GARIX vs. JAKVX

Last updated Aug 1, 2026

GARIX (Gotham Absolute Return Fund) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both Long-Short funds. Over the past year, GARIX returned 20.06% vs 23.14% for JAKVX. Their 0.42 correlation means their historical movements had little consistent relationship. GARIX charges 1.50%/yr vs 1.54%/yr for JAKVX.

Performance

GARIX vs. JAKVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Absolute Return Fund (GARIX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GARIX achieves a 11.32% return, which is significantly lower than JAKVX's 12.74% return.

GARIX

• 1D: 1.19%
• 1M: 1.70%
• 6M: 9.43%
• YTD: 11.32%
• 1Y: 20.06%
• 3Y*: 17.55%
• 5Y*: 13.80%
• 10Y*: 9.65%
• ALL TIME*: 9.41%

JAKVX

• 1D: 0.89%
• 1M: 1.74%
• 6M: 6.96%
• YTD: 12.74%
• 1Y: 23.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GARIX Gotham Absolute Return Fund	$0.00	$0.00	$0.00
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	$0.00	$0.00	$0.00

GARIX vs. JAKVX - Yearly Performance Comparison

	2026 (YTD)	2025
GARIX Gotham Absolute Return Fund	11.32%	17.42%
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	12.74%	17.29%

Correlation

The correlation between GARIX and JAKVX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.42

Return for Risk

GARIX vs. JAKVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GARIX

GARIX Risk / Return Rank: 89
GARIX Sharpe Ratio Rank: 87
GARIX Sortino Ratio Rank: 85
GARIX Omega Ratio Rank: 81
GARIX Calmar Ratio Rank: 97
GARIX Martin Ratio Rank: 97

JAKVX

JAKVX Risk / Return Rank: 94
JAKVX Sharpe Ratio Rank: 97
JAKVX Sortino Ratio Rank: 95
JAKVX Omega Ratio Rank: 93
JAKVX Calmar Ratio Rank: 95
JAKVX Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GARIX vs. JAKVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GARIX	JAKVX	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.78	-0.63
Sortino ratio: Return per unit of downside risk	3.03	3.93	-0.90
Omega ratio: Gain probability vs. loss probability	1.37	1.54	-0.17
Calmar ratio: Return relative to maximum drawdown	4.92	4.27	+0.65
Martin ratio: Return relative to average drawdown	18.05	12.85	+5.20

GARIX vs. JAKVX - Sharpe Ratio Comparison

The current GARIX Sharpe Ratio is 2.15, which is comparable to the JAKVX Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of GARIX and JAKVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GARIX vs. JAKVX - Drawdown Comparison

The maximum GARIX drawdown since its inception was -26.49%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for GARIX and JAKVX.

Drawdown Indicators

	GARIX	JAKVX	Difference
Max Drawdown Largest peak-to-trough decline	-26.49%	-5.16%	-21.33%
Max Drawdown (1Y) Largest decline over 1 year	-3.85%	-5.16%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	-23.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.49%	—	—
Current Drawdown Current decline from peak	-0.42%	-1.14%	+0.72%
Average Drawdown Average peak-to-trough decline	-4.48%	-0.99%	-3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	1.71%	-0.66%

Volatility

GARIX vs. JAKVX - Volatility Comparison

Gotham Absolute Return Fund (GARIX) has a higher volatility of 2.50% compared to John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) at 1.85%. This indicates that GARIX's price experiences larger fluctuations and is considered to be riskier than JAKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GARIX	JAKVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.50%	1.85%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	7.04%	6.37%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	7.92%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	7.48%	+7.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.91%	7.48%	+6.43%

GARIX vs. JAKVX - Expense Ratio Comparison

GARIX has a 1.50% expense ratio, which is lower than JAKVX's 1.54% expense ratio.

Dividends

GARIX vs. JAKVX - Dividend Comparison

GARIX's dividend yield for the trailing twelve months is around 6.45%, less than JAKVX's 7.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GARIX Gotham Absolute Return Fund	6.45%	7.18%	18.74%	5.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.36%
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	7.52%	8.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GARIX and JAKVX in my portfolio?

GARIX and JAKVX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GARIX or JAKVX?

GARIX has higher volatility (2.50%) compared to JAKVX (1.85%). In terms of maximum drawdown, GARIX dropped -26.49% vs JAKVX's -5.16%.

Which has better risk-adjusted returns?

JAKVX currently has the higher Sharpe Ratio (2.78 vs 2.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.