JELMX vs. FAMRX

Last updated Jul 4, 2026

JELMX (John Hancock Variable Insurance Trust Managed Volatility Moderate Portfolio) and FAMRX (Fidelity Asset Manager 85% Fund) are both Diversified Portfolio funds from BlackRock. Over the past 10 years, JELMX returned 4.02%/yr vs 11.68%/yr for FAMRX. Their correlation of 0.86 suggests significant overlap in exposure. JELMX charges 0.17%/yr vs 0.70%/yr for FAMRX.

Performance

JELMX vs. FAMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Variable Insurance Trust Managed Volatility Moderate Portfolio (JELMX) and Fidelity Asset Manager 85% Fund (FAMRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JELMX achieves a 5.14% return, which is significantly lower than FAMRX's 13.08% return. Over the past 10 years, JELMX has underperformed FAMRX with an annualized return of 4.02%, while FAMRX has yielded a comparatively higher 11.68% annualized return.

JELMX

• 1D: 0.00%
• 1M: -0.09%
• 6M: 4.84%
• YTD: 5.14%
• 1Y: 11.25%
• 3Y*: 9.23%
• 5Y*: 3.57%
• 10Y*: 4.02%

FAMRX

• 1D: -0.12%
• 1M: -0.26%
• 6M: 12.19%
• YTD: 13.08%
• 1Y: 24.09%
• 3Y*: 17.86%
• 5Y*: 9.21%
• 10Y*: 11.68%

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

JELMX vs. FAMRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JELMX John Hancock Variable Insurance Trust Managed Volatility Moderate Portfolio	5.14%	9.26%	8.15%	10.70%	-14.86%	7.89%	3.27%	16.71%	-3.99%	5.84%
FAMRX Fidelity Asset Manager 85% Fund	13.08%	20.87%	12.60%	18.98%	-18.55%	17.10%	19.37%	26.26%	-9.21%	21.08%

Correlation

The correlation between JELMX and FAMRX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 24, 1999	0.86

The correlation between JELMX and FAMRX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

JELMX vs. FAMRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JELMX

JELMX Risk / Return Rank: 57
JELMX Sharpe Ratio Rank: 56
JELMX Sortino Ratio Rank: 58
JELMX Omega Ratio Rank: 58
JELMX Calmar Ratio Rank: 54
JELMX Martin Ratio Rank: 62

FAMRX

FAMRX Risk / Return Rank: 70
FAMRX Sharpe Ratio Rank: 69
FAMRX Sortino Ratio Rank: 64
FAMRX Omega Ratio Rank: 68
FAMRX Calmar Ratio Rank: 71
FAMRX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JELMX vs. FAMRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Variable Insurance Trust Managed Volatility Moderate Portfolio (JELMX) and Fidelity Asset Manager 85% Fund (FAMRX). 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.

	JELMX	FAMRX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.87	-0.19
Sortino ratio: Return per unit of downside risk	2.42	2.57	-0.15
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	2.29	2.66	-0.37
Martin ratio: Return relative to average drawdown	9.51	11.44	-1.93

JELMX vs. FAMRX - Sharpe Ratio Comparison

The current JELMX Sharpe Ratio is 1.68, which is comparable to the FAMRX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of JELMX and FAMRX, 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

JELMX vs. FAMRX - Drawdown Comparison

The maximum JELMX drawdown since its inception was -44.89%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for JELMX and FAMRX.

Drawdown Indicators

	JELMX	FAMRX	Difference
Max Drawdown Largest peak-to-trough decline	-44.89%	-58.65%	+13.76%
Max Drawdown (1Y) Largest decline over 1 year	-5.55%	-9.33%	+3.78%
Max Drawdown (3Y) Largest decline over 3 years	-8.14%	-15.35%	+7.21%
Max Drawdown (5Y) Largest decline over 5 years	-18.32%	-26.00%	+7.68%
Max Drawdown (10Y) Largest decline over 10 years	-18.32%	-30.96%	+12.64%
Current Drawdown Current decline from peak	-0.54%	-1.01%	+0.47%
Average Drawdown Average peak-to-trough decline	-11.58%	-12.29%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	2.16%	-0.89%

Volatility

JELMX vs. FAMRX - Volatility Comparison

The current volatility for John Hancock Variable Insurance Trust Managed Volatility Moderate Portfolio (JELMX) is 3.00%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.82%. This indicates that JELMX experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JELMX	FAMRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	5.82%	-2.82%
Volatility (6M) Calculated over the trailing 6-month period	6.13%	11.23%	-5.10%
Volatility (1Y) Calculated over the trailing 1-year period	7.54%	13.28%	-5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.69%	14.83%	-7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.41%	15.26%	-7.85%

JELMX vs. FAMRX - Expense Ratio Comparison

JELMX has a 0.17% expense ratio, which is lower than FAMRX's 0.70% expense ratio.

Dividends

JELMX vs. FAMRX - Dividend Comparison

JELMX's dividend yield for the trailing twelve months is around 5.04%, more than FAMRX's 4.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAMRX Fidelity Asset Manager 85% Fund	4.92%	5.56%	3.44%	1.33%	5.07%	3.15%	1.99%	5.52%	5.62%	2.31%	0.28%	4.83%
JELMX John Hancock Variable Insurance Trust Managed Volatility Moderate Portfolio	5.04%	5.30%	2.83%	9.63%	6.29%	2.77%	7.50%	5.78%	9.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JELMX and FAMRX in my portfolio?

JELMX and FAMRX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JELMX or FAMRX?

FAMRX has higher volatility (5.82%) compared to JELMX (3.00%). In terms of maximum drawdown, JELMX dropped -44.89% vs FAMRX's -58.65%.

Which has better risk-adjusted returns?

FAMRX currently has the higher Sharpe Ratio (1.87 vs 1.68), 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.