Correlation
The correlation between PSMIX and JAAAX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
PSMIX vs. JAAAX
Compare and contrast key facts about Principal Global Multi-Strategy Fund (PSMIX) and John Hancock Funds Alternative Asset Allocation Fund (JAAAX).
PSMIX is managed by Principal. It was launched on Oct 23, 2011. JAAAX is managed by John Hancock. It was launched on Jan 1, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSMIX or JAAAX.
Performance
PSMIX vs. JAAAX - Performance Comparison
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Key characteristics
PSMIX:
1.00
JAAAX:
0.88
PSMIX:
1.26
JAAAX:
1.05
PSMIX:
1.18
JAAAX:
1.16
PSMIX:
0.91
JAAAX:
0.68
PSMIX:
3.19
JAAAX:
2.92
PSMIX:
1.35%
JAAAX:
1.33%
PSMIX:
4.62%
JAAAX:
4.98%
PSMIX:
-13.94%
JAAAX:
-12.09%
PSMIX:
-0.88%
JAAAX:
-1.11%
Returns By Period
In the year-to-date period, PSMIX achieves a 1.35% return, which is significantly higher than JAAAX's 1.01% return. Over the past 10 years, PSMIX has outperformed JAAAX with an annualized return of 3.53%, while JAAAX has yielded a comparatively lower 2.91% annualized return.
PSMIX
1.35%
1.44%
1.18%
4.50%
4.83%
5.98%
3.53%
JAAAX
1.01%
1.45%
0.29%
4.21%
3.94%
4.48%
2.91%
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PSMIX vs. JAAAX - Expense Ratio Comparison
PSMIX has a 1.63% expense ratio, which is higher than JAAAX's 0.72% expense ratio.
Risk-Adjusted Performance
PSMIX vs. JAAAX — Risk-Adjusted Performance Rank
PSMIX
JAAAX
PSMIX vs. JAAAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Global Multi-Strategy Fund (PSMIX) 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.
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Dividends
PSMIX vs. JAAAX - Dividend Comparison
PSMIX's dividend yield for the trailing twelve months is around 1.61%, more than JAAAX's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSMIX Principal Global Multi-Strategy Fund | 1.61% | 1.64% | 3.51% | 12.10% | 4.04% | 1.68% | 0.00% | 6.52% | 2.91% | 0.16% | 3.02% | 2.53% |
JAAAX John Hancock Funds Alternative Asset Allocation Fund | 1.15% | 1.16% | 1.72% | 3.02% | 1.72% | 0.74% | 3.38% | 1.99% | 1.23% | 0.77% | 2.78% | 4.23% |
Drawdowns
PSMIX vs. JAAAX - Drawdown Comparison
The maximum PSMIX drawdown since its inception was -13.94%, which is greater than JAAAX's maximum drawdown of -12.09%. Use the drawdown chart below to compare losses from any high point for PSMIX and JAAAX.
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Volatility
PSMIX vs. JAAAX - Volatility Comparison
Principal Global Multi-Strategy Fund (PSMIX) has a higher volatility of 0.83% compared to John Hancock Funds Alternative Asset Allocation Fund (JAAAX) at 0.71%. This indicates that PSMIX'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.
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