JLEAX vs. JHNBX

Last updated Jun 5, 2026

JLEAX (John Hancock Funds II Multimanager 2025 Lifetime Portfolio) and JHNBX (John Hancock Bond Fund) are both mutual funds - JLEAX is a Target Retirement Date fund managed by John Hancock, while JHNBX is a Intermediate Core-Plus Bond fund managed by John Hancock. Over the past 10 years, JLEAX returned 7.49%/yr vs 2.19%/yr for JHNBX. At a 0.05 correlation, their price movements are largely independent. JLEAX charges 0.42%/yr vs 0.76%/yr for JHNBX.

Performance

JLEAX vs. JHNBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Multimanager 2025 Lifetime Portfolio (JLEAX) and John Hancock Bond Fund (JHNBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JLEAX achieves a 6.74% return, which is significantly higher than JHNBX's 0.17% return. Over the past 10 years, JLEAX has outperformed JHNBX with an annualized return of 7.49%, while JHNBX has yielded a comparatively lower 2.19% annualized return.

JLEAX

• 1D: -0.39%
• 1M: 1.81%
• YTD: 6.74%
• 6M: 7.20%
• 1Y: 16.04%
• 3Y*: 11.65%
• 5Y*: 4.68%
• 10Y*: 7.49%

JHNBX

• 1D: -0.22%
• 1M: 0.13%
• YTD: 0.17%
• 6M: 0.47%
• 1Y: 5.08%
• 3Y*: 4.43%
• 5Y*: -0.01%
• 10Y*: 2.19%

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

JLEAX vs. JHNBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JLEAX John Hancock Funds II Multimanager 2025 Lifetime Portfolio	6.74%	13.39%	7.62%	12.47%	-16.87%	11.05%	15.34%	19.43%	-6.80%	13.02%
JHNBX John Hancock Bond Fund	0.17%	7.53%	1.97%	6.24%	-15.22%	-0.68%	10.31%	10.09%	-1.15%	4.94%

Correlation

The correlation between JLEAX and JHNBX is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Oct 31, 2006	0.05

Over the past year, JLEAX and JHNBX have become more correlated (0.50) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

JLEAX vs. JHNBX — Risk / Return Rank

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

JLEAX

JLEAX Risk / Return Rank: 69
JLEAX Sharpe Ratio Rank: 70
JLEAX Sortino Ratio Rank: 70
JLEAX Omega Ratio Rank: 72
JLEAX Calmar Ratio Rank: 64
JLEAX Martin Ratio Rank: 70

JHNBX

JHNBX Risk / Return Rank: 24
JHNBX Sharpe Ratio Rank: 25
JHNBX Sortino Ratio Rank: 27
JHNBX Omega Ratio Rank: 23
JHNBX Calmar Ratio Rank: 23
JHNBX Martin Ratio Rank: 21

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.

JLEAX vs. JHNBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager 2025 Lifetime Portfolio (JLEAX) and John Hancock Bond Fund (JHNBX). 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.

	JLEAX	JHNBX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.44	+0.94
Sortino ratio: Return per unit of downside risk	3.41	2.14	+1.26
Omega ratio: Gain probability vs. loss probability	1.46	1.25	+0.21
Calmar ratio: Return relative to maximum drawdown	2.96	1.77	+1.20
Martin ratio: Return relative to average drawdown	12.99	5.40	+7.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JLEAX vs. JHNBX - Sharpe Ratio Comparison

The current JLEAX Sharpe Ratio is 2.37, which is higher than the JHNBX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of JLEAX and JHNBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JLEAX	JHNBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	1.44	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	-0.00	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.45	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.75	-0.36

Drawdowns

JLEAX vs. JHNBX - Drawdown Comparison

The maximum JLEAX drawdown since its inception was -54.13%, which is greater than JHNBX's maximum drawdown of -24.74%. Use the drawdown chart below to compare losses from any high point for JLEAX and JHNBX.

Drawdown Indicators

	JLEAX	JHNBX	Difference
Max Drawdown Largest peak-to-trough decline	-54.13%	-24.74%	-29.39%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-3.25%	-2.31%
Max Drawdown (3Y) Largest decline over 3 years	-8.59%	-6.69%	-1.90%
Max Drawdown (5Y) Largest decline over 5 years	-23.34%	-20.13%	-3.21%
Max Drawdown (10Y) Largest decline over 10 years	-24.64%	-20.13%	-4.51%
Current Drawdown Current decline from peak	-0.39%	-2.21%	+1.82%
Average Drawdown Average peak-to-trough decline	-7.51%	-4.15%	-3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	1.06%	+0.21%

Volatility

JLEAX vs. JHNBX - Volatility Comparison

John Hancock Funds II Multimanager 2025 Lifetime Portfolio (JLEAX) has a higher volatility of 2.42% compared to John Hancock Bond Fund (JHNBX) at 1.38%. This indicates that JLEAX's price experiences larger fluctuations and is considered to be riskier than JHNBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JLEAX	JHNBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	1.38%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	5.70%	2.91%	+2.79%
Volatility (1Y) Calculated over the trailing 1-year period	6.94%	3.99%	+2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.52%	5.87%	+3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.52%	4.91%	+5.61%

JLEAX vs. JHNBX - Expense Ratio Comparison

JLEAX has a 0.42% expense ratio, which is lower than JHNBX's 0.76% expense ratio.

Dividends

JLEAX vs. JHNBX - Dividend Comparison

JLEAX's dividend yield for the trailing twelve months is around 7.75%, more than JHNBX's 4.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHNBX John Hancock Bond Fund	4.48%	4.41%	4.14%	3.80%	2.93%	3.30%	5.50%	3.75%	3.51%	3.23%	3.19%	3.48%
JLEAX John Hancock Funds II Multimanager 2025 Lifetime Portfolio	7.75%	8.28%	3.24%	3.40%	16.06%	10.15%	6.03%	9.58%	11.67%	6.30%	6.91%	6.40%

Frequently Asked Questions

Can I hold both JLEAX and JHNBX in my portfolio?

JLEAX and JHNBX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JLEAX or JHNBX?

JLEAX has higher volatility (2.42%) compared to JHNBX (1.38%). In terms of maximum drawdown, JLEAX dropped -54.13% vs JHNBX's -24.74%.

Which has better risk-adjusted returns?

JLEAX currently has the higher Sharpe Ratio (2.37 vs 1.44), 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.