JAAAX vs. BIMBX
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and BlackRock Systematic Multi-Strategy Class I (BIMBX).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. BIMBX is managed by BlackRock. It was launched on May 19, 2015.
Performance
JAAAX vs. BIMBX - Performance Comparison
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JAAAX vs. BIMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BIMBX BlackRock Systematic Multi-Strategy Class I | 0.96% | 5.00% | 6.83% | 6.43% | -2.95% | 6.18% | 3.57% | 8.43% | 1.83% | 9.89% |
Returns By Period
In the year-to-date period, JAAAX achieves a 2.10% return, which is significantly higher than BIMBX's 0.96% return. Over the past 10 years, JAAAX has underperformed BIMBX with an annualized return of 4.00%, while BIMBX has yielded a comparatively higher 4.70% annualized return.
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%
BIMBX
- 1D
- 0.48%
- 1M
- -3.15%
- YTD
- 0.96%
- 6M
- 2.76%
- 1Y
- 3.06%
- 3Y*
- 6.50%
- 5Y*
- 4.19%
- 10Y*
- 4.70%
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JAAAX vs. BIMBX - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is lower than BIMBX's 0.98% expense ratio.
Return for Risk
JAAAX vs. BIMBX — Risk / Return Rank
JAAAX
BIMBX
JAAAX vs. BIMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and BlackRock Systematic Multi-Strategy Class I (BIMBX). 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.
| JAAAX | BIMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 0.84 | +0.84 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.22 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.15 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.99 | +0.69 |
Martin ratioReturn relative to average drawdown | 8.43 | 3.57 | +4.86 |
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
| JAAAX | BIMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.84 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 1.19 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 1.34 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.43 | -0.60 |
Correlation
The correlation between JAAAX and BIMBX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JAAAX vs. BIMBX - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.50%, less than BIMBX's 2.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BIMBX BlackRock Systematic Multi-Strategy Class I | 2.25% | 2.27% | 4.07% | 4.48% | 4.99% | 2.62% | 1.31% | 3.90% | 8.93% | 4.08% | 5.00% | 0.00% |
Drawdowns
JAAAX vs. BIMBX - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -15.72%, which is greater than BIMBX's maximum drawdown of -8.73%. Use the drawdown chart below to compare losses from any high point for JAAAX and BIMBX.
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Drawdown Indicators
| JAAAX | BIMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -8.73% | -6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -3.61% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -6.50% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -8.73% | -3.91% |
Current DrawdownCurrent decline from peak | -2.02% | -3.15% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -1.14% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.99% | -0.11% |
Volatility
JAAAX vs. BIMBX - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.04%, while BlackRock Systematic Multi-Strategy Class I (BIMBX) has a volatility of 1.54%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than BIMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAAAX | BIMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.54% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.83% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 4.03% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.21% | 3.53% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 3.52% | +0.85% |