FJEFX vs. JLKYX

Last updated Jun 6, 2026

FJEFX (Fidelity Advisor Freedom Blend 2030 Fund Class I) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 5 years, FJEFX returned 6.67%/yr vs 9.85%/yr for JLKYX. With a 0.96 correlation, they move nearly in lockstep. FJEFX charges 0.46%/yr vs 0.01%/yr for JLKYX.

Performance

FJEFX vs. JLKYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2030 Fund Class I (FJEFX) and John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJEFX achieves a 8.78% return, which is significantly lower than JLKYX's 12.46% return.

FJEFX

• 1D: 0.22%
• 1M: 1.30%
• YTD: 8.78%
• 6M: 9.50%
• 1Y: 20.27%
• 3Y*: 14.93%
• 5Y*: 6.67%
• 10Y*: —

JLKYX

• 1D: 0.32%
• 1M: 2.27%
• YTD: 12.46%
• 6M: 12.87%
• 1Y: 27.62%
• 3Y*: 19.72%
• 5Y*: 9.85%
• 10Y*: 11.51%

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

FJEFX vs. JLKYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FJEFX Fidelity Advisor Freedom Blend 2030 Fund Class I	8.78%	16.93%	11.12%	15.32%	-17.58%	11.20%	15.16%	22.46%	-9.34%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	12.46%	20.04%	15.41%	18.53%	-18.04%	18.38%	16.13%	25.07%	-11.93%

Correlation

The correlation between FJEFX and JLKYX 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 Sep 4, 2018	0.96

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

Return for Risk

FJEFX vs. JLKYX — Risk / Return Rank

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

FJEFX

FJEFX Risk / Return Rank: 68
FJEFX Sharpe Ratio Rank: 68
FJEFX Sortino Ratio Rank: 67
FJEFX Omega Ratio Rank: 70
FJEFX Calmar Ratio Rank: 65
FJEFX Martin Ratio Rank: 71

JLKYX

JLKYX Risk / Return Rank: 68
JLKYX Sharpe Ratio Rank: 69
JLKYX Sortino Ratio Rank: 63
JLKYX Omega Ratio Rank: 63
JLKYX Calmar Ratio Rank: 69
JLKYX Martin Ratio Rank: 76

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.

FJEFX vs. JLKYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2030 Fund Class I (FJEFX) 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.

	FJEFX	JLKYX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.35	-0.02
Sortino ratio: Return per unit of downside risk	3.32	3.24	+0.08
Omega ratio: Gain probability vs. loss probability	1.45	1.43	+0.02
Calmar ratio: Return relative to maximum drawdown	2.99	3.10	-0.11
Martin ratio: Return relative to average drawdown	13.02	13.76	-0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJEFX vs. JLKYX - Sharpe Ratio Comparison

The current FJEFX Sharpe Ratio is 2.33, which is comparable to the JLKYX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of FJEFX 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.

Sharpe Ratios by Period

	FJEFX	JLKYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.35	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.65	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.65	+0.07

Drawdowns

FJEFX vs. JLKYX - Drawdown Comparison

The maximum FJEFX drawdown since its inception was -24.70%, smaller than the maximum JLKYX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for FJEFX and JLKYX.

Drawdown Indicators

	FJEFX	JLKYX	Difference
Max Drawdown Largest peak-to-trough decline	-24.70%	-32.55%	+7.85%
Max Drawdown (1Y) Largest decline over 1 year	-6.81%	-9.16%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	-10.09%	-16.11%	+6.02%
Max Drawdown (5Y) Largest decline over 5 years	-24.67%	-25.75%	+1.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.55%	—
Current Drawdown Current decline from peak	-0.22%	-0.42%	+0.20%
Average Drawdown Average peak-to-trough decline	-5.27%	-4.66%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	2.06%	-0.50%

Volatility

FJEFX vs. JLKYX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom Blend 2030 Fund Class I (FJEFX) is 3.06%, while John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) has a volatility of 3.56%. This indicates that FJEFX experiences smaller price fluctuations and is considered to be less risky than JLKYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJEFX	JLKYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	3.56%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	7.21%	9.61%	-2.40%
Volatility (1Y) Calculated over the trailing 1-year period	8.73%	12.08%	-3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.85%	15.21%	-4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	16.20%	-3.91%

FJEFX vs. JLKYX - Expense Ratio Comparison

FJEFX has a 0.46% expense ratio, which is higher than JLKYX's 0.01% expense ratio.

Dividends

FJEFX vs. JLKYX - Dividend Comparison

FJEFX's dividend yield for the trailing twelve months is around 3.54%, more than JLKYX's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJEFX Fidelity Advisor Freedom Blend 2030 Fund Class I	3.54%	2.92%	4.12%	2.16%	5.35%	7.08%	4.55%	3.35%	2.88%	0.00%	0.00%	0.00%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	3.21%	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 FJEFX and JLKYX in my portfolio?

With a correlation of 0.97, FJEFX 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, FJEFX or JLKYX?

JLKYX has higher volatility (3.56%) compared to FJEFX (3.06%). In terms of maximum drawdown, FJEFX dropped -24.70% vs JLKYX's -32.55%.

Which has better risk-adjusted returns?

JLKYX currently has the higher Sharpe Ratio (2.35 vs 2.33), 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.