DRIWX vs. JRLVX
DRIWX (Dimensional 2030 Target Date Retirement Income Fund) and JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, DRIWX returned 6.37%/yr vs 11.28%/yr for JRLVX. A 0.76 correlation means they provide meaningful diversification when combined. DRIWX charges 0.20%/yr vs 0.01%/yr for JRLVX.
Performance
DRIWX vs. JRLVX - Performance Comparison
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Returns By Period
In the year-to-date period, DRIWX achieves a 4.80% return, which is significantly lower than JRLVX's 11.53% return. Over the past 10 years, DRIWX has underperformed JRLVX with an annualized return of 6.37%, while JRLVX has yielded a comparatively higher 11.28% annualized return.
DRIWX
- 1D
- -0.47%
- 1M
- 1.44%
- YTD
- 4.80%
- 6M
- 4.39%
- 1Y
- 12.39%
- 3Y*
- 8.04%
- 5Y*
- 2.19%
- 10Y*
- 6.37%
JRLVX
- 1D
- -0.71%
- 1M
- 3.39%
- YTD
- 11.53%
- 6M
- 12.12%
- 1Y
- 26.43%
- 3Y*
- 18.62%
- 5Y*
- 9.25%
- 10Y*
- 11.28%
DRIWX vs. JRLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIWX Dimensional 2030 Target Date Retirement Income Fund | 4.80% | 9.89% | 5.12% | 10.05% | -22.34% | 13.46% | 18.33% | 21.04% | -7.35% | 15.68% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 11.53% | 19.25% | 14.50% | 18.00% | -18.06% | 18.45% | 16.23% | 25.03% | -8.29% | 17.40% |
Correlation
The correlation between DRIWX and JRLVX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.76 |
The correlation between DRIWX and JRLVX has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
DRIWX vs. JRLVX — Risk / Return Rank
DRIWX
JRLVX
DRIWX vs. JRLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2030 Target Date Retirement Income Fund (DRIWX) and John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX). 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.
| DRIWX | JRLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.43 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.16 | -0.86 |
| Martin ratioReturn relative to average drawdown | 8.96 | 14.03 | -5.06 |
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
| DRIWX | JRLVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 2.38 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.63 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.71 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.65 | +0.02 |
Drawdowns
DRIWX vs. JRLVX - Drawdown Comparison
The maximum DRIWX drawdown since its inception was -27.45%, smaller than the maximum JRLVX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for DRIWX and JRLVX.
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Drawdown Indicators
| DRIWX | JRLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.45% | -32.53% | +5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -8.50% | +2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -10.68% | -15.27% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -27.45% | -25.64% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -27.45% | -32.53% | +5.08% |
Current DrawdownCurrent decline from peak | -0.47% | -0.71% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -4.56% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 1.91% | -0.44% |
Volatility
DRIWX vs. JRLVX - Volatility Comparison
The current volatility for Dimensional 2030 Target Date Retirement Income Fund (DRIWX) is 2.24%, while John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) has a volatility of 3.41%. This indicates that DRIWX experiences smaller price fluctuations and is considered to be less risky than JRLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIWX | JRLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 3.41% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 5.21% | 8.97% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 11.29% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 14.77% | -4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 15.99% | -5.89% |
DRIWX vs. JRLVX - Expense Ratio Comparison
DRIWX has a 0.20% expense ratio, which is higher than JRLVX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DRIWX vs. JRLVX - Dividend Comparison
DRIWX's dividend yield for the trailing twelve months is around 6.65%, more than JRLVX's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIWX Dimensional 2030 Target Date Retirement Income Fund | 6.65% | 6.89% | 6.04% | 4.10% | 6.63% | 5.81% | 3.93% | 2.39% | 2.45% | 1.33% | 1.40% | 0.00% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 3.19% | 3.55% | 1.89% | 2.24% | 8.03% | 6.00% | 4.26% | 8.99% | 10.96% | 4.29% | 3.40% | 1.90% |
Frequently Asked Questions
DRIWX and JRLVX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JRLVX has higher volatility (3.41%) compared to DRIWX (2.24%). In terms of maximum drawdown, DRIWX dropped -27.45% vs JRLVX's -32.53%.
JRLVX currently has the higher Sharpe Ratio (2.38 vs 1.94), 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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