JHCIX vs. FIQDX

Last updated Jul 14, 2026

JHCIX (John Hancock Variable Insurance Trust Lifestyle Conservative Portfolio) and FIQDX (Fidelity Advisor Strategic Real Return Fund Class Z) are both Diversified Portfolio funds. Over the past 5 years, JHCIX returned 2.04%/yr vs 5.62%/yr for FIQDX. A 0.53 correlation means they provide meaningful diversification when combined. JHCIX charges 0.13%/yr vs 0.61%/yr for FIQDX.

Performance

JHCIX vs. FIQDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Variable Insurance Trust Lifestyle Conservative Portfolio (JHCIX) and Fidelity Advisor Strategic Real Return Fund Class Z (FIQDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHCIX achieves a 2.85% return, which is significantly lower than FIQDX's 5.65% return.

JHCIX

• 1D: -0.08%
• 1M: 0.16%
• 6M: 2.00%
• YTD: 2.85%
• 1Y: 7.42%
• 3Y*: 7.29%
• 5Y*: 2.04%
• 10Y*: —

FIQDX

• 1D: -1.17%
• 1M: -2.11%
• 6M: 4.01%
• YTD: 5.65%
• 1Y: 11.03%
• 3Y*: 8.52%
• 5Y*: 5.62%
• 10Y*: —

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

JHCIX vs. FIQDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JHCIX John Hancock Variable Insurance Trust Lifestyle Conservative Portfolio	2.85%	9.73%	4.43%	9.16%	-14.57%	2.96%	10.74%	12.46%	-1.63%
FIQDX Fidelity Advisor Strategic Real Return Fund Class Z	5.65%	10.40%	6.03%	4.55%	-3.17%	15.96%	3.79%	10.63%	-4.90%

Correlation

The correlation between JHCIX and FIQDX 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	0.51
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	0.53

The correlation between JHCIX and FIQDX shifts across timeframes, from 0.33 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JHCIX vs. FIQDX — Risk / Return Rank

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

JHCIX

JHCIX Risk / Return Rank: 52
JHCIX Sharpe Ratio Rank: 53
JHCIX Sortino Ratio Rank: 56
JHCIX Omega Ratio Rank: 54
JHCIX Calmar Ratio Rank: 46
JHCIX Martin Ratio Rank: 53

FIQDX

FIQDX Risk / Return Rank: 83
FIQDX Sharpe Ratio Rank: 86
FIQDX Sortino Ratio Rank: 82
FIQDX Omega Ratio Rank: 83
FIQDX Calmar Ratio Rank: 83
FIQDX Martin Ratio Rank: 83

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.

JHCIX vs. FIQDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Variable Insurance Trust Lifestyle Conservative Portfolio (JHCIX) and Fidelity Advisor Strategic Real Return Fund Class Z (FIQDX). 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.

	JHCIX	FIQDX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.27	-0.64
Sortino ratio: Return per unit of downside risk	2.37	3.09	-0.72
Omega ratio: Gain probability vs. loss probability	1.30	1.43	-0.13
Calmar ratio: Return relative to maximum drawdown	2.06	3.10	-1.04
Martin ratio: Return relative to average drawdown	8.47	11.72	-3.26

JHCIX vs. FIQDX - Sharpe Ratio Comparison

The current JHCIX Sharpe Ratio is 1.63, which is comparable to the FIQDX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of JHCIX and FIQDX, 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

JHCIX vs. FIQDX - Drawdown Comparison

The maximum JHCIX drawdown since its inception was -19.29%, roughly equal to the maximum FIQDX drawdown of -19.98%. Use the drawdown chart below to compare losses from any high point for JHCIX and FIQDX.

Drawdown Indicators

	JHCIX	FIQDX	Difference
Max Drawdown Largest peak-to-trough decline	-19.29%	-19.98%	+0.69%
Max Drawdown (1Y) Largest decline over 1 year	-4.01%	-3.63%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-7.05%	-5.91%	-1.14%
Max Drawdown (5Y) Largest decline over 5 years	-19.29%	-12.79%	-6.50%
Current Drawdown Current decline from peak	-0.32%	-3.63%	+3.31%
Average Drawdown Average peak-to-trough decline	-3.80%	-2.97%	-0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.96%	-0.03%

Volatility

JHCIX vs. FIQDX - Volatility Comparison

The current volatility for John Hancock Variable Insurance Trust Lifestyle Conservative Portfolio (JHCIX) is 1.53%, while Fidelity Advisor Strategic Real Return Fund Class Z (FIQDX) has a volatility of 1.75%. This indicates that JHCIX experiences smaller price fluctuations and is considered to be less risky than FIQDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHCIX	FIQDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	1.75%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	3.89%	3.89%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	5.07%	4.95%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.50%	6.93%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.69%	7.39%	-1.70%

JHCIX vs. FIQDX - Expense Ratio Comparison

JHCIX has a 0.13% expense ratio, which is lower than FIQDX's 0.61% expense ratio.

Dividends

JHCIX vs. FIQDX - Dividend Comparison

JHCIX's dividend yield for the trailing twelve months is around 3.48%, more than FIQDX's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FIQDX Fidelity Advisor Strategic Real Return Fund Class Z	3.30%	4.75%	4.88%	5.38%	7.39%	5.44%	2.29%	3.17%	8.46%
JHCIX John Hancock Variable Insurance Trust Lifestyle Conservative Portfolio	3.48%	3.58%	3.41%	7.31%	9.12%	5.35%	4.90%	4.11%	3.61%

Frequently Asked Questions

Can I hold both JHCIX and FIQDX in my portfolio?

JHCIX and FIQDX 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.

Which is riskier, JHCIX or FIQDX?

FIQDX has higher volatility (1.75%) compared to JHCIX (1.53%). In terms of maximum drawdown, JHCIX dropped -19.29% vs FIQDX's -19.98%.

Which has better risk-adjusted returns?

FIQDX currently has the higher Sharpe Ratio (2.27 vs 1.63), 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.