JRLVX vs. SSBRX
JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) and SSBRX (State Street Target Retirement 2025 Fund) are both Target Retirement Date funds. Over the past 10 years, JRLVX returned 11.27%/yr vs 7.88%/yr for SSBRX. With a 0.95 correlation, they move nearly in lockstep. JRLVX charges 0.01%/yr vs 0.13%/yr for SSBRX.
Performance
JRLVX vs. SSBRX - Performance Comparison
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Returns By Period
In the year-to-date period, JRLVX achieves a 11.90% return, which is significantly higher than SSBRX's 6.50% return. Over the past 10 years, JRLVX has outperformed SSBRX with an annualized return of 11.27%, while SSBRX has yielded a comparatively lower 7.88% annualized return.
JRLVX
- 1D
- 0.33%
- 1M
- 2.06%
- YTD
- 11.90%
- 6M
- 12.35%
- 1Y
- 27.09%
- 3Y*
- 18.85%
- 5Y*
- 9.32%
- 10Y*
- 11.27%
SSBRX
- 1D
- 0.07%
- 1M
- 0.60%
- YTD
- 6.50%
- 6M
- 6.67%
- 1Y
- 15.39%
- 3Y*
- 11.95%
- 5Y*
- 5.32%
- 10Y*
- 7.88%
JRLVX vs. SSBRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 11.90% | 19.25% | 14.50% | 18.00% | -18.06% | 18.45% | 16.23% | 25.03% | -8.29% | 17.40% |
SSBRX State Street Target Retirement 2025 Fund | 6.50% | 12.93% | 8.73% | 13.61% | -15.51% | 10.03% | 14.68% | 20.73% | -5.47% | 14.32% |
Correlation
The correlation between JRLVX and SSBRX is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014 | 0.95 |
The correlation between JRLVX and SSBRX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
JRLVX vs. SSBRX — Risk / Return Rank
JRLVX
SSBRX
JRLVX vs. SSBRX - 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 State Street Target Retirement 2025 Fund (SSBRX). 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.
| JRLVX | SSBRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.55 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.44 | -0.27 |
| Martin ratioReturn relative to average drawdown | 14.06 | 15.67 | -1.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JRLVX | SSBRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.79 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.61 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.81 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.74 | -0.09 |
Drawdowns
JRLVX vs. SSBRX - Drawdown Comparison
The maximum JRLVX drawdown since its inception was -32.53%, which is greater than SSBRX's maximum drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for JRLVX and SSBRX.
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Drawdown Indicators
| JRLVX | SSBRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -21.96% | -10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -4.44% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -15.27% | -7.48% | -7.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -21.13% | -4.51% |
Max Drawdown (10Y)Largest decline over 10 years | -32.53% | -21.96% | -10.57% |
Current DrawdownCurrent decline from peak | -0.38% | -0.22% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -3.72% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 0.97% | +0.94% |
Volatility
JRLVX vs. SSBRX - Volatility Comparison
John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) has a higher volatility of 3.33% compared to State Street Target Retirement 2025 Fund (SSBRX) at 1.74%. This indicates that JRLVX's price experiences larger fluctuations and is considered to be riskier than SSBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRLVX | SSBRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 1.74% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.98% | 4.36% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 5.49% | +5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 8.83% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 9.82% | +6.16% |
JRLVX vs. SSBRX - Expense Ratio Comparison
JRLVX has a 0.01% expense ratio, which is lower than SSBRX's 0.13% 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. SSBRX - Dividend Comparison
JRLVX's dividend yield for the trailing twelve months is around 3.18%, less than SSBRX's 5.70% 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% |
SSBRX State Street Target Retirement 2025 Fund | 5.70% | 6.07% | 6.67% | 4.60% | 6.60% | 6.44% | 4.74% | 6.58% | 5.35% | 0.60% | 1.84% | 2.38% |
Frequently Asked Questions
With a correlation of 0.92, JRLVX and SSBRX 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 (3.33%) compared to SSBRX (1.74%). In terms of maximum drawdown, JRLVX dropped -32.53% vs SSBRX's -21.96%.
SSBRX currently has the higher Sharpe Ratio (2.79 vs 2.39), 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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