JAKVX vs. WTLS

Last updated Jun 4, 2026

JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) and WTLS (WisdomTree Efficient Long/Short US Equity Fund) are both Long-Short funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. JAKVX charges 1.54%/yr vs 0.88%/yr for WTLS.

Performance

JAKVX vs. WTLS - 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 WisdomTree Efficient Long/Short US Equity Fund (WTLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JAKVX

• 1D: 0.11%
• 1M: 1.84%
• YTD: 13.49%
• 6M: 14.31%
• 1Y: 27.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WTLS

• 1D: -1.04%
• 1M: 9.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JAKVX vs. WTLS - Yearly Performance Comparison

	2026 (YTD)
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	9.74%
WTLS WisdomTree Efficient Long/Short US Equity Fund	20.44%

Correlation

The correlation between JAKVX and WTLS is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	0.52

Return for Risk

JAKVX vs. WTLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JAKVX

JAKVX Risk / Return Rank: 94
JAKVX Sharpe Ratio Rank: 97
JAKVX Sortino Ratio Rank: 96
JAKVX Omega Ratio Rank: 94
JAKVX Calmar Ratio Rank: 93
JAKVX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JAKVX vs. WTLS - 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 WisdomTree Efficient Long/Short US Equity Fund (WTLS). 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	WTLS	Difference
Sharpe ratio: Return per unit of total volatility	3.67	—	—
Sortino ratio: Return per unit of downside risk	5.22	—	—
Omega ratio: Gain probability vs. loss probability	1.74	—	—
Calmar ratio: Return relative to maximum drawdown	5.30	—	—
Martin ratio: Return relative to average drawdown	18.62	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JAKVX	WTLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.10	3.67	+0.43

Drawdowns

JAKVX vs. WTLS - Drawdown Comparison

The maximum JAKVX drawdown since its inception was -5.16%, smaller than the maximum WTLS drawdown of -8.94%. Use the drawdown chart below to compare losses from any high point for JAKVX and WTLS.

Drawdown Indicators

	JAKVX	WTLS	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-8.94%	+3.78%
Max Drawdown (1Y) Largest decline over 1 year	-5.16%	—	—
Current Drawdown Current decline from peak	-0.22%	-1.04%	+0.82%
Average Drawdown Average peak-to-trough decline	-0.80%	-1.78%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	—	—

Volatility

Volatility by Period

	JAKVX	WTLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.49%	18.47%	-10.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.32%	18.47%	-11.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.32%	18.47%	-11.15%

JAKVX vs. WTLS - Expense Ratio Comparison

JAKVX has a 1.54% expense ratio, which is higher than WTLS's 0.88% expense ratio.

Dividends

JAKVX vs. WTLS - Dividend Comparison

JAKVX's dividend yield for the trailing twelve months is around 7.47%, while WTLS has not paid dividends to shareholders.

Position	TTM	2025
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	7.47%	8.47%
WTLS WisdomTree Efficient Long/Short US Equity Fund	0.00%	0.00%

Frequently Asked Questions

Can I hold both JAKVX and WTLS in my portfolio?

JAKVX and WTLS have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.