FHEFX vs. JLKYX

Last updated Aug 1, 2026

FHEFX (Fidelity Advisor Freedom Blend 2045 Fund Class M) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 5 years, FHEFX returned 8.84%/yr vs 9.40%/yr for JLKYX. Their 0.98 correlation means they have historically moved very closely together. FHEFX charges 0.99%/yr vs 0.01%/yr for JLKYX.

Performance

FHEFX vs. JLKYX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FHEFX having a 11.32% return and JLKYX slightly lower at 11.16%.

FHEFX

• 1D: 2.22%
• 1M: -1.04%
• 6M: 7.61%
• YTD: 11.32%
• 1Y: 23.30%
• 3Y*: 16.56%
• 5Y*: 8.84%
• 10Y*: —
• ALL TIME*: 10.60%

JLKYX

• 1D: 1.90%
• 1M: -0.32%
• 6M: 7.83%
• YTD: 11.16%
• 1Y: 22.87%
• 3Y*: 16.64%
• 5Y*: 9.40%
• 10Y*: 11.06%
• ALL TIME*: 9.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FHEFX Fidelity Advisor Freedom Blend 2045 Fund Class M	$0.00	$0.00	$0.00
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	$0.00	$0.00	$0.00

FHEFX vs. JLKYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHEFX Fidelity Advisor Freedom Blend 2045 Fund Class M	11.32%	21.96%	13.03%	19.86%	-19.64%	15.73%	17.15%	25.77%	-11.98%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	11.16%	20.04%	15.41%	18.53%	-18.04%	18.38%	16.13%	25.07%	-12.00%

Correlation

The correlation between FHEFX and JLKYX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.98

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

Return for Risk

FHEFX vs. JLKYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FHEFX

FHEFX Risk / Return Rank: 63
FHEFX Sharpe Ratio Rank: 59
FHEFX Sortino Ratio Rank: 57
FHEFX Omega Ratio Rank: 58
FHEFX Calmar Ratio Rank: 65
FHEFX Martin Ratio Rank: 75

JLKYX

JLKYX Risk / Return Rank: 69
JLKYX Sharpe Ratio Rank: 67
JLKYX Sortino Ratio Rank: 64
JLKYX Omega Ratio Rank: 65
JLKYX Calmar Ratio Rank: 70
JLKYX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FHEFX vs. JLKYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2045 Fund Class M (FHEFX) 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.

	FHEFX	JLKYX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.58	-0.04
Sortino ratio: Return per unit of downside risk	2.17	2.21	-0.04
Omega ratio: Gain probability vs. loss probability	1.28	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	2.27	2.28	-0.01
Martin ratio: Return relative to average drawdown	9.47	9.63	-0.16

FHEFX vs. JLKYX - Sharpe Ratio Comparison

The current FHEFX Sharpe Ratio is 1.54, which is comparable to the JLKYX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of FHEFX 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

FHEFX vs. JLKYX - Drawdown Comparison

The maximum FHEFX drawdown since its inception was -31.34%, roughly equal to the maximum JLKYX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for FHEFX and JLKYX.

Drawdown Indicators

	FHEFX	JLKYX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-32.55%	+1.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.48%	-9.16%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	-15.55%	-16.11%	+0.56%
Max Drawdown (5Y) Largest decline over 5 years	-28.17%	-25.75%	-2.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.55%	—
Current Drawdown Current decline from peak	-2.24%	-1.58%	-0.66%
Average Drawdown Average peak-to-trough decline	-6.06%	-4.62%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	2.17%	+0.10%

Volatility

FHEFX vs. JLKYX - Volatility Comparison

Fidelity Advisor Freedom Blend 2045 Fund Class M (FHEFX) has a higher volatility of 4.25% compared to John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) at 3.72%. This indicates that FHEFX'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

	FHEFX	JLKYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	3.72%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	11.91%	10.98%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	13.22%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	15.38%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	16.20%	+0.69%

FHEFX vs. JLKYX - Expense Ratio Comparison

FHEFX has a 0.99% expense ratio, which is higher than JLKYX's 0.01% expense ratio.

Dividends

FHEFX vs. JLKYX - Dividend Comparison

FHEFX's dividend yield for the trailing twelve months is around 3.35%, more than JLKYX's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHEFX Fidelity Advisor Freedom Blend 2045 Fund Class M	3.35%	2.35%	2.02%	1.54%	5.73%	8.17%	4.53%	2.99%	3.04%	0.00%	0.00%	0.00%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	3.24%	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 FHEFX and JLKYX in my portfolio?

With a correlation of 0.99, FHEFX 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, FHEFX or JLKYX?

FHEFX has higher volatility (4.25%) compared to JLKYX (3.72%). In terms of maximum drawdown, FHEFX dropped -31.34% vs JLKYX's -32.55%.

Which has better risk-adjusted returns?

JLKYX currently has the higher Sharpe Ratio (1.58 vs 1.54), 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.