JILMX vs. JAAAX
JILMX (John Hancock Funds II Multimanager Lifestyle Moderate Portfolio) and JAAAX (John Hancock Funds Alternative Asset Allocation Fund) are both mutual funds - JILMX is a Diversified Portfolio fund managed by John Hancock, while JAAAX is a Multistrategy fund managed by John Hancock. Over the past 10 years, JILMX returned 5.91%/yr vs 4.27%/yr for JAAAX. Their correlation of 0.85 suggests significant overlap in exposure. JILMX charges 0.21%/yr vs 0.72%/yr for JAAAX.
Performance
JILMX vs. JAAAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JILMX having a 6.39% return and JAAAX slightly lower at 6.37%. Over the past 10 years, JILMX has outperformed JAAAX with an annualized return of 5.91%, while JAAAX has yielded a comparatively lower 4.27% annualized return.
JILMX
- 1D
- 0.22%
- 1M
- 2.68%
- YTD
- 6.39%
- 6M
- 3.06%
- 1Y
- 10.91%
- 3Y*
- 9.45%
- 5Y*
- 3.96%
- 10Y*
- 5.91%
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%
JILMX vs. JAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JILMX John Hancock Funds II Multimanager Lifestyle Moderate Portfolio | 6.39% | 7.55% | 7.62% | 11.53% | -13.82% | 7.82% | 12.24% | 15.66% | -4.93% | 9.30% |
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 JILMX and JAAAX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.86 |
Over the past year, the correlation between JILMX and JAAAX has dropped to 0.63 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
JILMX vs. JAAAX — Risk / Return Rank
JILMX
JAAAX
JILMX vs. JAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager Lifestyle Moderate Portfolio (JILMX) 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.
| JILMX | JAAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.71 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 5.74 | -3.35 |
| Martin ratioReturn relative to average drawdown | 8.92 | 22.72 | -13.80 |
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
| JILMX | JAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 3.54 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.05 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.98 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.87 | -0.17 |
Drawdowns
JILMX vs. JAAAX - Drawdown Comparison
The maximum JILMX drawdown since its inception was -34.35%, which is greater than JAAAX's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for JILMX and JAAAX.
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Drawdown Indicators
| JILMX | JAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.35% | -15.72% | -18.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.84% | -2.02% | -3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -7.50% | -5.66% | -1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -6.28% | -13.13% |
Max Drawdown (10Y)Largest decline over 10 years | -19.81% | -12.64% | -7.17% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -2.05% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 0.51% | +1.24% |
Volatility
JILMX vs. JAAAX - Volatility Comparison
John Hancock Funds II Multimanager Lifestyle Moderate Portfolio (JILMX) has a higher volatility of 2.30% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 0.73%. This indicates that JILMX'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
| JILMX | JAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 0.73% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | 2.51% | +4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.75% | 3.28% | +4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.03% | 4.21% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.81% | 4.37% | +3.44% |
JILMX vs. JAAAX - Expense Ratio Comparison
JILMX has a 0.21% expense ratio, which is lower than JAAAX's 0.72% expense ratio.
Dividends
JILMX vs. JAAAX - Dividend Comparison
JILMX's dividend yield for the trailing twelve months is around 3.07%, 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% |
JILMX John Hancock Funds II Multimanager Lifestyle Moderate Portfolio | 3.07% | 3.57% | 3.52% | 4.72% | 9.33% | 8.71% | 5.19% | 6.92% | 7.31% | 5.11% | 5.51% | 6.11% |
Frequently Asked Questions
JILMX and JAAAX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JILMX has higher volatility (2.30%) compared to JAAAX (0.73%). In terms of maximum drawdown, JILMX dropped -34.35% vs JAAAX's -15.72%.
JAAAX currently has the higher Sharpe Ratio (3.54 vs 1.80), 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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