JIIRX vs. VTMFX

Last updated Jun 24, 2026

JIIRX (John Hancock Funds Multi-Index Lifestyle Aggressive Portfolio) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 10 years, JIIRX returned 11.87%/yr vs 8.70%/yr for VTMFX. With a 0.95 correlation, they move nearly in lockstep. JIIRX charges 0.27%/yr vs 0.05%/yr for VTMFX.

Performance

JIIRX vs. VTMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Multi-Index Lifestyle Aggressive Portfolio (JIIRX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIIRX achieves a 13.22% return, which is significantly higher than VTMFX's 5.23% return. Over the past 10 years, JIIRX has outperformed VTMFX with an annualized return of 11.87%, while VTMFX has yielded a comparatively lower 8.70% annualized return.

JIIRX

• 1D: 0.06%
• 1M: 1.95%
• YTD: 13.22%
• 6M: 12.40%
• 1Y: 27.83%
• 3Y*: 18.83%
• 5Y*: 9.59%
• 10Y*: 11.87%

VTMFX

• 1D: -0.19%
• 1M: 0.76%
• YTD: 5.23%
• 6M: 4.83%
• 1Y: 14.99%
• 3Y*: 12.08%
• 5Y*: 7.01%
• 10Y*: 8.70%

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

JIIRX vs. VTMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JIIRX John Hancock Funds Multi-Index Lifestyle Aggressive Portfolio	13.22%	19.50%	13.62%	17.23%	-17.31%	19.30%	14.41%	25.90%	-8.97%	18.87%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	5.23%	11.28%	12.17%	15.55%	-12.69%	13.10%	13.31%	18.01%	-1.40%	12.61%

Correlation

The correlation between JIIRX and VTMFX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 31, 2013	0.95

The correlation between JIIRX and VTMFX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

JIIRX vs. VTMFX — Risk / Return Rank

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

JIIRX

JIIRX Risk / Return Rank: 71
JIIRX Sharpe Ratio Rank: 69
JIIRX Sortino Ratio Rank: 64
JIIRX Omega Ratio Rank: 65
JIIRX Calmar Ratio Rank: 75
JIIRX Martin Ratio Rank: 80

VTMFX

VTMFX Risk / Return Rank: 76
VTMFX Sharpe Ratio Rank: 80
VTMFX Sortino Ratio Rank: 78
VTMFX Omega Ratio Rank: 78
VTMFX Calmar Ratio Rank: 63
VTMFX Martin Ratio Rank: 78

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.

JIIRX vs. VTMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index Lifestyle Aggressive Portfolio (JIIRX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.

	JIIRX	VTMFX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.43	-0.19
Sortino ratio: Return per unit of downside risk	3.05	3.42	-0.38
Omega ratio: Gain probability vs. loss probability	1.41	1.46	-0.05
Calmar ratio: Return relative to maximum drawdown	3.24	2.91	+0.33
Martin ratio: Return relative to average drawdown	13.87	13.60	+0.27

JIIRX vs. VTMFX - Sharpe Ratio Comparison

The current JIIRX Sharpe Ratio is 2.24, which is comparable to the VTMFX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of JIIRX and VTMFX, 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

JIIRX vs. VTMFX - Drawdown Comparison

The maximum JIIRX drawdown since its inception was -34.72%, which is greater than VTMFX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for JIIRX and VTMFX.

Drawdown Indicators

	JIIRX	VTMFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-28.49%	-6.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-5.38%	-3.53%
Max Drawdown (3Y) Largest decline over 3 years	-16.03%	-10.61%	-5.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.23%	-17.40%	-7.83%
Max Drawdown (10Y) Largest decline over 10 years	-34.72%	-21.87%	-12.85%
Current Drawdown Current decline from peak	-0.35%	-0.75%	+0.40%
Average Drawdown Average peak-to-trough decline	-4.76%	-3.54%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	1.15%	+0.93%

Volatility

JIIRX vs. VTMFX - Volatility Comparison

John Hancock Funds Multi-Index Lifestyle Aggressive Portfolio (JIIRX) has a higher volatility of 5.01% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 2.45%. This indicates that JIIRX's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIIRX	VTMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	2.45%	+2.56%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	5.18%	+5.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	6.46%	+6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	8.57%	+6.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	9.15%	+7.86%

JIIRX vs. VTMFX - Expense Ratio Comparison

JIIRX has a 0.27% expense ratio, which is higher than VTMFX's 0.05% 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

JIIRX vs. VTMFX - Dividend Comparison

JIIRX's dividend yield for the trailing twelve months is around 4.41%, more than VTMFX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JIIRX John Hancock Funds Multi-Index Lifestyle Aggressive Portfolio	4.41%	4.99%	1.81%	1.94%	13.64%	7.78%	3.40%	9.52%	12.29%	3.49%	3.16%	1.88%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	2.12%	2.14%	2.08%	1.94%	1.85%	1.38%	1.72%	2.05%	2.22%	2.00%	2.13%	2.06%

Frequently Asked Questions

Can I hold both JIIRX and VTMFX in my portfolio?

With a correlation of 0.95, JIIRX and VTMFX 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, JIIRX or VTMFX?

JIIRX has higher volatility (5.01%) compared to VTMFX (2.45%). In terms of maximum drawdown, JIIRX dropped -34.72% vs VTMFX's -28.49%.

Which has better risk-adjusted returns?

VTMFX currently has the higher Sharpe Ratio (2.43 vs 2.24), 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.