JRLVX vs. PRBMX
JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) and PRBMX (PIMCO RealPath Blend 2060 Fund) are both Target Retirement Date funds. Over the past 5 years, JRLVX returned 9.42%/yr vs 10.53%/yr for PRBMX. With a 0.98 correlation, they move nearly in lockstep. JRLVX charges 0.01%/yr vs 0.06%/yr for PRBMX.
Performance
JRLVX vs. PRBMX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JRLVX having a 11.84% return and PRBMX slightly higher at 11.98%.
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%
PRBMX
- 1D
- -0.06%
- 1M
- 1.37%
- YTD
- 11.98%
- 6M
- 11.34%
- 1Y
- 26.89%
- 3Y*
- 19.18%
- 5Y*
- 10.53%
- 10Y*
- —
JRLVX vs. PRBMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 11.84% | 19.25% | 14.50% | 18.00% | -18.06% | 18.45% | 16.23% | 0.26% |
PRBMX PIMCO RealPath Blend 2060 Fund | 11.98% | 20.74% | 14.85% | 20.06% | -16.80% | 18.66% | 13.41% | 0.00% |
Correlation
The correlation between JRLVX and PRBMX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019 | 0.98 |
The correlation between JRLVX and PRBMX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
JRLVX vs. PRBMX — Risk / Return Rank
JRLVX
PRBMX
JRLVX vs. PRBMX - 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 PIMCO RealPath Blend 2060 Fund (PRBMX). 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 | PRBMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.15 | +0.05 |
| Martin ratioReturn relative to average drawdown | 13.84 | 13.79 | +0.05 |
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Drawdowns
JRLVX vs. PRBMX - Drawdown Comparison
The maximum JRLVX drawdown since its inception was -32.53%, roughly equal to the maximum PRBMX drawdown of -32.13%. Use the drawdown chart below to compare losses from any high point for JRLVX and PRBMX.
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Drawdown Indicators
| JRLVX | PRBMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -32.13% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -8.95% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -15.27% | -15.32% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -25.27% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -32.53% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.71% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -5.36% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.03% | -0.07% |
Volatility
JRLVX vs. PRBMX - Volatility Comparison
John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) and PIMCO RealPath Blend 2060 Fund (PRBMX) have volatilities of 4.71% and 4.69%, 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.
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Volatility by Period
| JRLVX | PRBMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.69% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 9.92% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.98% | 12.10% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 14.61% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 17.18% | -1.15% |
JRLVX vs. PRBMX - Expense Ratio Comparison
JRLVX has a 0.01% expense ratio, which is lower than PRBMX's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JRLVX vs. PRBMX - Dividend Comparison
JRLVX's dividend yield for the trailing twelve months is around 3.18%, less than PRBMX's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PRBMX PIMCO RealPath Blend 2060 Fund | 3.26% | 3.01% | 3.56% | 1.53% | 1.60% | 10.13% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, JRLVX and PRBMX 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.
JRLVX has higher volatility (4.71%) compared to PRBMX (4.69%). In terms of maximum drawdown, JRLVX dropped -32.53% vs PRBMX's -32.13%.
PRBMX currently has the higher Sharpe Ratio (2.33 vs 2.27), 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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