JLKUX vs. FFGZX
JLKUX (John Hancock Funds Multimanager 2055 Lifetime Portfolio) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 10 years, JLKUX returned 10.88%/yr vs 4.28%/yr for FFGZX. A 0.70 correlation means they provide meaningful diversification when combined. JLKUX charges 0.05%/yr vs 0.08%/yr for FFGZX.
Performance
JLKUX vs. FFGZX - Performance Comparison
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Returns By Period
In the year-to-date period, JLKUX achieves a 13.44% return, which is significantly higher than FFGZX's 4.28% return. Over the past 10 years, JLKUX has outperformed FFGZX with an annualized return of 10.88%, while FFGZX has yielded a comparatively lower 4.28% annualized return.
JLKUX
- 1D
- 0.33%
- 1M
- 5.66%
- YTD
- 13.44%
- 6M
- 9.07%
- 1Y
- 22.54%
- 3Y*
- 17.56%
- 5Y*
- 8.03%
- 10Y*
- 10.88%
FFGZX
- 1D
- 0.16%
- 1M
- 1.75%
- YTD
- 4.28%
- 6M
- 4.42%
- 1Y
- 10.55%
- 3Y*
- 7.68%
- 5Y*
- 3.28%
- 10Y*
- 4.28%
JLKUX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLKUX John Hancock Funds Multimanager 2055 Lifetime Portfolio | 13.44% | 12.97% | 15.52% | 18.68% | -19.64% | 15.82% | 20.34% | 24.86% | -8.96% | 18.41% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 4.28% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Correlation
The correlation between JLKUX and FFGZX is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.70 |
The correlation between JLKUX and FFGZX has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
JLKUX vs. FFGZX — Risk / Return Rank
JLKUX
FFGZX
JLKUX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multimanager 2055 Lifetime Portfolio (JLKUX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.
| JLKUX | FFGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.54 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 3.18 | -0.53 |
| Martin ratioReturn relative to average drawdown | 10.34 | 14.23 | -3.89 |
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
| JLKUX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.64 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.65 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.97 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.93 | -0.34 |
Drawdowns
JLKUX vs. FFGZX - Drawdown Comparison
The maximum JLKUX drawdown since its inception was -32.07%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for JLKUX and FFGZX.
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Drawdown Indicators
| JLKUX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.07% | -14.94% | -17.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.86% | -3.33% | -6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | -4.76% | -12.12% |
Max Drawdown (5Y)Largest decline over 5 years | -28.12% | -14.94% | -13.18% |
Max Drawdown (10Y)Largest decline over 10 years | -32.07% | -14.94% | -17.13% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -2.26% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 0.74% | +1.65% |
Volatility
JLKUX vs. FFGZX - Volatility Comparison
John Hancock Funds Multimanager 2055 Lifetime Portfolio (JLKUX) has a higher volatility of 3.86% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.49%. This indicates that JLKUX's price experiences larger fluctuations and is considered to be riskier than FFGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JLKUX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 1.49% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 3.34% | +8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.99% | 4.01% | +9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 5.08% | +11.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 4.43% | +12.08% |
JLKUX vs. FFGZX - Expense Ratio Comparison
JLKUX has a 0.05% expense ratio, which is lower than FFGZX's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JLKUX vs. FFGZX - Dividend Comparison
JLKUX's dividend yield for the trailing twelve months is around 1.65%, less than FFGZX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.21% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
JLKUX John Hancock Funds Multimanager 2055 Lifetime Portfolio | 1.65% | 1.87% | 3.23% | 3.28% | 15.00% | 9.92% | 4.36% | 8.74% | 11.46% | 3.34% | 4.83% | 2.95% |
Frequently Asked Questions
JLKUX and FFGZX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JLKUX has higher volatility (3.86%) compared to FFGZX (1.49%). In terms of maximum drawdown, JLKUX dropped -32.07% vs FFGZX's -14.94%.
FFGZX currently has the higher Sharpe Ratio (2.64 vs 1.87), 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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