JLHAX vs. JVMIX
JLHAX (John Hancock Funds II Multimanager 2035 Lifetime Portfolio) and JVMIX (John Hancock Funds Disciplined Value Mid Cap Fund Class I) are both mutual funds - JLHAX 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, JLHAX returned 8.95%/yr vs 10.75%/yr for JVMIX. Their correlation of 0.90 means they have usually moved in the same direction. JLHAX charges 0.42%/yr vs 0.87%/yr for JVMIX.
Performance
JLHAX vs. JVMIX - Performance Comparison
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Returns By Period
In the year-to-date period, JLHAX achieves a 8.06% return, which is significantly lower than JVMIX's 14.20% return. Over the past 10 years, JLHAX has underperformed JVMIX with an annualized return of 8.95%, while JVMIX has yielded a comparatively higher 10.75% annualized return.
JLHAX
- 1D
- 1.48%
- 1M
- -0.85%
- 6M
- 5.04%
- YTD
- 8.06%
- 1Y
- 16.88%
- 3Y*
- 12.76%
- 5Y*
- 5.86%
- 10Y*
- 8.95%
- ALL TIME*
- 6.72%
JVMIX
- 1D
- -0.70%
- 1M
- 2.05%
- 6M
- 9.53%
- YTD
- 14.20%
- 1Y
- 19.00%
- 3Y*
- 13.89%
- 5Y*
- 10.01%
- 10Y*
- 10.75%
- ALL TIME*
- 6.60%
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 |
JLHAX vs. JVMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLHAX John Hancock Funds II Multimanager 2035 Lifetime Portfolio | 8.06% | 16.08% | 11.11% | 15.50% | -19.47% | 13.90% | 18.27% | 22.86% | -8.60% | 16.86% |
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 14.20% | 11.28% | 10.46% | 16.64% | -7.09% | 26.85% | 5.90% | 30.13% | -14.90% | 15.10% |
Correlation
The correlation between JLHAX and JVMIX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2006 | 0.90 |
Over the past year, the correlation between JLHAX and JVMIX has dropped to 0.65 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
JLHAX vs. JVMIX — Risk / Return Rank
JLHAX
JVMIX
JLHAX vs. JVMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager 2035 Lifetime Portfolio (JLHAX) 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.
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.
| JLHAX | JVMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.03 | +0.02 |
| Martin ratioReturn relative to average drawdown | 8.49 | 6.54 | +1.95 |
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Drawdowns
JLHAX vs. JVMIX - Drawdown Comparison
The maximum JLHAX drawdown since its inception was -56.42%, smaller than the maximum JVMIX drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for JLHAX and JVMIX.
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Drawdown Indicators
| JLHAX | JVMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.42% | -67.04% | +10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.67% | -8.57% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -21.13% | +8.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -21.13% | -5.86% |
Max Drawdown (10Y)Largest decline over 10 years | -29.14% | -42.64% | +13.50% |
Current DrawdownCurrent decline from peak | -1.93% | -1.60% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -8.63% | -13.30% | +4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.65% | -0.81% |
Volatility
JLHAX vs. JVMIX - Volatility Comparison
The current volatility for John Hancock Funds II Multimanager 2035 Lifetime Portfolio (JLHAX) is 3.10%, while John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) has a volatility of 3.46%. This indicates that JLHAX 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
| JLHAX | JVMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 3.46% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 9.10% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 12.98% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.89% | 18.22% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 20.22% | -6.41% |
JLHAX vs. JVMIX - Expense Ratio Comparison
JLHAX has a 0.42% expense ratio, which is lower than JVMIX's 0.87% expense ratio.
Dividends
JLHAX vs. JVMIX - Dividend Comparison
JLHAX's dividend yield for the trailing twelve months is around 8.15%, which matches JVMIX's 8.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLHAX John Hancock Funds II Multimanager 2035 Lifetime Portfolio | 8.15% | 8.81% | 2.68% | 2.53% | 20.06% | 9.76% | 5.83% | 11.13% | 13.05% | 6.74% | 6.80% | 6.36% |
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 8.09% | 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
JLHAX and JVMIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JVMIX has higher volatility (3.46%) compared to JLHAX (3.10%). In terms of maximum drawdown, JLHAX dropped -56.42% vs JVMIX's -67.04%.
JLHAX currently has the higher Sharpe Ratio (1.46 vs 1.34), 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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