FAFAX vs. JIEHX
FAFAX (Fidelity Advisor Freedom Income Fund Class A) and JIEHX (John Hancock Funds Multi-Index 2060 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 5 years, FAFAX returned 2.40%/yr vs 9.45%/yr for JIEHX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. FAFAX charges 0.72%/yr vs 0.01%/yr for JIEHX.
Performance
FAFAX vs. JIEHX - Performance Comparison
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Returns By Period
In the year-to-date period, FAFAX achieves a 3.47% return, which is significantly lower than JIEHX's 11.43% return.
FAFAX
- 1D
- 0.09%
- 1M
- -0.63%
- 6M
- 2.22%
- YTD
- 3.47%
- 1Y
- 7.19%
- 3Y*
- 6.96%
- 5Y*
- 2.40%
- 10Y*
- 3.88%
- ALL TIME*
- 3.61%
JIEHX
- 1D
- 0.29%
- 1M
- -0.05%
- 6M
- 7.53%
- YTD
- 11.43%
- 1Y
- 23.16%
- 3Y*
- 16.97%
- 5Y*
- 9.45%
- 10Y*
- —
- ALL TIME*
- 11.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FAFAX vs. JIEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFAX Fidelity Advisor Freedom Income Fund Class A | 3.47% | 9.76% | 4.04% | 7.83% | -11.67% | 2.92% | 8.46% | 10.85% | -2.03% | 7.12% |
JIEHX John Hancock Funds Multi-Index 2060 Lifetime Portfolio | 11.43% | 20.12% | 15.37% | 18.47% | -18.03% | 18.48% | 16.08% | 25.00% | -8.22% | 16.82% |
Correlation
The correlation between FAFAX and JIEHX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.71 |
The correlation between FAFAX and JIEHX shifts across timeframes, from 0.71 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FAFAX vs. JIEHX — Risk / Return Rank
FAFAX
JIEHX
FAFAX vs. JIEHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class A (FAFAX) and John Hancock Funds Multi-Index 2060 Lifetime Portfolio (JIEHX). 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.
| FAFAX | JIEHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.38 | -0.36 |
| Martin ratioReturn relative to average drawdown | 8.10 | 10.06 | -1.96 |
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Drawdowns
FAFAX vs. JIEHX - Drawdown Comparison
The maximum FAFAX drawdown since its inception was -19.07%, smaller than the maximum JIEHX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for FAFAX and JIEHX.
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Drawdown Indicators
| FAFAX | JIEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.07% | -32.55% | +13.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.73% | -9.18% | +5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -16.15% | +12.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -25.70% | +9.59% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | — | — |
Current DrawdownCurrent decline from peak | -1.17% | -1.30% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -4.93% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 2.17% | -1.24% |
Volatility
FAFAX vs. JIEHX - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Income Fund Class A (FAFAX) is 1.62%, while John Hancock Funds Multi-Index 2060 Lifetime Portfolio (JIEHX) has a volatility of 3.68%. This indicates that FAFAX experiences smaller price fluctuations and is considered to be less risky than JIEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFAX | JIEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 3.68% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 11.03% | -6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.17% | 13.25% | -8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.47% | 15.40% | -9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 16.44% | -11.75% |
FAFAX vs. JIEHX - Expense Ratio Comparison
FAFAX has a 0.72% expense ratio, which is higher than JIEHX's 0.01% expense ratio.
Dividends
FAFAX vs. JIEHX - Dividend Comparison
FAFAX's dividend yield for the trailing twelve months is around 2.34%, less than JIEHX's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFAX Fidelity Advisor Freedom Income Fund Class A | 2.34% | 2.93% | 2.88% | 2.66% | 5.70% | 5.06% | 3.60% | 3.52% | 5.39% | 3.13% | 2.86% | 2.82% |
JIEHX John Hancock Funds Multi-Index 2060 Lifetime Portfolio | 3.18% | 3.55% | 1.76% | 2.17% | 6.57% | 5.15% | 3.18% | 6.88% | 6.99% | 1.76% | 0.00% | 0.00% |
Frequently Asked Questions
FAFAX and JIEHX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JIEHX has higher volatility (3.68%) compared to FAFAX (1.62%). In terms of maximum drawdown, FAFAX dropped -19.07% vs JIEHX's -32.55%.
JIEHX currently has the higher Sharpe Ratio (1.65 vs 1.46), 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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