JAAAX vs. EXV8.DE
JAAAX (John Hancock Funds Alternative Asset Allocation Fund) and EXV8.DE (iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)) are both funds - JAAAX is a Multistrategy fund managed by John Hancock, while EXV8.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Construction & Materials. Over the past 10 years, JAAAX returned 4.16%/yr vs 10.62%/yr for EXV8.DE. A 0.52 correlation means they provide meaningful diversification when combined. JAAAX charges 0.72%/yr vs 0.46%/yr for EXV8.DE.
Performance
JAAAX vs. EXV8.DE - Performance Comparison
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Different Trading Currencies
JAAAX is traded in USD, while EXV8.DE is traded in EUR. To make them comparable, the EXV8.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JAAAX achieves a 5.53% return, which is significantly higher than EXV8.DE's -0.17% return. Over the past 10 years, JAAAX has underperformed EXV8.DE with an annualized return of 4.16%, while EXV8.DE has yielded a comparatively higher 10.62% annualized return.
JAAAX
- 1D
- -0.73%
- 1M
- -0.23%
- YTD
- 5.53%
- 6M
- 6.05%
- 1Y
- 10.39%
- 3Y*
- 7.08%
- 5Y*
- 4.19%
- 10Y*
- 4.16%
EXV8.DE
- 1D
- 0.27%
- 1M
- -3.93%
- YTD
- -0.17%
- 6M
- 1.97%
- 1Y
- 8.70%
- 3Y*
- 18.73%
- 5Y*
- 8.68%
- 10Y*
- 10.62%
JAAAX vs. EXV8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 5.53% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -4.09% | 6.10% |
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) | -0.17% | 41.11% | 0.33% | 37.79% | -23.39% | 21.82% | 7.56% | 39.90% | -21.73% | 26.02% |
Correlation
The correlation between JAAAX and EXV8.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.52 |
The correlation between JAAAX and EXV8.DE has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.
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Return for Risk
JAAAX vs. EXV8.DE — Risk / Return Rank
JAAAX
EXV8.DE
JAAAX vs. EXV8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE). 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 | EXV8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +3.78 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.09 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 0.56 | +4.68 |
| Martin ratioReturn relative to average drawdown | 20.62 | 1.68 | +18.94 |
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 | EXV8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 0.43 | +2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.38 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.47 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.18 | +0.68 |
Drawdowns
JAAAX vs. EXV8.DE - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -15.72%, smaller than the maximum EXV8.DE drawdown of -68.52%. Use the drawdown chart below to compare losses from any high point for JAAAX and EXV8.DE.
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Drawdown Indicators
| JAAAX | EXV8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -68.52% | +52.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -16.81% | +14.79% |
Max Drawdown (3Y)Largest decline over 3 years | -5.66% | -16.81% | +11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -39.87% | +33.59% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -42.95% | +30.31% |
Current DrawdownCurrent decline from peak | -0.79% | -8.02% | +7.23% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -19.23% | +17.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 5.56% | -5.05% |
Volatility
JAAAX vs. EXV8.DE - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.06%, while iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) has a volatility of 6.84%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than EXV8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAAAX | EXV8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 6.84% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 17.56% | -14.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 21.55% | -18.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.22% | 22.69% | -18.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 22.46% | -18.08% |
JAAAX vs. EXV8.DE - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is higher than EXV8.DE's 0.46% expense ratio.
Dividends
JAAAX vs. EXV8.DE - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.45%, more than EXV8.DE's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) | 1.39% | 1.39% | 1.69% | 1.59% | 1.78% | 1.34% | 0.53% | 1.55% | 1.66% | 2.87% | 2.80% | 2.79% |
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
JAAAX and EXV8.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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