JRLLX vs. DRIQX
JRLLX (John Hancock Funds Multi-Index 2015 Lifetime Portfolio) and DRIQX (Dimensional 2015 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, JRLLX returned 5.83%/yr vs 4.56%/yr for DRIQX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.17% expense ratio.
Performance
JRLLX vs. DRIQX - Performance Comparison
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Returns By Period
In the year-to-date period, JRLLX achieves a 4.81% return, which is significantly higher than DRIQX's 3.10% return. Over the past 10 years, JRLLX has outperformed DRIQX with an annualized return of 5.83%, while DRIQX has yielded a comparatively lower 4.56% annualized return.
JRLLX
- 1D
- -0.09%
- 1M
- -0.26%
- 6M
- 3.03%
- YTD
- 4.81%
- 1Y
- 10.18%
- 3Y*
- 9.13%
- 5Y*
- 4.23%
- 10Y*
- 5.83%
- ALL TIME*
- 5.62%
DRIQX
- 1D
- 0.09%
- 1M
- -0.35%
- 6M
- 2.02%
- YTD
- 3.10%
- 1Y
- 6.70%
- 3Y*
- 6.70%
- 5Y*
- 1.88%
- 10Y*
- 4.56%
- ALL TIME*
- 5.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JRLLX vs. DRIQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JRLLX John Hancock Funds Multi-Index 2015 Lifetime Portfolio | 4.81% | 11.58% | 6.79% | 10.68% | -12.86% | 8.33% | 9.82% | 17.10% | -3.86% | 7.77% |
DRIQX Dimensional 2015 Target Date Retirement Income Fund | 3.10% | 8.83% | 5.47% | 8.17% | -14.79% | 7.79% | 14.31% | 14.08% | -4.20% | 7.82% |
Correlation
The correlation between JRLLX and DRIQX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.75 |
The correlation between JRLLX and DRIQX shifts across timeframes, from 0.75 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JRLLX vs. DRIQX — Risk / Return Rank
JRLLX
DRIQX
JRLLX vs. DRIQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index 2015 Lifetime Portfolio (JRLLX) and Dimensional 2015 Target Date Retirement Income Fund (DRIQX). 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.
| JRLLX | DRIQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.00 | +0.45 |
| Martin ratioReturn relative to average drawdown | 10.36 | 7.86 | +2.50 |
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Drawdowns
JRLLX vs. DRIQX - Drawdown Comparison
The maximum JRLLX drawdown since its inception was -21.29%, which is greater than DRIQX's maximum drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for JRLLX and DRIQX.
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Drawdown Indicators
| JRLLX | DRIQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.29% | -19.86% | -1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.21% | -3.47% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | -5.12% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -19.86% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -21.29% | -19.86% | -1.43% |
Current DrawdownCurrent decline from peak | -0.69% | -1.22% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -3.84% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.88% | +0.11% |
Volatility
JRLLX vs. DRIQX - Volatility Comparison
John Hancock Funds Multi-Index 2015 Lifetime Portfolio (JRLLX) has a higher volatility of 1.47% compared to Dimensional 2015 Target Date Retirement Income Fund (DRIQX) at 1.08%. This indicates that JRLLX's price experiences larger fluctuations and is considered to be riskier than DRIQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRLLX | DRIQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.08% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 3.60% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.58% | 4.51% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.90% | 7.06% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.59% | 6.58% | +2.01% |
JRLLX vs. DRIQX - Expense Ratio Comparison
Both JRLLX and DRIQX have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JRLLX vs. DRIQX - Dividend Comparison
JRLLX's dividend yield for the trailing twelve months is around 3.72%, less than DRIQX's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIQX Dimensional 2015 Target Date Retirement Income Fund | 6.35% | 4.95% | 4.53% | 4.28% | 6.51% | 4.54% | 3.76% | 2.05% | 2.23% | 1.66% | 1.37% | 0.00% |
JRLLX John Hancock Funds Multi-Index 2015 Lifetime Portfolio | 3.72% | 3.90% | 3.46% | 3.22% | 5.01% | 6.68% | 6.00% | 6.84% | 7.78% | 3.20% | 3.78% | 2.17% |
Frequently Asked Questions
With a correlation of 0.90, JRLLX and DRIQX 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.
JRLLX has higher volatility (1.47%) compared to DRIQX (1.08%). In terms of maximum drawdown, JRLLX dropped -21.29% vs DRIQX's -19.86%.
JRLLX currently has the higher Sharpe Ratio (1.85 vs 1.54), 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.
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