FUIPX vs. JLKYX
FUIPX (Fidelity Freedom Index 2060 Fund) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 5 years, FUIPX returned 9.36%/yr vs 9.39%/yr for JLKYX. With a 0.99 correlation, they move nearly in lockstep. FUIPX charges 0.06%/yr vs 0.01%/yr for JLKYX.
Performance
FUIPX vs. JLKYX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FUIPX having a 9.90% return and JLKYX slightly higher at 10.33%.
FUIPX
- 1D
- -1.82%
- 1M
- -0.08%
- YTD
- 9.90%
- 6M
- 9.07%
- 1Y
- 23.13%
- 3Y*
- 18.34%
- 5Y*
- 9.36%
- 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%
FUIPX vs. JLKYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FUIPX Fidelity Freedom Index 2060 Fund | 9.90% | 21.50% | 14.23% | 19.99% | -18.17% | 16.00% | 23.45% |
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio | 10.33% | 20.04% | 15.41% | 18.53% | -18.04% | 18.38% | 21.67% |
Correlation
The correlation between FUIPX and JLKYX is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2020 | 0.99 |
The correlation between FUIPX and JLKYX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FUIPX vs. JLKYX — Risk / Return Rank
FUIPX
JLKYX
FUIPX vs. JLKYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund (FUIPX) 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.
| FUIPX | JLKYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.76 | -0.03 |
| Martin ratioReturn relative to average drawdown | 11.70 | 11.91 | -0.21 |
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Drawdowns
FUIPX vs. JLKYX - Drawdown Comparison
The maximum FUIPX drawdown since its inception was -26.20%, smaller than the maximum JLKYX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for FUIPX and JLKYX.
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Drawdown Indicators
| FUIPX | JLKYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -32.55% | +6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -9.16% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -16.11% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -26.20% | -25.75% | -0.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.55% | — |
Current DrawdownCurrent decline from peak | -2.47% | -2.31% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -4.64% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 2.11% | 0.00% |
Volatility
FUIPX vs. JLKYX - Volatility Comparison
Fidelity Freedom Index 2060 Fund (FUIPX) and John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) have volatilities of 5.42% and 5.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUIPX | JLKYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 5.37% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 10.70% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 12.92% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 15.36% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 16.21% | -1.92% |
FUIPX vs. JLKYX - Expense Ratio Comparison
FUIPX has a 0.06% 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
FUIPX vs. JLKYX - Dividend Comparison
FUIPX's dividend yield for the trailing twelve months is around 1.77%, less than JLKYX's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUIPX Fidelity Freedom Index 2060 Fund | 1.77% | 2.00% | 2.01% | 1.96% | 2.05% | 1.97% | 1.65% | 0.00% | 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
With a correlation of 0.99, FUIPX 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.
FUIPX has higher volatility (5.42%) compared to JLKYX (5.37%). In terms of maximum drawdown, FUIPX dropped -26.20% vs JLKYX's -32.55%.
FUIPX currently has the higher Sharpe Ratio (1.97 vs 1.96), 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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