JRTDX vs. FCQTX

Last updated Jun 24, 2026

JRTDX (John Hancock Funds Multi-Index 2025 Lifetime Portfolio) and FCQTX (American Funds 2065 Target Date Retirement Fund) are both Target Retirement Date funds. Over the past 5 years, JRTDX returned 5.13%/yr vs 9.99%/yr for FCQTX. Their correlation of 0.93 suggests significant overlap in exposure. JRTDX charges 0.35%/yr vs 0.01%/yr for FCQTX.

Performance

JRTDX vs. FCQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Multi-Index 2025 Lifetime Portfolio (JRTDX) and American Funds 2065 Target Date Retirement Fund (FCQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRTDX achieves a 6.75% return, which is significantly lower than FCQTX's 11.05% return.

JRTDX

• 1D: -0.08%
• 1M: 1.06%
• YTD: 6.75%
• 6M: 6.54%
• 1Y: 15.24%
• 3Y*: 11.51%
• 5Y*: 5.13%
• 10Y*: —

FCQTX

• 1D: -0.13%
• 1M: 2.33%
• YTD: 11.05%
• 6M: 10.57%
• 1Y: 25.07%
• 3Y*: 19.48%
• 5Y*: 9.99%
• 10Y*: —

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

JRTDX vs. FCQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JRTDX John Hancock Funds Multi-Index 2025 Lifetime Portfolio	6.75%	13.10%	7.83%	11.88%	-15.67%	11.75%	31.03%
FCQTX American Funds 2065 Target Date Retirement Fund	11.05%	20.74%	15.64%	21.56%	-19.63%	17.34%	47.06%

Correlation

The correlation between JRTDX and FCQTX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Mar 27, 2020	0.93

The correlation between JRTDX and FCQTX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

JRTDX vs. FCQTX — Risk / Return Rank

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

JRTDX

JRTDX Risk / Return Rank: 72
JRTDX Sharpe Ratio Rank: 72
JRTDX Sortino Ratio Rank: 72
JRTDX Omega Ratio Rank: 72
JRTDX Calmar Ratio Rank: 69
JRTDX Martin Ratio Rank: 74

FCQTX

FCQTX Risk / Return Rank: 56
FCQTX Sharpe Ratio Rank: 55
FCQTX Sortino Ratio Rank: 53
FCQTX Omega Ratio Rank: 55
FCQTX Calmar Ratio Rank: 53
FCQTX Martin Ratio Rank: 64

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.

JRTDX vs. FCQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index 2025 Lifetime Portfolio (JRTDX) and American Funds 2065 Target Date Retirement Fund (FCQTX). 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.

	JRTDX	FCQTX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.03	+0.24
Sortino ratio: Return per unit of downside risk	3.23	2.81	+0.41
Omega ratio: Gain probability vs. loss probability	1.44	1.38	+0.06
Calmar ratio: Return relative to maximum drawdown	3.06	2.65	+0.41
Martin ratio: Return relative to average drawdown	13.15	11.79	+1.37

JRTDX vs. FCQTX - Sharpe Ratio Comparison

The current JRTDX Sharpe Ratio is 2.27, which is comparable to the FCQTX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of JRTDX and FCQTX, 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

JRTDX vs. FCQTX - Drawdown Comparison

The maximum JRTDX drawdown since its inception was -25.33%, smaller than the maximum FCQTX drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for JRTDX and FCQTX.

Drawdown Indicators

	JRTDX	FCQTX	Difference
Max Drawdown Largest peak-to-trough decline	-25.33%	-27.34%	+2.01%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	-9.83%	+4.66%
Max Drawdown (3Y) Largest decline over 3 years	-8.71%	-15.53%	+6.82%
Max Drawdown (5Y) Largest decline over 5 years	-21.93%	-27.34%	+5.41%
Current Drawdown Current decline from peak	-0.30%	-0.18%	-0.12%
Average Drawdown Average peak-to-trough decline	-4.91%	-5.85%	+0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	2.21%	-1.01%

Volatility

JRTDX vs. FCQTX - Volatility Comparison

The current volatility for John Hancock Funds Multi-Index 2025 Lifetime Portfolio (JRTDX) is 2.80%, while American Funds 2065 Target Date Retirement Fund (FCQTX) has a volatility of 5.13%. This indicates that JRTDX experiences smaller price fluctuations and is considered to be less risky than FCQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRTDX	FCQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	5.13%	-2.33%
Volatility (6M) Calculated over the trailing 6-month period	5.75%	10.60%	-4.85%
Volatility (1Y) Calculated over the trailing 1-year period	6.97%	12.87%	-5.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.74%	14.86%	-5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.78%	15.11%	-3.33%

JRTDX vs. FCQTX - Expense Ratio Comparison

JRTDX has a 0.35% expense ratio, which is higher than FCQTX's 0.01% expense ratio.

Dividends

JRTDX vs. FCQTX - Dividend Comparison

JRTDX's dividend yield for the trailing twelve months is around 2.83%, less than FCQTX's 4.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FCQTX American Funds 2065 Target Date Retirement Fund	4.20%	4.67%	2.80%	1.99%	3.96%	1.54%	0.72%	0.00%	0.00%
JRTDX John Hancock Funds Multi-Index 2025 Lifetime Portfolio	2.83%	3.03%	2.80%	2.77%	6.17%	6.30%	5.33%	7.23%	9.43%

Frequently Asked Questions

Can I hold both JRTDX and FCQTX in my portfolio?

With a correlation of 0.93, JRTDX and FCQTX 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.

Which is riskier, JRTDX or FCQTX?

FCQTX has higher volatility (5.13%) compared to JRTDX (2.80%). In terms of maximum drawdown, JRTDX dropped -25.33% vs FCQTX's -27.34%.

Which has better risk-adjusted returns?

JRTDX currently has the higher Sharpe Ratio (2.27 vs 2.03), 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.