Alternative Allocation Fund | 8.49% | 8.78% | 0.00% | 5.18% | 0.91% | 4.10% | 2.41% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% |
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
GAAVX vs. JAAAX - Drawdown Comparison
The maximum GAAVX drawdown since its inception was -9.59%, smaller than the maximum JAAAX drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for GAAVX and JAAAX.
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Drawdown Indicators
| GAAVX | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.59% | -15.72% | +6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -4.43% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -9.59% | -6.28% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.64% | — |
Current DrawdownCurrent decline from peak | -1.20% | -1.61% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -2.06% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 0.88% | +0.66% |
Volatility
GAAVX vs. JAAAX - Volatility Comparison
GMO Alternative Allocation Fund (GAAVX) has a higher volatility of 1.85% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 1.16%. This indicates that GAAVX'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.
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Volatility by Period
| GAAVX | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.16% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 4.81% | 2.74% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.82% | 4.73% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 4.22% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 4.38% | +1.49% |