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 0.83, 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:
2.11
SCHX:
1.91
JAAAX:
2.93
SCHX:
2.56
JAAAX:
1.40
SCHX:
1.35
JAAAX:
3.26
SCHX:
2.88
JAAAX:
12.58
SCHX:
11.78
JAAAX:
0.60%
SCHX:
2.09%
JAAAX:
3.61%
SCHX:
12.88%
JAAAX:
-12.09%
SCHX:
-34.33%
JAAAX:
0.00%
SCHX:
0.00%
Returns By Period
In the year-to-date period, JAAAX achieves a 2.14% return, which is significantly lower than SCHX's 4.75% return. Over the past 10 years, JAAAX has underperformed SCHX with an annualized return of 3.08%, while SCHX has yielded a comparatively higher 15.75% annualized return.
JAAAX
2.14%
0.93%
3.13%
7.80%
3.86%
3.08%
SCHX
4.75%
2.40%
10.58%
25.96%
16.50%
15.75%
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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 Rank
JAAAX
SCHX
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 1.14%, less than SCHX's 1.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.14% | 1.16% | 1.72% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% | 2.00% |
SCHX Schwab U.S. Large-Cap ETF | 1.73% | 1.81% | 3.54% | 4.07% | 3.14% | 2.38% | 3.86% | 3.17% | 4.27% | 3.51% | 4.09% | 4.40% |
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 0.76%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 2.99%. 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.