VMNFX vs. JAKVX

Last updated Apr 3, 2026

Compare and contrast key facts about Vanguard Market Neutral Fund Investor Shares (VMNFX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX).

VMNFX is managed by Vanguard. It was launched on Nov 11, 1998. JAKVX is an actively managed fund by John Hancock. It was launched on Apr 11, 2014.

Performance

VMNFX vs. JAKVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Market Neutral Fund Investor Shares (VMNFX) and John Hancock Disciplined Value Global Long/Short Fund Class R6 (JAKVX). The values are adjusted to include any dividend payments, if applicable.

VMNFX vs. JAKVX - Yearly Performance Comparison

	2026 (YTD)	2025
VMNFX Vanguard Market Neutral Fund Investor Shares	6.52%	9.23%
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	6.71%	17.29%

Returns By Period

The year-to-date returns for both investments are quite close, with VMNFX having a 6.52% return and JAKVX slightly higher at 6.71%.

VMNFX

• 1D: 0.81%
• 1M: 3.48%
• YTD: 6.52%
• 6M: 9.96%
• 1Y: 16.00%
• 3Y*: 11.86%
• 5Y*: 12.54%
• 10Y*: 4.03%

JAKVX

• 1D: 0.76%
• 1M: -0.17%
• YTD: 6.71%
• 6M: 8.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VMNFX vs. JAKVX - Expense Ratio Comparison

VMNFX has a 1.31% expense ratio, which is lower than JAKVX's 1.54% expense ratio.

JAKVX

John Hancock Disciplined Value Global Long/Short Fund Class R6

VMNFX

Vanguard Market Neutral Fund Investor Shares

Return for Risk

VMNFX vs. JAKVX — Risk / Return Rank

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

VMNFX

VMNFX Risk / Return Rank: 90
VMNFX Sharpe Ratio Rank: 92
VMNFX Sortino Ratio Rank: 95
VMNFX Omega Ratio Rank: 86
VMNFX Calmar Ratio Rank: 94
VMNFX Martin Ratio Rank: 83

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.

VMNFX vs. JAKVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Investor Shares (VMNFX) 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.

	VMNFX	JAKVX	Difference
Sharpe ratio Return per unit of total volatility	2.11	—	—
Sortino ratio Return per unit of downside risk	3.14	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	3.34	—	—
Martin ratio Return relative to average drawdown	9.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VMNFX	JAKVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.75	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	3.80	-3.48

Correlation

The correlation between VMNFX and JAKVX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

VMNFX vs. JAKVX - Dividend Comparison

VMNFX's dividend yield for the trailing twelve months is around 3.30%, less than JAKVX's 7.94% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VMNFX Vanguard Market Neutral Fund Investor Shares	3.30%	3.53%	5.61%	5.09%	0.75%	0.16%	0.81%	3.16%	0.94%	1.07%	0.38%	0.02%
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6	7.94%	8.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VMNFX vs. JAKVX - Drawdown Comparison

The maximum VMNFX drawdown since its inception was -26.42%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for VMNFX and JAKVX.

Drawdown Indicators

	VMNFX	JAKVX	Difference
Max Drawdown Largest peak-to-trough decline	-26.42%	-5.16%	-21.26%
Max Drawdown (1Y) Largest decline over 1 year	-4.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.09%	—	—
Current Drawdown Current decline from peak	0.00%	-2.66%	+2.66%
Average Drawdown Average peak-to-trough decline	-8.81%	-0.82%	-7.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	—	—

Volatility

Volatility by Period

	VMNFX	JAKVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.67%	7.25%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.19%	7.25%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.34%	7.25%	-0.91%