JAAAX vs. JEPQ
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAAX or JEPQ.
Key characteristics
| JAAAX | JEPQ | |
|---|---|---|
| YTD Return | 6.82% | 23.19% |
| 1Y Return | 9.38% | 28.90% |
| Sharpe Ratio | 2.60 | 2.49 |
| Sortino Ratio | 3.52 | 3.24 |
| Omega Ratio | 1.58 | 1.51 |
| Calmar Ratio | 4.16 | 2.85 |
| Martin Ratio | 17.68 | 12.34 |
| Ulcer Index | 0.55% | 2.48% |
| Daily Std Dev | 3.72% | 12.22% |
| Max Drawdown | -12.09% | -16.82% |
| Current Drawdown | -0.31% | 0.00% |
Correlation
The correlation between JAAAX and JEPQ is 0.75, 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.
Performance
JAAAX vs. JEPQ - Performance Comparison
In the year-to-date period, JAAAX achieves a 6.82% return, which is significantly lower than JEPQ's 23.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JAAAX vs. JEPQ - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
JAAAX vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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. JEPQ - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.61%, less than JEPQ's 9.36% 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% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.36% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JAAAX vs. JEPQ - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -12.09%, smaller than the maximum JEPQ drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for JAAAX and JEPQ. For additional features, visit the drawdowns tool.
Volatility
JAAAX vs. JEPQ - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.07%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.39%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.