JAAAX vs. JIREX
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and JHancock Real Estate Securities Fund (JIREX).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. JIREX is managed by John Hancock. It was launched on Oct 14, 2005.
Performance
JAAAX vs. JIREX - Performance Comparison
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JAAAX vs. JIREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.10% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -4.09% | 6.10% |
JIREX JHancock Real Estate Securities Fund | 2.30% | -1.14% | 10.74% | 12.94% | -28.64% | 46.44% | -5.53% | 29.33% | -3.46% | 4.72% |
Returns By Period
In the year-to-date period, JAAAX achieves a 2.10% return, which is significantly lower than JIREX's 2.30% return. Over the past 10 years, JAAAX has underperformed JIREX with an annualized return of 4.00%, while JIREX has yielded a comparatively higher 4.70% annualized return.
JAAAX
- 1D
- -0.06%
- 1M
- -2.02%
- YTD
- 2.10%
- 6M
- 3.22%
- 1Y
- 7.80%
- 3Y*
- 6.27%
- 5Y*
- 4.12%
- 10Y*
- 4.00%
JIREX
- 1D
- -0.72%
- 1M
- -7.15%
- YTD
- 2.30%
- 6M
- 0.32%
- 1Y
- 2.47%
- 3Y*
- 7.12%
- 5Y*
- 4.13%
- 10Y*
- 4.70%
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JAAAX vs. JIREX - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is lower than JIREX's 0.85% expense ratio.
Return for Risk
JAAAX vs. JIREX — Risk / Return Rank
JAAAX
JIREX
JAAAX vs. JIREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and JHancock Real Estate Securities Fund (JIREX). 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 | JIREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 0.26 | +1.42 |
Sortino ratioReturn per unit of downside risk | 2.25 | 0.51 | +1.74 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.07 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.03 | +1.64 |
Martin ratioReturn relative to average drawdown | 8.43 | 0.10 | +8.33 |
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 | JIREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.26 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.23 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.23 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.22 | +0.62 |
Correlation
The correlation between JAAAX and JIREX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JAAAX vs. JIREX - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.50%, while JIREX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.50% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
JIREX JHancock Real Estate Securities Fund | 0.00% | 0.00% | 1.99% | 2.37% | 13.80% | 11.82% | 1.92% | 8.80% | 4.66% | 5.89% | 8.70% | 12.72% |
Drawdowns
JAAAX vs. JIREX - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -15.72%, smaller than the maximum JIREX drawdown of -73.35%. Use the drawdown chart below to compare losses from any high point for JAAAX and JIREX.
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Drawdown Indicators
| JAAAX | JIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -73.35% | +57.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -12.99% | +8.56% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -34.41% | +28.13% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -41.23% | +28.59% |
Current DrawdownCurrent decline from peak | -2.02% | -9.74% | +7.72% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -14.91% | +12.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 4.94% | -4.06% |
Volatility
JAAAX vs. JIREX - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.04%, while JHancock Real Estate Securities Fund (JIREX) has a volatility of 3.92%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than JIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAAAX | JIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 3.92% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 9.48% | -6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 18.63% | -13.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.21% | 19.17% | -14.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 21.02% | -16.65% |