FHTEX vs. JLEAX

Last updated Jun 23, 2026

FHTEX (Fidelity Advisor Freedom Blend 2055 Fund Class M) and JLEAX (John Hancock Funds II Multimanager 2025 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 5 years, FHTEX returned 10.41%/yr vs 4.94%/yr for JLEAX. With a 0.96 correlation, they move nearly in lockstep. FHTEX charges 0.99%/yr vs 0.42%/yr for JLEAX.

Performance

FHTEX vs. JLEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2055 Fund Class M (FHTEX) and John Hancock Funds II Multimanager 2025 Lifetime Portfolio (JLEAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHTEX achieves a 14.28% return, which is significantly higher than JLEAX's 7.06% return.

FHTEX

• 1D: 1.46%
• 1M: 3.15%
• YTD: 14.28%
• 6M: 14.22%
• 1Y: 30.90%
• 3Y*: 19.61%
• 5Y*: 10.41%
• 10Y*: —

JLEAX

• 1D: 0.69%
• 1M: 1.40%
• YTD: 7.06%
• 6M: 7.10%
• 1Y: 16.27%
• 3Y*: 11.06%
• 5Y*: 4.94%
• 10Y*: 7.58%

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

FHTEX vs. JLEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHTEX Fidelity Advisor Freedom Blend 2055 Fund Class M	14.28%	22.02%	15.45%	19.87%	-19.46%	15.73%	17.10%	25.83%	-11.99%
JLEAX John Hancock Funds II Multimanager 2025 Lifetime Portfolio	7.06%	13.39%	7.62%	12.47%	-16.87%	11.05%	15.34%	19.43%	-9.08%

Correlation

The correlation between FHTEX and JLEAX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.96

The correlation between FHTEX and JLEAX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

FHTEX vs. JLEAX — Risk / Return Rank

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

FHTEX

FHTEX Risk / Return Rank: 71
FHTEX Sharpe Ratio Rank: 70
FHTEX Sortino Ratio Rank: 65
FHTEX Omega Ratio Rank: 68
FHTEX Calmar Ratio Rank: 72
FHTEX Martin Ratio Rank: 79

JLEAX

JLEAX Risk / Return Rank: 67
JLEAX Sharpe Ratio Rank: 66
JLEAX Sortino Ratio Rank: 66
JLEAX Omega Ratio Rank: 71
JLEAX Calmar Ratio Rank: 63
JLEAX Martin Ratio Rank: 69

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.

FHTEX vs. JLEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2055 Fund Class M (FHTEX) and John Hancock Funds II Multimanager 2025 Lifetime Portfolio (JLEAX). 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.

	FHTEX	JLEAX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.18	+0.06
Sortino ratio: Return per unit of downside risk	3.06	3.09	-0.02
Omega ratio: Gain probability vs. loss probability	1.42	1.43	-0.01
Calmar ratio: Return relative to maximum drawdown	3.14	2.89	+0.24
Martin ratio: Return relative to average drawdown	13.63	12.43	+1.20

FHTEX vs. JLEAX - Sharpe Ratio Comparison

The current FHTEX Sharpe Ratio is 2.24, which is comparable to the JLEAX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FHTEX and JLEAX, 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

FHTEX vs. JLEAX - Drawdown Comparison

The maximum FHTEX drawdown since its inception was -31.37%, smaller than the maximum JLEAX drawdown of -54.13%. Use the drawdown chart below to compare losses from any high point for FHTEX and JLEAX.

Drawdown Indicators

	FHTEX	JLEAX	Difference
Max Drawdown Largest peak-to-trough decline	-31.37%	-54.13%	+22.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.73%	-5.56%	-4.17%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-8.59%	-6.99%
Max Drawdown (5Y) Largest decline over 5 years	-28.16%	-23.34%	-4.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.64%	—
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-6.07%	-7.49%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	1.29%	+0.95%

Volatility

FHTEX vs. JLEAX - Volatility Comparison

Fidelity Advisor Freedom Blend 2055 Fund Class M (FHTEX) has a higher volatility of 5.83% compared to John Hancock Funds II Multimanager 2025 Lifetime Portfolio (JLEAX) at 3.08%. This indicates that FHTEX's price experiences larger fluctuations and is considered to be riskier than JLEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHTEX	JLEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	3.08%	+2.75%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	6.25%	+5.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.64%	7.38%	+6.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	9.58%	+5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.96%	10.54%	+6.42%

FHTEX vs. JLEAX - Expense Ratio Comparison

FHTEX has a 0.99% expense ratio, which is higher than JLEAX's 0.42% expense ratio.

Dividends

FHTEX vs. JLEAX - Dividend Comparison

FHTEX's dividend yield for the trailing twelve months is around 2.97%, less than JLEAX's 7.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHTEX Fidelity Advisor Freedom Blend 2055 Fund Class M	2.97%	2.10%	4.34%	1.62%	5.81%	7.93%	4.28%	2.65%	3.51%	0.00%	0.00%	0.00%
JLEAX John Hancock Funds II Multimanager 2025 Lifetime Portfolio	7.73%	8.28%	3.24%	3.40%	16.06%	10.15%	6.03%	9.58%	11.67%	6.30%	6.91%	6.40%

Frequently Asked Questions

Can I hold both FHTEX and JLEAX in my portfolio?

With a correlation of 0.97, FHTEX and JLEAX 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, FHTEX or JLEAX?

FHTEX has higher volatility (5.83%) compared to JLEAX (3.08%). In terms of maximum drawdown, FHTEX dropped -31.37% vs JLEAX's -54.13%.

Which has better risk-adjusted returns?

FHTEX currently has the higher Sharpe Ratio (2.24 vs 2.18), 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.