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.
Performance
JAAAX vs. SCHX - Performance Comparison
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JAAAX vs. SCHX - 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% |
SCHX Schwab U.S. Large-Cap ETF | -3.70% | 17.46% | 24.88% | 26.84% | -19.41% | 26.81% | 20.81% | 31.22% | -4.66% | 21.95% |
Returns By Period
In the year-to-date period, JAAAX achieves a 2.52% return, which is significantly higher than SCHX's -3.70% return. Over the past 10 years, JAAAX has underperformed SCHX with an annualized return of 4.05%, while SCHX has yielded a comparatively higher 14.02% 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%
SCHX
- 1D
- 0.78%
- 1M
- -4.31%
- YTD
- -3.70%
- 6M
- -1.70%
- 1Y
- 17.91%
- 3Y*
- 18.55%
- 5Y*
- 11.30%
- 10Y*
- 14.02%
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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.
Return for Risk
JAAAX vs. SCHX — Risk / Return Rank
JAAAX
SCHX
JAAAX vs. SCHX - Risk-Adjusted Trends 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.
| JAAAX | SCHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 0.98 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.35 | 1.50 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.23 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.51 | +0.37 |
Martin ratioReturn relative to average drawdown | 9.41 | 7.02 | +2.39 |
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 | SCHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.98 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.66 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.78 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.80 | +0.04 |
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.
Dividends
JAAAX vs. SCHX - Dividend Comparison
JAAAX's dividend yield for the trailing twelve months is around 1.49%, more than SCHX's 1.16% 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% |
SCHX Schwab U.S. Large-Cap ETF | 1.16% | 1.09% | 1.22% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.02% | 1.70% | 1.92% | 2.04% |
Drawdowns
JAAAX vs. SCHX - Drawdown Comparison
The maximum JAAAX drawdown since its inception was -15.72%, 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.
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Drawdown Indicators
| JAAAX | SCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -34.33% | +18.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -12.19% | +7.76% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -25.41% | +19.13% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -34.33% | +21.69% |
Current DrawdownCurrent decline from peak | -1.61% | -5.67% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -4.00% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.62% | -1.74% |
Volatility
JAAAX vs. SCHX - Volatility Comparison
The current volatility for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) is 1.16%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 5.36%. 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.
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Volatility by Period
| JAAAX | SCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 5.36% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 9.67% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 18.33% | -13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.22% | 17.13% | -12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 18.13% | -13.75% |