JLAAX vs. JVMIX
JLAAX (John Hancock Funds II Multimanager 2010 Lifetime Portfolio) and JVMIX (John Hancock Funds Disciplined Value Mid Cap Fund Class I) are both mutual funds - JLAAX is a Target Retirement Date fund managed by John Hancock, while JVMIX is a Mid Cap Value Equities fund managed by John Hancock. Over the past 10 years, JLAAX returned 5.43%/yr vs 10.42%/yr for JVMIX. Their correlation of 0.85 suggests significant overlap in exposure. JLAAX charges 0.42%/yr vs 0.87%/yr for JVMIX.
Performance
JLAAX vs. JVMIX - Performance Comparison
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Returns By Period
In the year-to-date period, JLAAX achieves a 4.43% return, which is significantly lower than JVMIX's 8.34% return. Over the past 10 years, JLAAX has underperformed JVMIX with an annualized return of 5.43%, while JVMIX has yielded a comparatively higher 10.42% annualized return.
JLAAX
- 1D
- 0.12%
- 1M
- 0.36%
- YTD
- 4.43%
- 6M
- 4.89%
- 1Y
- 11.60%
- 3Y*
- 9.03%
- 5Y*
- 3.89%
- 10Y*
- 5.43%
JVMIX
- 1D
- 0.88%
- 1M
- 0.88%
- YTD
- 8.34%
- 6M
- 6.91%
- 1Y
- 17.85%
- 3Y*
- 15.33%
- 5Y*
- 8.21%
- 10Y*
- 10.42%
JLAAX vs. JVMIX - 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% | 7.42% |
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 8.34% | 11.28% | 10.46% | 16.64% | -7.09% | 26.85% | 5.90% | 30.13% | -14.90% | 15.10% |
Correlation
The correlation between JLAAX and JVMIX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2006 | 0.85 |
The correlation between JLAAX and JVMIX shifts across timeframes, from 0.67 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JLAAX vs. JVMIX — Risk / Return Rank
JLAAX
JVMIX
JLAAX vs. JVMIX - 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 Funds Disciplined Value Mid Cap Fund Class I (JVMIX). 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.
| JLAAX | JVMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.25 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.09 | +0.79 |
| Martin ratioReturn relative to average drawdown | 12.77 | 6.72 | +6.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JLAAX | JVMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 1.40 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.45 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.51 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.31 | +0.17 |
Drawdowns
JLAAX vs. JVMIX - Drawdown Comparison
The maximum JLAAX drawdown since its inception was -42.70%, smaller than the maximum JVMIX drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for JLAAX and JVMIX.
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Drawdown Indicators
| JLAAX | JVMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.70% | -67.04% | +24.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.04% | -8.57% | +4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -5.65% | -21.13% | +15.48% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -21.13% | +3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -18.67% | -42.64% | +23.97% |
Current DrawdownCurrent decline from peak | -0.12% | -0.33% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -13.36% | +8.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.66% | -1.75% |
Volatility
JLAAX vs. JVMIX - Volatility Comparison
The current volatility for John Hancock Funds II Multimanager 2010 Lifetime Portfolio (JLAAX) is 1.65%, while John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) has a volatility of 3.10%. This indicates that JLAAX experiences smaller price fluctuations and is considered to be less risky than JVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JLAAX | JVMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 3.10% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 9.20% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 12.77% | -8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 18.39% | -11.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 20.31% | -13.52% |
JLAAX vs. JVMIX - Expense Ratio Comparison
JLAAX has a 0.42% expense ratio, which is lower than JVMIX's 0.87% expense ratio.
Dividends
JLAAX vs. JVMIX - Dividend Comparison
JLAAX's dividend yield for the trailing twelve months is around 5.55%, less than JVMIX's 8.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 8.53% | 9.24% | 12.05% | 4.02% | 5.27% | 6.67% | 1.13% | 2.40% | 13.85% | 5.94% | 1.91% | 5.88% |
Frequently Asked Questions
JLAAX and JVMIX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JVMIX has higher volatility (3.10%) compared to JLAAX (1.65%). In terms of maximum drawdown, JLAAX dropped -42.70% vs JVMIX's -67.04%.
JLAAX currently has the higher Sharpe Ratio (2.52 vs 1.40), 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.
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