JELGX vs. FASGX

Last updated Aug 1, 2026

JELGX (John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio) and FASGX (Fidelity Asset Manager 70% Fund) are both Diversified Portfolio funds. Over the past 10 years, JELGX returned 5.57%/yr vs 9.58%/yr for FASGX. Their correlation of 0.92 means they have usually moved in the same direction. JELGX charges 0.18%/yr vs 0.66%/yr for FASGX.

Performance

JELGX vs. FASGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio (JELGX) and Fidelity Asset Manager 70% Fund (FASGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JELGX achieves a 6.14% return, which is significantly lower than FASGX's 10.24% return. Over the past 10 years, JELGX has underperformed FASGX with an annualized return of 5.57%, while FASGX has yielded a comparatively higher 9.58% annualized return.

JELGX

• 1D: 1.47%
• 1M: -0.88%
• 6M: 3.49%
• YTD: 6.14%
• 1Y: 14.16%
• 3Y*: 10.70%
• 5Y*: 5.56%
• 10Y*: 5.57%
• ALL TIME*: 2.09%

FASGX

• 1D: 1.69%
• 1M: -0.72%
• 6M: 7.00%
• YTD: 10.24%
• 1Y: 20.53%
• 3Y*: 14.25%
• 5Y*: 7.62%
• 10Y*: 9.58%
• ALL TIME*: 8.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FASGX Fidelity Asset Manager 70% Fund	$0.00	$0.00	$0.00
JELGX John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio	$0.00	$0.00	$0.00

JELGX vs. FASGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JELGX John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio	6.14%	10.85%	11.92%	13.80%	-14.85%	12.82%	-1.50%	19.53%	-6.56%	12.01%
FASGX Fidelity Asset Manager 70% Fund	10.24%	18.23%	10.81%	16.45%	-16.83%	13.98%	17.19%	22.81%	-7.65%	17.34%

Correlation

The correlation between JELGX and FASGX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 7, 1997	0.92

The correlation between JELGX and FASGX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

JELGX vs. FASGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JELGX

JELGX Risk / Return Rank: 46
JELGX Sharpe Ratio Rank: 45
JELGX Sortino Ratio Rank: 44
JELGX Omega Ratio Rank: 44
JELGX Calmar Ratio Rank: 48
JELGX Martin Ratio Rank: 52

FASGX

FASGX Risk / Return Rank: 75
FASGX Sharpe Ratio Rank: 73
FASGX Sortino Ratio Rank: 71
FASGX Omega Ratio Rank: 72
FASGX Calmar Ratio Rank: 75
FASGX Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JELGX vs. FASGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio (JELGX) and Fidelity Asset Manager 70% Fund (FASGX). 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.

	JELGX	FASGX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.66	-0.34
Sortino ratio: Return per unit of downside risk	1.90	2.35	-0.45
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	1.91	2.41	-0.50
Martin ratio: Return relative to average drawdown	7.32	10.13	-2.81

JELGX vs. FASGX - Sharpe Ratio Comparison

The current JELGX Sharpe Ratio is 1.32, which is comparable to the FASGX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of JELGX and FASGX, 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

JELGX vs. FASGX - Drawdown Comparison

The maximum JELGX drawdown since its inception was -58.74%, which is greater than FASGX's maximum drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for JELGX and FASGX.

Drawdown Indicators

	JELGX	FASGX	Difference
Max Drawdown Largest peak-to-trough decline	-58.74%	-47.35%	-11.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.91%	-7.95%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-12.80%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-18.68%	-23.54%	+4.86%
Max Drawdown (10Y) Largest decline over 10 years	-21.45%	-27.20%	+5.75%
Current Drawdown Current decline from peak	-2.28%	-1.63%	-0.65%
Average Drawdown Average peak-to-trough decline	-16.32%	-6.69%	-9.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.89%	+0.09%

Volatility

JELGX vs. FASGX - Volatility Comparison

The current volatility for John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio (JELGX) is 2.93%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 3.33%. This indicates that JELGX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JELGX	FASGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	3.33%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	9.08%	9.76%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.40%	11.54%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.77%	12.46%	-1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.61%	12.68%	-2.07%

JELGX vs. FASGX - Expense Ratio Comparison

JELGX has a 0.18% expense ratio, which is lower than FASGX's 0.66% expense ratio.

Dividends

JELGX vs. FASGX - Dividend Comparison

JELGX's dividend yield for the trailing twelve months is around 7.73%, more than FASGX's 6.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASGX Fidelity Asset Manager 70% Fund	6.65%	7.33%	4.60%	1.72%	6.69%	2.73%	2.20%	5.19%	6.31%	2.75%	0.20%	5.58%
JELGX John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio	7.73%	8.21%	2.68%	15.02%	4.73%	2.20%	8.29%	9.21%	12.38%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JELGX and FASGX in my portfolio?

With a correlation of 0.91, JELGX and FASGX 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.

Which is riskier, JELGX or FASGX?

FASGX has higher volatility (3.33%) compared to JELGX (2.93%). In terms of maximum drawdown, JELGX dropped -58.74% vs FASGX's -47.35%.

Which has better risk-adjusted returns?

FASGX currently has the higher Sharpe Ratio (1.66 vs 1.32), 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.