JSNIX vs. JAKRX
JSNIX (JHancock Short Duration Bond Fund) and JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) are both mutual funds - JSNIX is a Short-Term Bond fund managed by John Hancock, while JAKRX is a Long-Short fund actively managed by John Hancock. Over the past year, JSNIX returned 3.77% vs 18.81% for JAKRX. At a 0.25 correlation, their price movements are largely independent. JSNIX charges 0.40%/yr vs 1.91%/yr for JAKRX.
Performance
JSNIX vs. JAKRX - Performance Comparison
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Returns By Period
In the year-to-date period, JSNIX achieves a 0.65% return, which is significantly lower than JAKRX's 9.01% return.
JSNIX
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 0.65%
- 6M
- 1.06%
- 1Y
- 3.77%
- 3Y*
- 4.90%
- 5Y*
- 2.28%
- 10Y*
- —
JAKRX
- 1D
- -0.62%
- 1M
- -2.72%
- YTD
- 9.01%
- 6M
- 9.01%
- 1Y
- 18.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JSNIX vs. JAKRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JSNIX JHancock Short Duration Bond Fund | 0.65% | 4.42% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 9.01% | 17.04% |
Correlation
The correlation between JSNIX and JAKRX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.25 |
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Return for Risk
JSNIX vs. JAKRX — Risk / Return Rank
JSNIX
JAKRX
JSNIX vs. JAKRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JHancock Short Duration Bond Fund (JSNIX) and John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX). 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.
| JSNIX | JAKRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.48 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.73 | -0.83 |
| Martin ratioReturn relative to average drawdown | 12.03 | 12.24 | -0.21 |
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Drawdowns
JSNIX vs. JAKRX - Drawdown Comparison
The maximum JSNIX drawdown since its inception was -7.23%, which is greater than JAKRX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for JSNIX and JAKRX.
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Drawdown Indicators
| JSNIX | JAKRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.23% | -5.16% | -2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -5.16% | +3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.01% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -4.26% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -0.86% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 1.57% | -1.24% |
Volatility
JSNIX vs. JAKRX - Volatility Comparison
The current volatility for JHancock Short Duration Bond Fund (JSNIX) is 0.62%, while John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) has a volatility of 2.75%. This indicates that JSNIX experiences smaller price fluctuations and is considered to be less risky than JAKRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JSNIX | JAKRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 2.75% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 6.32% | -4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 7.74% | -5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.29% | 7.53% | -5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.38% | 7.53% | -5.15% |
JSNIX vs. JAKRX - Expense Ratio Comparison
JSNIX has a 0.40% expense ratio, which is lower than JAKRX's 1.91% expense ratio.
Dividends
JSNIX vs. JAKRX - Dividend Comparison
JSNIX's dividend yield for the trailing twelve months is around 4.92%, less than JAKRX's 7.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 7.43% | 8.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JSNIX JHancock Short Duration Bond Fund | 4.92% | 4.92% | 4.17% | 3.46% | 3.03% | 2.49% | 2.99% | 1.60% |
Frequently Asked Questions
JSNIX and JAKRX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JAKRX has higher volatility (2.75%) compared to JSNIX (0.62%). In terms of maximum drawdown, JSNIX dropped -7.23% vs JAKRX's -5.16%.
JAKRX currently has the higher Sharpe Ratio (2.49 vs 1.96), 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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