QMLFX vs. JHAIX

Last updated Aug 1, 2026

QMLFX (Quantified Market Leaders Fund) and JHAIX (JHancock Multi-Asset Absolute Return Fund) are both Tactical Allocation funds. Over the past 10 years, QMLFX returned 9.08%/yr vs 3.23%/yr for JHAIX. Their 0.50 correlation means they have sometimes moved together and sometimes differently. QMLFX charges 1.30%/yr vs 1.26%/yr for JHAIX.

Performance

QMLFX vs. JHAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quantified Market Leaders Fund (QMLFX) and JHancock Multi-Asset Absolute Return Fund (JHAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QMLFX achieves a 10.51% return, which is significantly higher than JHAIX's 1.86% return. Over the past 10 years, QMLFX has outperformed JHAIX with an annualized return of 9.08%, while JHAIX has yielded a comparatively lower 3.23% annualized return.

QMLFX

• 1D: 2.79%
• 1M: -4.50%
• 6M: 5.84%
• YTD: 10.51%
• 1Y: 20.84%
• 3Y*: 7.05%
• 5Y*: 1.09%
• 10Y*: 9.08%
• ALL TIME*: 7.69%

JHAIX

• 1D: 1.01%
• 1M: -0.45%
• 6M: 1.48%
• YTD: 1.86%
• 1Y: 5.69%
• 3Y*: 3.97%
• 5Y*: 2.37%
• 10Y*: 3.23%
• ALL TIME*: 3.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JHAIX JHancock Multi-Asset Absolute Return Fund	$0.00	$0.00	$0.00
QMLFX Quantified Market Leaders Fund	$0.00	$0.00	$0.00

QMLFX vs. JHAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QMLFX Quantified Market Leaders Fund	10.51%	0.97%	11.05%	15.04%	-23.59%	13.22%	37.81%	26.08%	-13.48%	16.76%
JHAIX JHancock Multi-Asset Absolute Return Fund	1.86%	4.47%	3.85%	4.88%	-5.30%	11.80%	2.10%	9.39%	-5.13%	3.75%

Correlation

The correlation between QMLFX and JHAIX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.48
Correlation (10Y) Provides a long-term view across more market conditions.	0.49
Correlation (All Time) Calculated using the full available price history since Aug 9, 2013	0.50

Over the past year, QMLFX and JHAIX have become more correlated (0.74) than their long-term average of 0.50, meaning their price movements have been converging.

Return for Risk

QMLFX vs. JHAIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QMLFX

QMLFX Risk / Return Rank: 22
QMLFX Sharpe Ratio Rank: 16
QMLFX Sortino Ratio Rank: 17
QMLFX Omega Ratio Rank: 18
QMLFX Calmar Ratio Rank: 32
QMLFX Martin Ratio Rank: 27

JHAIX

JHAIX Risk / Return Rank: 14
JHAIX Sharpe Ratio Rank: 14
JHAIX Sortino Ratio Rank: 14
JHAIX Omega Ratio Rank: 14
JHAIX Calmar Ratio Rank: 13
JHAIX Martin Ratio Rank: 14

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QMLFX vs. JHAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantified Market Leaders Fund (QMLFX) and JHancock Multi-Asset Absolute Return Fund (JHAIX). 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.

	QMLFX	JHAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.68	0.59	+0.08
Sortino ratio: Return per unit of downside risk	1.05	0.91	+0.14
Omega ratio: Gain probability vs. loss probability	1.14	1.11	+0.03
Calmar ratio: Return relative to maximum drawdown	1.46	0.69	+0.77
Martin ratio: Return relative to average drawdown	4.06	2.06	+2.00

QMLFX vs. JHAIX - Sharpe Ratio Comparison

The current QMLFX Sharpe Ratio is 0.68, which is comparable to the JHAIX Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of QMLFX and JHAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QMLFX vs. JHAIX - Drawdown Comparison

The maximum QMLFX drawdown since its inception was -36.59%, which is greater than JHAIX's maximum drawdown of -10.61%. Use the drawdown chart below to compare losses from any high point for QMLFX and JHAIX.

Drawdown Indicators

	QMLFX	JHAIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.59%	-10.61%	-25.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-7.24%	-4.19%
Max Drawdown (3Y) Largest decline over 3 years	-27.21%	-7.24%	-19.97%
Max Drawdown (5Y) Largest decline over 5 years	-33.26%	-10.61%	-22.65%
Max Drawdown (10Y) Largest decline over 10 years	-36.59%	-10.61%	-25.98%
Current Drawdown Current decline from peak	-8.95%	-0.90%	-8.05%
Average Drawdown Average peak-to-trough decline	-12.44%	-2.68%	-9.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	2.43%	+1.68%

Volatility

QMLFX vs. JHAIX - Volatility Comparison

Quantified Market Leaders Fund (QMLFX) has a higher volatility of 8.11% compared to JHancock Multi-Asset Absolute Return Fund (JHAIX) at 2.16%. This indicates that QMLFX's price experiences larger fluctuations and is considered to be riskier than JHAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QMLFX	JHAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.11%	2.16%	+5.95%
Volatility (6M) Calculated over the trailing 6-month period	19.62%	6.66%	+12.96%
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	8.45%	+16.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.72%	7.31%	+13.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	6.58%	+14.74%

QMLFX vs. JHAIX - Expense Ratio Comparison

QMLFX has a 1.30% expense ratio, which is higher than JHAIX's 1.26% expense ratio.

Dividends

QMLFX vs. JHAIX - Dividend Comparison

QMLFX's dividend yield for the trailing twelve months is around 1.24%, while JHAIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHAIX JHancock Multi-Asset Absolute Return Fund	0.00%	0.00%	1.84%	0.00%	3.45%	0.00%	0.80%	17.08%	0.00%	0.00%	0.00%	6.92%
QMLFX Quantified Market Leaders Fund	1.24%	1.37%	0.00%	1.99%	0.00%	26.84%	9.58%	0.00%	15.63%	12.15%	2.22%	1.63%

Frequently Asked Questions

Can I hold both QMLFX and JHAIX in my portfolio?

QMLFX and JHAIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QMLFX or JHAIX?

QMLFX has higher volatility (8.11%) compared to JHAIX (2.16%). In terms of maximum drawdown, QMLFX dropped -36.59% vs JHAIX's -10.61%.

Which has better risk-adjusted returns?

QMLFX currently has the higher Sharpe Ratio (0.68 vs 0.59), 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.