JAAAX vs. JAAA
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and Janus Henderson AAA CLO ETF (JAAA).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAAX or JAAA.
Key characteristics
| JAAAX | JAAA | |
|---|---|---|
| YTD Return | 6.82% | 6.44% |
| 1Y Return | 9.38% | 7.98% |
| 3Y Return (Ann) | 2.94% | 5.15% |
| Sharpe Ratio | 2.60 | 10.46 |
| Sortino Ratio | 3.52 | 22.43 |
| Omega Ratio | 1.58 | 6.81 |
| Calmar Ratio | 4.16 | 24.45 |
| Martin Ratio | 17.68 | 247.28 |
| Ulcer Index | 0.55% | 0.03% |
| Daily Std Dev | 3.72% | 0.77% |
| Max Drawdown | -12.09% | -2.60% |
| Current Drawdown | -0.31% | -0.02% |
Correlation
The correlation between JAAAX and JAAA is 0.09, 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. JAAA - Performance Comparison
In the year-to-date period, JAAAX achieves a 6.82% return, which is significantly higher than JAAA's 6.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. JAAA - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
JAAAX vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and Janus Henderson AAA CLO ETF (JAAA). 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. JAAA - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.61%, less than JAAA's 6.40% 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% |
JAAA Janus Henderson AAA CLO ETF | 6.40% | 6.10% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JAAAX vs. JAAA - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -12.09%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for JAAAX and JAAA. For additional features, visit the drawdowns tool.
Volatility
JAAAX vs. JAAA - Volatility Comparison
John Hancock Funds Alternative Asset Allocation Fund (JAAAX) has a higher volatility of 1.07% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.18%. This indicates that JAAAX's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.