JAAAX vs. ISPA.DE
JAAAX (John Hancock Funds Alternative Asset Allocation Fund) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both funds - JAAAX is a Multistrategy fund managed by John Hancock, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Over the past 10 years, JAAAX returned 4.16%/yr vs 9.23%/yr for ISPA.DE. A 0.56 correlation means they provide meaningful diversification when combined. JAAAX charges 0.72%/yr vs 0.46%/yr for ISPA.DE.
Performance
JAAAX vs. ISPA.DE - Performance Comparison
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Different Trading Currencies
JAAAX is traded in USD, while ISPA.DE is traded in EUR. To make them comparable, the ISPA.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 lower than ISPA.DE's 12.16% return. Over the past 10 years, JAAAX has underperformed ISPA.DE with an annualized return of 4.16%, while ISPA.DE has yielded a comparatively higher 9.23% 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%
ISPA.DE
- 1D
- 0.60%
- 1M
- 0.90%
- YTD
- 12.16%
- 6M
- 15.03%
- 1Y
- 31.44%
- 3Y*
- 21.88%
- 5Y*
- 9.96%
- 10Y*
- 9.23%
JAAAX vs. ISPA.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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 12.16% | 35.16% | 6.51% | 8.11% | -5.10% | 12.74% | -0.24% | 21.61% | -11.86% | 17.53% |
Correlation
The correlation between JAAAX and ISPA.DE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2009 | 0.56 |
The correlation between JAAAX and ISPA.DE has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
JAAAX vs. ISPA.DE — Risk / Return Rank
JAAAX
ISPA.DE
JAAAX vs. ISPA.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 Global Select Dividend 100 UCITS ETF (DE) (ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.53 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 5.88 | -0.64 |
| Martin ratioReturn relative to average drawdown | 20.62 | 20.02 | +0.60 |
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 | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 3.02 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.68 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.56 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.52 | +0.35 |
Drawdowns
JAAAX vs. ISPA.DE - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -15.72%, smaller than the maximum ISPA.DE drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for JAAAX and ISPA.DE.
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Drawdown Indicators
| JAAAX | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -40.28% | +24.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -5.38% | +3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -5.66% | -13.70% | +8.04% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -24.03% | +17.75% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -40.28% | +27.64% |
Current DrawdownCurrent decline from peak | -0.79% | -1.37% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -5.77% | +3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 1.58% | -1.07% |
Volatility
JAAAX vs. ISPA.DE - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.06%, while iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) has a volatility of 3.09%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 3.09% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 7.98% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 10.48% | -7.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.22% | 14.43% | -10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 16.27% | -11.89% |
JAAAX vs. ISPA.DE - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is higher than ISPA.DE's 0.46% expense ratio.
Dividends
JAAAX vs. ISPA.DE - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.45%, less than ISPA.DE's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
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 ISPA.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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