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JAAAX vs. SPBO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between JAAAX and SPBO is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.1

Performance

JAAAX vs. SPBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and SPDR Portfolio Corporate Bond ETF (SPBO). The values are adjusted to include any dividend payments, if applicable.

35.00%40.00%45.00%50.00%55.00%60.00%NovemberDecember2025FebruaryMarchApril
35.91%
57.11%
JAAAX
SPBO

Key characteristics

Sharpe Ratio

JAAAX:

0.61

SPBO:

1.24

Sortino Ratio

JAAAX:

0.82

SPBO:

1.76

Omega Ratio

JAAAX:

1.13

SPBO:

1.22

Calmar Ratio

JAAAX:

0.54

SPBO:

0.62

Martin Ratio

JAAAX:

2.48

SPBO:

4.02

Ulcer Index

JAAAX:

1.23%

SPBO:

1.93%

Daily Std Dev

JAAAX:

5.05%

SPBO:

6.27%

Max Drawdown

JAAAX:

-12.09%

SPBO:

-22.04%

Current Drawdown

JAAAX:

-2.89%

SPBO:

-5.47%

Returns By Period

In the year-to-date period, JAAAX achieves a -0.75% return, which is significantly lower than SPBO's 2.23% return. Over the past 10 years, JAAAX has outperformed SPBO with an annualized return of 2.74%, while SPBO has yielded a comparatively lower 2.48% annualized return.


JAAAX

YTD

-0.75%

1M

-1.31%

6M

-0.79%

1Y

2.92%

5Y*

4.40%

10Y*

2.74%

SPBO

YTD

2.23%

1M

0.15%

6M

1.57%

1Y

7.69%

5Y*

0.54%

10Y*

2.48%

*Annualized

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JAAAX vs. SPBO - Expense Ratio Comparison

JAAAX has a 0.72% expense ratio, which is higher than SPBO's 0.03% expense ratio.


Expense ratio chart for JAAAX: current value is 0.72%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
JAAAX: 0.72%
Expense ratio chart for SPBO: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPBO: 0.03%

Risk-Adjusted Performance

JAAAX vs. SPBO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JAAAX
The Risk-Adjusted Performance Rank of JAAAX is 6363
Overall Rank
The Sharpe Ratio Rank of JAAAX is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of JAAAX is 5858
Sortino Ratio Rank
The Omega Ratio Rank of JAAAX is 6161
Omega Ratio Rank
The Calmar Ratio Rank of JAAAX is 6868
Calmar Ratio Rank
The Martin Ratio Rank of JAAAX is 6666
Martin Ratio Rank

SPBO
The Risk-Adjusted Performance Rank of SPBO is 8181
Overall Rank
The Sharpe Ratio Rank of SPBO is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of SPBO is 8585
Sortino Ratio Rank
The Omega Ratio Rank of SPBO is 8383
Omega Ratio Rank
The Calmar Ratio Rank of SPBO is 7070
Calmar Ratio Rank
The Martin Ratio Rank of SPBO is 8181
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

JAAAX vs. SPBO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and SPDR Portfolio Corporate Bond ETF (SPBO). 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.


The chart of Sharpe ratio for JAAAX, currently valued at 0.61, compared to the broader market-1.000.001.002.003.00
JAAAX: 0.61
SPBO: 1.24
The chart of Sortino ratio for JAAAX, currently valued at 0.82, compared to the broader market-2.000.002.004.006.008.00
JAAAX: 0.82
SPBO: 1.76
The chart of Omega ratio for JAAAX, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.00
JAAAX: 1.13
SPBO: 1.22
The chart of Calmar ratio for JAAAX, currently valued at 0.54, compared to the broader market0.002.004.006.008.0010.00
JAAAX: 0.54
SPBO: 0.62
The chart of Martin ratio for JAAAX, currently valued at 2.48, compared to the broader market0.0010.0020.0030.0040.0050.00
JAAAX: 2.48
SPBO: 4.02

The current JAAAX Sharpe Ratio is 0.61, which is lower than the SPBO Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of JAAAX and SPBO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.61
1.24
JAAAX
SPBO

Dividends

JAAAX vs. SPBO - Dividend Comparison

JAAAX's dividend yield for the trailing twelve months is around 1.17%, less than SPBO's 5.23% yield.


TTM20242023202220212020201920182017201620152014
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%
SPBO
SPDR Portfolio Corporate Bond ETF
5.23%5.28%4.73%3.54%2.65%2.75%3.46%3.60%3.15%3.09%3.07%3.21%

Drawdowns

JAAAX vs. SPBO - Drawdown Comparison

The maximum JAAAX drawdown since its inception was -12.09%, smaller than the maximum SPBO drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for JAAAX and SPBO. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.89%
-5.47%
JAAAX
SPBO

Volatility

JAAAX vs. SPBO - Volatility Comparison

John Hancock Funds Alternative Asset Allocation Fund (JAAAX) and SPDR Portfolio Corporate Bond ETF (SPBO) have volatilities of 3.56% and 3.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%3.50%NovemberDecember2025FebruaryMarchApril
3.56%
3.41%
JAAAX
SPBO