FPIFX vs. JRLVX
FPIFX (Fidelity Freedom Index 2020 Fund Investor Class) and JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, FPIFX returned 7.23%/yr vs 11.36%/yr for JRLVX. Their correlation of 0.95 suggests significant overlap in exposure. FPIFX charges 0.12%/yr vs 0.01%/yr for JRLVX.
Performance
FPIFX vs. JRLVX - Performance Comparison
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Returns By Period
In the year-to-date period, FPIFX achieves a 6.23% return, which is significantly lower than JRLVX's 12.32% return. Over the past 10 years, FPIFX has underperformed JRLVX with an annualized return of 7.23%, while JRLVX has yielded a comparatively higher 11.36% annualized return.
FPIFX
- 1D
- 0.17%
- 1M
- 2.70%
- YTD
- 6.23%
- 6M
- 6.50%
- 1Y
- 15.65%
- 3Y*
- 11.24%
- 5Y*
- 4.98%
- 10Y*
- 7.23%
JRLVX
- 1D
- 0.44%
- 1M
- 5.08%
- YTD
- 12.32%
- 6M
- 13.05%
- 1Y
- 27.67%
- 3Y*
- 18.90%
- 5Y*
- 9.59%
- 10Y*
- 11.36%
FPIFX vs. JRLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 6.23% | 13.34% | 7.68% | 12.73% | -15.94% | 8.42% | 12.72% | 18.11% | -3.85% | 13.90% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 12.32% | 19.25% | 14.50% | 18.00% | -18.06% | 18.45% | 16.23% | 25.03% | -8.29% | 17.40% |
Correlation
The correlation between FPIFX and JRLVX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2013 | 0.95 |
The correlation between FPIFX and JRLVX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
FPIFX vs. JRLVX — Risk / Return Rank
FPIFX
JRLVX
FPIFX vs. JRLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) 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.
| FPIFX | JRLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.46 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.31 | -0.22 |
| Martin ratioReturn relative to average drawdown | 13.61 | 14.68 | -1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPIFX | JRLVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.50 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.65 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.71 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.65 | +0.14 |
Drawdowns
FPIFX vs. JRLVX - Drawdown Comparison
The maximum FPIFX drawdown since its inception was -21.59%, smaller than the maximum JRLVX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for FPIFX and JRLVX.
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Drawdown Indicators
| FPIFX | JRLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -32.53% | +10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -8.50% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -7.84% | -15.27% | +7.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -25.64% | +4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -21.59% | -32.53% | +10.94% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -4.56% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.91% | -0.75% |
Volatility
FPIFX vs. JRLVX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) is 2.15%, while John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) has a volatility of 3.34%. This indicates that FPIFX experiences smaller price fluctuations and is considered to be less risky than JRLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPIFX | JRLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 3.34% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 5.10% | 8.96% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 11.27% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.55% | 14.77% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.82% | 15.99% | -7.17% |
FPIFX vs. JRLVX - Expense Ratio Comparison
FPIFX 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
FPIFX vs. JRLVX - Dividend Comparison
FPIFX's dividend yield for the trailing twelve months is around 5.79%, more than JRLVX's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 5.79% | 5.95% | 5.83% | 2.42% | 2.95% | 2.67% | 2.54% | 17.42% | 2.50% | 1.85% | 1.83% | 1.91% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 3.16% | 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 0.94, FPIFX 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.
JRLVX has higher volatility (3.34%) compared to FPIFX (2.15%). In terms of maximum drawdown, FPIFX dropped -21.59% vs JRLVX's -32.53%.
FPIFX currently has the higher Sharpe Ratio (2.53 vs 2.50), 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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