JIEMX vs. VALAX
JIEMX (John Hancock Funds II Equity Income Fund) and VALAX (Al Frank Fund) are both mutual funds - JIEMX is a Dividend fund managed by John Hancock, while VALAX is a Large Cap Value Equities fund managed by Al Frank. Over the past 10 years, JIEMX returned 5.25%/yr vs 13.78%/yr for VALAX. Their correlation of 0.91 means they have usually moved in the same direction. JIEMX charges 0.76%/yr vs 1.24%/yr for VALAX.
Performance
JIEMX vs. VALAX - Performance Comparison
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Returns By Period
In the year-to-date period, JIEMX achieves a 17.10% return, which is significantly lower than VALAX's 20.70% return. Over the past 10 years, JIEMX has underperformed VALAX with an annualized return of 5.25%, while VALAX has yielded a comparatively higher 13.78% annualized return.
JIEMX
- 1D
- 0.64%
- 1M
- 1.22%
- 6M
- 12.93%
- YTD
- 17.10%
- 1Y
- -17.92%
- 3Y*
- -0.49%
- 5Y*
- -0.24%
- 10Y*
- 5.25%
- ALL TIME*
- 5.39%
VALAX
- 1D
- 1.99%
- 1M
- -1.07%
- 6M
- 13.15%
- YTD
- 20.70%
- 1Y
- 41.61%
- 3Y*
- 20.52%
- 5Y*
- 11.73%
- 10Y*
- 13.78%
- ALL TIME*
- 8.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
VALAX Al Frank Fund | $0.00 | $0.00 | $0.00 |
JIEMX vs. VALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JIEMX John Hancock Funds II Equity Income Fund | 17.10% | -26.66% | 11.75% | 9.49% | -11.75% | 25.29% | 1.07% | 26.44% | -9.78% | 15.46% |
VALAX Al Frank Fund | 20.70% | 23.57% | 13.35% | 14.05% | -13.50% | 24.97% | 10.22% | 33.98% | -7.87% | 18.09% |
Correlation
The correlation between JIEMX and VALAX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.91 |
Over the past year, the correlation between JIEMX and VALAX has dropped to 0.62 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
JIEMX vs. VALAX — Risk / Return Rank
JIEMX
VALAX
JIEMX vs. VALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Equity Income Fund (JIEMX) and Al Frank Fund (VALAX). 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.
| JIEMX | VALAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.13 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.45 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 4.54 | -5.11 |
| Martin ratioReturn relative to average drawdown | -0.82 | 16.48 | -17.30 |
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Drawdowns
JIEMX vs. VALAX - Drawdown Comparison
The maximum JIEMX drawdown since its inception was -62.26%, roughly equal to the maximum VALAX drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for JIEMX and VALAX.
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Drawdown Indicators
| JIEMX | VALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -61.26% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -36.28% | -8.56% | -27.72% |
Max Drawdown (3Y)Largest decline over 3 years | -36.28% | -25.81% | -10.47% |
Max Drawdown (5Y)Largest decline over 5 years | -36.28% | -25.81% | -10.47% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -38.22% | -1.54% |
Current DrawdownCurrent decline from peak | -24.43% | -3.71% | -20.72% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -10.68% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.94% | 2.36% | +21.58% |
Volatility
JIEMX vs. VALAX - Volatility Comparison
The current volatility for John Hancock Funds II Equity Income Fund (JIEMX) is 2.99%, while Al Frank Fund (VALAX) has a volatility of 4.47%. This indicates that JIEMX experiences smaller price fluctuations and is considered to be less risky than VALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIEMX | VALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 4.47% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 12.03% | -3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.24% | 15.04% | +23.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 17.91% | +5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 19.33% | +2.19% |
JIEMX vs. VALAX - Expense Ratio Comparison
JIEMX has a 0.76% expense ratio, which is lower than VALAX's 1.24% expense ratio.
Dividends
JIEMX vs. VALAX - Dividend Comparison
JIEMX's dividend yield for the trailing twelve months is around 0.52%, less than VALAX's 7.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIEMX John Hancock Funds II Equity Income Fund | 0.52% | 1.75% | 11.35% | 7.98% | 2.09% | 9.34% | 2.59% | 8.25% | 13.73% | 8.43% | 3.73% | 11.26% |
VALAX Al Frank Fund | 7.17% | 8.65% | 10.32% | 5.95% | 8.62% | 6.83% | 7.17% | 13.51% | 10.73% | 10.66% | 5.32% | 9.53% |
Frequently Asked Questions
JIEMX and VALAX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VALAX has higher volatility (4.47%) compared to JIEMX (2.99%). In terms of maximum drawdown, JIEMX dropped -62.26% vs VALAX's -61.26%.
VALAX currently has the higher Sharpe Ratio (2.59 vs -0.54), 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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