JAAAX vs. JVLIX
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and John Hancock Funds Disciplined Value Fund (JVLIX).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. JVLIX is managed by John Hancock. It was launched on Jan 2, 1997.
Performance
JAAAX vs. JVLIX - Performance Comparison
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JAAAX vs. JVLIX - 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% |
JVLIX John Hancock Funds Disciplined Value Fund | -0.65% | 17.48% | 15.59% | 13.91% | -4.45% | 29.92% | 1.59% | 22.70% | -9.75% | 17.97% |
Returns By Period
In the year-to-date period, JAAAX achieves a 2.10% return, which is significantly higher than JVLIX's -0.65% return. Over the past 10 years, JAAAX has underperformed JVLIX with an annualized return of 4.00%, while JVLIX has yielded a comparatively higher 11.17% 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%
JVLIX
- 1D
- -0.69%
- 1M
- -7.74%
- YTD
- -0.65%
- 6M
- 1.88%
- 1Y
- 16.72%
- 3Y*
- 15.57%
- 5Y*
- 10.65%
- 10Y*
- 11.17%
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JAAAX vs. JVLIX - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is lower than JVLIX's 0.76% expense ratio.
Return for Risk
JAAAX vs. JVLIX — Risk / Return Rank
JAAAX
JVLIX
JAAAX vs. JVLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and John Hancock Funds Disciplined Value Fund (JVLIX). 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 | JVLIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.07 | +0.61 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.52 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.35 | +0.32 |
Martin ratioReturn relative to average drawdown | 8.43 | 6.23 | +2.20 |
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 | JVLIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.07 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.62 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.59 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.34 | +0.50 |
Correlation
The correlation between JAAAX and JVLIX is 0.80, 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. JVLIX - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.50%, less than JVLIX's 6.68% yield.
| 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% |
JVLIX John Hancock Funds Disciplined Value Fund | 6.68% | 6.64% | 13.97% | 7.22% | 7.16% | 14.63% | 1.57% | 5.87% | 10.59% | 4.60% | 1.22% | 3.44% |
Drawdowns
JAAAX vs. JVLIX - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -15.72%, smaller than the maximum JVLIX drawdown of -59.12%. Use the drawdown chart below to compare losses from any high point for JAAAX and JVLIX.
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Drawdown Indicators
| JAAAX | JVLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -59.12% | +43.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -11.86% | +7.43% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -20.48% | +14.20% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -40.33% | +27.69% |
Current DrawdownCurrent decline from peak | -2.02% | -7.95% | +5.93% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -10.57% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.58% | -1.70% |
Volatility
JAAAX vs. JVLIX - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.04%, while John Hancock Funds Disciplined Value Fund (JVLIX) has a volatility of 4.27%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than JVLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAAAX | JVLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 4.27% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 9.46% | -6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 16.65% | -11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.21% | 17.30% | -13.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 18.88% | -14.51% |