JAKVX vs. HFMF
JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) and HFMF (Unlimited HFMF Managed Futures ETF) are both funds - JAKVX is a Long-Short fund actively managed by John Hancock, while HFMF is a Systematic Trend fund actively managed by Unlimited. Both are actively managed. Over the past year, JAKVX returned 23.14% vs 10.42% for HFMF. Their 0.43 correlation means their historical movements had little consistent relationship. JAKVX charges 1.54%/yr vs 0.97%/yr for HFMF.
Performance
JAKVX vs. HFMF - Performance Comparison
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Returns By Period
In the year-to-date period, JAKVX achieves a 12.74% return, which is significantly higher than HFMF's 3.42% return.
JAKVX
- 1D
- 0.89%
- 1M
- 1.74%
- 6M
- 6.96%
- YTD
- 12.74%
- 1Y
- 23.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.96%
HFMF
- 1D
- -0.22%
- 1M
- 1.45%
- 6M
- -5.24%
- YTD
- 3.42%
- 1Y
- 10.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $110.86K | $119.38K | $221.46K | |
| $0.00 | $0.00 | $0.00 |
JAKVX vs. HFMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 12.74% | 8.48% |
HFMF Unlimited HFMF Managed Futures ETF | 3.42% | 6.34% |
Correlation
The correlation between JAKVX and HFMF is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.43 |
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Return for Risk
JAKVX vs. HFMF — Risk / Return Rank
JAKVX
HFMF
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.
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 | HFMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.13 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 0.71 | +3.56 |
| Martin ratioReturn relative to average drawdown | 12.85 | 1.66 | +11.19 |
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Drawdowns
JAKVX vs. HFMF - Drawdown Comparison
The maximum JAKVX drawdown since its inception was -5.16%, smaller than the maximum HFMF drawdown of -14.69%. Use the drawdown chart below to compare losses from any high point for JAKVX and HFMF.
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Drawdown Indicators
| JAKVX | HFMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.16% | -14.69% | +9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -14.69% | +9.53% |
Current DrawdownCurrent decline from peak | -1.14% | -13.45% | +12.31% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -4.30% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 6.30% | -4.59% |
Volatility
JAKVX vs. HFMF - Volatility Comparison
The current volatility for John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) is 1.85%, while Unlimited HFMF Managed Futures ETF (HFMF) has a volatility of 3.55%. This indicates that JAKVX experiences smaller price fluctuations and is considered to be less risky than HFMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAKVX | HFMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 3.55% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 12.26% | -5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.92% | 16.26% | -8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 15.96% | -8.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.48% | 15.96% | -8.48% |
JAKVX vs. HFMF - Expense Ratio Comparison
JAKVX has a 1.54% expense ratio, which is higher than HFMF's 0.97% expense ratio.
Dividends
JAKVX vs. HFMF - Dividend Comparison
JAKVX's dividend yield for the trailing twelve months is around 7.52%, more than HFMF's 2.87% yield.
| Position | TTM | 2025 |
|---|---|---|
HFMF Unlimited HFMF Managed Futures ETF | 2.87% | 2.97% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.52% | 8.47% |
Frequently Asked Questions
JAKVX and HFMF have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFMF has higher volatility (3.55%) compared to JAKVX (1.85%). In terms of maximum drawdown, JAKVX dropped -5.16% vs HFMF's -14.69%.
JAKVX currently has the higher Sharpe Ratio (2.78 vs 0.64), 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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