FRKMX vs. JLKYX

Last updated Jun 25, 2026

FRKMX (Fidelity Managed Retirement Income Fund Class K) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 5 years, FRKMX returned 1016.85%/yr vs 9.39%/yr for JLKYX. A 0.72 correlation means they provide meaningful diversification when combined. FRKMX charges 0.35%/yr vs 0.01%/yr for JLKYX.

Performance

FRKMX vs. JLKYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement Income Fund Class K (FRKMX) 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, FRKMX achieves a 15,640,638.04% return, which is significantly higher than JLKYX's 10.33% return.

FRKMX

• 1D: 15,089,900.00%
• 1M: 15,188,508.30%
• YTD: 15,640,638.04%
• 6M: 15,611,276.39%
• 1Y: 16,405,118.58%
• 3Y*: 5,609.31%
• 5Y*: 1,016.85%
• 10Y*: —

JLKYX

• 1D: -1.90%
• 1M: 0.00%
• YTD: 10.33%
• 6M: 9.35%
• 1Y: 23.59%
• 3Y*: 18.56%
• 5Y*: 9.39%
• 10Y*: 11.70%

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

FRKMX vs. JLKYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRKMX Fidelity Managed Retirement Income Fund Class K	15,640,638.04%	9.91%	4.40%	8.17%	-11.57%	2.88%	8.68%	3.08%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	10.33%	20.04%	15.41%	18.53%	-18.04%	18.38%	16.13%	7.88%

Correlation

The correlation between FRKMX and JLKYX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.72

The correlation between FRKMX and JLKYX shifts across timeframes, from 0.72 (5 years) to 0.83 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FRKMX vs. JLKYX — Risk / Return Rank

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

FRKMX

FRKMX Risk / Return Rank: 84
FRKMX Sharpe Ratio Rank: 21
FRKMX Sortino Ratio Rank: 100
FRKMX Omega Ratio Rank: 100
FRKMX Calmar Ratio Rank: 100
FRKMX Martin Ratio Rank: 100

JLKYX

JLKYX Risk / Return Rank: 58
JLKYX Sharpe Ratio Rank: 56
JLKYX Sortino Ratio Rank: 52
JLKYX Omega Ratio Rank: 54
JLKYX Calmar Ratio Rank: 60
JLKYX Martin Ratio Rank: 68

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.

FRKMX vs. JLKYX - Risk-Adjusted Trends Comparison

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

	FRKMX	JLKYX	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.96	-0.81
Sortino ratio: Return per unit of downside risk	5,218,028.60	2.67	+5,218,025.93
Omega ratio: Gain probability vs. loss probability	727,316.16	1.36	+727,314.80
Calmar ratio: Return relative to maximum drawdown	5,078,659.88	2.76	+5,078,657.13
Martin ratio: Return relative to average drawdown	21,305,391.80	11.91	+21,305,379.89

FRKMX vs. JLKYX - Sharpe Ratio Comparison

The current FRKMX Sharpe Ratio is 1.15, which is lower than the JLKYX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of FRKMX 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.

Drawdowns

FRKMX vs. JLKYX - Drawdown Comparison

The maximum FRKMX drawdown since its inception was -16.04%, smaller than the maximum JLKYX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for FRKMX and JLKYX.

Drawdown Indicators

	FRKMX	JLKYX	Difference
Max Drawdown Largest peak-to-trough decline	-16.04%	-32.55%	+16.51%
Max Drawdown (1Y) Largest decline over 1 year	-3.42%	-9.16%	+5.74%
Max Drawdown (3Y) Largest decline over 3 years	-4.93%	-16.11%	+11.18%
Max Drawdown (5Y) Largest decline over 5 years	-16.04%	-25.75%	+9.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.55%	—
Current Drawdown Current decline from peak	0.00%	-2.31%	+2.31%
Average Drawdown Average peak-to-trough decline	-3.54%	-4.64%	+1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	2.11%	-1.30%

Volatility

FRKMX vs. JLKYX - Volatility Comparison

Fidelity Managed Retirement Income Fund Class K (FRKMX) has a higher volatility of 1,192.42% compared to John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) at 5.37%. This indicates that FRKMX's price experiences larger fluctuations and is considered to be riskier than JLKYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRKMX	JLKYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1,192.42%	5.37%	+1,187.05%
Volatility (6M) Calculated over the trailing 6-month period	1,192.41%	10.70%	+1,181.71%
Volatility (1Y) Calculated over the trailing 1-year period	15,119,929.64%	12.92%	+15,119,916.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6,761,838.11%	15.36%	+6,761,822.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5,765,888.45%	16.21%	+5,765,872.24%

FRKMX vs. JLKYX - Expense Ratio Comparison

FRKMX has a 0.35% expense ratio, which is higher than JLKYX's 0.01% expense ratio.

Dividends

FRKMX vs. JLKYX - Dividend Comparison

FRKMX's dividend yield for the trailing twelve months is around 103.36%, more than JLKYX's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRKMX Fidelity Managed Retirement Income Fund Class K	103.36%	3.11%	3.12%	2.92%	4.66%	3.65%	2.56%	1.85%	0.00%	0.00%	0.00%	0.00%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	3.27%	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 FRKMX and JLKYX in my portfolio?

FRKMX and JLKYX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRKMX or JLKYX?

FRKMX has higher volatility (1192.42%) compared to JLKYX (5.37%). In terms of maximum drawdown, FRKMX dropped -16.04% vs JLKYX's -32.55%.

Which has better risk-adjusted returns?

JLKYX currently has the higher Sharpe Ratio (1.96 vs 1.15), 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.