JLKYX vs. FRBVX

Last updated Jun 25, 2026

JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) and FRBVX (Fidelity Freedom Index 2070 Fund Investor Class) are both Target Retirement Date funds. Over the past year, JLKYX returned 23.59% vs 23.02% for FRBVX. With a 0.99 correlation, they move nearly in lockstep. JLKYX charges 0.01%/yr vs 0.12%/yr for FRBVX.

Performance

JLKYX vs. FRBVX - 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 Fidelity Freedom Index 2070 Fund Investor Class (FRBVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JLKYX having a 10.33% return and FRBVX slightly lower at 9.89%.

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%

FRBVX

• 1D: -1.81%
• 1M: -0.07%
• YTD: 9.89%
• 6M: 9.01%
• 1Y: 23.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JLKYX vs. FRBVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	10.33%	20.04%	4.19%
FRBVX Fidelity Freedom Index 2070 Fund Investor Class	9.89%	21.43%	1.95%

Correlation

The correlation between JLKYX and FRBVX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	0.99

The correlation between JLKYX and FRBVX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

JLKYX vs. FRBVX — 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

FRBVX

FRBVX Risk / Return Rank: 57
FRBVX Sharpe Ratio Rank: 55
FRBVX Sortino Ratio Rank: 52
FRBVX Omega Ratio Rank: 54
FRBVX Calmar Ratio Rank: 58
FRBVX Martin Ratio Rank: 66

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. FRBVX - 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 Fidelity Freedom Index 2070 Fund Investor Class (FRBVX). 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	FRBVX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.95	+0.01
Sortino ratio: Return per unit of downside risk	2.67	2.67	0.00
Omega ratio: Gain probability vs. loss probability	1.36	1.36	0.00
Calmar ratio: Return relative to maximum drawdown	2.76	2.71	+0.05
Martin ratio: Return relative to average drawdown	11.91	11.68	+0.23

JLKYX vs. FRBVX - Sharpe Ratio Comparison

The current JLKYX Sharpe Ratio is 1.96, which is comparable to the FRBVX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of JLKYX and FRBVX, 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. FRBVX - Drawdown Comparison

The maximum JLKYX drawdown since its inception was -32.55%, which is greater than FRBVX's maximum drawdown of -14.69%. Use the drawdown chart below to compare losses from any high point for JLKYX and FRBVX.

Drawdown Indicators

	JLKYX	FRBVX	Difference
Max Drawdown Largest peak-to-trough decline	-32.55%	-14.69%	-17.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-9.08%	-0.08%
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%	-2.45%	+0.14%
Average Drawdown Average peak-to-trough decline	-4.64%	-1.70%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.10%	+0.01%

Volatility

JLKYX vs. FRBVX - Volatility Comparison

John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) and Fidelity Freedom Index 2070 Fund Investor Class (FRBVX) have volatilities of 5.37% and 5.46%, 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

	JLKYX	FRBVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	5.46%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	10.61%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	12.62%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	14.48%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.21%	14.48%	+1.73%

JLKYX vs. FRBVX - Expense Ratio Comparison

JLKYX has a 0.01% expense ratio, which is lower than FRBVX's 0.12% 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

JLKYX vs. FRBVX - Dividend Comparison

JLKYX's dividend yield for the trailing twelve months is around 3.27%, more than FRBVX's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRBVX Fidelity Freedom Index 2070 Fund Investor Class	1.47%	1.65%	1.37%	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 FRBVX in my portfolio?

With a correlation of 0.99, JLKYX and FRBVX 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, JLKYX or FRBVX?

FRBVX has higher volatility (5.46%) compared to JLKYX (5.37%). In terms of maximum drawdown, JLKYX dropped -32.55% vs FRBVX's -14.69%.

Which has better risk-adjusted returns?

JLKYX currently has the higher Sharpe Ratio (1.96 vs 1.95), 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.