WALSX vs. JAKRX
WALSX (Wasatch Long/Short Alpha Fund) and JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) are both Long-Short funds. Over the past year, WALSX returned -4.34% vs 26.01% for JAKRX. At a 0.26 correlation, their price movements are largely independent. WALSX charges 1.75%/yr vs 1.91%/yr for JAKRX.
Performance
WALSX vs. JAKRX - Performance Comparison
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Returns By Period
In the year-to-date period, WALSX achieves a 5.95% return, which is significantly lower than JAKRX's 12.80% return.
WALSX
- 1D
- 0.62%
- 1M
- 0.46%
- YTD
- 5.95%
- 6M
- 4.67%
- 1Y
- -4.34%
- 3Y*
- 6.41%
- 5Y*
- —
- 10Y*
- —
JAKRX
- 1D
- -0.44%
- 1M
- 1.00%
- YTD
- 12.80%
- 6M
- 13.69%
- 1Y
- 26.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WALSX vs. JAKRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WALSX Wasatch Long/Short Alpha Fund | 5.95% | -6.83% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 12.80% | 17.04% |
Correlation
The correlation between WALSX and JAKRX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.26 |
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Return for Risk
WALSX vs. JAKRX — Risk / Return Rank
WALSX
JAKRX
WALSX vs. JAKRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Long/Short Alpha Fund (WALSX) and John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX). 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.
| WALSX | JAKRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.81 | ||
| Sortino ratioReturn per unit of downside risk | -5.34 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.72 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 5.14 | -5.41 |
| Martin ratioReturn relative to average drawdown | -0.51 | 18.09 | -18.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WALSX | JAKRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 3.58 | -3.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 3.97 | -3.61 |
Drawdowns
WALSX vs. JAKRX - Drawdown Comparison
The maximum WALSX drawdown since its inception was -25.28%, which is greater than JAKRX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for WALSX and JAKRX.
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Drawdown Indicators
| WALSX | JAKRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -5.16% | -20.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -5.16% | -8.26% |
Max Drawdown (3Y)Largest decline over 3 years | -25.28% | — | — |
Current DrawdownCurrent decline from peak | -18.65% | -0.66% | -17.99% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -0.80% | -8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 1.46% | +5.67% |
Volatility
WALSX vs. JAKRX - Volatility Comparison
Wasatch Long/Short Alpha Fund (WALSX) has a higher volatility of 4.12% compared to John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) at 2.41%. This indicates that WALSX's price experiences larger fluctuations and is considered to be riskier than JAKRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WALSX | JAKRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 2.41% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 5.86% | +5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 7.43% | +8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 7.29% | +9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 7.29% | +9.08% |
WALSX vs. JAKRX - Expense Ratio Comparison
WALSX has a 1.75% expense ratio, which is lower than JAKRX's 1.91% expense ratio.
Dividends
WALSX vs. JAKRX - Dividend Comparison
WALSX has not paid dividends to shareholders, while JAKRX's dividend yield for the trailing twelve months is around 7.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 7.18% | 8.10% | 0.00% | 0.00% | 0.00% |
WALSX Wasatch Long/Short Alpha Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% |
Frequently Asked Questions
WALSX and JAKRX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WALSX has higher volatility (4.12%) compared to JAKRX (2.41%). In terms of maximum drawdown, WALSX dropped -25.28% vs JAKRX's -5.16%.
JAKRX currently has the higher Sharpe Ratio (3.58 vs -0.23), 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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