JAAAX vs. JVMIX
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. JVMIX is managed by John Hancock. It was launched on Jun 2, 1997.
Performance
JAAAX vs. JVMIX - Performance Comparison
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JAAAX vs. JVMIX - 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% |
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 1.16% | 11.28% | 10.46% | 16.64% | -7.09% | 26.85% | 5.90% | 30.13% | -14.90% | 15.10% |
Returns By Period
In the year-to-date period, JAAAX achieves a 2.52% return, which is significantly higher than JVMIX's 1.16% return. Over the past 10 years, JAAAX has underperformed JVMIX with an annualized return of 4.05%, while JVMIX has yielded a comparatively higher 10.12% 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%
JVMIX
- 1D
- 1.79%
- 1M
- -6.68%
- YTD
- 1.16%
- 6M
- 0.63%
- 1Y
- 13.98%
- 3Y*
- 12.68%
- 5Y*
- 8.23%
- 10Y*
- 10.12%
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JAAAX vs. JVMIX - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is lower than JVMIX's 0.87% expense ratio.
Return for Risk
JAAAX vs. JVMIX — Risk / Return Rank
JAAAX
JVMIX
JAAAX vs. JVMIX - 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 Mid Cap Fund Class I (JVMIX). 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 | JVMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 0.80 | +0.95 |
Sortino ratioReturn per unit of downside risk | 2.35 | 1.25 | +1.10 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.17 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.16 | +0.72 |
Martin ratioReturn relative to average drawdown | 9.41 | 4.73 | +4.67 |
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 | JVMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.80 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.45 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.50 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.29 | +0.55 |
Correlation
The correlation between JAAAX and JVMIX is 0.79, 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. JVMIX - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.49%, less than JVMIX's 9.13% 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% |
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 9.13% | 9.24% | 12.05% | 4.02% | 5.27% | 6.67% | 1.13% | 2.40% | 13.85% | 5.94% | 1.91% | 5.88% |
Drawdowns
JAAAX vs. JVMIX - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -15.72%, smaller than the maximum JVMIX drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for JAAAX and JVMIX.
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Drawdown Indicators
| JAAAX | JVMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -67.04% | +51.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -13.22% | +8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -21.13% | +14.85% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -42.64% | +30.00% |
Current DrawdownCurrent decline from peak | -1.61% | -6.93% | +5.32% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -13.43% | +11.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 3.23% | -2.35% |
Volatility
JAAAX vs. JVMIX - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.16%, while John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) has a volatility of 4.40%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than JVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAAAX | JVMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 4.40% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 9.77% | -7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 18.11% | -13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.22% | 18.44% | -14.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 20.31% | -15.93% |