JLAAX vs. JFIVX

Last updated Jun 23, 2026

JLAAX (John Hancock Funds II Multimanager 2010 Lifetime Portfolio) and JFIVX (John Hancock Variable Insurance Trust 500 Index Trust) are both mutual funds - JLAAX is a Target Retirement Date fund managed by John Hancock, while JFIVX is a Large Cap Blend Equities fund managed by John Hancock. Over the past 5 years, JLAAX returned 4.02%/yr vs 13.78%/yr for JFIVX. Their correlation of 0.82 suggests significant overlap in exposure. JLAAX charges 0.42%/yr vs 0.30%/yr for JFIVX.

Performance

JLAAX vs. JFIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Multimanager 2010 Lifetime Portfolio (JLAAX) and John Hancock Variable Insurance Trust 500 Index Trust (JFIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JLAAX achieves a 4.43% return, which is significantly lower than JFIVX's 10.02% return.

JLAAX

• 1D: 0.49%
• 1M: 0.86%
• YTD: 4.43%
• 6M: 4.64%
• 1Y: 11.32%
• 3Y*: 8.64%
• 5Y*: 4.02%
• 10Y*: 5.48%

JFIVX

• 1D: 1.08%
• 1M: 0.43%
• YTD: 10.02%
• 6M: 9.52%
• 1Y: 26.84%
• 3Y*: 20.62%
• 5Y*: 13.78%
• 10Y*: —

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

JLAAX vs. JFIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JLAAX John Hancock Funds II Multimanager 2010 Lifetime Portfolio	4.43%	10.84%	5.89%	9.84%	-12.11%	7.36%	10.12%	14.90%	-4.55%	5.99%
JFIVX John Hancock Variable Insurance Trust 500 Index Trust	10.02%	17.54%	24.61%	25.92%	-18.30%	28.31%	18.03%	31.05%	-5.00%	17.27%

Correlation

The correlation between JLAAX and JFIVX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.82

The correlation between JLAAX and JFIVX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.

Return for Risk

JLAAX vs. JFIVX — Risk / Return Rank

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

JLAAX

JLAAX Risk / Return Rank: 70
JLAAX Sharpe Ratio Rank: 74
JLAAX Sortino Ratio Rank: 73
JLAAX Omega Ratio Rank: 78
JLAAX Calmar Ratio Rank: 59
JLAAX Martin Ratio Rank: 67

JFIVX

JFIVX Risk / Return Rank: 65
JFIVX Sharpe Ratio Rank: 63
JFIVX Sortino Ratio Rank: 58
JFIVX Omega Ratio Rank: 59
JFIVX Calmar Ratio Rank: 68
JFIVX 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.

JLAAX vs. JFIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager 2010 Lifetime Portfolio (JLAAX) and John Hancock Variable Insurance Trust 500 Index Trust (JFIVX). 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.

	JLAAX	JFIVX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.15	+0.15
Sortino ratio: Return per unit of downside risk	3.25	2.92	+0.33
Omega ratio: Gain probability vs. loss probability	1.46	1.39	+0.08
Calmar ratio: Return relative to maximum drawdown	2.81	3.02	-0.21
Martin ratio: Return relative to average drawdown	12.24	13.67	-1.43

JLAAX vs. JFIVX - Sharpe Ratio Comparison

The current JLAAX Sharpe Ratio is 2.30, which is comparable to the JFIVX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of JLAAX and JFIVX, 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

JLAAX vs. JFIVX - Drawdown Comparison

The maximum JLAAX drawdown since its inception was -42.70%, which is greater than JFIVX's maximum drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for JLAAX and JFIVX.

Drawdown Indicators

	JLAAX	JFIVX	Difference
Max Drawdown Largest peak-to-trough decline	-42.70%	-33.81%	-8.89%
Max Drawdown (1Y) Largest decline over 1 year	-4.04%	-8.94%	+4.90%
Max Drawdown (3Y) Largest decline over 3 years	-5.65%	-18.82%	+13.17%
Max Drawdown (5Y) Largest decline over 5 years	-17.40%	-24.67%	+7.27%
Max Drawdown (10Y) Largest decline over 10 years	-18.67%	—	—
Current Drawdown Current decline from peak	-0.12%	-1.38%	+1.26%
Average Drawdown Average peak-to-trough decline	-4.64%	-4.61%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	1.97%	-1.04%

Volatility

JLAAX vs. JFIVX - Volatility Comparison

The current volatility for John Hancock Funds II Multimanager 2010 Lifetime Portfolio (JLAAX) is 2.03%, while John Hancock Variable Insurance Trust 500 Index Trust (JFIVX) has a volatility of 4.76%. This indicates that JLAAX experiences smaller price fluctuations and is considered to be less risky than JFIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JLAAX	JFIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.03%	4.76%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	4.20%	9.88%	-5.68%
Volatility (1Y) Calculated over the trailing 1-year period	4.94%	12.56%	-7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.48%	16.65%	-10.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.81%	18.35%	-11.54%

JLAAX vs. JFIVX - Expense Ratio Comparison

JLAAX has a 0.42% expense ratio, which is higher than JFIVX's 0.30% expense ratio.

Dividends

JLAAX vs. JFIVX - Dividend Comparison

JLAAX's dividend yield for the trailing twelve months is around 5.55%, more than JFIVX's 2.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JFIVX John Hancock Variable Insurance Trust 500 Index Trust	2.32%	2.56%	2.19%	2.44%	5.19%	5.17%	3.38%	2.97%	2.90%	1.27%	0.00%	0.00%
JLAAX John Hancock Funds II Multimanager 2010 Lifetime Portfolio	5.55%	5.79%	3.93%	3.75%	10.30%	8.10%	6.86%	7.67%	9.05%	4.02%	7.14%	7.81%

Frequently Asked Questions

Can I hold both JLAAX and JFIVX in my portfolio?

JLAAX and JFIVX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JLAAX or JFIVX?

JFIVX has higher volatility (4.76%) compared to JLAAX (2.03%). In terms of maximum drawdown, JLAAX dropped -42.70% vs JFIVX's -33.81%.

Which has better risk-adjusted returns?

JLAAX currently has the higher Sharpe Ratio (2.30 vs 2.15), 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.