FFFIX vs. JLKYX

Last updated Jun 23, 2026

FFFIX (Fidelity Advisor Freedom 2045 Fund Class I) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, FFFIX returned 12.26%/yr vs 11.62%/yr for JLKYX. With a 0.98 correlation, they move nearly in lockstep. FFFIX charges 0.75%/yr vs 0.01%/yr for JLKYX.

Performance

FFFIX vs. JLKYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2045 Fund Class I (FFFIX) and John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFFIX achieves a 13.20% return, which is significantly higher than JLKYX's 12.46% return. Over the past 10 years, FFFIX has outperformed JLKYX with an annualized return of 12.26%, while JLKYX has yielded a comparatively lower 11.62% annualized return.

FFFIX

• 1D: 1.43%
• 1M: 3.15%
• YTD: 13.20%
• 6M: 13.27%
• 1Y: 28.92%
• 3Y*: 19.12%
• 5Y*: 10.23%
• 10Y*: 12.26%

JLKYX

• 1D: 1.17%
• 1M: 1.94%
• YTD: 12.46%
• 6M: 12.10%
• 1Y: 28.63%
• 3Y*: 18.44%
• 5Y*: 10.26%
• 10Y*: 11.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFFIX vs. JLKYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFFIX Fidelity Advisor Freedom 2045 Fund Class I	13.20%	23.01%	13.79%	19.24%	-18.13%	15.96%	17.59%	26.58%	-8.16%	21.67%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	12.46%	20.04%	15.41%	18.53%	-18.04%	18.38%	16.13%	25.07%	-8.32%	17.29%

Correlation

The correlation between FFFIX and JLKYX 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 Mar 27, 2014	0.98

The correlation between FFFIX and JLKYX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

FFFIX vs. JLKYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFFIX

FFFIX Risk / Return Rank: 64
FFFIX Sharpe Ratio Rank: 62
FFFIX Sortino Ratio Rank: 59
FFFIX Omega Ratio Rank: 62
FFFIX Calmar Ratio Rank: 65
FFFIX Martin Ratio Rank: 71

JLKYX

JLKYX Risk / Return Rank: 68
JLKYX Sharpe Ratio Rank: 68
JLKYX Sortino Ratio Rank: 63
JLKYX Omega Ratio Rank: 64
JLKYX Calmar Ratio Rank: 71
JLKYX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFFIX vs. JLKYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2045 Fund Class I (FFFIX) and John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX). 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.

	FFFIX	JLKYX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.22	-0.08
Sortino ratio: Return per unit of downside risk	2.94	3.02	-0.08
Omega ratio: Gain probability vs. loss probability	1.40	1.40	-0.01
Calmar ratio: Return relative to maximum drawdown	2.97	3.09	-0.13
Martin ratio: Return relative to average drawdown	12.74	13.41	-0.67

FFFIX vs. JLKYX - Sharpe Ratio Comparison

The current FFFIX Sharpe Ratio is 2.13, which is comparable to the JLKYX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of FFFIX and JLKYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FFFIX vs. JLKYX - Drawdown Comparison

The maximum FFFIX drawdown since its inception was -56.61%, which is greater than JLKYX's maximum drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for FFFIX and JLKYX.

Drawdown Indicators

	FFFIX	JLKYX	Difference
Max Drawdown Largest peak-to-trough decline	-56.61%	-32.55%	-24.06%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-9.16%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	-15.13%	-16.11%	+0.98%
Max Drawdown (5Y) Largest decline over 5 years	-27.37%	-25.75%	-1.62%
Max Drawdown (10Y) Largest decline over 10 years	-31.30%	-32.55%	+1.25%
Current Drawdown Current decline from peak	0.00%	-0.42%	+0.42%
Average Drawdown Average peak-to-trough decline	-8.57%	-4.65%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.11%	+0.13%

Volatility

FFFIX vs. JLKYX - Volatility Comparison

Fidelity Advisor Freedom 2045 Fund Class I (FFFIX) has a higher volatility of 5.59% compared to John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) at 5.11%. This indicates that FFFIX's price experiences larger fluctuations and is considered to be riskier than JLKYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFFIX	JLKYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	5.11%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	11.40%	10.57%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	12.77%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.07%	15.34%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.54%	16.26%	-0.72%

FFFIX vs. JLKYX - Expense Ratio Comparison

FFFIX has a 0.75% expense ratio, which is higher than JLKYX's 0.01% expense ratio.

Dividends

FFFIX vs. JLKYX - Dividend Comparison

FFFIX's dividend yield for the trailing twelve months is around 6.91%, more than JLKYX's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFFIX Fidelity Advisor Freedom 2045 Fund Class I	6.91%	6.23%	0.28%	1.38%	10.86%	9.63%	5.33%	6.99%	11.77%	4.73%	4.81%	4.00%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	3.21%	3.61%	1.77%	2.16%	8.08%	5.71%	3.88%	8.54%	10.69%	4.33%	3.23%	1.75%

Frequently Asked Questions

Can I hold both FFFIX and JLKYX in my portfolio?

With a correlation of 0.99, FFFIX and JLKYX 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.

Which is riskier, FFFIX or JLKYX?

FFFIX has higher volatility (5.59%) compared to JLKYX (5.11%). In terms of maximum drawdown, FFFIX dropped -56.61% vs JLKYX's -32.55%.

Which has better risk-adjusted returns?

JLKYX currently has the higher Sharpe Ratio (2.22 vs 2.13), 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.