MEUD.L vs. JAAAX

Last updated Jun 9, 2026

MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) and JAAAX (John Hancock Funds Alternative Asset Allocation Fund) are both funds - MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while JAAAX is a Multistrategy fund managed by John Hancock. Over the past 10 years, MEUD.L returned 10.52%/yr vs 5.06%/yr for JAAAX. At a 0.29 correlation, their price movements are largely independent. MEUD.L charges 0.15%/yr vs 0.72%/yr for JAAAX.

Performance

MEUD.L vs. JAAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MEUD.L is traded in GBp, while JAAAX is traded in USD. To make them comparable, the JAAAX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MEUD.L achieves a 6.17% return, which is significantly lower than JAAAX's 6.59% return. Over the past 10 years, MEUD.L has outperformed JAAAX with an annualized return of 10.52%, while JAAAX has yielded a comparatively lower 5.06% annualized return.

MEUD.L

• 1D: 0.06%
• 1M: 2.27%
• YTD: 6.17%
• 6M: 8.63%
• 1Y: 18.55%
• 3Y*: 14.23%
• 5Y*: 9.58%
• 10Y*: 10.52%

JAAAX

• 1D: -0.11%
• 1M: 1.96%
• YTD: 6.59%
• 6M: 5.91%
• 1Y: 11.93%
• 3Y*: 4.57%
• 5Y*: 5.44%
• 10Y*: 5.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MEUD.L vs. JAAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc	6.17%	26.51%	3.65%	13.48%	-5.04%	17.06%	3.85%	20.40%	-9.59%	15.43%
JAAAX John Hancock Funds Alternative Asset Allocation Fund	6.59%	-1.38%	8.45%	0.56%	8.40%	5.76%	1.30%	4.81%	1.60%	-3.07%

Correlation

The correlation between MEUD.L and JAAAX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013	0.29

Over the past year, the correlation between MEUD.L and JAAAX has dropped to 0.07 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

Return for Risk

MEUD.L vs. JAAAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MEUD.L

MEUD.L Risk / Return Rank: 46
MEUD.L Sharpe Ratio Rank: 49
MEUD.L Sortino Ratio Rank: 48
MEUD.L Omega Ratio Rank: 51
MEUD.L Calmar Ratio Rank: 39
MEUD.L Martin Ratio Rank: 43

JAAAX

JAAAX Risk / Return Rank: 93
JAAAX Sharpe Ratio Rank: 94
JAAAX Sortino Ratio Rank: 93
JAAAX Omega Ratio Rank: 89
JAAAX Calmar Ratio Rank: 94
JAAAX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MEUD.L vs. JAAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) 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.

	MEUD.L	JAAAX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.12	-0.60
Sortino ratio: Return per unit of downside risk	2.15	2.98	-0.83
Omega ratio: Gain probability vs. loss probability	1.29	1.39	-0.10
Calmar ratio: Return relative to maximum drawdown	1.75	4.74	-2.99
Martin ratio: Return relative to average drawdown	6.35	11.63	-5.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEUD.L vs. JAAAX - Sharpe Ratio Comparison

The current MEUD.L Sharpe Ratio is 1.52, which is comparable to the JAAAX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of MEUD.L and JAAAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MEUD.L	JAAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	2.12	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.69	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.56	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.65	-0.20

Drawdowns

MEUD.L vs. JAAAX - Drawdown Comparison

The maximum MEUD.L drawdown since its inception was -28.57%, which is greater than JAAAX's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for MEUD.L and JAAAX.

Drawdown Indicators

	MEUD.L	JAAAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.57%	-13.42%	-15.15%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-2.64%	-7.89%
Max Drawdown (3Y) Largest decline over 3 years	-12.61%	-11.92%	-0.69%
Max Drawdown (5Y) Largest decline over 5 years	-17.09%	-13.42%	-3.67%
Max Drawdown (10Y) Largest decline over 10 years	-28.57%	-13.42%	-15.15%
Current Drawdown Current decline from peak	-1.71%	-0.46%	-1.25%
Average Drawdown Average peak-to-trough decline	-6.90%	-4.33%	-2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	1.07%	+1.84%

Volatility

MEUD.L vs. JAAAX - Volatility Comparison

Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) has a higher volatility of 3.16% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 1.53%. This indicates that MEUD.L'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.

Volatility by Period

	MEUD.L	JAAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	1.53%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	4.30%	+5.90%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	5.90%	+6.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	7.93%	+8.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	9.14%	+7.80%

MEUD.L vs. JAAAX - Expense Ratio Comparison

MEUD.L has a 0.15% expense ratio, which is lower than JAAAX's 0.72% expense ratio.

Dividends

MEUD.L vs. JAAAX - Dividend Comparison

MEUD.L has not paid dividends to shareholders, while JAAAX's dividend yield for the trailing twelve months is around 1.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAAAX John Hancock Funds Alternative Asset Allocation Fund	1.45%	1.53%	1.17%	1.71%	3.02%	1.72%	0.74%	3.38%	1.99%	1.23%	0.77%	2.78%
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEUD.L and JAAAX in my portfolio?

MEUD.L and JAAAX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.