JELGX vs. FRGAX
JELGX (John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio) and FRGAX (Fidelity 70% Allocation Fund) are both Diversified Portfolio funds. Over the past 3 years, JELGX returned 10.70%/yr vs 13.87%/yr for FRGAX. Their correlation of 0.90 means they have usually moved in the same direction. JELGX charges 0.18%/yr vs 0.02%/yr for FRGAX.
Performance
JELGX vs. FRGAX - Performance Comparison
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Returns By Period
In the year-to-date period, JELGX achieves a 6.14% return, which is significantly lower than FRGAX's 7.61% 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%
FRGAX
- 1D
- 1.36%
- 1M
- -0.67%
- 6M
- 5.42%
- YTD
- 7.61%
- 1Y
- 16.57%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.47%
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 |
JELGX vs. FRGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JELGX John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 6.14% | 10.85% | 11.92% | 13.80% | 0.01% |
FRGAX Fidelity 70% Allocation Fund | 7.61% | 17.10% | 12.91% | 17.57% | -1.63% |
Correlation
The correlation between JELGX and FRGAX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.90 |
The correlation between JELGX and FRGAX has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
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Return for Risk
JELGX vs. FRGAX — Risk / Return Rank
JELGX
FRGAX
JELGX vs. FRGAX - 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 70% Allocation Fund (FRGAX). 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 | FRGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.21 | -0.30 |
| Martin ratioReturn relative to average drawdown | 7.32 | 9.26 | -1.93 |
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Drawdowns
JELGX vs. FRGAX - Drawdown Comparison
The maximum JELGX drawdown since its inception was -58.74%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for JELGX and FRGAX.
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Drawdown Indicators
| JELGX | FRGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.74% | -11.77% | -46.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.91% | -7.03% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -11.77% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | — | — |
Current DrawdownCurrent decline from peak | -2.28% | -1.61% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -16.32% | -1.57% | -14.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.67% | +0.31% |
Volatility
JELGX vs. FRGAX - Volatility Comparison
John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio (JELGX) has a higher volatility of 2.93% compared to Fidelity 70% Allocation Fund (FRGAX) at 2.74%. This indicates that JELGX's price experiences larger fluctuations and is considered to be riskier than FRGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JELGX | FRGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 2.74% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 8.17% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 9.88% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.77% | 10.38% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.61% | 10.38% | +0.23% |
JELGX vs. FRGAX - Expense Ratio Comparison
JELGX has a 0.18% expense ratio, which is higher than FRGAX's 0.02% 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
JELGX vs. FRGAX - Dividend Comparison
JELGX's dividend yield for the trailing twelve months is around 7.73%, more than FRGAX's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FRGAX Fidelity 70% Allocation Fund | 1.86% | 2.00% | 2.01% | 1.77% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
With a correlation of 0.90, JELGX and FRGAX 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.
JELGX has higher volatility (2.93%) compared to FRGAX (2.74%). In terms of maximum drawdown, JELGX dropped -58.74% vs FRGAX's -11.77%.
FRGAX currently has the higher Sharpe Ratio (1.57 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.
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