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JAAAX vs. PULS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between JAAAX and PULS is 0.29, 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.


-0.50.00.51.0
Correlation: 0.3

Performance

JAAAX vs. PULS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and PGIM Ultra Short Bond ETF (PULS). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%80.00%NovemberDecember2025FebruaryMarchApril
23.18%
-4.34%
TALK
SPY

Key characteristics

Sharpe Ratio

JAAAX:

-0.07

PULS:

9.84

Sortino Ratio

JAAAX:

-0.06

PULS:

18.48

Omega Ratio

JAAAX:

0.99

PULS:

5.29

Calmar Ratio

JAAAX:

-0.06

PULS:

22.00

Martin Ratio

JAAAX:

-0.36

PULS:

192.79

Ulcer Index

JAAAX:

0.93%

PULS:

0.03%

Daily Std Dev

JAAAX:

4.58%

PULS:

0.54%

Max Drawdown

JAAAX:

-12.09%

PULS:

-5.85%

Current Drawdown

JAAAX:

-5.54%

PULS:

-0.24%

Returns By Period

In the year-to-date period, JAAAX achieves a -3.46% return, which is significantly lower than PULS's 0.95% return.


JAAAX

YTD

-3.46%

1M

-4.66%

6M

-3.07%

1Y

-0.40%

5Y*

4.05%

10Y*

2.40%

PULS

YTD

0.95%

1M

0.08%

6M

2.18%

1Y

5.31%

5Y*

3.66%

10Y*

N/A

*Annualized

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. PULS - Expense Ratio Comparison

JAAAX has a 0.72% expense ratio, which is higher than PULS's 0.15% expense ratio.


Expense ratio chart for JAAAX: current value is 0.72%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
JAAAX: 0.72%
Expense ratio chart for PULS: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PULS: 0.15%

Risk-Adjusted Performance

JAAAX vs. PULS — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JAAAX
The Risk-Adjusted Performance Rank of JAAAX is 5656
Overall Rank
The Sharpe Ratio Rank of JAAAX is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of JAAAX is 5555
Sortino Ratio Rank
The Omega Ratio Rank of JAAAX is 5454
Omega Ratio Rank
The Calmar Ratio Rank of JAAAX is 5757
Calmar Ratio Rank
The Martin Ratio Rank of JAAAX is 5656
Martin Ratio Rank

PULS
The Risk-Adjusted Performance Rank of PULS is 9999
Overall Rank
The Sharpe Ratio Rank of PULS is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of PULS is 9999
Sortino Ratio Rank
The Omega Ratio Rank of PULS is 9999
Omega Ratio Rank
The Calmar Ratio Rank of PULS is 9999
Calmar Ratio Rank
The Martin Ratio Rank of PULS is 9999
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

JAAAX vs. PULS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and PGIM Ultra Short Bond ETF (PULS). 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.


The chart of Sharpe ratio for TALK, currently valued at -0.35, compared to the broader market-1.000.001.002.003.00
TALK: -0.35
SPY: 0.37
The chart of Sortino ratio for TALK, currently valued at -0.12, compared to the broader market-2.000.002.004.006.008.00
TALK: -0.12
SPY: 0.68
The chart of Omega ratio for TALK, currently valued at 0.99, compared to the broader market0.501.001.502.002.503.00
TALK: 0.99
SPY: 1.10
The chart of Calmar ratio for TALK, currently valued at -0.25, compared to the broader market0.002.004.006.008.0010.0012.00
TALK: -0.25
SPY: 0.38
The chart of Martin ratio for TALK, currently valued at -0.66, compared to the broader market0.0010.0020.0030.0040.0050.0060.00
TALK: -0.66
SPY: 1.90

The current JAAAX Sharpe Ratio is -0.07, which is lower than the PULS Sharpe Ratio of 9.84. The chart below compares the historical Sharpe Ratios of JAAAX and PULS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.35
0.37
TALK
SPY

Dividends

JAAAX vs. PULS - Dividend Comparison

JAAAX's dividend yield for the trailing twelve months is around 1.21%, less than PULS's 5.36% yield.


TTM20242023202220212020201920182017201620152014

Drawdowns

JAAAX vs. PULS - Drawdown Comparison

The maximum JAAAX drawdown since its inception was -12.09%, which is greater than PULS's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for JAAAX and PULS. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-75.87%
-10.22%
TALK
SPY

Volatility

JAAAX vs. PULS - Volatility Comparison

The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is NaN%, while PGIM Ultra Short Bond ETF (PULS) has a volatility of NaN%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%NovemberDecember2025FebruaryMarchApril
14.67%
13.87%
TALK
SPY

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