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JAAAX vs. ICVT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between JAAAX and ICVT is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.9

Performance

JAAAX vs. ICVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and iShares Convertible Bond ETF (ICVT). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
31.15%
114.30%
JAAAX
ICVT

Key characteristics

Sharpe Ratio

JAAAX:

0.62

ICVT:

1.06

Sortino Ratio

JAAAX:

0.84

ICVT:

1.52

Omega Ratio

JAAAX:

1.13

ICVT:

1.19

Calmar Ratio

JAAAX:

0.55

ICVT:

0.43

Martin Ratio

JAAAX:

2.56

ICVT:

3.75

Ulcer Index

JAAAX:

1.22%

ICVT:

3.06%

Daily Std Dev

JAAAX:

5.06%

ICVT:

10.84%

Max Drawdown

JAAAX:

-12.09%

ICVT:

-37.27%

Current Drawdown

JAAAX:

-2.95%

ICVT:

-17.49%

Returns By Period

In the year-to-date period, JAAAX achieves a -0.82% return, which is significantly lower than ICVT's -0.39% return.


JAAAX

YTD

-0.82%

1M

-1.38%

6M

-0.79%

1Y

2.86%

5Y*

4.50%

10Y*

2.76%

ICVT

YTD

-0.39%

1M

0.47%

6M

0.97%

1Y

11.44%

5Y*

8.69%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


JAAAX vs. ICVT - Expense Ratio Comparison

JAAAX has a 0.72% expense ratio, which is higher than ICVT's 0.20% expense ratio.


Expense ratio chart for JAAAX: current value is 0.72%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
JAAAX: 0.72%
Expense ratio chart for ICVT: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ICVT: 0.20%

Risk-Adjusted Performance

JAAAX vs. ICVT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JAAAX
The Risk-Adjusted Performance Rank of JAAAX is 6464
Overall Rank
The Sharpe Ratio Rank of JAAAX is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of JAAAX is 5959
Sortino Ratio Rank
The Omega Ratio Rank of JAAAX is 6363
Omega Ratio Rank
The Calmar Ratio Rank of JAAAX is 6969
Calmar Ratio Rank
The Martin Ratio Rank of JAAAX is 6767
Martin Ratio Rank

ICVT
The Risk-Adjusted Performance Rank of ICVT is 7676
Overall Rank
The Sharpe Ratio Rank of ICVT is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of ICVT is 8282
Sortino Ratio Rank
The Omega Ratio Rank of ICVT is 7979
Omega Ratio Rank
The Calmar Ratio Rank of ICVT is 5858
Calmar Ratio Rank
The Martin Ratio Rank of ICVT is 7979
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

JAAAX vs. ICVT - 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 Convertible Bond ETF (ICVT). 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.


The chart of Sharpe ratio for JAAAX, currently valued at 0.62, compared to the broader market-1.000.001.002.003.00
JAAAX: 0.62
ICVT: 1.06
The chart of Sortino ratio for JAAAX, currently valued at 0.84, compared to the broader market-2.000.002.004.006.008.00
JAAAX: 0.84
ICVT: 1.52
The chart of Omega ratio for JAAAX, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.00
JAAAX: 1.13
ICVT: 1.19
The chart of Calmar ratio for JAAAX, currently valued at 0.55, compared to the broader market0.002.004.006.008.0010.00
JAAAX: 0.55
ICVT: 0.43
The chart of Martin ratio for JAAAX, currently valued at 2.56, compared to the broader market0.0010.0020.0030.0040.00
JAAAX: 2.56
ICVT: 3.75

The current JAAAX Sharpe Ratio is 0.62, which is lower than the ICVT Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of JAAAX and ICVT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.62
1.06
JAAAX
ICVT

Dividends

JAAAX vs. ICVT - Dividend Comparison

JAAAX's dividend yield for the trailing twelve months is around 1.17%, less than ICVT's 2.27% yield.


TTM20242023202220212020201920182017201620152014
JAAAX
John Hancock Funds Alternative Asset Allocation Fund
1.17%1.16%1.72%3.02%1.72%0.74%3.38%1.99%1.23%0.77%2.78%2.00%
ICVT
iShares Convertible Bond ETF
2.27%2.19%1.85%1.93%1.14%1.13%1.86%4.82%2.56%3.06%1.57%0.00%

Drawdowns

JAAAX vs. ICVT - Drawdown Comparison

The maximum JAAAX drawdown since its inception was -12.09%, smaller than the maximum ICVT drawdown of -37.27%. Use the drawdown chart below to compare losses from any high point for JAAAX and ICVT. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.95%
-17.49%
JAAAX
ICVT

Volatility

JAAAX vs. ICVT - Volatility Comparison

The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 3.56%, while iShares Convertible Bond ETF (ICVT) has a volatility of 6.10%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
3.56%
6.10%
JAAAX
ICVT