JILCX vs. JAAAX
JILCX (John Hancock Funds II Multimanager Lifestyle Conservative Portfolio) and JAAAX (John Hancock Funds Alternative Asset Allocation Fund) are both mutual funds - JILCX is a Diversified Portfolio fund managed by John Hancock, while JAAAX is a Multistrategy fund managed by John Hancock. Over the past 10 years, JILCX returned 4.42%/yr vs 4.27%/yr for JAAAX. A 0.77 correlation means they provide meaningful diversification when combined. JILCX charges 0.24%/yr vs 0.72%/yr for JAAAX.
Performance
JILCX vs. JAAAX - Performance Comparison
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Returns By Period
In the year-to-date period, JILCX achieves a 3.60% return, which is significantly lower than JAAAX's 6.37% return. Both investments have delivered pretty close results over the past 10 years, with JILCX having a 4.42% annualized return and JAAAX not far behind at 4.27%.
JILCX
- 1D
- 0.16%
- 1M
- 1.61%
- YTD
- 3.60%
- 6M
- 3.86%
- 1Y
- 10.19%
- 3Y*
- 8.24%
- 5Y*
- 3.25%
- 10Y*
- 4.42%
JAAAX
- 1D
- 0.17%
- 1M
- 0.85%
- YTD
- 6.37%
- 6M
- 6.58%
- 1Y
- 11.47%
- 3Y*
- 7.41%
- 5Y*
- 4.40%
- 10Y*
- 4.27%
JILCX vs. JAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JILCX John Hancock Funds II Multimanager Lifestyle Conservative Portfolio | 3.60% | 9.33% | 6.12% | 9.17% | -11.73% | 3.55% | 9.85% | 12.00% | -3.33% | 6.12% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 6.37% | 6.18% | 6.59% | 5.85% | -3.12% | 4.77% | 4.36% | 8.95% | -4.09% | 6.10% |
Correlation
The correlation between JILCX and JAAAX is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.77 |
The correlation between JILCX and JAAAX shifts across timeframes, from 0.59 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JILCX vs. JAAAX — Risk / Return Rank
JILCX
JAAAX
JILCX vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager Lifestyle Conservative Portfolio (JILCX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX). 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.
| JILCX | JAAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.71 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 5.74 | -2.10 |
| Martin ratioReturn relative to average drawdown | 16.18 | 22.72 | -6.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JILCX | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | 3.54 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 1.05 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.98 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.87 | +0.08 |
Drawdowns
JILCX vs. JAAAX - Drawdown Comparison
The maximum JILCX drawdown since its inception was -22.90%, which is greater than JAAAX's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for JILCX and JAAAX.
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Drawdown Indicators
| JILCX | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.90% | -15.72% | -7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.58% | -2.02% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -5.66% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.51% | -6.28% | -10.23% |
Max Drawdown (10Y)Largest decline over 10 years | -16.51% | -12.64% | -3.87% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -2.05% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.51% | +0.46% |
Volatility
JILCX vs. JAAAX - Volatility Comparison
John Hancock Funds II Multimanager Lifestyle Conservative Portfolio (JILCX) has a higher volatility of 1.65% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 0.73%. This indicates that JILCX's price experiences larger fluctuations and is considered to be riskier than JAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JILCX | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 0.73% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | 2.51% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 3.28% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 4.21% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 4.37% | +0.70% |
JILCX vs. JAAAX - Expense Ratio Comparison
JILCX has a 0.24% expense ratio, which is lower than JAAAX's 0.72% expense ratio.
Dividends
JILCX vs. JAAAX - Dividend Comparison
JILCX's dividend yield for the trailing twelve months is around 3.81%, more than JAAAX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.44% | 1.53% | 1.17% | 1.71% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% |
JILCX John Hancock Funds II Multimanager Lifestyle Conservative Portfolio | 3.81% | 4.15% | 4.17% | 3.89% | 6.79% | 6.25% | 4.53% | 4.01% | 4.39% | 2.44% | 4.26% | 5.65% |
Frequently Asked Questions
JILCX and JAAAX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JILCX has higher volatility (1.65%) compared to JAAAX (0.73%). In terms of maximum drawdown, JILCX dropped -22.90% vs JAAAX's -15.72%.
JAAAX currently has the higher Sharpe Ratio (3.54 vs 3.00), 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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