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.
Performance
ICVT vs. JAAAX - Performance Comparison
Loading graphics...
ICVT vs. JAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 3.58% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 16.38% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.10% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -4.09% | 6.10% |
Returns By Period
In the year-to-date period, ICVT achieves a 3.58% return, which is significantly higher than JAAAX's 2.10% return. Over the past 10 years, ICVT has outperformed JAAAX with an annualized return of 12.24%, while JAAAX has yielded a comparatively lower 4.00% annualized return.
ICVT
- 1D
- 2.66%
- 1M
- -2.73%
- YTD
- 3.58%
- 6M
- 2.56%
- 1Y
- 23.90%
- 3Y*
- 14.18%
- 5Y*
- 3.55%
- 10Y*
- 12.24%
JAAAX
- 1D
- -0.06%
- 1M
- -2.02%
- YTD
- 2.10%
- 6M
- 3.22%
- 1Y
- 7.80%
- 3Y*
- 6.27%
- 5Y*
- 4.12%
- 10Y*
- 4.00%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ICVT vs. JAAAX - Expense Ratio Comparison
ICVT has a 0.20% expense ratio, which is lower than JAAAX's 0.72% expense ratio.
Return for Risk
ICVT vs. JAAAX — Risk / Return Rank
ICVT
JAAAX
ICVT vs. JAAAX - Risk-Adjusted Trends 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.
| ICVT | JAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.68 | +0.04 |
Sortino ratioReturn per unit of downside risk | 2.33 | 2.25 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 1.67 | +1.43 |
Martin ratioReturn relative to average drawdown | 10.57 | 8.43 | +2.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ICVT | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.68 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.98 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.92 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.84 | -0.17 |
Correlation
The correlation between ICVT and JAAAX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ICVT vs. JAAAX - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 1.62%, more than JAAAX's 1.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 1.62% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.50% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
Drawdowns
ICVT vs. JAAAX - Drawdown Comparison
The maximum ICVT drawdown since its inception was -33.25%, which is greater than JAAAX's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for ICVT and JAAAX.
Loading graphics...
Drawdown Indicators
| ICVT | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | -15.72% | -17.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -4.43% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -29.95% | -6.28% | -23.67% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -12.64% | -20.61% |
Current DrawdownCurrent decline from peak | -3.67% | -2.02% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -2.06% | -7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 0.88% | +1.33% |
Volatility
ICVT vs. JAAAX - Volatility Comparison
iShares Convertible Bond ETF (ICVT) has a higher volatility of 6.74% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 1.04%. 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.
Loading graphics...
Volatility by Period
| ICVT | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 1.04% | +5.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 2.72% | +8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.02% | 4.72% | +9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 4.21% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 4.37% | +11.17% |