JELCX vs. FCSRX
JELCX (John Hancock Variable Insurance Trust Managed Volatility Conservative Portfolio) and FCSRX (Fidelity Advisor Strategic Real Return Fund Class C) are both Diversified Portfolio funds. Over the past 10 years, JELCX returned 2.13%/yr vs 4.40%/yr for FCSRX. A 0.53 correlation means they provide meaningful diversification when combined. JELCX charges 0.18%/yr vs 1.70%/yr for FCSRX.
Performance
JELCX vs. FCSRX - Performance Comparison
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Returns By Period
In the year-to-date period, JELCX achieves a 3.35% return, which is significantly lower than FCSRX's 6.09% return. Over the past 10 years, JELCX has underperformed FCSRX with an annualized return of 2.13%, while FCSRX has yielded a comparatively higher 4.40% annualized return.
JELCX
- 1D
- 0.48%
- 1M
- 1.06%
- YTD
- 3.35%
- 6M
- 3.26%
- 1Y
- 9.88%
- 3Y*
- 6.04%
- 5Y*
- 1.27%
- 10Y*
- 2.13%
FCSRX
- 1D
- -0.22%
- 1M
- -1.82%
- YTD
- 6.09%
- 6M
- 6.21%
- 1Y
- 11.38%
- 3Y*
- 7.74%
- 5Y*
- 5.04%
- 10Y*
- 4.40%
JELCX vs. FCSRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JELCX John Hancock Variable Insurance Trust Managed Volatility Conservative Portfolio | 3.35% | 8.84% | 3.59% | 5.49% | -14.80% | 3.47% | 3.39% | 13.38% | -2.18% | 3.24% |
FCSRX Fidelity Advisor Strategic Real Return Fund Class C | 6.09% | 9.27% | 4.75% | 3.60% | -4.26% | 14.68% | 2.60% | 9.54% | -5.03% | 3.02% |
Correlation
The correlation between JELCX and FCSRX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2005 | 0.53 |
The correlation between JELCX and FCSRX shifts across timeframes, from 0.33 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JELCX vs. FCSRX — Risk / Return Rank
JELCX
FCSRX
JELCX vs. FCSRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Variable Insurance Trust Managed Volatility Conservative Portfolio (JELCX) and Fidelity Advisor Strategic Real Return Fund Class C (FCSRX). 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.
| JELCX | FCSRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 4.10 | -1.35 |
| Martin ratioReturn relative to average drawdown | 11.31 | 17.06 | -5.75 |
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Drawdowns
JELCX vs. FCSRX - Drawdown Comparison
The maximum JELCX drawdown since its inception was -33.80%, roughly equal to the maximum FCSRX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for JELCX and FCSRX.
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Drawdown Indicators
| JELCX | FCSRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -33.91% | +0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -2.76% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -7.02% | -5.85% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | -13.22% | -5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -18.46% | -20.02% | +1.56% |
Current DrawdownCurrent decline from peak | 0.00% | -2.76% | +2.76% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -5.09% | -5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.66% | +0.28% |
Volatility
JELCX vs. FCSRX - Volatility Comparison
John Hancock Variable Insurance Trust Managed Volatility Conservative Portfolio (JELCX) has a higher volatility of 1.87% compared to Fidelity Advisor Strategic Real Return Fund Class C (FCSRX) at 1.39%. This indicates that JELCX's price experiences larger fluctuations and is considered to be riskier than FCSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JELCX | FCSRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.39% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 3.72% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 4.76% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.89% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.57% | 6.71% | -1.14% |
JELCX vs. FCSRX - Expense Ratio Comparison
JELCX has a 0.18% expense ratio, which is lower than FCSRX's 1.70% expense ratio.
Dividends
JELCX vs. FCSRX - Dividend Comparison
JELCX's dividend yield for the trailing twelve months is around 3.68%, more than FCSRX's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSRX Fidelity Advisor Strategic Real Return Fund Class C | 3.34% | 3.74% | 3.86% | 4.35% | 6.51% | 4.53% | 1.32% | 2.20% | 8.51% | 1.58% | 1.34% | 0.66% |
JELCX John Hancock Variable Insurance Trust Managed Volatility Conservative Portfolio | 3.68% | 3.81% | 3.39% | 5.18% | 3.05% | 3.12% | 4.47% | 2.39% | 5.92% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JELCX and FCSRX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JELCX has higher volatility (1.87%) compared to FCSRX (1.39%). In terms of maximum drawdown, JELCX dropped -33.80% vs FCSRX's -33.91%.
FCSRX currently has the higher Sharpe Ratio (2.38 vs 2.12), 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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