JAAAX vs. PULS
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and PGIM Ultra Short Bond ETF (PULS).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. PULS is an actively managed fund by Prudential. It was launched on Apr 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAAX or PULS.
Key characteristics
| JAAAX | PULS | |
|---|---|---|
| YTD Return | 6.82% | 5.37% |
| 1Y Return | 9.38% | 6.63% |
| 3Y Return (Ann) | 2.94% | 4.38% |
| 5Y Return (Ann) | 3.99% | 3.09% |
| Sharpe Ratio | 2.60 | 12.38 |
| Sortino Ratio | 3.52 | 31.08 |
| Omega Ratio | 1.58 | 8.08 |
| Calmar Ratio | 4.16 | 65.70 |
| Martin Ratio | 17.68 | 405.23 |
| Ulcer Index | 0.55% | 0.02% |
| Daily Std Dev | 3.72% | 0.54% |
| Max Drawdown | -12.09% | -5.85% |
| Current Drawdown | -0.31% | 0.00% |
Correlation
The correlation between JAAAX and PULS is 0.09, 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.
Performance
JAAAX vs. PULS - Performance Comparison
In the year-to-date period, JAAAX achieves a 6.82% return, which is significantly higher than PULS's 5.37% 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. PULS - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is higher than PULS's 0.15% expense ratio.
Risk-Adjusted Performance
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.
Dividends
JAAAX vs. PULS - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.61%, less than PULS's 5.70% 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% |
PULS PGIM Ultra Short Bond ETF | 5.70% | 5.48% | 2.30% | 1.19% | 1.85% | 2.92% | 1.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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.
Volatility
JAAAX vs. PULS - Volatility Comparison
John Hancock Funds Alternative Asset Allocation Fund (JAAAX) has a higher volatility of 1.07% compared to PGIM Ultra Short Bond ETF (PULS) at 0.15%. This indicates that JAAAX's price experiences larger fluctuations and is considered to be riskier than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.