JDJIX vs. JAKVX
JDJIX (JHancock Diversified Macro Fund) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both mutual funds - JDJIX is a Macro Trading fund managed by John Hancock, while JAKVX is a Long-Short fund actively managed by John Hancock. Over the past year, JDJIX returned 9.34% vs 20.32% for JAKVX. At a 0.28 correlation, their price movements are largely independent. JDJIX charges 1.39%/yr vs 1.54%/yr for JAKVX.
Performance
JDJIX vs. JAKVX - Performance Comparison
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Returns By Period
In the year-to-date period, JDJIX achieves a 10.58% return, which is significantly higher than JAKVX's 9.88% return.
JDJIX
- 1D
- 0.22%
- 1M
- 0.33%
- YTD
- 10.58%
- 6M
- 10.31%
- 1Y
- 9.34%
- 3Y*
- 1.84%
- 5Y*
- 3.16%
- 10Y*
- —
JAKVX
- 1D
- 0.23%
- 1M
- -2.10%
- YTD
- 9.88%
- 6M
- 10.16%
- 1Y
- 20.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JDJIX vs. JAKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JDJIX JHancock Diversified Macro Fund | 10.58% | -1.23% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 9.88% | 17.29% |
Correlation
The correlation between JDJIX and JAKVX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.28 |
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Return for Risk
JDJIX vs. JAKVX — Risk / Return Rank
JDJIX
JAKVX
JDJIX vs. JAKVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JHancock Diversified Macro Fund (JDJIX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX). 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.
| JDJIX | JAKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.51 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.96 | -2.38 |
| Martin ratioReturn relative to average drawdown | 4.09 | 13.15 | -9.06 |
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Drawdowns
JDJIX vs. JAKVX - Drawdown Comparison
The maximum JDJIX drawdown since its inception was -19.58%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for JDJIX and JAKVX.
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Drawdown Indicators
| JDJIX | JAKVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.58% | -5.16% | -14.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -5.16% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.58% | — | — |
Current DrawdownCurrent decline from peak | -9.93% | -3.65% | -6.28% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -0.85% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.55% | +0.64% |
Volatility
JDJIX vs. JAKVX - Volatility Comparison
JHancock Diversified Macro Fund (JDJIX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) have volatilities of 2.74% and 2.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDJIX | JAKVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 2.82% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 5.43% | 6.32% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.97% | 7.79% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 7.55% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 7.55% | +1.59% |
JDJIX vs. JAKVX - Expense Ratio Comparison
JDJIX has a 1.39% expense ratio, which is lower than JAKVX's 1.54% expense ratio.
Dividends
JDJIX vs. JAKVX - Dividend Comparison
JDJIX's dividend yield for the trailing twelve months is around 0.28%, less than JAKVX's 7.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.71% | 8.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JDJIX JHancock Diversified Macro Fund | 0.28% | 0.31% | 0.43% | 3.99% | 11.26% | 3.46% | 2.11% | 3.79% |
Frequently Asked Questions
JDJIX and JAKVX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JAKVX has higher volatility (2.82%) compared to JDJIX (2.74%). In terms of maximum drawdown, JDJIX dropped -19.58% vs JAKVX's -5.16%.
JAKVX currently has the higher Sharpe Ratio (2.63 vs 1.29), 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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