JAKVX vs. HFMF

Last updated Apr 2, 2026

Compare and contrast key facts about John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) and Unlimited HFMF Managed Futures ETF (HFMF).

JAKVX is an actively managed fund by John Hancock. It was launched on Apr 11, 2014. HFMF is an actively managed fund by Unlimited. It was launched on Jul 14, 2025.

Performance

JAKVX vs. HFMF - 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 Unlimited HFMF Managed Futures ETF (HFMF). The values are adjusted to include any dividend payments, if applicable.

JAKVX vs. HFMF - Yearly Performance Comparison

	2026 (YTD)	2025
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	5.90%	8.35%
HFMF Unlimited HFMF Managed Futures ETF	12.13%	6.34%

Returns By Period

In the year-to-date period, JAKVX achieves a 5.90% return, which is significantly lower than HFMF's 12.13% return.

JAKVX

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

HFMF

• 1D: 0.34%
• 1M: -2.22%
• YTD: 12.13%
• 6M: 13.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JAKVX vs. HFMF - Expense Ratio Comparison

JAKVX has a 1.54% expense ratio, which is higher than HFMF's 0.97% expense ratio.

JAKVX

John Hancock Disciplined Value Global Long/Short Fund Class R6

HFMF

Unlimited HFMF Managed Futures ETF

Return for Risk

JAKVX vs. HFMF - 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 Unlimited HFMF Managed Futures ETF (HFMF). 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	HFMF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.68	1.59	+2.09

Correlation

The correlation between JAKVX and HFMF is 0.65, 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. HFMF - Dividend Comparison

JAKVX's dividend yield for the trailing twelve months is around 8.00%, more than HFMF's 2.65% yield.

	TTM	2025
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	8.00%	8.47%
HFMF Unlimited HFMF Managed Futures ETF	2.65%	2.97%

Drawdowns

JAKVX vs. HFMF - Drawdown Comparison

The maximum JAKVX drawdown since its inception was -5.16%, smaller than the maximum HFMF drawdown of -7.77%. Use the drawdown chart below to compare losses from any high point for JAKVX and HFMF.

Drawdown Indicators

	JAKVX	HFMF	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-7.77%	+2.61%
Current Drawdown Current decline from peak	-3.40%	-6.16%	+2.76%
Average Drawdown Average peak-to-trough decline	-0.81%	-1.73%	+0.92%

Volatility

Volatility by Period

	JAKVX	HFMF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.24%	17.61%	-10.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.24%	17.61%	-10.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.24%	17.61%	-10.37%