JRLLX vs. FIRMX

Last updated Jul 15, 2026

JRLLX (John Hancock Funds Multi-Index 2015 Lifetime Portfolio) and FIRMX (Fidelity Managed Retirement Income Fund) are both Target Retirement Date funds. Their correlation of 0.89 suggests significant overlap in exposure. JRLLX charges 0.17%/yr vs 0.45%/yr for FIRMX.

Performance

JRLLX vs. FIRMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Multi-Index 2015 Lifetime Portfolio (JRLLX) and Fidelity Managed Retirement Income Fund (FIRMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JRLLX

• 1D: -0.43%
• 1M: -0.26%
• 6M: 3.50%
• YTD: 4.72%
• 1Y: 10.39%
• 3Y*: 9.17%
• 5Y*: 4.26%
• 10Y*: 5.82%

FIRMX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JRLLX vs. FIRMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JRLLX John Hancock Funds Multi-Index 2015 Lifetime Portfolio	4.72%	11.58%	6.79%	10.68%	-12.86%	8.33%	9.82%	17.10%	-3.86%	7.77%
FIRMX Fidelity Managed Retirement Income Fund	3.60%	9.95%	4.29%	8.07%	-11.66%	2.77%	8.57%	10.57%	-1.80%	7.08%

Correlation

The correlation between JRLLX and FIRMX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013	0.89

The correlation between JRLLX and FIRMX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

JRLLX vs. FIRMX — Risk / Return Rank

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

JRLLX

JRLLX Risk / Return Rank: 73
JRLLX Sharpe Ratio Rank: 73
JRLLX Sortino Ratio Rank: 74
JRLLX Omega Ratio Rank: 75
JRLLX Calmar Ratio Rank: 68
JRLLX Martin Ratio Rank: 76

FIRMX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

JRLLX vs. FIRMX - 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 Fidelity Managed Retirement Income Fund (FIRMX). 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	FIRMX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.70	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.48	—	—
Martin ratio: Return relative to average drawdown	10.63	—	—

Drawdowns

Drawdown Indicators

	JRLLX	FIRMX	Difference
Max Drawdown Largest peak-to-trough decline	-21.29%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.29%	—	—
Current Drawdown Current decline from peak	-0.77%	—	—
Average Drawdown Average peak-to-trough decline	-2.91%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	—	—

Volatility

Volatility by Period

	JRLLX	FIRMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.55%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.90%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.59%	—	—

JRLLX vs. FIRMX - Expense Ratio Comparison

JRLLX has a 0.17% expense ratio, which is lower than FIRMX's 0.45% expense ratio.

Dividends

JRLLX vs. FIRMX - Dividend Comparison

JRLLX's dividend yield for the trailing twelve months is around 3.72%, more than FIRMX's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRMX Fidelity Managed Retirement Income Fund	3.12%	3.13%	3.02%	2.81%	4.54%	3.56%	2.48%	2.59%	4.65%	8.57%	1.67%	1.68%
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

Can I hold both JRLLX and FIRMX in my portfolio?

With a correlation of 0.91, JRLLX and FIRMX 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.