JELCX vs. FSRRX
JELCX (John Hancock Variable Insurance Trust Managed Volatility Conservative Portfolio) and FSRRX (Fidelity Strategic Real Return Fund) are both Diversified Portfolio funds. Over the past 10 years, JELCX returned 1.83%/yr vs 5.49%/yr for FSRRX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. JELCX charges 0.18%/yr vs 0.70%/yr for FSRRX.
Performance
JELCX vs. FSRRX - Performance Comparison
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Returns By Period
In the year-to-date period, JELCX achieves a 2.37% return, which is significantly lower than FSRRX's 8.37% return. Over the past 10 years, JELCX has underperformed FSRRX with an annualized return of 1.83%, while FSRRX has yielded a comparatively higher 5.49% annualized return.
JELCX
- 1D
- 0.48%
- 1M
- -0.76%
- 6M
- 1.37%
- YTD
- 2.37%
- 1Y
- 7.10%
- 3Y*
- 5.45%
- 5Y*
- 0.76%
- 10Y*
- 1.83%
- ALL TIME*
- 0.42%
FSRRX
- 1D
- 0.00%
- 1M
- 2.05%
- 6M
- 4.71%
- YTD
- 8.37%
- 1Y
- 14.75%
- 3Y*
- 8.64%
- 5Y*
- 5.82%
- 10Y*
- 5.49%
- ALL TIME*
- 4.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JELCX vs. FSRRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JELCX John Hancock Variable Insurance Trust Managed Volatility Conservative Portfolio | 2.37% | 8.84% | 3.59% | 5.49% | -14.80% | 3.47% | 3.39% | 13.38% | -2.18% | 3.24% |
FSRRX Fidelity Strategic Real Return Fund | 8.37% | 10.45% | 5.84% | 4.59% | -3.34% | 15.84% | 3.74% | 10.48% | -3.99% | 3.00% |
Correlation
The correlation between JELCX and FSRRX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2005 | 0.53 |
Over the past year, the correlation between JELCX and FSRRX has dropped to 0.30 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
JELCX vs. FSRRX — Risk / Return Rank
JELCX
FSRRX
JELCX vs. FSRRX - 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 Strategic Real Return Fund (FSRRX). 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 | FSRRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.57 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 4.14 | -2.24 |
| Martin ratioReturn relative to average drawdown | 7.69 | 14.82 | -7.13 |
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Drawdowns
JELCX vs. FSRRX - Drawdown Comparison
The maximum JELCX drawdown since its inception was -33.80%, roughly equal to the maximum FSRRX drawdown of -33.42%. Use the drawdown chart below to compare losses from any high point for JELCX and FSRRX.
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Drawdown Indicators
| JELCX | FSRRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -33.42% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -3.42% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -6.27% | -5.80% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | -12.78% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -18.46% | -19.93% | +1.47% |
Current DrawdownCurrent decline from peak | -1.05% | -1.01% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -4.20% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.95% | +0.01% |
Volatility
JELCX vs. FSRRX - Volatility Comparison
John Hancock Variable Insurance Trust Managed Volatility Conservative Portfolio (JELCX) and Fidelity Strategic Real Return Fund (FSRRX) have volatilities of 1.26% and 1.25%, 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
| JELCX | FSRRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.25% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 3.77% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 4.90% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 6.87% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.57% | 6.72% | -1.15% |
JELCX vs. FSRRX - Expense Ratio Comparison
JELCX has a 0.18% expense ratio, which is lower than FSRRX's 0.70% expense ratio.
Dividends
JELCX vs. FSRRX - Dividend Comparison
JELCX's dividend yield for the trailing twelve months is around 3.72%, less than FSRRX's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRRX Fidelity Strategic Real Return Fund | 4.58% | 4.68% | 4.82% | 5.29% | 7.31% | 5.35% | 2.25% | 3.05% | 9.39% | 1.57% | 2.34% | 1.75% |
JELCX John Hancock Variable Insurance Trust Managed Volatility Conservative Portfolio | 3.72% | 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 FSRRX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JELCX has higher volatility (1.26%) compared to FSRRX (1.25%). In terms of maximum drawdown, JELCX dropped -33.80% vs FSRRX's -33.42%.
FSRRX currently has the higher Sharpe Ratio (2.92 vs 1.47), 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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