JLJAX vs. JVLIX
JLJAX (John Hancock Funds II Multimanager 2045 Lifetime Portfolio) and JVLIX (John Hancock Funds Disciplined Value Fund) are both mutual funds - JLJAX is a Target Retirement Date fund managed by John Hancock, while JVLIX is a Large Cap Value Equities fund managed by John Hancock. Over the past 10 years, JLJAX returned 10.82%/yr vs 12.71%/yr for JVLIX. Their correlation of 0.92 suggests significant overlap in exposure. JLJAX charges 0.42%/yr vs 0.76%/yr for JVLIX.
Performance
JLJAX vs. JVLIX - Performance Comparison
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Returns By Period
In the year-to-date period, JLJAX achieves a 12.50% return, which is significantly lower than JVLIX's 16.63% return. Over the past 10 years, JLJAX has underperformed JVLIX with an annualized return of 10.82%, while JVLIX has yielded a comparatively higher 12.71% annualized return.
JLJAX
- 1D
- 0.40%
- 1M
- 5.26%
- YTD
- 12.50%
- 6M
- 13.33%
- 1Y
- 26.69%
- 3Y*
- 18.28%
- 5Y*
- 8.22%
- 10Y*
- 10.82%
JVLIX
- 1D
- 1.02%
- 1M
- 6.70%
- YTD
- 16.63%
- 6M
- 17.45%
- 1Y
- 33.27%
- 3Y*
- 21.71%
- 5Y*
- 12.57%
- 10Y*
- 12.71%
JLJAX vs. JVLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLJAX John Hancock Funds II Multimanager 2045 Lifetime Portfolio | 12.50% | 17.82% | 14.21% | 17.83% | -19.96% | 15.45% | 19.87% | 24.36% | -9.27% | 18.23% |
JVLIX John Hancock Funds Disciplined Value Fund | 16.63% | 17.48% | 15.59% | 13.91% | -4.45% | 29.92% | 1.59% | 22.70% | -9.75% | 17.97% |
Correlation
The correlation between JLJAX and JVLIX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2006 | 0.92 |
The correlation between JLJAX and JVLIX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
JLJAX vs. JVLIX — Risk / Return Rank
JLJAX
JVLIX
JLJAX vs. JVLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager 2045 Lifetime Portfolio (JLJAX) and John Hancock Funds Disciplined Value Fund (JVLIX). 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.
| JLJAX | JVLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.50 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 4.31 | -1.36 |
| Martin ratioReturn relative to average drawdown | 13.06 | 18.35 | -5.29 |
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
| JLJAX | JVLIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.79 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.73 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.67 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.37 | +0.05 |
Drawdowns
JLJAX vs. JVLIX - Drawdown Comparison
The maximum JLJAX drawdown since its inception was -56.52%, roughly equal to the maximum JVLIX drawdown of -59.12%. Use the drawdown chart below to compare losses from any high point for JLJAX and JVLIX.
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Drawdown Indicators
| JLJAX | JVLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.52% | -59.12% | +2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -7.95% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.84% | -20.48% | +4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -28.20% | -20.48% | -7.72% |
Max Drawdown (10Y)Largest decline over 10 years | -32.04% | -40.33% | +8.29% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -10.52% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.86% | +0.22% |
Volatility
JLJAX vs. JVLIX - Volatility Comparison
John Hancock Funds II Multimanager 2045 Lifetime Portfolio (JLJAX) and John Hancock Funds Disciplined Value Fund (JVLIX) have volatilities of 3.70% and 3.87%, 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
| JLJAX | JVLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 3.87% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 9.69% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 12.27% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 17.32% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 18.90% | -2.87% |
JLJAX vs. JVLIX - Expense Ratio Comparison
JLJAX has a 0.42% expense ratio, which is lower than JVLIX's 0.76% expense ratio.
Dividends
JLJAX vs. JVLIX - Dividend Comparison
JLJAX's dividend yield for the trailing twelve months is around 8.22%, more than JVLIX's 5.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLJAX John Hancock Funds II Multimanager 2045 Lifetime Portfolio | 8.22% | 9.25% | 3.13% | 3.11% | 23.82% | 8.89% | 5.40% | 11.84% | 14.16% | 6.67% | 6.98% | 6.32% |
JVLIX John Hancock Funds Disciplined Value Fund | 5.69% | 6.64% | 13.97% | 7.22% | 7.16% | 14.63% | 1.57% | 5.87% | 10.59% | 4.60% | 1.22% | 3.44% |
Frequently Asked Questions
JLJAX and JVLIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JVLIX has higher volatility (3.87%) compared to JLJAX (3.70%). In terms of maximum drawdown, JLJAX dropped -56.52% vs JVLIX's -59.12%.
JVLIX currently has the higher Sharpe Ratio (2.79 vs 2.26), 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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