MMNIX vs. JAKRX
MMNIX (Miller Market Neutral Income Fund Class I) and JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) are both mutual funds - MMNIX is a Equity Market Neutral fund actively managed by Miller, while JAKRX is a Long-Short fund actively managed by John Hancock. Both are actively managed. Over the past year, MMNIX returned 9.40% vs 19.58% for JAKRX. At a correlation of -0.14, they often move in opposite directions. MMNIX charges 1.69%/yr vs 1.91%/yr for JAKRX.
Performance
MMNIX vs. JAKRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MMNIX achieves a 3.85% return, which is significantly lower than JAKRX's 9.45% return.
MMNIX
- 1D
- -0.09%
- 1M
- 0.64%
- YTD
- 3.85%
- 6M
- 4.14%
- 1Y
- 9.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JAKRX
- 1D
- -1.07%
- 1M
- -2.33%
- YTD
- 9.45%
- 6M
- 10.27%
- 1Y
- 19.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MMNIX vs. JAKRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MMNIX Miller Market Neutral Income Fund Class I | 3.85% | 6.55% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 9.45% | 17.04% |
Correlation
The correlation between MMNIX and JAKRX is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | -0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MMNIX vs. JAKRX — Risk / Return Rank
MMNIX
JAKRX
MMNIX vs. JAKRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Market Neutral Income Fund Class I (MMNIX) 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.
| MMNIX | JAKRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.58 | ||
| Sortino ratioReturn per unit of downside risk | +7.68 | ||
| Omega ratioGain probability vs. loss probability | 2.76 | 1.48 | +1.28 |
| Calmar ratioReturn relative to maximum drawdown | 20.99 | 3.74 | +17.25 |
| Martin ratioReturn relative to average drawdown | 89.06 | 12.58 | +76.49 |
Loading charts...
Drawdowns
MMNIX vs. JAKRX - Drawdown Comparison
The maximum MMNIX drawdown since its inception was -0.49%, smaller than the maximum JAKRX drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for MMNIX and JAKRX.
Loading charts...
Drawdown Indicators
| MMNIX | JAKRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.49% | -5.16% | +4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -0.46% | -5.16% | +4.70% |
Current DrawdownCurrent decline from peak | -0.09% | -3.88% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.84% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 1.53% | -1.42% |
Volatility
MMNIX vs. JAKRX - Volatility Comparison
The current volatility for Miller Market Neutral Income Fund Class I (MMNIX) is 0.51%, while John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) has a volatility of 2.75%. This indicates that MMNIX 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.
Loading charts...
Volatility by Period
| MMNIX | JAKRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 2.75% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.14% | 6.29% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 7.72% | -6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.74% | 7.53% | -5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.74% | 7.53% | -5.79% |
MMNIX vs. JAKRX - Expense Ratio Comparison
MMNIX has a 1.69% expense ratio, which is lower than JAKRX's 1.91% expense ratio.
Dividends
MMNIX vs. JAKRX - Dividend Comparison
MMNIX's dividend yield for the trailing twelve months is around 4.56%, less than JAKRX's 7.40% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 7.40% | 8.10% | 0.00% |
MMNIX Miller Market Neutral Income Fund Class I | 4.56% | 5.03% | 4.74% |
Frequently Asked Questions
MMNIX and JAKRX have a correlation of -0.19, 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 MMNIX (0.51%). In terms of maximum drawdown, MMNIX dropped -0.49% vs JAKRX's -5.16%.
MMNIX currently has the higher Sharpe Ratio (6.08 vs 2.50), 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.
Find the right allocation for MMNIX and JAKRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer