JLIAX vs. JLKYX
JLIAX (John Hancock Funds II Multimanager 2040 Lifetime Portfolio) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds from John Hancock. Over the past 10 years, JLIAX returned 10.23%/yr vs 11.54%/yr for JLKYX. With a 0.99 correlation, they move nearly in lockstep. JLIAX charges 0.42%/yr vs 0.01%/yr for JLKYX.
Performance
JLIAX vs. JLKYX - Performance Comparison
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Returns By Period
In the year-to-date period, JLIAX achieves a 10.70% return, which is significantly lower than JLKYX's 12.11% return. Over the past 10 years, JLIAX has underperformed JLKYX with an annualized return of 10.23%, while JLKYX has yielded a comparatively higher 11.54% annualized return.
JLIAX
- 1D
- -0.56%
- 1M
- 3.24%
- YTD
- 10.70%
- 6M
- 11.28%
- 1Y
- 23.66%
- 3Y*
- 16.73%
- 5Y*
- 7.19%
- 10Y*
- 10.23%
JLKYX
- 1D
- -0.74%
- 1M
- 3.73%
- YTD
- 12.11%
- 6M
- 12.71%
- 1Y
- 27.89%
- 3Y*
- 19.50%
- 5Y*
- 9.78%
- 10Y*
- 11.54%
JLIAX vs. JLKYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLIAX John Hancock Funds II Multimanager 2040 Lifetime Portfolio | 10.70% | 17.06% | 12.87% | 16.80% | -19.86% | 14.83% | 19.46% | 23.96% | -9.08% | 18.19% |
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio | 12.11% | 20.04% | 15.41% | 18.53% | -18.04% | 18.38% | 16.13% | 25.07% | -8.32% | 17.29% |
Correlation
The correlation between JLIAX and JLKYX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2014 | 0.99 |
The correlation between JLIAX and JLKYX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
JLIAX vs. JLKYX — Risk / Return Rank
JLIAX
JLKYX
JLIAX vs. JLKYX - 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 John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX). 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.
| JLIAX | JLKYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 3.09 | -0.25 |
| Martin ratioReturn relative to average drawdown | 12.52 | 13.69 | -1.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JLIAX | JLKYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.34 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.65 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.71 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.65 | -0.24 |
Drawdowns
JLIAX vs. JLKYX - Drawdown Comparison
The maximum JLIAX drawdown since its inception was -56.47%, which is greater than JLKYX's maximum drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for JLIAX and JLKYX.
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Drawdown Indicators
| JLIAX | JLKYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.47% | -32.55% | -23.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -9.16% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -16.11% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -27.78% | -25.75% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -31.05% | -32.55% | +1.50% |
Current DrawdownCurrent decline from peak | -0.56% | -0.74% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -4.66% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.06% | -0.13% |
Volatility
JLIAX vs. JLKYX - Volatility Comparison
John Hancock Funds II Multimanager 2040 Lifetime Portfolio (JLIAX) and John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) have volatilities of 3.52% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JLIAX | JLKYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 3.63% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 9.61% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 12.08% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 15.22% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 16.20% | -1.05% |
JLIAX vs. JLKYX - Expense Ratio Comparison
JLIAX has a 0.42% expense ratio, which is higher than JLKYX's 0.01% expense ratio.
Dividends
JLIAX vs. JLKYX - Dividend Comparison
JLIAX's dividend yield for the trailing twelve months is around 8.29%, more than JLKYX's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLIAX John Hancock Funds II Multimanager 2040 Lifetime Portfolio | 8.29% | 9.18% | 2.86% | 2.82% | 22.31% | 9.18% | 5.58% | 11.19% | 13.74% | 6.10% | 6.95% | 6.25% |
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio | 3.22% | 3.61% | 1.77% | 2.16% | 8.08% | 5.71% | 3.88% | 8.54% | 10.69% | 4.33% | 3.23% | 1.75% |
Frequently Asked Questions
With a correlation of 0.99, JLIAX and JLKYX 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.
JLKYX has higher volatility (3.63%) compared to JLIAX (3.52%). In terms of maximum drawdown, JLIAX dropped -56.47% vs JLKYX's -32.55%.
JLKYX currently has the higher Sharpe Ratio (2.34 vs 2.21), 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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