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.
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
Key characteristics
JAAAX:
1.83
SCHX:
2.13
JAAAX:
2.47
SCHX:
2.84
JAAAX:
1.38
SCHX:
1.39
JAAAX:
2.99
SCHX:
3.19
JAAAX:
11.93
SCHX:
13.92
JAAAX:
0.58%
SCHX:
1.96%
JAAAX:
3.79%
SCHX:
12.77%
JAAAX:
-12.09%
SCHX:
-34.33%
JAAAX:
-0.68%
SCHX:
-2.20%
Returns By Period
In the year-to-date period, JAAAX achieves a 7.02% return, which is significantly lower than SCHX's 27.64% return. Over the past 10 years, JAAAX has underperformed SCHX with an annualized return of 3.02%, while SCHX has yielded a comparatively higher 15.60% annualized return.
JAAAX
7.02%
-0.12%
3.00%
7.02%
3.68%
3.02%
SCHX
27.64%
-0.68%
10.62%
27.19%
16.58%
15.60%
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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 has not paid dividends to shareholders, while SCHX's dividend yield for the trailing twelve months is around 2.37%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 0.00% | 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 | 2.37% | 2.07% | 3.13% | 3.14% | 3.20% | 4.61% | 5.31% | 3.40% | 3.95% | 4.09% | 2.70% | 2.33% |
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 1.08%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 4.22%. 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.