JLDAX vs. PMTIX

Last updated Aug 1, 2026

JLDAX (John Hancock Funds II Multimanager 2020 Lifetime Portfolio) and PMTIX (Principal LifeTime 2030 Fund) are both Target Retirement Date funds. Over the past 10 years, JLDAX returned 6.27%/yr vs 8.48%/yr for PMTIX. Their 0.97 correlation means they have historically moved very closely together. JLDAX charges 0.42%/yr vs 0.01%/yr for PMTIX.

Performance

JLDAX vs. PMTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Multimanager 2020 Lifetime Portfolio (JLDAX) and Principal LifeTime 2030 Fund (PMTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JLDAX having a 5.09% return and PMTIX slightly higher at 5.18%. Over the past 10 years, JLDAX has underperformed PMTIX with an annualized return of 6.27%, while PMTIX has yielded a comparatively higher 8.48% annualized return.

JLDAX

• 1D: 0.78%
• 1M: -0.55%
• 6M: 3.06%
• YTD: 5.09%
• 1Y: 11.21%
• 3Y*: 9.16%
• 5Y*: 3.98%
• 10Y*: 6.27%
• ALL TIME*: 5.14%

PMTIX

• 1D: 1.01%
• 1M: -0.07%
• 6M: 3.37%
• YTD: 5.18%
• 1Y: 11.47%
• 3Y*: 11.80%
• 5Y*: 5.71%
• 10Y*: 8.48%
• ALL TIME*: 6.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JLDAX John Hancock Funds II Multimanager 2020 Lifetime Portfolio	$0.00	$0.00	$0.00
PMTIX Principal LifeTime 2030 Fund	$0.00	$0.00	$0.00

JLDAX vs. PMTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JLDAX John Hancock Funds II Multimanager 2020 Lifetime Portfolio	5.09%	12.30%	7.00%	11.14%	-15.05%	9.23%	13.18%	17.58%	-5.83%	10.56%
PMTIX Principal LifeTime 2030 Fund	5.18%	13.25%	12.86%	15.11%	-16.81%	12.70%	14.71%	22.40%	-7.45%	18.41%

Correlation

The correlation between JLDAX and PMTIX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Oct 30, 2006	0.97

The correlation between JLDAX and PMTIX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

JLDAX vs. PMTIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JLDAX

JLDAX Risk / Return Rank: 65
JLDAX Sharpe Ratio Rank: 65
JLDAX Sortino Ratio Rank: 64
JLDAX Omega Ratio Rank: 67
JLDAX Calmar Ratio Rank: 60
JLDAX Martin Ratio Rank: 71

PMTIX

PMTIX Risk / Return Rank: 50
PMTIX Sharpe Ratio Rank: 47
PMTIX Sortino Ratio Rank: 46
PMTIX Omega Ratio Rank: 46
PMTIX Calmar Ratio Rank: 49
PMTIX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JLDAX vs. PMTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager 2020 Lifetime Portfolio (JLDAX) and Principal LifeTime 2030 Fund (PMTIX). 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.

	JLDAX	PMTIX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.28	+0.32
Sortino ratio: Return per unit of downside risk	2.30	1.85	+0.45
Omega ratio: Gain probability vs. loss probability	1.30	1.24	+0.07
Calmar ratio: Return relative to maximum drawdown	2.14	1.81	+0.33
Martin ratio: Return relative to average drawdown	9.07	7.70	+1.37

JLDAX vs. PMTIX - Sharpe Ratio Comparison

The current JLDAX Sharpe Ratio is 1.61, which is comparable to the PMTIX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of JLDAX and PMTIX, 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

JLDAX vs. PMTIX - Drawdown Comparison

The maximum JLDAX drawdown since its inception was -51.18%, roughly equal to the maximum PMTIX drawdown of -52.14%. Use the drawdown chart below to compare losses from any high point for JLDAX and PMTIX.

Drawdown Indicators

	JLDAX	PMTIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.18%	-52.14%	+0.96%
Max Drawdown (1Y) Largest decline over 1 year	-5.01%	-5.85%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-7.13%	-9.62%	+2.49%
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	-23.05%	+1.98%
Max Drawdown (10Y) Largest decline over 10 years	-21.82%	-25.87%	+4.05%
Current Drawdown Current decline from peak	-1.09%	-0.79%	-0.30%
Average Drawdown Average peak-to-trough decline	-6.37%	-6.75%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	1.38%	-0.20%

Volatility

JLDAX vs. PMTIX - Volatility Comparison

The current volatility for John Hancock Funds II Multimanager 2020 Lifetime Portfolio (JLDAX) is 1.87%, while Principal LifeTime 2030 Fund (PMTIX) has a volatility of 2.24%. This indicates that JLDAX experiences smaller price fluctuations and is considered to be less risky than PMTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JLDAX	PMTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.87%	2.24%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	5.70%	6.89%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	6.69%	8.27%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.37%	10.62%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.86%	11.15%	-2.29%

JLDAX vs. PMTIX - Expense Ratio Comparison

JLDAX has a 0.42% expense ratio, which is higher than PMTIX's 0.01% expense ratio.

Dividends

JLDAX vs. PMTIX - Dividend Comparison

JLDAX's dividend yield for the trailing twelve months is around 5.91%, less than PMTIX's 9.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JLDAX John Hancock Funds II Multimanager 2020 Lifetime Portfolio	5.91%	6.21%	3.47%	3.27%	14.23%	11.32%	7.30%	9.46%	10.82%	5.85%	7.48%	7.28%
PMTIX Principal LifeTime 2030 Fund	9.22%	9.69%	9.60%	4.26%	10.05%	8.87%	6.37%	6.49%	8.21%	5.87%	3.97%	9.44%

Frequently Asked Questions

Can I hold both JLDAX and PMTIX in my portfolio?

With a correlation of 0.96, JLDAX and PMTIX 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, JLDAX or PMTIX?

PMTIX has higher volatility (2.24%) compared to JLDAX (1.87%). In terms of maximum drawdown, JLDAX dropped -51.18% vs PMTIX's -52.14%.

Which has better risk-adjusted returns?

JLDAX currently has the higher Sharpe Ratio (1.61 vs 1.28), 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.