JAKVX vs. WALSX
JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) and WALSX (Wasatch Long/Short Alpha Fund) are both Long-Short funds. Over the past year, JAKVX returned 26.35% vs -4.34% for WALSX. At a 0.26 correlation, their price movements are largely independent. JAKVX charges 1.54%/yr vs 1.75%/yr for WALSX.
Performance
JAKVX vs. WALSX - Performance Comparison
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Returns By Period
In the year-to-date period, JAKVX achieves a 12.93% return, which is significantly higher than WALSX's 5.95% return.
JAKVX
- 1D
- -0.49%
- 1M
- 1.00%
- YTD
- 12.93%
- 6M
- 13.88%
- 1Y
- 26.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WALSX
- 1D
- 0.62%
- 1M
- 0.46%
- YTD
- 5.95%
- 6M
- 4.67%
- 1Y
- -4.34%
- 3Y*
- 6.41%
- 5Y*
- —
- 10Y*
- —
JAKVX vs. WALSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 12.93% | 17.29% |
WALSX Wasatch Long/Short Alpha Fund | 5.95% | -6.83% |
Correlation
The correlation between JAKVX 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
JAKVX vs. WALSX — Risk / Return Rank
JAKVX
WALSX
JAKVX 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 R6 (JAKVX) 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.
| JAKVX | WALSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.84 | ||
| Sortino ratioReturn per unit of downside risk | +5.36 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 0.97 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | -0.27 | +5.50 |
| Martin ratioReturn relative to average drawdown | 18.35 | -0.51 | +18.86 |
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
| JAKVX | WALSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.61 | -0.23 | +3.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.00 | 0.36 | +3.64 |
Drawdowns
JAKVX vs. WALSX - Drawdown Comparison
The maximum JAKVX 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 JAKVX and WALSX.
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Drawdown Indicators
| JAKVX | 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 | -0.71% | -18.65% | +17.94% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -9.53% | +8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 7.13% | -5.66% |
Volatility
JAKVX vs. WALSX - Volatility Comparison
The current volatility for John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) is 2.50%, while Wasatch Long/Short Alpha Fund (WALSX) has a volatility of 4.12%. This indicates that JAKVX 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
| JAKVX | WALSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 4.12% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | 11.82% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 15.85% | -8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 16.37% | -9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 16.37% | -9.04% |
JAKVX vs. WALSX - Expense Ratio Comparison
JAKVX has a 1.54% expense ratio, which is lower than WALSX's 1.75% expense ratio.
Dividends
JAKVX vs. WALSX - Dividend Comparison
JAKVX's dividend yield for the trailing twelve months is around 7.50%, while WALSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.50% | 8.47% | 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
JAKVX 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 JAKVX (2.50%). In terms of maximum drawdown, JAKVX dropped -5.16% vs WALSX's -25.28%.
JAKVX currently has the higher Sharpe Ratio (3.61 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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