JLIAX vs. GBTC
JLIAX (John Hancock Funds II Multimanager 2040 Lifetime Portfolio) and GBTC (Grayscale Bitcoin Trust ETF) are both funds - JLIAX is a Target Retirement Date fund managed by John Hancock, while GBTC is a Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. Over the past 10 years, JLIAX returned 9.75%/yr vs 50.99%/yr for GBTC. Their 0.26 correlation means their historical movements had little consistent relationship. JLIAX charges 0.42%/yr vs 1.50%/yr for GBTC.
Performance
JLIAX vs. GBTC - Performance Comparison
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Returns By Period
In the year-to-date period, JLIAX achieves a 9.00% return, which is significantly higher than GBTC's -28.72% return. Over the past 10 years, JLIAX has underperformed GBTC with an annualized return of 9.75%, while GBTC has yielded a comparatively higher 50.99% annualized return.
JLIAX
- 1D
- 1.66%
- 1M
- -0.97%
- 6M
- 5.80%
- YTD
- 9.00%
- 1Y
- 18.74%
- 3Y*
- 13.98%
- 5Y*
- 6.70%
- 10Y*
- 9.75%
- ALL TIME*
- 7.10%
GBTC
- 1D
- -2.85%
- 1M
- 2.29%
- 6M
- -25.46%
- YTD
- -28.72%
- 1Y
- -45.18%
- 3Y*
- 36.79%
- 5Y*
- 7.01%
- 10Y*
- 50.99%
- ALL TIME*
- 54.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.53M | $74.63M | $101.29M | |
| $0.00 | $0.00 | $0.00 |
JLIAX vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLIAX John Hancock Funds II Multimanager 2040 Lifetime Portfolio | 9.00% | 17.06% | 12.87% | 16.80% | -19.86% | 14.83% | 19.46% | 23.96% | -9.08% | 18.19% |
GBTC Grayscale Bitcoin Trust ETF | -28.72% | -7.65% | 113.81% | 317.61% | -75.80% | 7.03% | 290.72% | 106.56% | -82.10% | 1,787.72% |
Correlation
The correlation between JLIAX and GBTC is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 4, 2015 | 0.26 |
Over the past year, JLIAX and GBTC have become more correlated (0.50) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
JLIAX vs. GBTC — Risk / Return Rank
JLIAX
GBTC
JLIAX vs. GBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager 2040 Lifetime Portfolio (JLIAX) and Grayscale Bitcoin Trust ETF (GBTC). 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.
| JLIAX | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.48 | ||
| Sortino ratioReturn per unit of downside risk | +3.62 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.82 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | -0.88 | +2.90 |
| Martin ratioReturn relative to average drawdown | 8.42 | -1.34 | +9.76 |
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Drawdowns
JLIAX vs. GBTC - Drawdown Comparison
The maximum JLIAX drawdown since its inception was -56.47%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for JLIAX and GBTC.
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Drawdown Indicators
| JLIAX | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.47% | -89.91% | +33.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -53.75% | +45.21% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -53.75% | +39.33% |
Max Drawdown (5Y)Largest decline over 5 years | -27.78% | -85.42% | +57.64% |
Max Drawdown (10Y)Largest decline over 10 years | -31.05% | -89.91% | +58.86% |
Current DrawdownCurrent decline from peak | -2.08% | -50.49% | +48.41% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -43.51% | +34.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 34.92% | -32.87% |
Volatility
JLIAX vs. GBTC - Volatility Comparison
The current volatility for John Hancock Funds II Multimanager 2040 Lifetime Portfolio (JLIAX) is 3.49%, while Grayscale Bitcoin Trust ETF (GBTC) has a volatility of 9.06%. This indicates that JLIAX experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JLIAX | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 9.06% | -5.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 33.68% | -23.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 44.36% | -32.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 60.60% | -46.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 81.27% | -66.15% |
JLIAX vs. GBTC - Expense Ratio Comparison
JLIAX has a 0.42% expense ratio, which is lower than GBTC's 1.50% expense ratio.
Dividends
JLIAX vs. GBTC - Dividend Comparison
JLIAX's dividend yield for the trailing twelve months is around 8.42%, while GBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.61% | 0.00% | 0.00% |
JLIAX John Hancock Funds II Multimanager 2040 Lifetime Portfolio | 8.42% | 9.18% | 2.86% | 2.82% | 22.31% | 9.18% | 5.58% | 11.19% | 13.74% | 6.10% | 6.95% | 6.25% |
Frequently Asked Questions
JLIAX and GBTC 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.
GBTC has higher volatility (9.06%) compared to JLIAX (3.49%). In terms of maximum drawdown, JLIAX dropped -56.47% vs GBTC's -89.91%.
JLIAX currently has the higher Sharpe Ratio (1.42 vs -1.06), 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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