JLKUX vs. FVTKX

Last updated Jul 17, 2026

JLKUX (John Hancock Funds Multimanager 2055 Lifetime Portfolio) and FVTKX (Fidelity Freedom 2060 Fund Class K6) are both Target Retirement Date funds. Over the past 5 years, JLKUX returned 7.80%/yr vs 10.82%/yr for FVTKX. With a 0.95 correlation, they move nearly in lockstep. JLKUX charges 0.05%/yr vs 0.50%/yr for FVTKX.

Performance

JLKUX vs. FVTKX - 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 Freedom 2060 Fund Class K6 (FVTKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JLKUX achieves a 12.46% return, which is significantly lower than FVTKX's 13.86% return.

JLKUX

• 1D: 0.27%
• 1M: -0.20%
• 6M: 8.87%
• YTD: 12.46%
• 1Y: 17.01%
• 3Y*: 15.38%
• 5Y*: 7.80%
• 10Y*: 10.58%

FVTKX

• 1D: 0.48%
• 1M: -0.42%
• 6M: 10.28%
• YTD: 13.86%
• 1Y: 26.25%
• 3Y*: 19.37%
• 5Y*: 10.82%
• 10Y*: —

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

JLKUX vs. FVTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JLKUX John Hancock Funds Multimanager 2055 Lifetime Portfolio	12.46%	12.97%	15.52%	18.68%	-19.64%	15.82%	20.34%	24.86%	-8.96%	6.82%
FVTKX Fidelity Freedom 2060 Fund Class K6	13.86%	24.13%	14.37%	20.86%	-18.11%	16.79%	18.59%	25.60%	-8.68%	9.82%

Correlation

The correlation between JLKUX and FVTKX is 0.90, 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	0.90
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 15, 2017	0.95

The correlation between JLKUX and FVTKX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

Return for Risk

JLKUX vs. FVTKX — Risk / Return Rank

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

JLKUX

JLKUX Risk / Return Rank: 33
JLKUX Sharpe Ratio Rank: 29
JLKUX Sortino Ratio Rank: 26
JLKUX Omega Ratio Rank: 31
JLKUX Calmar Ratio Rank: 37
JLKUX Martin Ratio Rank: 41

FVTKX

FVTKX Risk / Return Rank: 74
FVTKX Sharpe Ratio Rank: 72
FVTKX Sortino Ratio Rank: 68
FVTKX Omega Ratio Rank: 71
FVTKX Calmar Ratio Rank: 75
FVTKX Martin Ratio Rank: 83

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. FVTKX - 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 2060 Fund Class K6 (FVTKX). 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.

	JLKUX	FVTKX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.90	-0.62
Sortino ratio: Return per unit of downside risk	1.75	2.60	-0.85
Omega ratio: Gain probability vs. loss probability	1.24	1.35	-0.11
Calmar ratio: Return relative to maximum drawdown	1.96	2.74	-0.78
Martin ratio: Return relative to average drawdown	7.50	11.79	-4.29

JLKUX vs. FVTKX - Sharpe Ratio Comparison

The current JLKUX Sharpe Ratio is 1.28, which is lower than the FVTKX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of JLKUX and FVTKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JLKUX vs. FVTKX - Drawdown Comparison

The maximum JLKUX drawdown since its inception was -32.07%, roughly equal to the maximum FVTKX drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for JLKUX and FVTKX.

Drawdown Indicators

	JLKUX	FVTKX	Difference
Max Drawdown Largest peak-to-trough decline	-32.07%	-30.94%	-1.13%
Max Drawdown (1Y) Largest decline over 1 year	-9.86%	-9.81%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-16.88%	-15.35%	-1.53%
Max Drawdown (5Y) Largest decline over 5 years	-28.12%	-27.12%	-1.00%
Max Drawdown (10Y) Largest decline over 10 years	-32.07%	—	—
Current Drawdown Current decline from peak	-0.86%	-1.04%	+0.18%
Average Drawdown Average peak-to-trough decline	-5.26%	-5.41%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	2.27%	+0.19%

Volatility

JLKUX vs. FVTKX - Volatility Comparison

John Hancock Funds Multimanager 2055 Lifetime Portfolio (JLKUX) and Fidelity Freedom 2060 Fund Class K6 (FVTKX) have volatilities of 4.48% and 4.71%, 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.

Volatility by Period

	JLKUX	FVTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.71%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	11.77%	12.22%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	15.15%	14.18%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.41%	15.28%	+1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	15.95%	+0.55%

JLKUX vs. FVTKX - Expense Ratio Comparison

JLKUX has a 0.05% expense ratio, which is lower than FVTKX's 0.50% expense ratio.

Dividends

JLKUX vs. FVTKX - Dividend Comparison

JLKUX's dividend yield for the trailing twelve months is around 1.67%, less than FVTKX's 5.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FVTKX Fidelity Freedom 2060 Fund Class K6	5.04%	3.87%	2.52%	2.26%	10.84%	10.41%	4.04%	6.19%	6.19%	2.46%	0.00%	0.00%
JLKUX John Hancock Funds Multimanager 2055 Lifetime Portfolio	1.67%	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 FVTKX in my portfolio?

With a correlation of 0.90, JLKUX and FVTKX 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.

Which is riskier, JLKUX or FVTKX?

FVTKX has higher volatility (4.71%) compared to JLKUX (4.48%). In terms of maximum drawdown, JLKUX dropped -32.07% vs FVTKX's -30.94%.

Which has better risk-adjusted returns?

FVTKX currently has the higher Sharpe Ratio (1.90 vs 1.28), 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.