JIEHX vs. LPWRX

Last updated Jun 3, 2026

JIEHX (John Hancock Funds Multi-Index 2060 Lifetime Portfolio) and LPWRX (BlackRock LifePath Dynamic 2065 Fund) are both Target Retirement Date funds. Over the past 5 years, JIEHX returned 9.92%/yr vs 9.07%/yr for LPWRX. With a 0.96 correlation, they move nearly in lockstep. JIEHX charges 0.01%/yr vs 0.93%/yr for LPWRX.

Performance

JIEHX vs. LPWRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Multi-Index 2060 Lifetime Portfolio (JIEHX) and BlackRock LifePath Dynamic 2065 Fund (LPWRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIEHX achieves a 12.41% return, which is significantly lower than LPWRX's 13.32% return.

JIEHX

• 1D: 0.34%
• 1M: 4.59%
• YTD: 12.41%
• 6M: 13.66%
• 1Y: 28.94%
• 3Y*: 19.61%
• 5Y*: 9.92%
• 10Y*: —

LPWRX

• 1D: 0.47%
• 1M: 4.60%
• YTD: 13.32%
• 6M: 14.75%
• 1Y: 29.08%
• 3Y*: 18.17%
• 5Y*: 9.07%
• 10Y*: —

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

JIEHX vs. LPWRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JIEHX John Hancock Funds Multi-Index 2060 Lifetime Portfolio	12.41%	20.12%	15.37%	18.47%	-18.03%	18.48%	16.08%	5.26%
LPWRX BlackRock LifePath Dynamic 2065 Fund	13.32%	20.43%	8.99%	22.14%	-18.94%	17.84%	13.47%	5.28%

Correlation

The correlation between JIEHX and LPWRX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Oct 31, 2019	0.96

The correlation between JIEHX and LPWRX has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.

Return for Risk

JIEHX vs. LPWRX — Risk / Return Rank

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

JIEHX

JIEHX Risk / Return Rank: 69
JIEHX Sharpe Ratio Rank: 71
JIEHX Sortino Ratio Rank: 66
JIEHX Omega Ratio Rank: 64
JIEHX Calmar Ratio Rank: 68
JIEHX Martin Ratio Rank: 75

LPWRX

LPWRX Risk / Return Rank: 56
LPWRX Sharpe Ratio Rank: 52
LPWRX Sortino Ratio Rank: 49
LPWRX Omega Ratio Rank: 48
LPWRX Calmar Ratio Rank: 61
LPWRX Martin Ratio Rank: 68

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.

JIEHX vs. LPWRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index 2060 Lifetime Portfolio (JIEHX) and BlackRock LifePath Dynamic 2065 Fund (LPWRX). 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.

	JIEHX	LPWRX	Difference
Sharpe ratio Return per unit of total volatility	2.46	2.14	+0.32
Sortino ratio Return per unit of downside risk	3.39	2.96	+0.43
Omega ratio Gain probability vs. loss probability	1.45	1.38	+0.07
Calmar ratio Return relative to maximum drawdown	3.21	3.00	+0.21
Martin ratio Return relative to average drawdown	14.29	13.14	+1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JIEHX vs. LPWRX - Sharpe Ratio Comparison

The current JIEHX Sharpe Ratio is 2.46, which is comparable to the LPWRX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of JIEHX and LPWRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JIEHX	LPWRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.14	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.54	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.63	+0.07

Drawdowns

JIEHX vs. LPWRX - Drawdown Comparison

The maximum JIEHX drawdown since its inception was -32.55%, roughly equal to the maximum LPWRX drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for JIEHX and LPWRX.

Drawdown Indicators

	JIEHX	LPWRX	Difference
Max Drawdown Largest peak-to-trough decline	-32.55%	-33.27%	+0.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.18%	-10.07%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-16.15%	-21.36%	+5.21%
Max Drawdown (5Y) Largest decline over 5 years	-25.70%	-27.28%	+1.58%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.99%	-6.45%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.30%	-0.24%

Volatility

JIEHX vs. LPWRX - Volatility Comparison

The current volatility for John Hancock Funds Multi-Index 2060 Lifetime Portfolio (JIEHX) is 3.52%, while BlackRock LifePath Dynamic 2065 Fund (LPWRX) has a volatility of 4.16%. This indicates that JIEHX experiences smaller price fluctuations and is considered to be less risky than LPWRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIEHX	LPWRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	4.16%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	11.41%	-1.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.09%	14.24%	-2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	16.96%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.45%	18.60%	-2.15%

JIEHX vs. LPWRX - Expense Ratio Comparison

JIEHX has a 0.01% expense ratio, which is lower than LPWRX's 0.93% expense ratio.

Dividends

JIEHX vs. LPWRX - Dividend Comparison

JIEHX's dividend yield for the trailing twelve months is around 3.16%, more than LPWRX's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JIEHX John Hancock Funds Multi-Index 2060 Lifetime Portfolio	3.16%	3.55%	1.76%	2.17%	6.57%	5.15%	3.18%	6.88%	6.99%	1.76%
LPWRX BlackRock LifePath Dynamic 2065 Fund	2.00%	2.26%	1.00%	2.07%	2.35%	9.34%	1.00%	0.55%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JIEHX and LPWRX in my portfolio?

With a correlation of 0.99, JIEHX and LPWRX 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, JIEHX or LPWRX?

LPWRX has higher volatility (4.16%) compared to JIEHX (3.52%). In terms of maximum drawdown, JIEHX dropped -32.55% vs LPWRX's -33.27%.

Which has better risk-adjusted returns?

JIEHX currently has the higher Sharpe Ratio (2.46 vs 2.14), 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.