JHAIX vs. UPAAX

Last updated Jun 25, 2026

JHAIX (JHancock Multi-Asset Absolute Return Fund) and UPAAX (Upright Assets Allocation Plus Fund) are both Tactical Allocation funds. A 0.73 correlation means they provide meaningful diversification when combined. JHAIX charges 1.26%/yr vs 2.49%/yr for UPAAX.

Performance

JHAIX vs. UPAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JHancock Multi-Asset Absolute Return Fund (JHAIX) and Upright Assets Allocation Plus Fund (UPAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JHAIX

• 1D: -0.46%
• 1M: 0.55%
• YTD: 1.12%
• 6M: 0.46%
• 1Y: 3.92%
• 3Y*: 3.93%
• 5Y*: 2.95%
• 10Y*: 3.15%

UPAAX

• 1D: -2.90%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHAIX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)
JHAIX JHancock Multi-Asset Absolute Return Fund	0.09%
UPAAX Upright Assets Allocation Plus Fund	-4.94%

Correlation

The correlation between JHAIX and UPAAX is 0.73, 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 May 28, 2026	0.73

Return for Risk

JHAIX vs. UPAAX — 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: 8

UPAAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. UPAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JHancock Multi-Asset Absolute Return Fund (JHAIX) and Upright Assets Allocation Plus Fund (UPAAX). 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	UPAAX	Difference
Sharpe ratio: Return per unit of total volatility	0.56	—	—
Sortino ratio: Return per unit of downside risk	0.86	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.65	—	—
Martin ratio: Return relative to average drawdown	1.93	—	—

Drawdowns

JHAIX vs. UPAAX - Drawdown Comparison

The maximum JHAIX drawdown since its inception was -10.61%, roughly equal to the maximum UPAAX drawdown of -10.95%. Use the drawdown chart below to compare losses from any high point for JHAIX and UPAAX.

Drawdown Indicators

	JHAIX	UPAAX	Difference
Max Drawdown Largest peak-to-trough decline	-10.61%	-10.95%	+0.34%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	—	—
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	-1.54%	-8.49%	+6.95%
Average Drawdown Average peak-to-trough decline	-2.69%	-5.21%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	—	—

Volatility

Volatility by Period

	JHAIX	UPAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.46%	35.86%	-27.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.27%	35.86%	-28.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.55%	35.86%	-29.31%

JHAIX vs. UPAAX - Expense Ratio Comparison

JHAIX has a 1.26% expense ratio, which is lower than UPAAX's 2.49% expense ratio.

Dividends

JHAIX vs. UPAAX - Dividend Comparison

Neither JHAIX nor UPAAX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
UPAAX Upright Assets Allocation Plus Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHAIX and UPAAX in my portfolio?

JHAIX and UPAAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.