WPOPX vs. JAKRX
WPOPX (Weitz Partners III Opportunity Fund) and JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) are both Long-Short funds. Over the past year, WPOPX returned -1.31% vs 19.00% for JAKRX. At a 0.27 correlation, their price movements are largely independent. WPOPX charges 1.43%/yr vs 1.91%/yr for JAKRX.
Performance
WPOPX vs. JAKRX - Performance Comparison
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Returns By Period
In the year-to-date period, WPOPX achieves a -3.24% return, which is significantly lower than JAKRX's 9.32% return.
WPOPX
- 1D
- 1.05%
- 1M
- -0.79%
- YTD
- -3.24%
- 6M
- -4.13%
- 1Y
- -1.31%
- 3Y*
- 7.93%
- 5Y*
- 1.09%
- 10Y*
- 6.38%
JAKRX
- 1D
- 0.29%
- 1M
- -2.60%
- YTD
- 9.32%
- 6M
- 9.32%
- 1Y
- 19.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WPOPX vs. JAKRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WPOPX Weitz Partners III Opportunity Fund | -3.24% | 8.38% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 9.32% | 17.04% |
Correlation
The correlation between WPOPX and JAKRX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.27 |
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Return for Risk
WPOPX vs. JAKRX — Risk / Return Rank
WPOPX
JAKRX
WPOPX vs. JAKRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Partners III Opportunity Fund (WPOPX) 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.
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.
| WPOPX | JAKRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.48 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 3.73 | -3.86 |
| Martin ratioReturn relative to average drawdown | -0.39 | 12.06 | -12.45 |
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Drawdowns
WPOPX vs. JAKRX - Drawdown Comparison
The maximum WPOPX drawdown since its inception was -55.70%, which is greater than JAKRX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for WPOPX and JAKRX.
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Drawdown Indicators
| WPOPX | JAKRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.70% | -5.16% | -50.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.44% | -5.16% | -7.28% |
Max Drawdown (3Y)Largest decline over 3 years | -14.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.73% | — | — |
Current DrawdownCurrent decline from peak | -5.51% | -3.98% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -0.87% | -7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 1.59% | +2.77% |
Volatility
WPOPX vs. JAKRX - Volatility Comparison
Weitz Partners III Opportunity Fund (WPOPX) has a higher volatility of 4.23% compared to John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) at 2.78%. This indicates that WPOPX'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
| WPOPX | JAKRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 2.78% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 6.31% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 7.75% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 7.52% | +8.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 7.52% | +8.44% |
WPOPX vs. JAKRX - Expense Ratio Comparison
WPOPX has a 1.43% expense ratio, which is lower than JAKRX's 1.91% expense ratio.
Dividends
WPOPX vs. JAKRX - Dividend Comparison
WPOPX's dividend yield for the trailing twelve months is around 5.81%, less than JAKRX's 7.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 7.41% | 8.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WPOPX Weitz Partners III Opportunity Fund | 5.81% | 5.62% | 7.04% | 6.85% | 8.47% | 11.86% | 12.50% | 6.51% | 7.99% | 4.65% | 1.35% | 13.50% |
Frequently Asked Questions
WPOPX and JAKRX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WPOPX has higher volatility (4.23%) compared to JAKRX (2.78%). In terms of maximum drawdown, WPOPX dropped -55.70% vs JAKRX's -5.16%.
JAKRX currently has the higher Sharpe Ratio (2.48 vs -0.14), 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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