GOLY vs. JAKVX
GOLY (Strategy Shares Gold-Hedged Bond ETF) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both funds - GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index, while JAKVX is a Long-Short fund actively managed by John Hancock. GOLY is passively managed, while JAKVX is actively managed. Over the past year, GOLY returned -9.26% vs 20.81% for JAKVX. At a 0.41 correlation, their price movements are largely independent. GOLY charges 0.79%/yr vs 1.54%/yr for JAKVX.
Performance
GOLY vs. JAKVX - Performance Comparison
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Returns By Period
In the year-to-date period, GOLY achieves a -27.49% return, which is significantly lower than JAKVX's 11.44% return.
GOLY
- 1D
- 0.08%
- 1M
- -6.66%
- 6M
- -31.57%
- YTD
- -27.49%
- 1Y
- -9.26%
- 3Y*
- 12.88%
- 5Y*
- 4.05%
- 10Y*
- —
JAKVX
- 1D
- 0.06%
- 1M
- 0.56%
- 6M
- 9.13%
- YTD
- 11.44%
- 1Y
- 20.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOLY vs. JAKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | -27.49% | 28.99% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 11.44% | 17.29% |
Correlation
The correlation between GOLY and JAKVX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.41 |
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Return for Risk
GOLY vs. JAKVX — Risk / Return Rank
GOLY
JAKVX
GOLY vs. JAKVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) 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.
| GOLY | JAKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.91 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.50 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 4.05 | -4.30 |
| Martin ratioReturn relative to average drawdown | -0.52 | 11.98 | -12.51 |
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Drawdowns
GOLY vs. JAKVX - Drawdown Comparison
The maximum GOLY drawdown since its inception was -37.48%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for GOLY and JAKVX.
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Drawdown Indicators
| GOLY | JAKVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.48% | -5.16% | -32.32% |
Max Drawdown (1Y)Largest decline over 1 year | -37.48% | -5.16% | -32.32% |
Max Drawdown (3Y)Largest decline over 3 years | -37.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.48% | — | — |
Current DrawdownCurrent decline from peak | -37.43% | -2.29% | -35.14% |
Average DrawdownAverage peak-to-trough decline | -12.38% | -0.97% | -11.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.67% | 1.74% | +15.93% |
Volatility
GOLY vs. JAKVX - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 6.79% compared to John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) at 2.34%. This indicates that GOLY'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.
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Volatility by Period
| GOLY | JAKVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 2.34% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 30.29% | 6.47% | +23.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.92% | 7.93% | +25.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.69% | 7.53% | +15.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.43% | 7.53% | +14.90% |
GOLY vs. JAKVX - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is lower than JAKVX's 1.54% expense ratio.
Dividends
GOLY vs. JAKVX - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.53%, more than JAKVX's 7.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.53% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.60% | 8.47% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOLY and JAKVX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (6.79%) compared to JAKVX (2.34%). In terms of maximum drawdown, GOLY dropped -37.48% vs JAKVX's -5.16%.
JAKVX currently has the higher Sharpe Ratio (2.64 vs -0.27), 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.
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