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:
0.61
SCHX:
0.61
JAAAX:
0.82
SCHX:
0.96
JAAAX:
1.13
SCHX:
1.14
JAAAX:
0.54
SCHX:
0.62
JAAAX:
2.48
SCHX:
2.51
JAAAX:
1.23%
SCHX:
4.72%
JAAAX:
5.05%
SCHX:
19.50%
JAAAX:
-12.09%
SCHX:
-34.33%
JAAAX:
-2.89%
SCHX:
-10.07%
Returns By Period
In the year-to-date period, JAAAX achieves a -0.75% return, which is significantly higher than SCHX's -5.81% return. Over the past 10 years, JAAAX has underperformed SCHX with an annualized return of 2.74%, while SCHX has yielded a comparatively higher 13.43% annualized return.
JAAAX
-0.75%
-1.31%
-0.79%
2.92%
4.40%
2.74%
SCHX
-5.81%
-0.87%
-4.46%
11.10%
16.06%
13.43%
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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 1.17%, less than SCHX's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.17% | 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 | 1.30% | 1.22% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.17% | 1.70% | 1.93% | 2.04% | 1.76% |
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 3.56%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 14.08%. 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.