JEVNX vs. WAEMX

Last updated Jun 6, 2026

JEVNX (John Hancock Funds II Emerging Markets Fund) and WAEMX (Wasatch Emerging Markets Small Cap Fund) are both Emerging Markets Diversified funds. Over the past 10 years, JEVNX returned 8.50%/yr vs 8.49%/yr for WAEMX. A 0.78 correlation means they provide meaningful diversification when combined. JEVNX charges 1.00%/yr vs 1.91%/yr for WAEMX.

Performance

JEVNX vs. WAEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Emerging Markets Fund (JEVNX) and Wasatch Emerging Markets Small Cap Fund (WAEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEVNX achieves a 17.50% return, which is significantly lower than WAEMX's 25.29% return. Both investments have delivered pretty close results over the past 10 years, with JEVNX having a 8.50% annualized return and WAEMX not far behind at 8.49%.

JEVNX

• 1D: -0.75%
• 1M: -0.42%
• YTD: 17.50%
• 6M: 19.85%
• 1Y: 40.23%
• 3Y*: 16.93%
• 5Y*: 5.69%
• 10Y*: 8.50%

WAEMX

• 1D: 0.95%
• 1M: -1.39%
• YTD: 25.29%
• 6M: 29.38%
• 1Y: 34.56%
• 3Y*: 13.05%
• 5Y*: 2.23%
• 10Y*: 8.49%

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

JEVNX vs. WAEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JEVNX John Hancock Funds II Emerging Markets Fund	17.50%	32.80%	-4.13%	13.59%	-16.55%	3.53%	12.07%	14.84%	-15.49%	35.51%
WAEMX Wasatch Emerging Markets Small Cap Fund	25.29%	5.85%	-2.21%	21.20%	-38.76%	30.16%	32.79%	27.45%	-18.97%	38.20%

Correlation

The correlation between JEVNX and WAEMX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 1, 2007	0.78

The correlation between JEVNX and WAEMX shifts across timeframes, from 0.60 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JEVNX vs. WAEMX — Risk / Return Rank

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

JEVNX

JEVNX Risk / Return Rank: 78
JEVNX Sharpe Ratio Rank: 84
JEVNX Sortino Ratio Rank: 70
JEVNX Omega Ratio Rank: 79
JEVNX Calmar Ratio Rank: 82
JEVNX Martin Ratio Rank: 74

WAEMX

WAEMX Risk / Return Rank: 64
WAEMX Sharpe Ratio Rank: 51
WAEMX Sortino Ratio Rank: 54
WAEMX Omega Ratio Rank: 48
WAEMX Calmar Ratio Rank: 90
WAEMX Martin Ratio Rank: 77

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.

JEVNX vs. WAEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Emerging Markets Fund (JEVNX) and Wasatch Emerging Markets Small Cap Fund (WAEMX). 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.

	JEVNX	WAEMX	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.04	+0.64
Sortino ratio: Return per unit of downside risk	3.39	3.00	+0.39
Omega ratio: Gain probability vs. loss probability	1.51	1.36	+0.14
Calmar ratio: Return relative to maximum drawdown	3.62	4.52	-0.90
Martin ratio: Return relative to average drawdown	13.48	13.96	-0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEVNX vs. WAEMX - Sharpe Ratio Comparison

The current JEVNX Sharpe Ratio is 2.68, which is higher than the WAEMX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of JEVNX and WAEMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JEVNX	WAEMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	2.04	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.13	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.47	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.31	-0.08

Drawdowns

JEVNX vs. WAEMX - Drawdown Comparison

The maximum JEVNX drawdown since its inception was -66.06%, roughly equal to the maximum WAEMX drawdown of -66.35%. Use the drawdown chart below to compare losses from any high point for JEVNX and WAEMX.

Drawdown Indicators

	JEVNX	WAEMX	Difference
Max Drawdown Largest peak-to-trough decline	-66.06%	-66.35%	+0.29%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-7.89%	-3.43%
Max Drawdown (3Y) Largest decline over 3 years	-26.72%	-25.56%	-1.16%
Max Drawdown (5Y) Largest decline over 5 years	-30.48%	-44.88%	+14.40%
Max Drawdown (10Y) Largest decline over 10 years	-42.39%	-44.88%	+2.49%
Current Drawdown Current decline from peak	-1.97%	-7.30%	+5.33%
Average Drawdown Average peak-to-trough decline	-15.53%	-16.81%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.55%	+0.49%

Volatility

JEVNX vs. WAEMX - Volatility Comparison

The current volatility for John Hancock Funds II Emerging Markets Fund (JEVNX) is 5.07%, while Wasatch Emerging Markets Small Cap Fund (WAEMX) has a volatility of 5.70%. This indicates that JEVNX experiences smaller price fluctuations and is considered to be less risky than WAEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEVNX	WAEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	5.70%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	12.56%	14.58%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	17.50%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	17.73%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	18.18%	+0.88%

JEVNX vs. WAEMX - Expense Ratio Comparison

JEVNX has a 1.00% expense ratio, which is lower than WAEMX's 1.91% expense ratio.

Dividends

JEVNX vs. WAEMX - Dividend Comparison

JEVNX's dividend yield for the trailing twelve months is around 9.29%, less than WAEMX's 56.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEVNX John Hancock Funds II Emerging Markets Fund	9.29%	10.92%	26.55%	3.06%	2.33%	3.07%	1.40%	2.35%	1.78%	1.34%	1.95%	2.08%
WAEMX Wasatch Emerging Markets Small Cap Fund	56.19%	70.40%	6.49%	0.00%	3.32%	6.03%	7.15%	5.82%	12.81%	0.00%	0.00%	0.02%

Frequently Asked Questions

Can I hold both JEVNX and WAEMX in my portfolio?

JEVNX and WAEMX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEVNX or WAEMX?

WAEMX has higher volatility (5.70%) compared to JEVNX (5.07%). In terms of maximum drawdown, JEVNX dropped -66.06% vs WAEMX's -66.35%.

Which has better risk-adjusted returns?

JEVNX currently has the higher Sharpe Ratio (2.68 vs 2.04), 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.