JAAAX vs. IWP
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and iShares Russell Mid-Cap Growth ETF (IWP).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. IWP is a passively managed fund by iShares that tracks the performance of the Russell Midcap Growth Index. It was launched on Jul 17, 2001.
Performance
JAAAX vs. IWP - Performance Comparison
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JAAAX vs. IWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.52% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -4.09% | 6.10% |
IWP iShares Russell Mid-Cap Growth ETF | -5.91% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
Returns By Period
In the year-to-date period, JAAAX achieves a 2.52% return, which is significantly higher than IWP's -5.91% return. Over the past 10 years, JAAAX has underperformed IWP with an annualized return of 4.05%, while IWP has yielded a comparatively higher 11.47% annualized return.
JAAAX
- 1D
- 0.41%
- 1M
- -1.56%
- YTD
- 2.52%
- 6M
- 3.59%
- 1Y
- 8.05%
- 3Y*
- 6.41%
- 5Y*
- 4.12%
- 10Y*
- 4.05%
IWP
- 1D
- 0.52%
- 1M
- -5.80%
- YTD
- -5.91%
- 6M
- -9.13%
- 1Y
- 9.02%
- 3Y*
- 12.74%
- 5Y*
- 4.89%
- 10Y*
- 11.47%
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JAAAX vs. IWP - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is higher than IWP's 0.23% expense ratio.
Return for Risk
JAAAX vs. IWP — Risk / Return Rank
JAAAX
IWP
JAAAX vs. IWP - 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 Russell Mid-Cap 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.
| JAAAX | IWP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 0.39 | +1.36 |
Sortino ratioReturn per unit of downside risk | 2.35 | 0.73 | +1.62 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.10 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 0.68 | +1.20 |
Martin ratioReturn relative to average drawdown | 9.41 | 2.10 | +7.31 |
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 | IWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.39 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.22 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.53 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.41 | +0.43 |
Correlation
The correlation between JAAAX and IWP is 0.78, 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.
Dividends
JAAAX vs. IWP - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.49%, more than IWP's 0.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.49% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
IWP iShares Russell Mid-Cap Growth ETF | 0.36% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
Drawdowns
JAAAX vs. IWP - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -15.72%, 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.
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Drawdown Indicators
| JAAAX | IWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -56.92% | +41.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -14.79% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -38.62% | +32.34% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -38.62% | +25.98% |
Current DrawdownCurrent decline from peak | -1.61% | -11.22% | +9.61% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -9.71% | +7.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 4.76% | -3.88% |
Volatility
JAAAX vs. IWP - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.16%, while iShares Russell Mid-Cap Growth ETF (IWP) has a volatility of 7.02%. 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.
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Volatility by Period
| JAAAX | IWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 7.02% | -5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 13.18% | -10.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 23.08% | -18.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.22% | 22.34% | -18.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 21.63% | -17.25% |