IDVY.AS vs. JAAAX
IDVY.AS (iShares Euro Dividend UCITS ETF) and JAAAX (John Hancock Funds Alternative Asset Allocation Fund) are both funds - IDVY.AS is a Europe Equities fund tracking the MSCI EMU NR EUR, while JAAAX is a Multistrategy fund managed by John Hancock. Over the past 10 years, IDVY.AS returned 7.33%/yr vs 4.01%/yr for JAAAX. At a 0.18 correlation, their price movements are largely independent. IDVY.AS charges 0.40%/yr vs 0.72%/yr for JAAAX.
Performance
IDVY.AS vs. JAAAX - Performance Comparison
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Different Trading Currencies
IDVY.AS is traded in EUR, while JAAAX is traded in USD. To make them comparable, the JAAAX values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDVY.AS achieves a 8.21% return, which is significantly higher than JAAAX's 7.60% return. Over the past 10 years, IDVY.AS has outperformed JAAAX with an annualized return of 7.33%, while JAAAX has yielded a comparatively lower 4.01% annualized return.
IDVY.AS
- 1D
- 0.33%
- 1M
- 2.29%
- YTD
- 8.21%
- 6M
- 10.99%
- 1Y
- 20.66%
- 3Y*
- 20.03%
- 5Y*
- 9.08%
- 10Y*
- 7.33%
JAAAX
- 1D
- 0.06%
- 1M
- 2.07%
- YTD
- 7.60%
- 6M
- 7.13%
- 1Y
- 9.17%
- 3Y*
- 4.46%
- 5Y*
- 5.32%
- 10Y*
- 4.01%
IDVY.AS vs. JAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDVY.AS iShares Euro Dividend UCITS ETF | 8.21% | 41.92% | 8.62% | 4.42% | -13.82% | 24.39% | -17.87% | 20.43% | -10.28% | 9.96% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 7.60% | -6.42% | 13.63% | 2.68% | 2.89% | 12.61% | -4.24% | 11.42% | 0.42% | -6.94% |
Correlation
The correlation between IDVY.AS and JAAAX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.18 |
The correlation between IDVY.AS and JAAAX shifts across timeframes, from -0.00 (5 years) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IDVY.AS vs. JAAAX — Risk / Return Rank
IDVY.AS
JAAAX
IDVY.AS vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Dividend UCITS ETF (IDVY.AS) 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.
| IDVY.AS | JAAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.88 | -1.27 |
| Martin ratioReturn relative to average drawdown | 8.13 | 8.94 | -0.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IDVY.AS | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.65 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.69 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.52 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.74 | -0.51 |
Drawdowns
IDVY.AS vs. JAAAX - Drawdown Comparison
The maximum IDVY.AS drawdown since its inception was -71.33%, which is greater than JAAAX's maximum drawdown of -13.93%. Use the drawdown chart below to compare losses from any high point for IDVY.AS and JAAAX.
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Drawdown Indicators
| IDVY.AS | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.33% | -13.93% | -57.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -2.51% | -5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.81% | -13.91% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.57% | -13.91% | -10.66% |
Max Drawdown (10Y)Largest decline over 10 years | -42.34% | -13.91% | -28.43% |
Current DrawdownCurrent decline from peak | -1.42% | -1.56% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -4.54% | -18.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.10% | +1.47% |
Volatility
IDVY.AS vs. JAAAX - Volatility Comparison
iShares Euro Dividend UCITS ETF (IDVY.AS) has a higher volatility of 3.54% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 1.07%. This indicates that IDVY.AS'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.
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Volatility by Period
| IDVY.AS | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 1.07% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 3.99% | +5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 5.98% | +5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 7.79% | +7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 7.77% | +9.49% |
IDVY.AS vs. JAAAX - Expense Ratio Comparison
IDVY.AS has a 0.40% expense ratio, which is lower than JAAAX's 0.72% expense ratio.
Dividends
IDVY.AS vs. JAAAX - Dividend Comparison
IDVY.AS's dividend yield for the trailing twelve months is around 3.99%, more than JAAAX's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDVY.AS iShares Euro Dividend UCITS ETF | 3.99% | 4.36% | 5.85% | 5.84% | 5.28% | 3.68% | 3.57% | 4.84% | 4.76% | 3.91% | 3.97% | 4.00% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.45% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
Frequently Asked Questions
IDVY.AS and JAAAX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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