JRLPX vs. JVMIX

Last updated Jul 3, 2026

JRLPX (John Hancock Funds Multi-Index 2020 Lifetime Portfolio) and JVMIX (John Hancock Funds Disciplined Value Mid Cap Fund Class I) are both mutual funds - JRLPX is a Target Retirement Date fund managed by John Hancock, while JVMIX is a Mid Cap Value Equities fund managed by John Hancock. Over the past 5 years, JRLPX returned 4.36%/yr vs 9.33%/yr for JVMIX. Their correlation of 0.82 suggests significant overlap in exposure. JRLPX charges 0.41%/yr vs 0.87%/yr for JVMIX.

Performance

JRLPX vs. JVMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Multi-Index 2020 Lifetime Portfolio (JRLPX) and John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRLPX achieves a 5.57% return, which is significantly lower than JVMIX's 11.90% return.

JRLPX

• 1D: -0.32%
• 1M: -0.73%
• 6M: 5.57%
• YTD: 5.57%
• 1Y: 11.36%
• 3Y*: 9.95%
• 5Y*: 4.36%
• 10Y*: —

JVMIX

• 1D: 0.75%
• 1M: 4.20%
• 6M: 11.01%
• YTD: 11.90%
• 1Y: 14.86%
• 3Y*: 14.18%
• 5Y*: 9.33%
• 10Y*: 10.93%

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

JRLPX vs. JVMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JRLPX John Hancock Funds Multi-Index 2020 Lifetime Portfolio	5.57%	12.16%	7.00%	10.80%	-14.09%	9.41%	10.63%	18.27%	-4.93%	-4.75%
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I	11.90%	11.28%	10.46%	16.64%	-7.09%	26.85%	5.90%	30.13%	-14.90%	0.17%

Correlation

The correlation between JRLPX and JVMIX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 4, 2017	0.82

The correlation between JRLPX and JVMIX has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

Return for Risk

JRLPX vs. JVMIX — Risk / Return Rank

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

JRLPX

JRLPX Risk / Return Rank: 68
JRLPX Sharpe Ratio Rank: 68
JRLPX Sortino Ratio Rank: 68
JRLPX Omega Ratio Rank: 71
JRLPX Calmar Ratio Rank: 61
JRLPX Martin Ratio Rank: 71

JVMIX

JVMIX Risk / Return Rank: 32
JVMIX Sharpe Ratio Rank: 31
JVMIX Sortino Ratio Rank: 33
JVMIX Omega Ratio Rank: 29
JVMIX Calmar Ratio Rank: 36
JVMIX Martin Ratio Rank: 33

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.

JRLPX vs. JVMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index 2020 Lifetime Portfolio (JRLPX) and John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX). 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.

	JRLPX	JVMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.21	+0.65
Sortino ratio: Return per unit of downside risk	2.65	1.85	+0.80
Omega ratio: Gain probability vs. loss probability	1.36	1.22	+0.14
Calmar ratio: Return relative to maximum drawdown	2.47	1.82	+0.64
Martin ratio: Return relative to average drawdown	10.63	5.85	+4.78

JRLPX vs. JVMIX - Sharpe Ratio Comparison

The current JRLPX Sharpe Ratio is 1.86, which is higher than the JVMIX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of JRLPX and JVMIX, 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

JRLPX vs. JVMIX - Drawdown Comparison

The maximum JRLPX drawdown since its inception was -22.88%, smaller than the maximum JVMIX drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for JRLPX and JVMIX.

Drawdown Indicators

	JRLPX	JVMIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.88%	-67.04%	+44.16%
Max Drawdown (1Y) Largest decline over 1 year	-4.71%	-8.57%	+3.86%
Max Drawdown (3Y) Largest decline over 3 years	-7.75%	-21.13%	+13.38%
Max Drawdown (5Y) Largest decline over 5 years	-20.09%	-21.13%	+1.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.64%	—
Current Drawdown Current decline from peak	-0.73%	0.00%	-0.73%
Average Drawdown Average peak-to-trough decline	-4.43%	-13.33%	+8.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	2.67%	-1.58%

Volatility

JRLPX vs. JVMIX - Volatility Comparison

The current volatility for John Hancock Funds Multi-Index 2020 Lifetime Portfolio (JRLPX) is 2.67%, while John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) has a volatility of 3.36%. This indicates that JRLPX experiences smaller price fluctuations and is considered to be less risky than JVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRLPX	JVMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	3.36%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	5.31%	9.35%	-4.04%
Volatility (1Y) Calculated over the trailing 1-year period	6.23%	12.88%	-6.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.66%	18.34%	-9.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.26%	20.22%	-9.96%

JRLPX vs. JVMIX - Expense Ratio Comparison

JRLPX has a 0.41% expense ratio, which is lower than JVMIX's 0.87% expense ratio.

Dividends

JRLPX vs. JVMIX - Dividend Comparison

JRLPX's dividend yield for the trailing twelve months is around 3.15%, less than JVMIX's 8.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JRLPX John Hancock Funds Multi-Index 2020 Lifetime Portfolio	3.15%	3.32%	3.02%	2.97%	5.06%	6.89%	5.31%	6.47%	8.52%	0.00%	0.00%	0.00%
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I	8.26%	9.24%	12.05%	4.02%	5.27%	6.67%	1.13%	2.40%	13.85%	5.94%	1.91%	5.88%

Frequently Asked Questions

Can I hold both JRLPX and JVMIX in my portfolio?

JRLPX and JVMIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JRLPX or JVMIX?

JVMIX has higher volatility (3.36%) compared to JRLPX (2.67%). In terms of maximum drawdown, JRLPX dropped -22.88% vs JVMIX's -67.04%.

Which has better risk-adjusted returns?

JRLPX currently has the higher Sharpe Ratio (1.86 vs 1.21), 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.