JLMRX vs. VTMFX

Last updated Aug 1, 2026

JLMRX (John Hancock Funds Multi-Index Lifestyle Moderate Portfolio) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 10 years, JLMRX returned 5.71%/yr vs 8.27%/yr for VTMFX. Their correlation of 0.90 means they have usually moved in the same direction. JLMRX charges 0.45%/yr vs 0.05%/yr for VTMFX.

Performance

JLMRX vs. VTMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Multi-Index Lifestyle Moderate Portfolio (JLMRX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JLMRX achieves a 5.23% return, which is significantly higher than VTMFX's 4.40% return. Over the past 10 years, JLMRX has underperformed VTMFX with an annualized return of 5.71%, while VTMFX has yielded a comparatively higher 8.27% annualized return.

JLMRX

• 1D: 0.74%
• 1M: -0.33%
• 6M: 3.55%
• YTD: 5.23%
• 1Y: 11.05%
• 3Y*: 9.35%
• 5Y*: 4.31%
• 10Y*: 5.71%
• ALL TIME*: 5.47%

VTMFX

• 1D: 0.71%
• 1M: -1.15%
• 6M: 3.25%
• YTD: 4.40%
• 1Y: 11.79%
• 3Y*: 10.68%
• 5Y*: 6.40%
• 10Y*: 8.27%
• ALL TIME*: 7.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JLMRX John Hancock Funds Multi-Index Lifestyle Moderate Portfolio	$0.00	$0.00	$0.00
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	$0.00	$0.00	$0.00

JLMRX vs. VTMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JLMRX John Hancock Funds Multi-Index Lifestyle Moderate Portfolio	5.23%	11.91%	7.45%	11.20%	-13.79%	7.42%	10.21%	16.25%	-3.93%	8.36%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	4.40%	11.28%	12.17%	15.55%	-12.69%	13.10%	13.31%	18.01%	-1.40%	12.61%

Correlation

The correlation between JLMRX and VTMFX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.90

The correlation between JLMRX and VTMFX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

JLMRX vs. VTMFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JLMRX

JLMRX Risk / Return Rank: 68
JLMRX Sharpe Ratio Rank: 68
JLMRX Sortino Ratio Rank: 68
JLMRX Omega Ratio Rank: 68
JLMRX Calmar Ratio Rank: 62
JLMRX Martin Ratio Rank: 74

VTMFX

VTMFX Risk / Return Rank: 72
VTMFX Sharpe Ratio Rank: 74
VTMFX Sortino Ratio Rank: 71
VTMFX Omega Ratio Rank: 72
VTMFX Calmar Ratio Rank: 64
VTMFX Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JLMRX vs. VTMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index Lifestyle Moderate Portfolio (JLMRX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.

	JLMRX	VTMFX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.66	+0.01
Sortino ratio: Return per unit of downside risk	2.39	2.34	+0.06
Omega ratio: Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.22	2.06	+0.16
Martin ratio: Return relative to average drawdown	9.47	9.19	+0.27

JLMRX vs. VTMFX - Sharpe Ratio Comparison

The current JLMRX Sharpe Ratio is 1.67, which is comparable to the VTMFX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of JLMRX and VTMFX, 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

JLMRX vs. VTMFX - Drawdown Comparison

The maximum JLMRX drawdown since its inception was -20.60%, smaller than the maximum VTMFX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for JLMRX and VTMFX.

Drawdown Indicators

	JLMRX	VTMFX	Difference
Max Drawdown Largest peak-to-trough decline	-20.60%	-28.49%	+7.89%
Max Drawdown (1Y) Largest decline over 1 year	-4.79%	-5.38%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-6.98%	-10.61%	+3.63%
Max Drawdown (5Y) Largest decline over 5 years	-19.46%	-17.40%	-2.06%
Max Drawdown (10Y) Largest decline over 10 years	-20.60%	-21.87%	+1.27%
Current Drawdown Current decline from peak	-0.81%	-1.54%	+0.73%
Average Drawdown Average peak-to-trough decline	-2.99%	-3.54%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	1.20%	-0.08%

Volatility

JLMRX vs. VTMFX - Volatility Comparison

John Hancock Funds Multi-Index Lifestyle Moderate Portfolio (JLMRX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) have volatilities of 1.77% and 1.85%, 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

	JLMRX	VTMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	1.85%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	5.35%	5.35%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	6.36%	6.67%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.32%	8.59%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.53%	9.14%	-0.61%

JLMRX vs. VTMFX - Expense Ratio Comparison

JLMRX has a 0.45% expense ratio, which is higher than VTMFX's 0.05% expense ratio.

Dividends

JLMRX vs. VTMFX - Dividend Comparison

JLMRX's dividend yield for the trailing twelve months is around 3.01%, more than VTMFX's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JLMRX John Hancock Funds Multi-Index Lifestyle Moderate Portfolio	3.01%	3.13%	3.06%	3.05%	6.73%	5.05%	4.11%	5.53%	6.16%	2.18%	2.98%	2.41%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	2.22%	2.14%	2.08%	1.94%	1.85%	1.38%	1.72%	2.05%	2.22%	2.00%	2.13%	2.06%

Frequently Asked Questions

Can I hold both JLMRX and VTMFX in my portfolio?

With a correlation of 0.92, JLMRX and VTMFX 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, JLMRX or VTMFX?

VTMFX has higher volatility (1.85%) compared to JLMRX (1.77%). In terms of maximum drawdown, JLMRX dropped -20.60% vs VTMFX's -28.49%.

Which has better risk-adjusted returns?

JLMRX currently has the higher Sharpe Ratio (1.67 vs 1.66), 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.