JAKRX vs. VMNIX

Last updated Jun 5, 2026

JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) and VMNIX (Vanguard Market Neutral Fund Institutional Shares) are both Long-Short funds. Over the past year, JAKRX returned 26.01% vs 18.48% for VMNIX. At a correlation of -0.09, they often move in opposite directions. JAKRX charges 1.91%/yr vs 1.25%/yr for VMNIX.

Performance

JAKRX vs. VMNIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAKRX achieves a 12.80% return, which is significantly higher than VMNIX's 12.09% return.

JAKRX

• 1D: -0.44%
• 1M: 1.00%
• YTD: 12.80%
• 6M: 13.69%
• 1Y: 26.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VMNIX

• 1D: 0.00%
• 1M: 0.52%
• YTD: 12.09%
• 6M: 14.85%
• 1Y: 18.48%
• 3Y*: 13.30%
• 5Y*: 13.06%
• 10Y*: 5.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JAKRX vs. VMNIX - Yearly Performance Comparison

	2026 (YTD)	2025
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A	12.80%	17.04%
VMNIX Vanguard Market Neutral Fund Institutional Shares	12.09%	9.31%

Correlation

The correlation between JAKRX and VMNIX is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	-0.09

Return for Risk

JAKRX vs. VMNIX — Risk / Return Rank

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

JAKRX

JAKRX Risk / Return Rank: 93
JAKRX Sharpe Ratio Rank: 96
JAKRX Sortino Ratio Rank: 95
JAKRX Omega Ratio Rank: 93
JAKRX Calmar Ratio Rank: 93
JAKRX Martin Ratio Rank: 90

VMNIX

VMNIX Risk / Return Rank: 67
VMNIX Sharpe Ratio Rank: 65
VMNIX Sortino Ratio Rank: 71
VMNIX Omega Ratio Rank: 60
VMNIX Calmar Ratio Rank: 84
VMNIX Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JAKRX vs. VMNIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX). 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.

	JAKRX	VMNIX	Difference
Sharpe ratio: Return per unit of total volatility	3.58	2.35	+1.23
Sortino ratio: Return per unit of downside risk	5.11	3.53	+1.58
Omega ratio: Gain probability vs. loss probability	1.72	1.43	+0.29
Calmar ratio: Return relative to maximum drawdown	5.14	3.90	+1.24
Martin ratio: Return relative to average drawdown	18.09	10.91	+7.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAKRX vs. VMNIX - Sharpe Ratio Comparison

The current JAKRX Sharpe Ratio is 3.58, which is higher than the VMNIX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of JAKRX and VMNIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JAKRX	VMNIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.58	2.35	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.97	0.34	+3.63

Drawdowns

JAKRX vs. VMNIX - Drawdown Comparison

The maximum JAKRX drawdown since its inception was -5.16%, smaller than the maximum VMNIX drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for JAKRX and VMNIX.

Drawdown Indicators

	JAKRX	VMNIX	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-27.90%	+22.74%
Max Drawdown (1Y) Largest decline over 1 year	-5.16%	-4.67%	-0.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.95%	—
Current Drawdown Current decline from peak	-0.66%	0.00%	-0.66%
Average Drawdown Average peak-to-trough decline	-0.80%	-8.76%	+7.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	1.67%	-0.21%

Volatility

JAKRX vs. VMNIX - Volatility Comparison

John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) has a higher volatility of 2.41% compared to Vanguard Market Neutral Fund Institutional Shares (VMNIX) at 2.00%. This indicates that JAKRX's price experiences larger fluctuations and is considered to be riskier than VMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAKRX	VMNIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	2.00%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	5.86%	5.72%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	7.43%	7.77%	-0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.29%	7.22%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.29%	6.40%	+0.89%

JAKRX vs. VMNIX - Expense Ratio Comparison

JAKRX has a 1.91% expense ratio, which is higher than VMNIX's 1.25% expense ratio.

Dividends

JAKRX vs. VMNIX - Dividend Comparison

JAKRX's dividend yield for the trailing twelve months is around 7.18%, more than VMNIX's 3.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A	7.18%	8.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VMNIX Vanguard Market Neutral Fund Institutional Shares	3.19%	3.59%	5.67%	5.15%	0.78%	0.20%	0.86%	3.23%	1.00%	1.16%	0.45%	0.10%

Frequently Asked Questions

Can I hold both JAKRX and VMNIX in my portfolio?

JAKRX and VMNIX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAKRX or VMNIX?

JAKRX has higher volatility (2.41%) compared to VMNIX (2.00%). In terms of maximum drawdown, JAKRX dropped -5.16% vs VMNIX's -27.90%.

Which has better risk-adjusted returns?

JAKRX currently has the higher Sharpe Ratio (3.58 vs 2.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.