JRLVX vs. JHNBX
JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) and JHNBX (John Hancock Bond Fund) are both mutual funds - JRLVX is a Target Retirement Date fund managed by John Hancock, while JHNBX is a Intermediate Core-Plus Bond fund managed by John Hancock. Over the past 10 years, JRLVX returned 11.66%/yr vs 2.18%/yr for JHNBX. At a 0.08 correlation, their price movements are largely independent. JRLVX charges 0.01%/yr vs 0.76%/yr for JHNBX.
Performance
JRLVX vs. JHNBX - Performance Comparison
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Returns By Period
In the year-to-date period, JRLVX achieves a 11.84% return, which is significantly higher than JHNBX's 0.17% return. Over the past 10 years, JRLVX has outperformed JHNBX with an annualized return of 11.66%, while JHNBX has yielded a comparatively lower 2.18% annualized return.
JRLVX
- 1D
- -0.05%
- 1M
- 1.78%
- YTD
- 11.84%
- 6M
- 11.18%
- 1Y
- 26.10%
- 3Y*
- 18.43%
- 5Y*
- 9.42%
- 10Y*
- 11.66%
JHNBX
- 1D
- -0.30%
- 1M
- 0.72%
- YTD
- 0.17%
- 6M
- 0.68%
- 1Y
- 4.77%
- 3Y*
- 4.41%
- 5Y*
- -0.09%
- 10Y*
- 2.18%
JRLVX vs. JHNBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 11.84% | 19.25% | 14.50% | 18.00% | -18.06% | 18.45% | 16.23% | 25.03% | -8.29% | 17.40% |
JHNBX John Hancock Bond Fund | 0.17% | 7.53% | 1.97% | 6.24% | -15.22% | -0.68% | 10.31% | 10.09% | -1.15% | 4.94% |
Correlation
The correlation between JRLVX and JHNBX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.08 |
Over the past year, JRLVX and JHNBX have become more correlated (0.43) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
JRLVX vs. JHNBX — Risk / Return Rank
JRLVX
JHNBX
JRLVX vs. JHNBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) and John Hancock Bond Fund (JHNBX). 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.
| JRLVX | JHNBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.22 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 1.55 | +1.65 |
| Martin ratioReturn relative to average drawdown | 13.84 | 4.47 | +9.37 |
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Drawdowns
JRLVX vs. JHNBX - Drawdown Comparison
The maximum JRLVX drawdown since its inception was -32.53%, which is greater than JHNBX's maximum drawdown of -24.74%. Use the drawdown chart below to compare losses from any high point for JRLVX and JHNBX.
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Drawdown Indicators
| JRLVX | JHNBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -24.74% | -7.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -3.25% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.27% | -6.69% | -8.58% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -20.13% | -5.51% |
Max Drawdown (10Y)Largest decline over 10 years | -32.53% | -20.13% | -12.40% |
Current DrawdownCurrent decline from peak | -0.43% | -2.21% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -4.14% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.12% | +0.84% |
Volatility
JRLVX vs. JHNBX - Volatility Comparison
John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) has a higher volatility of 4.71% compared to John Hancock Bond Fund (JHNBX) at 1.23%. This indicates that JRLVX's price experiences larger fluctuations and is considered to be riskier than JHNBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRLVX | JHNBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 1.23% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 3.03% | +6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.98% | 3.97% | +8.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 5.88% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 4.93% | +11.10% |
JRLVX vs. JHNBX - Expense Ratio Comparison
JRLVX has a 0.01% expense ratio, which is lower than JHNBX's 0.76% expense ratio.
Dividends
JRLVX vs. JHNBX - Dividend Comparison
JRLVX's dividend yield for the trailing twelve months is around 3.18%, less than JHNBX's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHNBX John Hancock Bond Fund | 4.48% | 4.41% | 4.14% | 3.80% | 2.93% | 3.30% | 5.50% | 3.75% | 3.51% | 3.23% | 3.19% | 3.48% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 3.18% | 3.55% | 1.89% | 2.24% | 8.03% | 6.00% | 4.26% | 8.99% | 10.96% | 4.29% | 3.40% | 1.90% |
Frequently Asked Questions
JRLVX and JHNBX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JRLVX has higher volatility (4.71%) compared to JHNBX (1.23%). In terms of maximum drawdown, JRLVX dropped -32.53% vs JHNBX's -24.74%.
JRLVX currently has the higher Sharpe Ratio (2.27 vs 1.27), 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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