JAAAX vs. QRPIX
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and AQR Alternative Risk Premia Fund (QRPIX).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. QRPIX is managed by AQR Funds. It was launched on Sep 18, 2017.
Performance
JAAAX vs. QRPIX - Performance Comparison
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JAAAX vs. QRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 2.10% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -3.36% |
QRPIX AQR Alternative Risk Premia Fund | 8.52% | 23.39% | 18.85% | 7.23% | 25.26% | 14.27% | -21.04% | -2.98% | -4.46% |
Returns By Period
In the year-to-date period, JAAAX achieves a 2.10% return, which is significantly lower than QRPIX's 8.52% 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%
QRPIX
- 1D
- 0.00%
- 1M
- -0.80%
- YTD
- 8.52%
- 6M
- 13.42%
- 1Y
- 20.08%
- 3Y*
- 19.92%
- 5Y*
- 17.54%
- 10Y*
- —
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JAAAX vs. QRPIX - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is lower than QRPIX's 1.40% expense ratio.
Return for Risk
JAAAX vs. QRPIX — Risk / Return Rank
JAAAX
QRPIX
JAAAX vs. QRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and AQR Alternative Risk Premia Fund (QRPIX). 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 | QRPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.82 | -0.14 |
Sortino ratioReturn per unit of downside risk | 2.25 | 2.23 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.88 | -0.20 |
Martin ratioReturn relative to average drawdown | 8.43 | 6.37 | +2.06 |
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 | QRPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.82 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 1.50 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.74 | +0.09 |
Correlation
The correlation between JAAAX and QRPIX is 0.05, 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.
Dividends
JAAAX vs. QRPIX - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.50%, more than QRPIX's 1.33% 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% |
QRPIX AQR Alternative Risk Premia Fund | 1.33% | 1.45% | 2.24% | 4.52% | 0.00% | 4.08% | 1.98% | 0.85% | 0.09% | 0.00% | 0.00% | 0.00% |
Drawdowns
JAAAX vs. QRPIX - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -15.72%, smaller than the maximum QRPIX drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for JAAAX and QRPIX.
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Drawdown Indicators
| JAAAX | QRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -28.45% | +12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -11.07% | +6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -11.29% | +5.01% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -0.93% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -7.80% | +5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 3.26% | -2.38% |
Volatility
JAAAX vs. QRPIX - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.04%, while AQR Alternative Risk Premia Fund (QRPIX) has a volatility of 2.51%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than QRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAAAX | QRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 2.51% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 6.47% | -3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 11.44% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.21% | 11.74% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 10.36% | -5.99% |