JAAAX vs. IWP

In the year-to-date period, JAAAX achieves a 0.57% return, which is significantly lower than IWP's 6.71% return. Over the past 10 years, JAAAX has underperformed IWP with an annualized return of 2.84%, while IWP has yielded a comparatively higher 11.38% annualized return.

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JAAAX has a 0.72% expense ratio, which is higher than IWP's 0.24% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and iShares Russell Midcap Growth ETF (IWP). 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 current JAAAX Sharpe Ratio is 0.63, which is comparable to the IWP Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of JAAAX and IWP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

JAAAX's dividend yield for the trailing twelve months is around 1.16%, more than IWP's 0.36% yield.

The maximum JAAAX drawdown since its inception was -12.09%, smaller than the maximum IWP drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for JAAAX and IWP. For additional features, visit the drawdowns tool.

The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 0.92%, while iShares Russell Midcap Growth ETF (IWP) has a volatility of 7.20%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than IWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.