JLAAX vs. PRMYX
JLAAX (John Hancock Funds II Multimanager 2010 Lifetime Portfolio) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Over the past 10 years, JLAAX returned 5.15%/yr vs 3.20%/yr for PRMYX. Their correlation of 0.82 means they have usually moved in the same direction. JLAAX charges 0.42%/yr vs 0.13%/yr for PRMYX.
Performance
JLAAX vs. PRMYX - Performance Comparison
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Returns By Period
In the year-to-date period, JLAAX achieves a 3.80% return, which is significantly higher than PRMYX's 2.30% return. Over the past 10 years, JLAAX has outperformed PRMYX with an annualized return of 5.15%, while PRMYX has yielded a comparatively lower 3.20% annualized return.
JLAAX
- 1D
- 0.61%
- 1M
- -0.36%
- 6M
- 2.12%
- YTD
- 3.80%
- 1Y
- 8.84%
- 3Y*
- 7.93%
- 5Y*
- 3.58%
- 10Y*
- 5.15%
- ALL TIME*
- 4.51%
PRMYX
- 1D
- 0.58%
- 1M
- -0.23%
- 6M
- 2.28%
- YTD
- 2.30%
- 1Y
- 6.12%
- 3Y*
- 7.35%
- 5Y*
- 4.08%
- 10Y*
- 3.20%
- ALL TIME*
- 3.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JLAAX vs. PRMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLAAX John Hancock Funds II Multimanager 2010 Lifetime Portfolio | 3.80% | 10.84% | 5.89% | 9.84% | -12.11% | 7.36% | 10.12% | 14.90% | -4.55% | 7.42% |
PRMYX Putnam RetirementReady Maturity Fund | 2.30% | 8.38% | 6.31% | 9.82% | -4.22% | 0.02% | 1.29% | 8.54% | -5.19% | 5.10% |
Correlation
The correlation between JLAAX and PRMYX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.82 |
The correlation between JLAAX and PRMYX shifts across timeframes, from 0.81 (10 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JLAAX vs. PRMYX — Risk / Return Rank
JLAAX
PRMYX
JLAAX vs. PRMYX - 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 Putnam RetirementReady Maturity Fund (PRMYX). 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 | PRMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.76 | +0.40 |
| Martin ratioReturn relative to average drawdown | 9.17 | 7.09 | +2.09 |
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Drawdowns
JLAAX vs. PRMYX - Drawdown Comparison
The maximum JLAAX drawdown since its inception was -42.70%, which is greater than PRMYX's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for JLAAX and PRMYX.
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Drawdown Indicators
| JLAAX | PRMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.70% | -9.74% | -32.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.04% | -3.50% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | -7.35% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -9.24% | -8.16% |
Max Drawdown (10Y)Largest decline over 10 years | -18.67% | -9.74% | -8.93% |
Current DrawdownCurrent decline from peak | -0.73% | -0.63% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -1.68% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.87% | +0.08% |
Volatility
JLAAX vs. PRMYX - Volatility Comparison
The current volatility for John Hancock Funds II Multimanager 2010 Lifetime Portfolio (JLAAX) is 1.32%, while Putnam RetirementReady Maturity Fund (PRMYX) has a volatility of 1.44%. This indicates that JLAAX experiences smaller price fluctuations and is considered to be less risky than PRMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JLAAX | PRMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.44% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 3.88% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 4.83% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 5.26% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.77% | 4.50% | +2.27% |
JLAAX vs. PRMYX - Expense Ratio Comparison
JLAAX has a 0.42% expense ratio, which is higher than PRMYX's 0.13% expense ratio.
Dividends
JLAAX vs. PRMYX - Dividend Comparison
JLAAX's dividend yield for the trailing twelve months is around 5.58%, more than PRMYX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLAAX John Hancock Funds II Multimanager 2010 Lifetime Portfolio | 5.58% | 5.79% | 3.93% | 3.75% | 10.30% | 8.10% | 6.86% | 7.67% | 9.05% | 4.02% | 7.14% | 7.81% |
PRMYX Putnam RetirementReady Maturity Fund | 3.41% | 3.30% | 3.15% | 3.62% | 7.46% | 2.47% | 2.17% | 2.97% | 1.73% | 0.55% | 1.53% | 3.90% |
Frequently Asked Questions
With a correlation of 0.92, JLAAX and PRMYX 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.
PRMYX has higher volatility (1.44%) compared to JLAAX (1.32%). In terms of maximum drawdown, JLAAX dropped -42.70% vs PRMYX's -9.74%.
JLAAX currently has the higher Sharpe Ratio (1.74 vs 1.27), 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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