GTAPX vs. JAKVX
GTAPX (Quantitative U.S. Long/Short Equity Portfolio) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both Long-Short funds. Over the past year, GTAPX returned 14.07% vs 20.32% for JAKVX. At a 0.19 correlation, their price movements are largely independent. GTAPX charges 1.25%/yr vs 1.54%/yr for JAKVX.
Performance
GTAPX vs. JAKVX - Performance Comparison
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Returns By Period
In the year-to-date period, GTAPX achieves a 4.89% return, which is significantly lower than JAKVX's 9.88% return.
GTAPX
- 1D
- 0.67%
- 1M
- -0.15%
- YTD
- 4.89%
- 6M
- 4.32%
- 1Y
- 14.07%
- 3Y*
- 11.22%
- 5Y*
- 9.27%
- 10Y*
- 5.85%
JAKVX
- 1D
- 0.23%
- 1M
- -2.10%
- YTD
- 9.88%
- 6M
- 10.16%
- 1Y
- 20.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GTAPX vs. JAKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTAPX Quantitative U.S. Long/Short Equity Portfolio | 4.89% | 12.34% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 9.88% | 17.29% |
Correlation
The correlation between GTAPX and JAKVX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.19 |
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Return for Risk
GTAPX vs. JAKVX — Risk / Return Rank
GTAPX
JAKVX
GTAPX vs. JAKVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantitative U.S. Long/Short Equity Portfolio (GTAPX) 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.
| GTAPX | JAKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.51 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | 3.96 | +0.90 |
| Martin ratioReturn relative to average drawdown | 14.86 | 13.15 | +1.71 |
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Drawdowns
GTAPX vs. JAKVX - Drawdown Comparison
The maximum GTAPX drawdown since its inception was -30.40%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for GTAPX and JAKVX.
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Drawdown Indicators
| GTAPX | JAKVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.40% | -5.16% | -25.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -5.16% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -12.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | — | — |
Current DrawdownCurrent decline from peak | -1.17% | -3.65% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -0.85% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.55% | -0.57% |
Volatility
GTAPX vs. JAKVX - Volatility Comparison
The current volatility for Quantitative U.S. Long/Short Equity Portfolio (GTAPX) is 2.19%, while John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) has a volatility of 2.82%. This indicates that GTAPX experiences smaller price fluctuations and is considered to be less risky 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
| GTAPX | JAKVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 2.82% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 6.32% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.86% | 7.79% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.88% | 7.55% | +3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.24% | 7.55% | +2.69% |
GTAPX vs. JAKVX - Expense Ratio Comparison
GTAPX has a 1.25% expense ratio, which is lower than JAKVX's 1.54% expense ratio.
Dividends
GTAPX vs. JAKVX - Dividend Comparison
GTAPX's dividend yield for the trailing twelve months is around 15.81%, more than JAKVX's 7.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GTAPX Quantitative U.S. Long/Short Equity Portfolio | 15.81% | 16.63% | 11.79% | 11.23% | 0.00% | 0.00% | 0.00% | 0.96% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.71% | 8.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GTAPX and JAKVX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JAKVX has higher volatility (2.82%) compared to GTAPX (2.19%). In terms of maximum drawdown, GTAPX dropped -30.40% vs JAKVX's -5.16%.
JAKVX currently has the higher Sharpe Ratio (2.63 vs 2.13), 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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