FRAMX vs. JRLVX
Compare and contrast key facts about Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) and John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX).
FRAMX is managed by BlackRock. It was launched on Aug 30, 2007. JRLVX is managed by John Hancock. It was launched on Nov 6, 2013.
Performance
FRAMX vs. JRLVX - Performance Comparison
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FRAMX vs. JRLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | -0.92% | 19.25% | 14.50% | 18.00% | -18.06% | 18.45% | 16.23% | 25.03% | -8.29% | 17.40% |
Returns By Period
In the year-to-date period, FRAMX achieves a 0.18% return, which is significantly higher than JRLVX's -0.92% return. Over the past 10 years, FRAMX has underperformed JRLVX with an annualized return of 3.73%, while JRLVX has yielded a comparatively higher 10.19% annualized return.
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
JRLVX
- 1D
- 2.59%
- 1M
- -5.31%
- YTD
- -0.92%
- 6M
- 1.47%
- 1Y
- 18.74%
- 3Y*
- 14.72%
- 5Y*
- 7.76%
- 10Y*
- 10.19%
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FRAMX vs. JRLVX - Expense Ratio Comparison
FRAMX has a 0.70% expense ratio, which is higher than JRLVX's 0.01% expense ratio.
Return for Risk
FRAMX vs. JRLVX — Risk / Return Rank
FRAMX
JRLVX
FRAMX vs. JRLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) 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.
| FRAMX | JRLVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 1.24 | +0.40 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.80 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.72 | +0.50 |
Martin ratioReturn relative to average drawdown | 8.81 | 8.20 | +0.62 |
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
| FRAMX | JRLVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.24 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.53 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.64 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.59 | -0.09 |
Correlation
The correlation between FRAMX and JRLVX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FRAMX vs. JRLVX - Dividend Comparison
FRAMX's dividend yield for the trailing twelve months is around 2.88%, less than JRLVX's 3.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 3.59% | 3.55% | 1.89% | 2.24% | 8.03% | 6.00% | 4.26% | 8.99% | 10.96% | 4.29% | 3.40% | 1.90% |
Drawdowns
FRAMX vs. JRLVX - Drawdown Comparison
The maximum FRAMX drawdown since its inception was -33.94%, roughly equal to the maximum JRLVX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for FRAMX and JRLVX.
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Drawdown Indicators
| FRAMX | JRLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -32.53% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -11.23% | +7.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -25.64% | +9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -16.31% | -32.53% | +16.22% |
Current DrawdownCurrent decline from peak | -2.47% | -6.13% | +3.66% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -4.61% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.36% | -1.49% |
Volatility
FRAMX vs. JRLVX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) is 2.14%, while John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) has a volatility of 5.56%. This indicates that FRAMX 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
| FRAMX | JRLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 5.56% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 8.84% | -5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.64% | 15.49% | -10.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 14.74% | -9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 15.96% | -11.48% |