JHAIX vs. JAKVX

Last updated Jun 23, 2026

JHAIX (JHancock Multi-Asset Absolute Return Fund) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both mutual funds - JHAIX is a Tactical Allocation fund managed by John Hancock, while JAKVX is a Long-Short fund actively managed by John Hancock. Over the past year, JHAIX returned 5.90% vs 20.05% for JAKVX. At a 0.44 correlation, their price movements are largely independent. JHAIX charges 1.26%/yr vs 1.54%/yr for JAKVX.

Performance

JHAIX vs. JAKVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JHancock Multi-Asset Absolute Return Fund (JHAIX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHAIX achieves a 1.77% return, which is significantly lower than JAKVX's 9.63% return.

JHAIX

• 1D: 0.46%
• 1M: 1.20%
• YTD: 1.77%
• 6M: 1.48%
• 1Y: 5.90%
• 3Y*: 4.01%
• 5Y*: 3.15%
• 10Y*: 3.17%

JAKVX

• 1D: -1.07%
• 1M: -2.33%
• YTD: 9.63%
• 6M: 10.46%
• 1Y: 20.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHAIX vs. JAKVX - Yearly Performance Comparison

	2026 (YTD)	2025
JHAIX JHancock Multi-Asset Absolute Return Fund	1.77%	5.49%
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	9.63%	17.29%

Correlation

The correlation between JHAIX and JAKVX is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.44

The correlation between JHAIX and JAKVX has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.

Return for Risk

JHAIX vs. JAKVX — Risk / Return Rank

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

JHAIX

JHAIX Risk / Return Rank: 8
JHAIX Sharpe Ratio Rank: 8
JHAIX Sortino Ratio Rank: 8
JHAIX Omega Ratio Rank: 8
JHAIX Calmar Ratio Rank: 8
JHAIX Martin Ratio Rank: 9

JAKVX

JAKVX Risk / Return Rank: 81
JAKVX Sharpe Ratio Rank: 84
JAKVX Sortino Ratio Rank: 81
JAKVX Omega Ratio Rank: 81
JAKVX Calmar Ratio Rank: 85
JAKVX Martin Ratio Rank: 71

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.

JHAIX vs. JAKVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JHancock Multi-Asset Absolute Return Fund (JHAIX) 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.

	JHAIX	JAKVX	Difference
Sharpe ratio: Return per unit of total volatility	0.66	2.53	-1.86
Sortino ratio: Return per unit of downside risk	1.01	3.54	-2.54
Omega ratio: Gain probability vs. loss probability	1.12	1.49	-0.37
Calmar ratio: Return relative to maximum drawdown	0.78	3.82	-3.04
Martin ratio: Return relative to average drawdown	2.29	12.82	-10.53

JHAIX vs. JAKVX - Sharpe Ratio Comparison

The current JHAIX Sharpe Ratio is 0.66, which is lower than the JAKVX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of JHAIX and JAKVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JHAIX vs. JAKVX - Drawdown Comparison

The maximum JHAIX drawdown since its inception was -10.61%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for JHAIX and JAKVX.

Drawdown Indicators

	JHAIX	JAKVX	Difference
Max Drawdown Largest peak-to-trough decline	-10.61%	-5.16%	-5.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-5.16%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-7.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-10.61%	—	—
Current Drawdown Current decline from peak	-0.90%	-3.87%	+2.97%
Average Drawdown Average peak-to-trough decline	-2.69%	-0.84%	-1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	1.53%	+0.92%

Volatility

JHAIX vs. JAKVX - Volatility Comparison

JHancock Multi-Asset Absolute Return Fund (JHAIX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) have volatilities of 2.73% and 2.81%, 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.

Volatility by Period

	JHAIX	JAKVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	2.81%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	6.59%	6.33%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	8.47%	7.78%	+0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.27%	7.56%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.55%	7.56%	-1.01%

JHAIX vs. JAKVX - Expense Ratio Comparison

JHAIX has a 1.26% expense ratio, which is lower than JAKVX's 1.54% expense ratio.

Dividends

JHAIX vs. JAKVX - Dividend Comparison

JHAIX has not paid dividends to shareholders, while JAKVX's dividend yield for the trailing twelve months is around 7.73%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	7.73%	8.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JHAIX JHancock Multi-Asset Absolute Return Fund	0.00%	0.00%	1.84%	0.00%	3.45%	0.00%	0.80%	17.08%	0.00%	0.00%	0.00%	6.92%

Frequently Asked Questions

Can I hold both JHAIX and JAKVX in my portfolio?

JHAIX and JAKVX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHAIX or JAKVX?

JAKVX has higher volatility (2.81%) compared to JHAIX (2.73%). In terms of maximum drawdown, JHAIX dropped -10.61% vs JAKVX's -5.16%.

Which has better risk-adjusted returns?

JAKVX currently has the higher Sharpe Ratio (2.53 vs 0.66), 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.