FFOPX vs. JRLVX
FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) and JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, FFOPX returned 12.24%/yr vs 11.66%/yr for JRLVX. With a 0.99 correlation, they move nearly in lockstep. FFOPX charges 0.08%/yr vs 0.01%/yr for JRLVX.
Performance
FFOPX vs. JRLVX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FFOPX having a 11.72% return and JRLVX slightly higher at 11.84%. Both investments have delivered pretty close results over the past 10 years, with FFOPX having a 12.24% annualized return and JRLVX not far behind at 11.66%.
FFOPX
- 1D
- -0.17%
- 1M
- 1.74%
- YTD
- 11.72%
- 6M
- 11.09%
- 1Y
- 26.60%
- 3Y*
- 18.95%
- 5Y*
- 9.84%
- 10Y*
- 12.24%
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%
FFOPX vs. JRLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 11.72% | 21.41% | 14.20% | 19.97% | -18.20% | 15.98% | 16.55% | 26.00% | -7.19% | 20.61% |
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 FFOPX 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 | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.99 |
The correlation between FFOPX and JRLVX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FFOPX vs. JRLVX — Risk / Return Rank
FFOPX
JRLVX
FFOPX vs. JRLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) 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.
| FFOPX | JRLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.19 | -0.10 |
| Martin ratioReturn relative to average drawdown | 13.31 | 13.84 | -0.53 |
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Drawdowns
FFOPX vs. JRLVX - Drawdown Comparison
The maximum FFOPX drawdown since its inception was -30.71%, smaller than the maximum JRLVX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for FFOPX and JRLVX.
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Drawdown Indicators
| FFOPX | JRLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -32.53% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.97% | -8.50% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -15.27% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -25.64% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -30.71% | -32.53% | +1.82% |
Current DrawdownCurrent decline from peak | -0.66% | -0.43% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -4.54% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.96% | +0.12% |
Volatility
FFOPX vs. JRLVX - Volatility Comparison
Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) has a higher volatility of 4.96% compared to John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) at 4.71%. This indicates that FFOPX'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
| FFOPX | JRLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 4.71% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 9.85% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 11.98% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.51% | 14.88% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 16.03% | -0.82% |
FFOPX vs. JRLVX - Expense Ratio Comparison
FFOPX has a 0.08% 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
FFOPX vs. JRLVX - Dividend Comparison
FFOPX's dividend yield for the trailing twelve months is around 1.79%, less than JRLVX's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.79% | 2.01% | 2.04% | 1.98% | 2.07% | 2.05% | 1.97% | 15.21% | 2.32% | 2.09% | 2.14% | 2.01% |
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, FFOPX 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.
FFOPX has higher volatility (4.96%) compared to JRLVX (4.71%). In terms of maximum drawdown, FFOPX dropped -30.71% vs JRLVX's -32.53%.
JRLVX currently has the higher Sharpe Ratio (2.27 vs 2.25), 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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