FFFAX vs. JRLVX
FFFAX (Fidelity Freedom Income Fund) and JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, FFFAX returned 4.60%/yr vs 11.66%/yr for JRLVX. A 0.74 correlation means they provide meaningful diversification when combined. FFFAX charges 0.47%/yr vs 0.01%/yr for JRLVX.
Performance
FFFAX vs. JRLVX - Performance Comparison
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Returns By Period
In the year-to-date period, FFFAX achieves a 4.83% return, which is significantly lower than JRLVX's 11.84% return. Over the past 10 years, FFFAX has underperformed JRLVX with an annualized return of 4.60%, while JRLVX has yielded a comparatively higher 11.66% annualized return.
FFFAX
- 1D
- -0.25%
- 1M
- 1.07%
- YTD
- 4.83%
- 6M
- 4.77%
- 1Y
- 10.53%
- 3Y*
- 7.93%
- 5Y*
- 3.20%
- 10Y*
- 4.60%
JRLVX
- 1D
- -0.05%
- 1M
- 1.78%
- YTD
- 11.84%
- 6M
- 11.18%
- 1Y
- 26.10%
- 3Y*
- 18.43%
- 5Y*
- 9.42%
- 10Y*
- 11.66%
FFFAX vs. JRLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 4.83% | 10.42% | 4.34% | 8.18% | -11.33% | 3.12% | 8.93% | 10.74% | -1.99% | 8.21% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 11.84% | 19.25% | 14.50% | 18.00% | -18.06% | 18.45% | 16.23% | 25.03% | -8.29% | 17.40% |
Correlation
The correlation between FFFAX and JRLVX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.74 |
The correlation between FFFAX and JRLVX shifts across timeframes, from 0.71 (5 years) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FFFAX vs. JRLVX — Risk / Return Rank
FFFAX
JRLVX
FFFAX vs. JRLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund (FFFAX) 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.
| FFFAX | JRLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.42 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.19 | -0.21 |
| Martin ratioReturn relative to average drawdown | 12.83 | 13.84 | -1.02 |
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Drawdowns
FFFAX vs. JRLVX - Drawdown Comparison
The maximum FFFAX drawdown since its inception was -17.96%, smaller than the maximum JRLVX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for FFFAX and JRLVX.
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Drawdown Indicators
| FFFAX | JRLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.96% | -32.53% | +14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -8.50% | +4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -4.91% | -15.27% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -25.64% | +9.77% |
Max Drawdown (10Y)Largest decline over 10 years | -15.87% | -32.53% | +16.66% |
Current DrawdownCurrent decline from peak | -0.25% | -0.43% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -4.54% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.96% | -1.11% |
Volatility
FFFAX vs. JRLVX - Volatility Comparison
The current volatility for Fidelity Freedom Income Fund (FFFAX) is 2.29%, while John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) has a volatility of 4.71%. This indicates that FFFAX 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
| FFFAX | JRLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 4.71% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 9.85% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 11.98% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 14.88% | -9.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 16.03% | -11.35% |
FFFAX vs. JRLVX - Expense Ratio Comparison
FFFAX has a 0.47% expense ratio, which is higher than JRLVX's 0.01% expense ratio.
Dividends
FFFAX vs. JRLVX - Dividend Comparison
FFFAX's dividend yield for the trailing twelve months is around 2.95%, less than JRLVX's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 2.95% | 3.29% | 3.13% | 2.92% | 5.89% | 6.12% | 4.37% | 3.65% | 5.17% | 3.74% | 3.21% | 3.28% |
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
FFFAX and JRLVX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JRLVX has higher volatility (4.71%) compared to FFFAX (2.29%). In terms of maximum drawdown, FFFAX dropped -17.96% vs JRLVX's -32.53%.
JRLVX currently has the higher Sharpe Ratio (2.27 vs 2.21), 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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