JAKVX vs. ALLW
JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) and ALLW (State Street Bridgewater All Weather ETF) are both funds - JAKVX is a Long-Short fund actively managed by John Hancock, while ALLW is a Tactical Allocation fund actively managed by State Street. Both are actively managed. Over the past year, JAKVX returned 20.05% vs 19.05% for ALLW. A 0.59 correlation means they provide meaningful diversification when combined. JAKVX charges 1.54%/yr vs 0.85%/yr for ALLW.
Performance
JAKVX vs. ALLW - Performance Comparison
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Returns By Period
In the year-to-date period, JAKVX achieves a 9.63% return, which is significantly higher than ALLW's 7.06% return.
JAKVX
- 1D
- -1.07%
- 1M
- -2.33%
- YTD
- 9.63%
- 6M
- 10.46%
- 1Y
- 20.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ALLW
- 1D
- -0.60%
- 1M
- -1.40%
- YTD
- 7.06%
- 6M
- 6.75%
- 1Y
- 19.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JAKVX vs. ALLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 9.63% | 17.29% |
ALLW State Street Bridgewater All Weather ETF | 7.06% | 14.93% |
Correlation
The correlation between JAKVX and ALLW is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.59 |
The correlation between JAKVX and ALLW has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
JAKVX vs. ALLW — Risk / Return Rank
JAKVX
ALLW
JAKVX vs. ALLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) and State Street Bridgewater All Weather ETF (ALLW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JAKVX | ALLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.32 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 2.64 | +1.17 |
| Martin ratioReturn relative to average drawdown | 12.82 | 10.61 | +2.21 |
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Drawdowns
JAKVX vs. ALLW - Drawdown Comparison
The maximum JAKVX drawdown since its inception was -5.16%, smaller than the maximum ALLW drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for JAKVX and ALLW.
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Drawdown Indicators
| JAKVX | ALLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.16% | -8.78% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -7.23% | +2.07% |
Current DrawdownCurrent decline from peak | -3.87% | -2.74% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -1.25% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.80% | -0.27% |
Volatility
JAKVX vs. ALLW - Volatility Comparison
The current volatility for John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) is 2.81%, while State Street Bridgewater All Weather ETF (ALLW) has a volatility of 3.88%. This indicates that JAKVX experiences smaller price fluctuations and is considered to be less risky than ALLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAKVX | ALLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 3.88% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.33% | 9.30% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 11.02% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 12.69% | -5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.56% | 12.69% | -5.13% |
JAKVX vs. ALLW - Expense Ratio Comparison
JAKVX has a 1.54% expense ratio, which is higher than ALLW's 0.85% expense ratio.
Dividends
JAKVX vs. ALLW - Dividend Comparison
JAKVX's dividend yield for the trailing twelve months is around 7.73%, more than ALLW's 4.37% yield.
| Position | TTM | 2025 |
|---|---|---|
ALLW State Street Bridgewater All Weather ETF | 4.37% | 4.67% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.73% | 8.47% |
Frequently Asked Questions
JAKVX and ALLW have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALLW has higher volatility (3.88%) compared to JAKVX (2.81%). In terms of maximum drawdown, JAKVX dropped -5.16% vs ALLW's -8.78%.
JAKVX currently has the higher Sharpe Ratio (2.53 vs 1.74), 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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