ICVT vs. JAAAX
Compare and contrast key facts about iShares Convertible Bond ETF (ICVT) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICVT or JAAAX.
Correlation
The correlation between ICVT and JAAAX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ICVT vs. JAAAX - Performance Comparison
Key characteristics
ICVT:
1.06
JAAAX:
0.63
ICVT:
1.52
JAAAX:
0.86
ICVT:
1.19
JAAAX:
1.13
ICVT:
0.43
JAAAX:
0.56
ICVT:
3.75
JAAAX:
2.62
ICVT:
3.06%
JAAAX:
1.22%
ICVT:
10.84%
JAAAX:
5.06%
ICVT:
-37.27%
JAAAX:
-12.09%
ICVT:
-17.49%
JAAAX:
-2.89%
Returns By Period
In the year-to-date period, ICVT achieves a -0.39% return, which is significantly higher than JAAAX's -0.75% return.
ICVT
-0.39%
-1.00%
0.97%
11.83%
8.88%
N/A
JAAAX
-0.75%
-1.93%
-0.73%
3.32%
4.61%
2.68%
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ICVT vs. JAAAX - Expense Ratio Comparison
ICVT has a 0.20% expense ratio, which is lower than JAAAX's 0.72% expense ratio.
Risk-Adjusted Performance
ICVT vs. JAAAX — Risk-Adjusted Performance Rank
ICVT
JAAAX
ICVT vs. JAAAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) 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.
Dividends
ICVT vs. JAAAX - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 2.27%, more than JAAAX's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 2.27% | 2.19% | 1.85% | 1.93% | 1.14% | 1.13% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% | 0.00% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.17% | 1.16% | 1.72% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% | 2.00% |
Drawdowns
ICVT vs. JAAAX - Drawdown Comparison
The maximum ICVT drawdown since its inception was -37.27%, which is greater than JAAAX's maximum drawdown of -12.09%. Use the drawdown chart below to compare losses from any high point for ICVT and JAAAX. For additional features, visit the drawdowns tool.
Volatility
ICVT vs. JAAAX - Volatility Comparison
iShares Convertible Bond ETF (ICVT) has a higher volatility of 6.10% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 3.56%. This indicates that ICVT'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.