FIOFX vs. JRLVX
FIOFX (Fidelity Freedom Index 2045 Fund Investor Class) and JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, FIOFX returned 12.16%/yr vs 11.66%/yr for JRLVX. With a 0.99 correlation, they move nearly in lockstep. FIOFX charges 0.12%/yr vs 0.01%/yr for JRLVX.
Performance
FIOFX vs. JRLVX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FIOFX having a 11.49% return and JRLVX slightly higher at 11.84%. Both investments have delivered pretty close results over the past 10 years, with FIOFX having a 12.16% annualized return and JRLVX not far behind at 11.66%.
FIOFX
- 1D
- -0.17%
- 1M
- 1.72%
- YTD
- 11.49%
- 6M
- 10.89%
- 1Y
- 26.36%
- 3Y*
- 18.83%
- 5Y*
- 9.76%
- 10Y*
- 12.16%
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%
FIOFX vs. JRLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | 11.49% | 21.40% | 14.14% | 19.90% | -18.21% | 15.95% | 16.43% | 25.96% | -7.24% | 20.59% |
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 FIOFX 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 | 1.00 |
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 Nov 8, 2013 | 0.99 |
The correlation between FIOFX 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
FIOFX vs. JRLVX — Risk / Return Rank
FIOFX
JRLVX
FIOFX vs. JRLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) 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.
| FIOFX | 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 | 3.10 | 3.19 | -0.09 |
| Martin ratioReturn relative to average drawdown | 13.35 | 13.84 | -0.49 |
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Drawdowns
FIOFX vs. JRLVX - Drawdown Comparison
The maximum FIOFX drawdown since its inception was -30.72%, smaller than the maximum JRLVX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for FIOFX and JRLVX.
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Drawdown Indicators
| FIOFX | JRLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -32.53% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -8.50% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -15.27% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -25.64% | -0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -32.53% | +1.81% |
Current DrawdownCurrent decline from peak | -0.64% | -0.43% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -4.54% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.96% | +0.10% |
Volatility
FIOFX vs. JRLVX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) have volatilities of 4.88% and 4.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIOFX | JRLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.71% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 9.85% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 11.98% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 14.88% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 16.03% | -0.83% |
FIOFX vs. JRLVX - Expense Ratio Comparison
FIOFX has a 0.12% 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
FIOFX vs. JRLVX - Dividend Comparison
FIOFX's dividend yield for the trailing twelve months is around 1.91%, less than JRLVX's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | 1.91% | 2.03% | 2.01% | 1.95% | 2.03% | 1.92% | 1.95% | 14.88% | 2.26% | 1.89% | 2.00% | 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, FIOFX 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.
FIOFX has higher volatility (4.88%) compared to JRLVX (4.71%). In terms of maximum drawdown, FIOFX dropped -30.72% 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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