JIEHX vs. SSDJX

Last updated Jun 3, 2026

JIEHX (John Hancock Funds Multi-Index 2060 Lifetime Portfolio) and SSDJX (State Street Target Retirement 2050 Fund) are both Target Retirement Date funds. Over the past 5 years, JIEHX returned 9.92%/yr vs 8.44%/yr for SSDJX. With a 0.97 correlation, they move nearly in lockstep. JIEHX charges 0.01%/yr vs 0.21%/yr for SSDJX.

Performance

JIEHX vs. SSDJX - 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 State Street Target Retirement 2050 Fund (SSDJX). 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 higher than SSDJX's 11.12% return.

JIEHX

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

SSDJX

• 1D: 0.00%
• 1M: 3.98%
• YTD: 11.12%
• 6M: 12.28%
• 1Y: 26.70%
• 3Y*: 18.13%
• 5Y*: 8.44%
• 10Y*: 11.02%

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

JIEHX vs. SSDJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JIEHX John Hancock Funds Multi-Index 2060 Lifetime Portfolio	12.41%	20.12%	15.37%	18.47%	-18.03%	18.48%	16.08%	25.00%	-8.22%	16.82%
SSDJX State Street Target Retirement 2050 Fund	11.12%	20.71%	12.35%	19.18%	-19.24%	13.12%	19.69%	25.73%	-8.12%	18.55%

Correlation

The correlation between JIEHX and SSDJX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.97

The correlation between JIEHX and SSDJX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

JIEHX vs. SSDJX — 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

SSDJX

SSDJX Risk / Return Rank: 71
SSDJX Sharpe Ratio Rank: 75
SSDJX Sortino Ratio Rank: 71
SSDJX Omega Ratio Rank: 73
SSDJX Calmar Ratio Rank: 66
SSDJX Martin Ratio Rank: 69

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. SSDJX - 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 State Street Target Retirement 2050 Fund (SSDJX). 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	SSDJX	Difference
Sharpe ratio Return per unit of total volatility	2.46	2.52	-0.06
Sortino ratio Return per unit of downside risk	3.39	3.52	-0.13
Omega ratio Gain probability vs. loss probability	1.45	1.48	-0.03
Calmar ratio Return relative to maximum drawdown	3.21	3.13	+0.08
Martin ratio Return relative to average drawdown	14.29	13.39	+0.91
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. SSDJX - Sharpe Ratio Comparison

The current JIEHX Sharpe Ratio is 2.46, which is comparable to the SSDJX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of JIEHX and SSDJX, 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	SSDJX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.52	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.60	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.68	+0.03

Drawdowns

JIEHX vs. SSDJX - Drawdown Comparison

The maximum JIEHX drawdown since its inception was -32.55%, which is greater than SSDJX's maximum drawdown of -29.95%. Use the drawdown chart below to compare losses from any high point for JIEHX and SSDJX.

Drawdown Indicators

	JIEHX	SSDJX	Difference
Max Drawdown Largest peak-to-trough decline	-32.55%	-29.95%	-2.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.18%	-8.73%	-0.45%
Max Drawdown (3Y) Largest decline over 3 years	-16.15%	-14.70%	-1.45%
Max Drawdown (5Y) Largest decline over 5 years	-25.70%	-27.45%	+1.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.95%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.99%	-5.05%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.04%	+0.02%

Volatility

JIEHX vs. SSDJX - Volatility Comparison

John Hancock Funds Multi-Index 2060 Lifetime Portfolio (JIEHX) has a higher volatility of 3.52% compared to State Street Target Retirement 2050 Fund (SSDJX) at 3.32%. This indicates that JIEHX's price experiences larger fluctuations and is considered to be riskier than SSDJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIEHX	SSDJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.32%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	8.76%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	12.09%	10.93%	+1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	14.11%	+1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.45%	14.77%	+1.68%

JIEHX vs. SSDJX - Expense Ratio Comparison

JIEHX has a 0.01% expense ratio, which is lower than SSDJX's 0.21% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JIEHX vs. SSDJX - Dividend Comparison

JIEHX's dividend yield for the trailing twelve months is around 3.16%, less than SSDJX's 5.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
SSDJX State Street Target Retirement 2050 Fund	5.45%	6.05%	4.63%	3.13%	5.47%	4.87%	4.13%	6.79%	5.05%	0.45%	1.73%	1.86%

Frequently Asked Questions

Can I hold both JIEHX and SSDJX in my portfolio?

With a correlation of 0.96, JIEHX and SSDJX 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 SSDJX?

JIEHX has higher volatility (3.52%) compared to SSDJX (3.32%). In terms of maximum drawdown, JIEHX dropped -32.55% vs SSDJX's -29.95%.

Which has better risk-adjusted returns?

SSDJX currently has the higher Sharpe Ratio (2.52 vs 2.46), 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.