JLHAX vs. JAKVX
JLHAX (John Hancock Funds II Multimanager 2035 Lifetime Portfolio) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both mutual funds - JLHAX is a Target Retirement Date fund managed by John Hancock, while JAKVX is a Long-Short fund actively managed by John Hancock. Over the past year, JLHAX returned 16.88% vs 23.14% for JAKVX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. JLHAX charges 0.42%/yr vs 1.54%/yr for JAKVX.
Performance
JLHAX vs. JAKVX - Performance Comparison
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Returns By Period
In the year-to-date period, JLHAX achieves a 8.06% return, which is significantly lower than JAKVX's 12.74% return.
JLHAX
- 1D
- 1.48%
- 1M
- -0.85%
- 6M
- 5.04%
- YTD
- 8.06%
- 1Y
- 16.88%
- 3Y*
- 12.76%
- 5Y*
- 5.86%
- 10Y*
- 8.95%
- ALL TIME*
- 6.72%
JAKVX
- 1D
- 0.89%
- 1M
- 1.74%
- 6M
- 6.96%
- YTD
- 12.74%
- 1Y
- 23.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JLHAX vs. JAKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JLHAX John Hancock Funds II Multimanager 2035 Lifetime Portfolio | 8.06% | 17.24% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 12.74% | 17.29% |
Correlation
The correlation between JLHAX and JAKVX is 0.65, 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. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.59 |
The correlation between JLHAX and JAKVX has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
JLHAX vs. JAKVX — Risk / Return Rank
JLHAX
JAKVX
JLHAX vs. JAKVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager 2035 Lifetime Portfolio (JLHAX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX). 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.
| JLHAX | JAKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.54 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 4.27 | -2.22 |
| Martin ratioReturn relative to average drawdown | 8.49 | 12.85 | -4.36 |
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Drawdowns
JLHAX vs. JAKVX - Drawdown Comparison
The maximum JLHAX drawdown since its inception was -56.42%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for JLHAX and JAKVX.
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Drawdown Indicators
| JLHAX | JAKVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.42% | -5.16% | -51.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.67% | -5.16% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.14% | — | — |
Current DrawdownCurrent decline from peak | -1.93% | -1.14% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -8.63% | -0.99% | -7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.71% | +0.13% |
Volatility
JLHAX vs. JAKVX - Volatility Comparison
John Hancock Funds II Multimanager 2035 Lifetime Portfolio (JLHAX) has a higher volatility of 3.10% compared to John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) at 1.85%. This indicates that JLHAX's price experiences larger fluctuations and is considered to be riskier than JAKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JLHAX | JAKVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 1.85% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 6.37% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 7.92% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.89% | 7.48% | +5.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 7.48% | +6.33% |
JLHAX vs. JAKVX - Expense Ratio Comparison
JLHAX has a 0.42% expense ratio, which is lower than JAKVX's 1.54% expense ratio.
Dividends
JLHAX vs. JAKVX - Dividend Comparison
JLHAX's dividend yield for the trailing twelve months is around 8.15%, more than JAKVX's 7.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.52% | 8.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JLHAX John Hancock Funds II Multimanager 2035 Lifetime Portfolio | 8.15% | 8.81% | 2.68% | 2.53% | 20.06% | 9.76% | 5.83% | 11.13% | 13.05% | 6.74% | 6.80% | 6.36% |
Frequently Asked Questions
JLHAX and JAKVX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JLHAX has higher volatility (3.10%) compared to JAKVX (1.85%). In terms of maximum drawdown, JLHAX dropped -56.42% vs JAKVX's -5.16%.
JAKVX currently has the higher Sharpe Ratio (2.78 vs 1.46), 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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