JAKVX vs. HEFT

Last updated Apr 2, 2026

Compare and contrast key facts about John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) and Hedgeye Fourth Turning ETF (HEFT).

JAKVX is an actively managed fund by John Hancock. It was launched on Apr 11, 2014. HEFT is an actively managed fund by Hedgeye. It was launched on Nov 20, 2025.

Performance

JAKVX vs. HEFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) and Hedgeye Fourth Turning ETF (HEFT). The values are adjusted to include any dividend payments, if applicable.

JAKVX vs. HEFT - Yearly Performance Comparison

	2026 (YTD)	2025
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	5.90%	2.74%
HEFT Hedgeye Fourth Turning ETF	5.26%	0.98%

Returns By Period

In the year-to-date period, JAKVX achieves a 5.90% return, which is significantly higher than HEFT's 5.26% return.

JAKVX

• 1D: 1.43%
• 1M: -3.13%
• YTD: 5.90%
• 6M: 7.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEFT

• 1D: -0.04%
• 1M: -3.48%
• YTD: 5.26%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JAKVX vs. HEFT - Expense Ratio Comparison

JAKVX has a 1.54% expense ratio, which is higher than HEFT's 0.70% expense ratio.

JAKVX

John Hancock Disciplined Value Global Long/Short Fund Class R6

HEFT

Hedgeye Fourth Turning ETF

Return for Risk

JAKVX vs. HEFT - 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 Hedgeye Fourth Turning ETF (HEFT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JAKVX	HEFT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.68	1.44	+2.24

Correlation

The correlation between JAKVX and HEFT is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JAKVX vs. HEFT - Dividend Comparison

JAKVX's dividend yield for the trailing twelve months is around 8.00%, more than HEFT's 0.02% yield.

	TTM	2025
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	8.00%	8.47%
HEFT Hedgeye Fourth Turning ETF	0.02%	0.02%

Drawdowns

JAKVX vs. HEFT - Drawdown Comparison

The maximum JAKVX drawdown since its inception was -5.16%, smaller than the maximum HEFT drawdown of -6.57%. Use the drawdown chart below to compare losses from any high point for JAKVX and HEFT.

Drawdown Indicators

	JAKVX	HEFT	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-6.57%	+1.41%
Current Drawdown Current decline from peak	-3.40%	-5.03%	+1.63%
Average Drawdown Average peak-to-trough decline	-0.81%	-2.00%	+1.19%

Volatility

Volatility by Period

	JAKVX	HEFT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.24%	13.37%	-6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.24%	13.37%	-6.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.24%	13.37%	-6.13%