FJAGX vs. JIEHX

Last updated Jun 13, 2026

FJAGX (Fidelity Advisor Freedom Blend 2025 Fund Class M) and JIEHX (John Hancock Funds Multi-Index 2060 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 5 years, FJAGX returned 4.69%/yr vs 9.40%/yr for JIEHX. Their correlation of 0.95 suggests significant overlap in exposure. FJAGX charges 0.95%/yr vs 0.01%/yr for JIEHX.

Performance

FJAGX vs. JIEHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2025 Fund Class M (FJAGX) and John Hancock Funds Multi-Index 2060 Lifetime Portfolio (JIEHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJAGX achieves a 6.78% return, which is significantly lower than JIEHX's 10.51% return.

FJAGX

• 1D: 1.78%
• 1M: 0.38%
• YTD: 6.78%
• 6M: 7.47%
• 1Y: 15.88%
• 3Y*: 11.76%
• 5Y*: 4.69%
• 10Y*: —

JIEHX

• 1D: 2.36%
• 1M: 0.39%
• YTD: 10.51%
• 6M: 11.04%
• 1Y: 24.38%
• 3Y*: 18.42%
• 5Y*: 9.40%
• 10Y*: —

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

FJAGX vs. JIEHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FJAGX Fidelity Advisor Freedom Blend 2025 Fund Class M	6.78%	15.30%	7.25%	13.45%	-17.62%	9.17%	13.59%	19.44%	-7.90%
JIEHX John Hancock Funds Multi-Index 2060 Lifetime Portfolio	10.51%	20.12%	15.37%	18.47%	-18.03%	18.48%	16.08%	25.00%	-11.99%

Correlation

The correlation between FJAGX and JIEHX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.95

The correlation between FJAGX and JIEHX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

FJAGX vs. JIEHX — Risk / Return Rank

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

FJAGX

FJAGX Risk / Return Rank: 62
FJAGX Sharpe Ratio Rank: 60
FJAGX Sortino Ratio Rank: 62
FJAGX Omega Ratio Rank: 65
FJAGX Calmar Ratio Rank: 59
FJAGX Martin Ratio Rank: 66

JIEHX

JIEHX Risk / Return Rank: 69
JIEHX Sharpe Ratio Rank: 68
JIEHX Sortino Ratio Rank: 64
JIEHX Omega Ratio Rank: 65
JIEHX Calmar Ratio Rank: 70
JIEHX Martin Ratio Rank: 77

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.

FJAGX vs. JIEHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2025 Fund Class M (FJAGX) and John Hancock Funds Multi-Index 2060 Lifetime Portfolio (JIEHX). 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.

	FJAGX	JIEHX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.95	-0.02
Sortino ratio: Return per unit of downside risk	2.75	2.68	+0.07
Omega ratio: Gain probability vs. loss probability	1.37	1.36	+0.02
Calmar ratio: Return relative to maximum drawdown	2.60	2.72	-0.12
Martin ratio: Return relative to average drawdown	11.01	11.77	-0.76

FJAGX vs. JIEHX - Sharpe Ratio Comparison

The current FJAGX Sharpe Ratio is 1.93, which is comparable to the JIEHX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FJAGX and JIEHX, 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

FJAGX vs. JIEHX - Drawdown Comparison

The maximum FJAGX drawdown since its inception was -24.31%, smaller than the maximum JIEHX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for FJAGX and JIEHX.

Drawdown Indicators

	FJAGX	JIEHX	Difference
Max Drawdown Largest peak-to-trough decline	-24.31%	-32.55%	+8.24%
Max Drawdown (1Y) Largest decline over 1 year	-6.33%	-9.18%	+2.85%
Max Drawdown (3Y) Largest decline over 3 years	-9.05%	-16.15%	+7.10%
Max Drawdown (5Y) Largest decline over 5 years	-24.31%	-25.70%	+1.39%
Current Drawdown Current decline from peak	-1.13%	-2.11%	+0.98%
Average Drawdown Average peak-to-trough decline	-5.34%	-4.98%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	2.11%	-0.62%

Volatility

FJAGX vs. JIEHX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom Blend 2025 Fund Class M (FJAGX) is 3.77%, while John Hancock Funds Multi-Index 2060 Lifetime Portfolio (JIEHX) has a volatility of 5.10%. This indicates that FJAGX experiences smaller price fluctuations and is considered to be less risky than JIEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJAGX	JIEHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	5.10%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	7.22%	10.49%	-3.27%
Volatility (1Y) Calculated over the trailing 1-year period	8.51%	12.77%	-4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.11%	15.34%	-5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.98%	16.48%	-5.50%

FJAGX vs. JIEHX - Expense Ratio Comparison

FJAGX has a 0.95% expense ratio, which is higher than JIEHX's 0.01% expense ratio.

Dividends

FJAGX vs. JIEHX - Dividend Comparison

FJAGX's dividend yield for the trailing twelve months is around 2.61%, less than JIEHX's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJAGX Fidelity Advisor Freedom Blend 2025 Fund Class M	2.61%	1.82%	1.38%	1.84%	5.03%	6.32%	3.75%	2.24%	1.98%	0.00%
JIEHX John Hancock Funds Multi-Index 2060 Lifetime Portfolio	3.21%	3.55%	1.76%	2.17%	6.57%	5.15%	3.18%	6.88%	6.99%	1.76%

Frequently Asked Questions

Can I hold both FJAGX and JIEHX in my portfolio?

With a correlation of 0.96, FJAGX and JIEHX 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, FJAGX or JIEHX?

JIEHX has higher volatility (5.10%) compared to FJAGX (3.77%). In terms of maximum drawdown, FJAGX dropped -24.31% vs JIEHX's -32.55%.

Which has better risk-adjusted returns?

JIEHX currently has the higher Sharpe Ratio (1.95 vs 1.93), 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.