NELIX vs. JAKVX
NELIX (Nuveen Equity Long/Short Fund) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both Long-Short funds. Over the past year, NELIX returned 13.85% vs 20.95% for JAKVX. At a 0.43 correlation, their price movements are largely independent. NELIX charges 1.35%/yr vs 1.54%/yr for JAKVX.
Performance
NELIX vs. JAKVX - Performance Comparison
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Returns By Period
In the year-to-date period, NELIX achieves a 7.30% return, which is significantly lower than JAKVX's 11.50% return.
NELIX
- 1D
- -0.77%
- 1M
- 0.29%
- 6M
- 5.45%
- YTD
- 7.30%
- 1Y
- 13.85%
- 3Y*
- 15.76%
- 5Y*
- 10.36%
- 10Y*
- 10.48%
JAKVX
- 1D
- -0.17%
- 1M
- -0.72%
- 6M
- 9.79%
- YTD
- 11.50%
- 1Y
- 20.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NELIX vs. JAKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NELIX Nuveen Equity Long/Short Fund | 7.30% | 18.04% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 11.50% | 17.29% |
Correlation
The correlation between NELIX and JAKVX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.43 |
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Return for Risk
NELIX vs. JAKVX — Risk / Return Rank
NELIX
JAKVX
NELIX vs. JAKVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) 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.
| NELIX | JAKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.51 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 4.06 | -1.78 |
| Martin ratioReturn relative to average drawdown | 8.81 | 12.14 | -3.34 |
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Drawdowns
NELIX vs. JAKVX - Drawdown Comparison
The maximum NELIX drawdown since its inception was -28.72%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for NELIX and JAKVX.
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Drawdown Indicators
| NELIX | JAKVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.72% | -5.16% | -23.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -5.16% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.72% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -2.23% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -0.95% | -3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.72% | -0.09% |
Volatility
NELIX vs. JAKVX - Volatility Comparison
Nuveen Equity Long/Short Fund (NELIX) has a higher volatility of 3.30% compared to John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX) at 2.49%. This indicates that NELIX'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
| NELIX | JAKVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 2.49% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 6.46% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 7.94% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.74% | 7.56% | +5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.57% | 7.56% | +6.01% |
NELIX vs. JAKVX - Expense Ratio Comparison
NELIX has a 1.35% expense ratio, which is lower than JAKVX's 1.54% expense ratio.
Dividends
NELIX vs. JAKVX - Dividend Comparison
NELIX's dividend yield for the trailing twelve months is around 3.55%, less than JAKVX's 7.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.60% | 8.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NELIX Nuveen Equity Long/Short Fund | 3.55% | 3.81% | 4.78% | 4.20% | 6.84% | 2.44% | 0.00% | 0.00% | 1.35% | 1.58% |
Frequently Asked Questions
NELIX and JAKVX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NELIX has higher volatility (3.30%) compared to JAKVX (2.49%). In terms of maximum drawdown, NELIX dropped -28.72% vs JAKVX's -5.16%.
JAKVX currently has the higher Sharpe Ratio (2.65 vs 1.44), 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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