JRLVX vs. SSDJX
JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) and SSDJX (State Street Target Retirement 2050 Fund) are both Target Retirement Date funds. Over the past 10 years, JRLVX returned 11.27%/yr vs 10.97%/yr for SSDJX. With a 0.97 correlation, they move nearly in lockstep. JRLVX charges 0.01%/yr vs 0.21%/yr for SSDJX.
Performance
JRLVX vs. SSDJX - 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 SSDJX's 11.18% return. Both investments have delivered pretty close results over the past 10 years, with JRLVX having a 11.27% annualized return and SSDJX not far behind at 10.97%.
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%
SSDJX
- 1D
- 0.16%
- 1M
- 1.79%
- YTD
- 11.18%
- 6M
- 11.58%
- 1Y
- 26.13%
- 3Y*
- 18.27%
- 5Y*
- 8.39%
- 10Y*
- 10.97%
JRLVX vs. SSDJX - 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% |
SSDJX State Street Target Retirement 2050 Fund | 11.18% | 20.71% | 12.35% | 19.18% | -19.24% | 13.12% | 19.69% | 25.73% | -8.12% | 18.90% |
Correlation
The correlation between JRLVX and SSDJX is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014 | 0.97 |
The correlation between JRLVX and SSDJX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
JRLVX vs. SSDJX — Risk / Return Rank
JRLVX
SSDJX
JRLVX vs. SSDJX - 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 2050 Fund (SSDJX). 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 | SSDJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.45 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.99 | +0.18 |
| Martin ratioReturn relative to average drawdown | 14.06 | 12.74 | +1.33 |
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 | SSDJX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.39 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.60 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.75 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.68 | -0.03 |
Drawdowns
JRLVX vs. SSDJX - Drawdown Comparison
The maximum JRLVX drawdown since its inception was -32.53%, which is greater than SSDJX's maximum drawdown of -29.95%. Use the drawdown chart below to compare losses from any high point for JRLVX and SSDJX.
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Drawdown Indicators
| JRLVX | SSDJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -29.95% | -2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -8.73% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.27% | -14.70% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -27.45% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -32.53% | -29.95% | -2.58% |
Current DrawdownCurrent decline from peak | -0.38% | -0.42% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -5.05% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.04% | -0.13% |
Volatility
JRLVX vs. SSDJX - Volatility Comparison
John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) and State Street Target Retirement 2050 Fund (SSDJX) have volatilities of 3.33% and 3.36%, 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 | SSDJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 3.36% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.98% | 8.77% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 10.93% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 14.11% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 14.76% | +1.22% |
JRLVX vs. SSDJX - Expense Ratio Comparison
JRLVX has a 0.01% expense ratio, which is lower than SSDJX's 0.21% 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. SSDJX - Dividend Comparison
JRLVX's dividend yield for the trailing twelve months is around 3.18%, less than SSDJX's 5.44% 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% |
SSDJX State Street Target Retirement 2050 Fund | 5.44% | 6.05% | 4.63% | 3.13% | 5.47% | 4.87% | 4.13% | 6.79% | 5.05% | 0.45% | 1.73% | 1.86% |
Frequently Asked Questions
With a correlation of 0.96, JRLVX and SSDJX 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.
SSDJX has higher volatility (3.36%) compared to JRLVX (3.33%). In terms of maximum drawdown, JRLVX dropped -32.53% vs SSDJX's -29.95%.
JRLVX currently has the higher Sharpe Ratio (2.39 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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