MRJAX vs. JGYIX

Last updated Jun 6, 2026

MRJAX (Morgan Stanley Multi-Asset Real Return Portfolio A) and JGYIX (John Hancock Global Shareholder Yield Fund) are both Global Equities funds. A 0.58 correlation means they provide meaningful diversification when combined. MRJAX charges 1.10%/yr vs 0.84%/yr for JGYIX.

Performance

MRJAX vs. JGYIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX) and John Hancock Global Shareholder Yield Fund (JGYIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRJAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JGYIX

• 1D: 0.27%
• 1M: 4.40%
• YTD: 18.40%
• 6M: 19.10%
• 1Y: 32.49%
• 3Y*: 21.97%
• 5Y*: 12.83%
• 10Y*: 10.14%

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

MRJAX vs. JGYIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	11.79%	-0.55%	5.09%	2.74%	21.57%	0.07%	17.93%	-8.38%
JGYIX John Hancock Global Shareholder Yield Fund	18.40%	24.13%	14.38%	11.36%	-4.87%	17.65%	-1.36%	20.86%	-4.84%

Correlation

The correlation between MRJAX and JGYIX is -0.00, 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	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.58

The correlation between MRJAX and JGYIX shifts across timeframes, from -0.00 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MRJAX vs. JGYIX — Risk / Return Rank

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

JGYIX

JGYIX Risk / Return Rank: 91
JGYIX Sharpe Ratio Rank: 95
JGYIX Sortino Ratio Rank: 91
JGYIX Omega Ratio Rank: 86
JGYIX Calmar Ratio Rank: 91
JGYIX Martin Ratio Rank: 93

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.

MRJAX vs. JGYIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX) and John Hancock Global Shareholder Yield Fund (JGYIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MRJAX	JGYIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.27	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.47	—

Drawdowns

Drawdown Indicators

	MRJAX	JGYIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-46.76%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.45%	—
Current Drawdown Current decline from peak	—	-0.54%	—
Average Drawdown Average peak-to-trough decline	—	-6.77%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.71%	—

Volatility

Volatility by Period

	MRJAX	JGYIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.05%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.22%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.98%	—

MRJAX vs. JGYIX - Expense Ratio Comparison

MRJAX has a 1.10% expense ratio, which is higher than JGYIX's 0.84% expense ratio.

Dividends

MRJAX vs. JGYIX - Dividend Comparison

MRJAX has not paid dividends to shareholders, while JGYIX's dividend yield for the trailing twelve months is around 11.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGYIX John Hancock Global Shareholder Yield Fund	11.36%	13.30%	8.21%	4.37%	9.51%	11.27%	2.71%	4.81%	6.31%	2.91%	3.19%	7.64%
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	0.00%	11.24%	4.40%	4.04%	15.24%	1.09%	1.40%	1.22%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MRJAX and JGYIX in my portfolio?

MRJAX and JGYIX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.