FDEEX vs. JRLVX
FDEEX (Fidelity Freedom 2055 Fund) and JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, FDEEX returned 12.52%/yr vs 11.37%/yr for JRLVX. With a 0.98 correlation, they move nearly in lockstep. FDEEX charges 0.75%/yr vs 0.01%/yr for JRLVX.
Performance
FDEEX vs. JRLVX - Performance Comparison
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Returns By Period
In the year-to-date period, FDEEX achieves a 14.92% return, which is significantly higher than JRLVX's 11.90% return. Over the past 10 years, FDEEX has outperformed JRLVX with an annualized return of 12.52%, while JRLVX has yielded a comparatively lower 11.37% annualized return.
FDEEX
- 1D
- 1.50%
- 1M
- 3.41%
- YTD
- 14.92%
- 6M
- 15.68%
- 1Y
- 32.45%
- 3Y*
- 20.03%
- 5Y*
- 10.71%
- 10Y*
- 12.52%
JRLVX
- 1D
- 1.10%
- 1M
- 2.06%
- YTD
- 11.90%
- 6M
- 12.29%
- 1Y
- 27.09%
- 3Y*
- 17.60%
- 5Y*
- 9.73%
- 10Y*
- 11.37%
FDEEX vs. JRLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEEX Fidelity Freedom 2055 Fund | 14.92% | 23.74% | 14.02% | 20.55% | -19.19% | 16.57% | 18.26% | 25.35% | -8.92% | 22.32% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 11.90% | 19.25% | 14.50% | 18.00% | -18.06% | 18.45% | 16.23% | 25.03% | -8.29% | 17.40% |
Correlation
The correlation between FDEEX and JRLVX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.98 |
The correlation between FDEEX and JRLVX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
FDEEX vs. JRLVX — Risk / Return Rank
FDEEX
JRLVX
FDEEX vs. JRLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2055 Fund (FDEEX) 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.
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.
| FDEEX | JRLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.15 | +0.13 |
| Martin ratioReturn relative to average drawdown | 14.37 | 13.66 | +0.71 |
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Drawdowns
FDEEX vs. JRLVX - Drawdown Comparison
The maximum FDEEX drawdown since its inception was -31.00%, roughly equal to the maximum JRLVX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for FDEEX and JRLVX.
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Drawdown Indicators
| FDEEX | JRLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.00% | -32.53% | +1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -8.50% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.39% | -15.27% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -25.64% | -1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -31.00% | -32.53% | +1.53% |
Current DrawdownCurrent decline from peak | 0.00% | -0.38% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -4.55% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.96% | +0.27% |
Volatility
FDEEX vs. JRLVX - Volatility Comparison
Fidelity Freedom 2055 Fund (FDEEX) has a higher volatility of 5.84% compared to John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) at 4.82%. This indicates that FDEEX's price experiences larger fluctuations and is considered to be riskier 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
| FDEEX | JRLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 4.82% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 9.88% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 11.96% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 14.88% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 16.03% | -0.57% |
FDEEX vs. JRLVX - Expense Ratio Comparison
FDEEX has a 0.75% expense ratio, which is higher than JRLVX's 0.01% expense ratio.
Dividends
FDEEX vs. JRLVX - Dividend Comparison
FDEEX's dividend yield for the trailing twelve months is around 4.92%, more than JRLVX's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEEX Fidelity Freedom 2055 Fund | 4.92% | 3.87% | 1.73% | 1.91% | 10.33% | 11.20% | 4.20% | 6.23% | 6.68% | 3.59% | 3.52% | 4.99% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 3.18% | 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
With a correlation of 0.99, FDEEX and JRLVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FDEEX has higher volatility (5.84%) compared to JRLVX (4.82%). In terms of maximum drawdown, FDEEX dropped -31.00% vs JRLVX's -32.53%.
FDEEX currently has the higher Sharpe Ratio (2.34 vs 2.24), 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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