JAAAX vs. FLOT
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and iShares Floating Rate Bond ETF (FLOT).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAAX or FLOT.
Key characteristics
| JAAAX | FLOT | |
|---|---|---|
| YTD Return | 6.82% | 5.70% |
| 1Y Return | 9.38% | 6.61% |
| 3Y Return (Ann) | 2.94% | 4.44% |
| 5Y Return (Ann) | 3.99% | 2.99% |
| 10Y Return (Ann) | 2.92% | 2.33% |
| Sharpe Ratio | 2.60 | 8.19 |
| Sortino Ratio | 3.52 | 15.02 |
| Omega Ratio | 1.58 | 4.57 |
| Calmar Ratio | 4.16 | 15.02 |
| Martin Ratio | 17.68 | 162.39 |
| Ulcer Index | 0.55% | 0.04% |
| Daily Std Dev | 3.72% | 0.82% |
| Max Drawdown | -12.09% | -13.54% |
| Current Drawdown | -0.31% | -0.02% |
Correlation
The correlation between JAAAX and FLOT is 0.12, 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.
Performance
JAAAX vs. FLOT - Performance Comparison
In the year-to-date period, JAAAX achieves a 6.82% return, which is significantly higher than FLOT's 5.70% return. Over the past 10 years, JAAAX has outperformed FLOT with an annualized return of 2.92%, while FLOT has yielded a comparatively lower 2.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JAAAX vs. FLOT - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is higher than FLOT's 0.20% expense ratio.
Risk-Adjusted Performance
JAAAX vs. FLOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and iShares Floating Rate Bond ETF (FLOT). 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
JAAAX vs. FLOT - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.61%, less than FLOT's 5.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.61% | 1.72% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% | 2.00% | 1.74% |
FLOT iShares Floating Rate Bond ETF | 5.92% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.45% | 0.97% | 0.53% | 0.44% | 0.48% |
Drawdowns
JAAAX vs. FLOT - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -12.09%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for JAAAX and FLOT. For additional features, visit the drawdowns tool.
Volatility
JAAAX vs. FLOT - Volatility Comparison
John Hancock Funds Alternative Asset Allocation Fund (JAAAX) has a higher volatility of 1.07% compared to iShares Floating Rate Bond ETF (FLOT) at 0.41%. This indicates that JAAAX's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.