WALSX vs. JAKVX
WALSX (Wasatch Long/Short Alpha Fund) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both Long-Short funds. Over the past year, WALSX returned -4.34% vs 26.35% for JAKVX. At a 0.26 correlation, their price movements are largely independent. WALSX charges 1.75%/yr vs 1.54%/yr for JAKVX.
Performance
WALSX vs. JAKVX - 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 JAKVX's 12.93% return.
WALSX
- 1D
- 0.62%
- 1M
- 0.46%
- YTD
- 5.95%
- 6M
- 4.67%
- 1Y
- -4.34%
- 3Y*
- 6.41%
- 5Y*
- —
- 10Y*
- —
JAKVX
- 1D
- -0.49%
- 1M
- 1.00%
- YTD
- 12.93%
- 6M
- 13.88%
- 1Y
- 26.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WALSX vs. JAKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WALSX Wasatch Long/Short Alpha Fund | 5.95% | -6.83% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 12.93% | 17.29% |
Correlation
The correlation between WALSX and JAKVX 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. JAKVX — Risk / Return Rank
WALSX
JAKVX
WALSX vs. JAKVX - 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 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.
| WALSX | JAKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.84 | ||
| Sortino ratioReturn per unit of downside risk | -5.36 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.72 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 5.22 | -5.50 |
| Martin ratioReturn relative to average drawdown | -0.51 | 18.35 | -18.86 |
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 | JAKVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 3.61 | -3.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 4.00 | -3.64 |
Drawdowns
WALSX vs. JAKVX - Drawdown Comparison
The maximum WALSX drawdown since its inception was -25.28%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for WALSX and JAKVX.
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Drawdown Indicators
| WALSX | JAKVX | 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% | -0.71% | -17.94% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -0.80% | -8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 1.47% | +5.66% |
Volatility
WALSX vs. JAKVX - 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 R6 (JAKVX) at 2.50%. This indicates that WALSX'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
| WALSX | JAKVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 2.50% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 5.91% | +5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 7.48% | +8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 7.33% | +9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 7.33% | +9.04% |
WALSX vs. JAKVX - Expense Ratio Comparison
WALSX has a 1.75% expense ratio, which is higher than JAKVX's 1.54% expense ratio.
Dividends
WALSX vs. JAKVX - Dividend Comparison
WALSX has not paid dividends to shareholders, while JAKVX's dividend yield for the trailing twelve months is around 7.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.50% | 8.47% | 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 JAKVX 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 JAKVX (2.50%). In terms of maximum drawdown, WALSX dropped -25.28% vs JAKVX's -5.16%.
JAKVX currently has the higher Sharpe Ratio (3.61 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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