JLKUX vs. FQLSX

Last updated Jun 4, 2026

JLKUX (John Hancock Funds Multimanager 2055 Lifetime Portfolio) and FQLSX (Fidelity Flex Freedom Blend 2055 Fund) are both Target Retirement Date funds. Over the past 5 years, JLKUX returned 8.03%/yr vs 11.34%/yr for FQLSX. With a 0.95 correlation, they move nearly in lockstep. JLKUX charges 0.05%/yr vs 0.00%/yr for FQLSX.

Performance

JLKUX vs. FQLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Multimanager 2055 Lifetime Portfolio (JLKUX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JLKUX having a 13.44% return and FQLSX slightly higher at 14.07%.

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%

FQLSX

• 1D: 0.65%
• 1M: 5.43%
• YTD: 14.07%
• 6M: 15.67%
• 1Y: 31.25%
• 3Y*: 22.00%
• 5Y*: 11.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JLKUX vs. FQLSX - 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%	7.38%
FQLSX Fidelity Flex Freedom Blend 2055 Fund	14.07%	22.80%	18.08%	21.04%	-18.58%	16.89%	18.43%	25.96%	-8.31%	10.12%

Correlation

The correlation between JLKUX and FQLSX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017	0.95

The correlation between JLKUX and FQLSX has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.

Return for Risk

JLKUX vs. FQLSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JLKUX

JLKUX Risk / Return Rank: 44
JLKUX Sharpe Ratio Rank: 41
JLKUX Sortino Ratio Rank: 36
JLKUX Omega Ratio Rank: 43
JLKUX Calmar Ratio Rank: 48
JLKUX Martin Ratio Rank: 50

FQLSX

FQLSX Risk / Return Rank: 74
FQLSX Sharpe Ratio Rank: 76
FQLSX Sortino Ratio Rank: 70
FQLSX Omega Ratio Rank: 70
FQLSX Calmar Ratio Rank: 74
FQLSX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JLKUX vs. FQLSX - 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 Flex Freedom Blend 2055 Fund (FQLSX). 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	FQLSX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.54	-0.67
Sortino ratio: Return per unit of downside risk	2.50	3.50	-1.00
Omega ratio: Gain probability vs. loss probability	1.35	1.47	-0.12
Calmar ratio: Return relative to maximum drawdown	2.65	3.36	-0.70
Martin ratio: Return relative to average drawdown	10.34	14.85	-4.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JLKUX vs. FQLSX - Sharpe Ratio Comparison

The current JLKUX Sharpe Ratio is 1.87, which is comparable to the FQLSX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of JLKUX and FQLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JLKUX	FQLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	2.54	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.75	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.78	-0.18

Drawdowns

JLKUX vs. FQLSX - Drawdown Comparison

The maximum JLKUX drawdown since its inception was -32.07%, roughly equal to the maximum FQLSX drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for JLKUX and FQLSX.

Drawdown Indicators

	JLKUX	FQLSX	Difference
Max Drawdown Largest peak-to-trough decline	-32.07%	-31.26%	-0.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.86%	-9.48%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-16.88%	-15.37%	-1.51%
Max Drawdown (5Y) Largest decline over 5 years	-28.12%	-27.41%	-0.71%
Max Drawdown (10Y) Largest decline over 10 years	-32.07%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.30%	-5.43%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	2.14%	+0.25%

Volatility

JLKUX vs. FQLSX - Volatility Comparison

The current volatility for John Hancock Funds Multimanager 2055 Lifetime Portfolio (JLKUX) is 3.86%, while Fidelity Flex Freedom Blend 2055 Fund (FQLSX) has a volatility of 4.13%. This indicates that JLKUX experiences smaller price fluctuations and is considered to be less risky than FQLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JLKUX	FQLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	4.13%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	11.70%	10.29%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	12.54%	+1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.21%	15.12%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	16.08%	+0.43%

JLKUX vs. FQLSX - Expense Ratio Comparison

JLKUX has a 0.05% expense ratio, which is higher than FQLSX's 0.00% expense ratio. However, 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. FQLSX - Dividend Comparison

JLKUX's dividend yield for the trailing twelve months is around 1.65%, less than FQLSX's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FQLSX Fidelity Flex Freedom Blend 2055 Fund	4.59%	3.32%	7.20%	2.08%	5.79%	8.05%	5.76%	7.02%	8.18%	3.10%	0.00%	0.00%
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

Can I hold both JLKUX and FQLSX in my portfolio?

JLKUX and FQLSX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JLKUX or FQLSX?

FQLSX has higher volatility (4.13%) compared to JLKUX (3.86%). In terms of maximum drawdown, JLKUX dropped -32.07% vs FQLSX's -31.26%.

Which has better risk-adjusted returns?

FQLSX currently has the higher Sharpe Ratio (2.54 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.