FRHMX vs. JLKYX

Last updated Jul 15, 2026

FRHMX (Fidelity Managed Retirement Income Fund Class K6) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds. A 0.71 correlation means they provide meaningful diversification when combined. FRHMX charges 0.25%/yr vs 0.01%/yr for JLKYX.

Performance

FRHMX vs. JLKYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement Income Fund Class K6 (FRHMX) and John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FRHMX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JLKYX

• 1D: -1.06%
• 1M: 0.05%
• 6M: 8.26%
• YTD: 11.22%
• 1Y: 21.85%
• 3Y*: 17.31%
• 5Y*: 9.41%
• 10Y*: 11.15%

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

FRHMX vs. JLKYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRHMX Fidelity Managed Retirement Income Fund Class K6	1,464,383.96%	10.02%	4.50%	8.28%	-11.48%	2.98%	8.79%	3.17%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	11.22%	20.04%	15.41%	18.53%	-18.04%	18.38%	16.13%	7.88%

Correlation

The correlation between FRHMX and JLKYX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.71

The correlation between FRHMX and JLKYX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

Return for Risk

FRHMX vs. JLKYX — Risk / Return Rank

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

FRHMX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

JLKYX

JLKYX Risk / Return Rank: 62
JLKYX Sharpe Ratio Rank: 60
JLKYX Sortino Ratio Rank: 57
JLKYX Omega Ratio Rank: 58
JLKYX Calmar Ratio Rank: 63
JLKYX Martin Ratio Rank: 72

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.

FRHMX vs. JLKYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund Class K6 (FRHMX) 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.

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.

	FRHMX	JLKYX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.71	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.42	—
Martin ratio: Return relative to average drawdown	—	10.37	—

Drawdowns

Drawdown Indicators

	FRHMX	JLKYX	Difference
Max Drawdown Largest peak-to-trough decline	—	-32.55%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.55%	—
Current Drawdown Current decline from peak	—	-1.52%	—
Average Drawdown Average peak-to-trough decline	—	-4.63%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.14%	—

Volatility

Volatility by Period

	FRHMX	JLKYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.99%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.37%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.18%	—

FRHMX vs. JLKYX - Expense Ratio Comparison

FRHMX has a 0.25% expense ratio, which is higher than JLKYX'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

FRHMX vs. JLKYX - Dividend Comparison

FRHMX's dividend yield for the trailing twelve months is around 102.92%, more than JLKYX's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRHMX Fidelity Managed Retirement Income Fund Class K6	102.92%	3.22%	3.24%	3.02%	4.77%	3.78%	2.61%	1.95%	0.00%	0.00%	0.00%	0.00%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	3.24%	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 FRHMX and JLKYX in my portfolio?

FRHMX and JLKYX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.