Correlation
The correlation between JHAIX and VFIAX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
JHAIX vs. VFIAX
Compare and contrast key facts about JHancock Multi-Asset Absolute Return Fund (JHAIX) and Vanguard 500 Index Fund Admiral Shares (VFIAX).
JHAIX is managed by John Hancock. It was launched on Dec 18, 2011. VFIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHAIX or VFIAX.
Performance
JHAIX vs. VFIAX - Performance Comparison
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Key characteristics
JHAIX:
1.16
VFIAX:
0.70
JHAIX:
1.36
VFIAX:
1.04
JHAIX:
1.17
VFIAX:
1.15
JHAIX:
1.07
VFIAX:
0.69
JHAIX:
3.06
VFIAX:
2.62
JHAIX:
2.27%
VFIAX:
4.92%
JHAIX:
7.35%
VFIAX:
19.79%
JHAIX:
-10.61%
VFIAX:
-55.20%
JHAIX:
-2.70%
VFIAX:
-3.43%
Returns By Period
In the year-to-date period, JHAIX achieves a 1.46% return, which is significantly higher than VFIAX's 1.04% return. Over the past 10 years, JHAIX has underperformed VFIAX with an annualized return of 2.09%, while VFIAX has yielded a comparatively higher 12.79% annualized return.
JHAIX
1.46%
1.26%
-1.10%
8.47%
3.12%
3.55%
2.09%
VFIAX
1.04%
6.46%
-0.80%
13.73%
14.12%
15.89%
12.79%
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JHAIX vs. VFIAX - Expense Ratio Comparison
JHAIX has a 1.26% expense ratio, which is higher than VFIAX's 0.04% expense ratio.
Risk-Adjusted Performance
JHAIX vs. VFIAX — Risk-Adjusted Performance Rank
JHAIX
VFIAX
JHAIX vs. VFIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JHancock Multi-Asset Absolute Return Fund (JHAIX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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.
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Dividends
JHAIX vs. VFIAX - Dividend Comparison
JHAIX's dividend yield for the trailing twelve months is around 1.81%, more than VFIAX's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHAIX JHancock Multi-Asset Absolute Return Fund | 1.81% | 1.83% | 0.00% | 3.45% | 0.00% | 0.80% | 17.08% | 0.00% | 0.00% | 0.00% | 6.92% | 5.30% |
VFIAX Vanguard 500 Index Fund Admiral Shares | 1.28% | 1.24% | 1.45% | 1.68% | 1.24% | 1.53% | 1.87% | 2.05% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
JHAIX vs. VFIAX - Drawdown Comparison
The maximum JHAIX drawdown since its inception was -10.61%, smaller than the maximum VFIAX drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for JHAIX and VFIAX.
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Volatility
JHAIX vs. VFIAX - Volatility Comparison
The current volatility for JHancock Multi-Asset Absolute Return Fund (JHAIX) is 2.62%, while Vanguard 500 Index Fund Admiral Shares (VFIAX) has a volatility of 4.77%. This indicates that JHAIX experiences smaller price fluctuations and is considered to be less risky than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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