JAAAX vs. SCHX
Compare and contrast key facts about John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and Schwab U.S. Large-Cap ETF (SCHX).
JAAAX is managed by John Hancock. It was launched on Jan 1, 2009. SCHX is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Total Stock Market Index. It was launched on Nov 3, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAAX or SCHX.
Key characteristics
| JAAAX | SCHX | |
|---|---|---|
| YTD Return | 6.82% | 28.15% |
| 1Y Return | 9.38% | 39.52% |
| 3Y Return (Ann) | 2.94% | 11.51% |
| 5Y Return (Ann) | 3.99% | 17.59% |
| 10Y Return (Ann) | 2.92% | 15.13% |
| Sharpe Ratio | 2.60 | 3.34 |
| Sortino Ratio | 3.52 | 4.41 |
| Omega Ratio | 1.58 | 1.63 |
| Calmar Ratio | 4.16 | 4.88 |
| Martin Ratio | 17.68 | 21.99 |
| Ulcer Index | 0.55% | 1.90% |
| Daily Std Dev | 3.72% | 12.43% |
| Max Drawdown | -12.09% | -34.33% |
| Current Drawdown | -0.31% | 0.00% |
Correlation
The correlation between JAAAX and SCHX is 0.82, 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.
Performance
JAAAX vs. SCHX - Performance Comparison
In the year-to-date period, JAAAX achieves a 6.82% return, which is significantly lower than SCHX's 28.15% return. Over the past 10 years, JAAAX has underperformed SCHX with an annualized return of 2.92%, while SCHX has yielded a comparatively higher 15.13% annualized 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. SCHX - Expense Ratio Comparison
JAAAX has a 0.72% expense ratio, which is higher than SCHX's 0.03% expense ratio.
Risk-Adjusted Performance
JAAAX vs. SCHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and Schwab U.S. Large-Cap ETF (SCHX). 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. SCHX - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.61%, more than SCHX's 1.17% 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% |
SCHX Schwab U.S. Large-Cap ETF | 1.17% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.17% | 1.70% | 1.92% | 2.04% | 1.76% | 1.65% |
Drawdowns
JAAAX vs. SCHX - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -12.09%, smaller than the maximum SCHX drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for JAAAX and SCHX. For additional features, visit the drawdowns tool.
Volatility
JAAAX vs. SCHX - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.07%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 4.05%. This indicates that JAAAX experiences smaller price fluctuations and is considered to be less risky than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.