JLKYX vs. FAELX

Last updated Jun 25, 2026

JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) and FAELX (Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund) are both Target Retirement Date funds. Over the past year, JLKYX returned 23.59% vs 17.29% for FAELX. A 0.76 correlation means they provide meaningful diversification when combined. JLKYX charges 0.01%/yr vs 0.50%/yr for FAELX.

Performance

JLKYX vs. FAELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) and Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JLKYX achieves a 10.33% return, which is significantly higher than FAELX's 7.64% return.

JLKYX

• 1D: -1.90%
• 1M: 0.00%
• YTD: 10.33%
• 6M: 9.35%
• 1Y: 23.59%
• 3Y*: 18.56%
• 5Y*: 9.39%
• 10Y*: 11.70%

FAELX

• 1D: -1.61%
• 1M: 0.62%
• YTD: 7.64%
• 6M: 7.09%
• 1Y: 17.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JLKYX vs. FAELX - Yearly Performance Comparison

	2026 (YTD)	2025
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	10.33%	20.29%
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	7.64%	17.33%

Correlation

The correlation between JLKYX and FAELX is 0.82, 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	0.82
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	0.76

The correlation between JLKYX and FAELX has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

Return for Risk

JLKYX vs. FAELX — Risk / Return Rank

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

JLKYX

JLKYX Risk / Return Rank: 58
JLKYX Sharpe Ratio Rank: 56
JLKYX Sortino Ratio Rank: 52
JLKYX Omega Ratio Rank: 54
JLKYX Calmar Ratio Rank: 60
JLKYX Martin Ratio Rank: 68

FAELX

FAELX Risk / Return Rank: 69
FAELX Sharpe Ratio Rank: 67
FAELX Sortino Ratio Rank: 69
FAELX Omega Ratio Rank: 65
FAELX Calmar Ratio Rank: 69
FAELX Martin Ratio Rank: 75

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.

JLKYX vs. FAELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) and Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX). 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.

	JLKYX	FAELX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	2.01	-0.06
Sortino ratio: Return per unit of downside risk	2.67	2.90	-0.23
Omega ratio: Gain probability vs. loss probability	1.36	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	2.76	2.83	-0.07
Martin ratio: Return relative to average drawdown	11.91	12.09	-0.18

JLKYX vs. FAELX - Sharpe Ratio Comparison

The current JLKYX Sharpe Ratio is 1.96, which is comparable to the FAELX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of JLKYX and FAELX, 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

JLKYX vs. FAELX - Drawdown Comparison

The maximum JLKYX drawdown since its inception was -32.55%, which is greater than FAELX's maximum drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for JLKYX and FAELX.

Drawdown Indicators

	JLKYX	FAELX	Difference
Max Drawdown Largest peak-to-trough decline	-32.55%	-11.54%	-21.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-7.76%	-1.40%
Max Drawdown (3Y) Largest decline over 3 years	-16.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.55%	—	—
Current Drawdown Current decline from peak	-2.31%	-1.88%	-0.43%
Average Drawdown Average peak-to-trough decline	-4.64%	-1.43%	-3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.68%	+0.43%

Volatility

JLKYX vs. FAELX - Volatility Comparison

John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) has a higher volatility of 5.37% compared to Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) at 4.62%. This indicates that JLKYX's price experiences larger fluctuations and is considered to be riskier than FAELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JLKYX	FAELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	4.62%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	9.17%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	10.91%	+2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	13.26%	+2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.21%	13.26%	+2.95%

JLKYX vs. FAELX - Expense Ratio Comparison

JLKYX has a 0.01% expense ratio, which is lower than FAELX's 0.50% expense ratio.

Dividends

JLKYX vs. FAELX - Dividend Comparison

JLKYX's dividend yield for the trailing twelve months is around 3.27%, while FAELX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	3.27%	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

Can I hold both JLKYX and FAELX in my portfolio?

JLKYX and FAELX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JLKYX or FAELX?

JLKYX has higher volatility (5.37%) compared to FAELX (4.62%). In terms of maximum drawdown, JLKYX dropped -32.55% vs FAELX's -11.54%.

Which has better risk-adjusted returns?

FAELX currently has the higher Sharpe Ratio (2.01 vs 1.96), 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.