JAKRX vs. WALSX
JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) and WALSX (Wasatch Long/Short Alpha Fund) are both Long-Short funds. Over the past year, JAKRX returned 26.01% vs -4.34% for WALSX. At a 0.26 correlation, their price movements are largely independent. JAKRX charges 1.91%/yr vs 1.75%/yr for WALSX.
Performance
JAKRX vs. WALSX - Performance Comparison
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Returns By Period
In the year-to-date period, JAKRX achieves a 12.80% return, which is significantly higher than WALSX's 5.95% return.
JAKRX
- 1D
- -0.44%
- 1M
- 1.00%
- YTD
- 12.80%
- 6M
- 13.69%
- 1Y
- 26.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WALSX
- 1D
- 0.62%
- 1M
- 0.46%
- YTD
- 5.95%
- 6M
- 4.67%
- 1Y
- -4.34%
- 3Y*
- 6.41%
- 5Y*
- —
- 10Y*
- —
JAKRX vs. WALSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 12.80% | 17.04% |
WALSX Wasatch Long/Short Alpha Fund | 5.95% | -6.83% |
Correlation
The correlation between JAKRX and WALSX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.26 |
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Return for Risk
JAKRX vs. WALSX — Risk / Return Rank
JAKRX
WALSX
JAKRX vs. WALSX - 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 Wasatch Long/Short Alpha Fund (WALSX). 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 | WALSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.81 | ||
| Sortino ratioReturn per unit of downside risk | +5.34 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 0.97 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 5.14 | -0.27 | +5.41 |
| Martin ratioReturn relative to average drawdown | 18.09 | -0.51 | +18.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JAKRX | WALSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.58 | -0.23 | +3.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.97 | 0.36 | +3.61 |
Drawdowns
JAKRX vs. WALSX - Drawdown Comparison
The maximum JAKRX drawdown since its inception was -5.16%, smaller than the maximum WALSX drawdown of -25.28%. Use the drawdown chart below to compare losses from any high point for JAKRX and WALSX.
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Drawdown Indicators
| JAKRX | WALSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.16% | -25.28% | +20.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -13.42% | +8.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.28% | — |
Current DrawdownCurrent decline from peak | -0.66% | -18.65% | +17.99% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -9.53% | +8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 7.13% | -5.67% |
Volatility
JAKRX vs. WALSX - Volatility Comparison
The current volatility for John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) is 2.41%, while Wasatch Long/Short Alpha Fund (WALSX) has a volatility of 4.12%. This indicates that JAKRX experiences smaller price fluctuations and is considered to be less risky than WALSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAKRX | WALSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 4.12% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 11.82% | -5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.43% | 15.85% | -8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.29% | 16.37% | -9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.29% | 16.37% | -9.08% |
JAKRX vs. WALSX - Expense Ratio Comparison
JAKRX has a 1.91% expense ratio, which is higher than WALSX's 1.75% expense ratio.
Dividends
JAKRX vs. WALSX - Dividend Comparison
JAKRX's dividend yield for the trailing twelve months is around 7.18%, while WALSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 7.18% | 8.10% | 0.00% | 0.00% | 0.00% |
WALSX Wasatch Long/Short Alpha Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% |
Frequently Asked Questions
JAKRX and WALSX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WALSX has higher volatility (4.12%) compared to JAKRX (2.41%). In terms of maximum drawdown, JAKRX dropped -5.16% vs WALSX's -25.28%.
JAKRX currently has the higher Sharpe Ratio (3.58 vs -0.23), 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.
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