JILBX vs. FRGAX

Last updated Jun 23, 2026

JILBX (John Hancock Funds II Multimanager Lifestyle Balanced Portfolio) and FRGAX (Fidelity 70% Allocation Fund) are both Diversified Portfolio funds. Over the past 3 years, JILBX returned 9.90%/yr vs 15.26%/yr for FRGAX. Their correlation of 0.90 suggests significant overlap in exposure. JILBX charges 0.20%/yr vs 0.02%/yr for FRGAX.

Performance

JILBX vs. FRGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Multimanager Lifestyle Balanced Portfolio (JILBX) and Fidelity 70% Allocation Fund (FRGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JILBX having a 9.06% return and FRGAX slightly lower at 8.81%.

JILBX

• 1D: 0.95%
• 1M: 1.99%
• YTD: 9.06%
• 6M: 0.90%
• 1Y: 10.33%
• 3Y*: 9.90%
• 5Y*: 4.54%
• 10Y*: 7.37%

FRGAX

• 1D: 0.89%
• 1M: 1.27%
• YTD: 8.81%
• 6M: 8.63%
• 1Y: 21.60%
• 3Y*: 15.26%
• 5Y*: —
• 10Y*: —

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

JILBX vs. FRGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JILBX John Hancock Funds II Multimanager Lifestyle Balanced Portfolio	9.06%	5.24%	9.69%	13.90%	-0.32%
FRGAX Fidelity 70% Allocation Fund	8.81%	17.10%	12.91%	17.57%	-1.63%

Correlation

The correlation between JILBX and FRGAX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022	0.90

The correlation between JILBX and FRGAX has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

JILBX vs. FRGAX — Risk / Return Rank

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

JILBX

JILBX Risk / Return Rank: 13
JILBX Sharpe Ratio Rank: 13
JILBX Sortino Ratio Rank: 10
JILBX Omega Ratio Rank: 19
JILBX Calmar Ratio Rank: 12
JILBX Martin Ratio Rank: 11

FRGAX

FRGAX Risk / Return Rank: 70
FRGAX Sharpe Ratio Rank: 70
FRGAX Sortino Ratio Rank: 69
FRGAX Omega Ratio Rank: 68
FRGAX Calmar Ratio Rank: 69
FRGAX Martin Ratio Rank: 76

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.

JILBX vs. FRGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager Lifestyle Balanced Portfolio (JILBX) and Fidelity 70% Allocation Fund (FRGAX). 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.

	JILBX	FRGAX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	2.24	-1.31
Sortino ratio: Return per unit of downside risk	1.17	3.14	-1.97
Omega ratio: Gain probability vs. loss probability	1.21	1.42	-0.20
Calmar ratio: Return relative to maximum drawdown	1.10	3.06	-1.95
Martin ratio: Return relative to average drawdown	3.02	13.32	-10.31

JILBX vs. FRGAX - Sharpe Ratio Comparison

The current JILBX Sharpe Ratio is 0.93, which is lower than the FRGAX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of JILBX and FRGAX, 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

JILBX vs. FRGAX - Drawdown Comparison

The maximum JILBX drawdown since its inception was -41.80%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for JILBX and FRGAX.

Drawdown Indicators

	JILBX	FRGAX	Difference
Max Drawdown Largest peak-to-trough decline	-41.80%	-11.77%	-30.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.55%	-7.03%	-3.52%
Max Drawdown (3Y) Largest decline over 3 years	-10.92%	-11.77%	+0.85%
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.02%	—	—
Current Drawdown Current decline from peak	-0.07%	-0.51%	+0.44%
Average Drawdown Average peak-to-trough decline	-5.06%	-1.58%	-3.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	1.61%	+2.04%

Volatility

JILBX vs. FRGAX - Volatility Comparison

John Hancock Funds II Multimanager Lifestyle Balanced Portfolio (JILBX) and Fidelity 70% Allocation Fund (FRGAX) have volatilities of 4.09% and 3.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JILBX	FRGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	3.91%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	7.94%	+3.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	9.60%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.33%	10.41%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.17%	10.41%	+0.76%

JILBX vs. FRGAX - Expense Ratio Comparison

JILBX has a 0.20% expense ratio, which is higher than FRGAX's 0.02% 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

JILBX vs. FRGAX - Dividend Comparison

JILBX's dividend yield for the trailing twelve months is around 2.39%, more than FRGAX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRGAX Fidelity 70% Allocation Fund	1.84%	2.00%	2.01%	1.77%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JILBX John Hancock Funds II Multimanager Lifestyle Balanced Portfolio	2.39%	2.98%	2.91%	5.21%	12.31%	10.60%	5.96%	9.47%	9.62%	5.83%	7.04%	7.49%

Frequently Asked Questions

Can I hold both JILBX and FRGAX in my portfolio?

JILBX and FRGAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JILBX or FRGAX?

JILBX has higher volatility (4.09%) compared to FRGAX (3.91%). In terms of maximum drawdown, JILBX dropped -41.80% vs FRGAX's -11.77%.

Which has better risk-adjusted returns?

FRGAX currently has the higher Sharpe Ratio (2.24 vs 0.93), 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.