JRTMX vs. FIRQX

Last updated Jun 23, 2026

JRTMX (John Hancock Funds Multi-Index 2035 Lifetime Portfolio) and FIRQX (Fidelity Managed Retirement 2010 Fund) are both Target Retirement Date funds. Over the past 5 years, JRTMX returned 7.45%/yr vs 2.79%/yr for FIRQX. Their correlation of 0.83 suggests significant overlap in exposure. JRTMX charges 0.29%/yr vs 0.46%/yr for FIRQX.

Performance

JRTMX vs. FIRQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Multi-Index 2035 Lifetime Portfolio (JRTMX) and Fidelity Managed Retirement 2010 Fund (FIRQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRTMX achieves a 9.59% return, which is significantly higher than FIRQX's 3.60% return.

JRTMX

• 1D: 0.88%
• 1M: 1.51%
• YTD: 9.59%
• 6M: 9.44%
• 1Y: 21.97%
• 3Y*: 14.46%
• 5Y*: 7.45%
• 10Y*: —

FIRQX

• 1D: 0.00%
• 1M: 0.65%
• YTD: 3.60%
• 6M: 3.73%
• 1Y: 9.40%
• 3Y*: 7.27%
• 5Y*: 2.79%
• 10Y*: 5.03%

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

JRTMX vs. FIRQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JRTMX John Hancock Funds Multi-Index 2035 Lifetime Portfolio	9.59%	16.54%	11.04%	15.26%	-17.97%	15.75%	15.08%	10.57%
FIRQX Fidelity Managed Retirement 2010 Fund	3.60%	9.97%	4.48%	8.52%	-12.39%	3.82%	9.59%	3.84%

Correlation

The correlation between JRTMX and FIRQX is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 27, 2019	0.83

The correlation between JRTMX and FIRQX has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

Return for Risk

JRTMX vs. FIRQX — Risk / Return Rank

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

JRTMX

JRTMX Risk / Return Rank: 69
JRTMX Sharpe Ratio Rank: 68
JRTMX Sortino Ratio Rank: 66
JRTMX Omega Ratio Rank: 67
JRTMX Calmar Ratio Rank: 69
JRTMX Martin Ratio Rank: 75

FIRQX

FIRQX Risk / Return Rank: 66
FIRQX Sharpe Ratio Rank: 67
FIRQX Sortino Ratio Rank: 70
FIRQX Omega Ratio Rank: 74
FIRQX Calmar Ratio Rank: 57
FIRQX Martin Ratio Rank: 63

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.

JRTMX vs. FIRQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index 2035 Lifetime Portfolio (JRTMX) and Fidelity Managed Retirement 2010 Fund (FIRQX). 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.

	JRTMX	FIRQX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.19	+0.03
Sortino ratio: Return per unit of downside risk	3.09	3.17	-0.08
Omega ratio: Gain probability vs. loss probability	1.41	1.44	-0.03
Calmar ratio: Return relative to maximum drawdown	3.07	2.77	+0.30
Martin ratio: Return relative to average drawdown	13.20	11.64	+1.57

JRTMX vs. FIRQX - Sharpe Ratio Comparison

The current JRTMX Sharpe Ratio is 2.22, which is comparable to the FIRQX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of JRTMX and FIRQX, 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

JRTMX vs. FIRQX - Drawdown Comparison

The maximum JRTMX drawdown since its inception was -29.63%, smaller than the maximum FIRQX drawdown of -38.01%. Use the drawdown chart below to compare losses from any high point for JRTMX and FIRQX.

Drawdown Indicators

	JRTMX	FIRQX	Difference
Max Drawdown Largest peak-to-trough decline	-29.63%	-38.01%	+8.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-3.45%	-3.61%
Max Drawdown (3Y) Largest decline over 3 years	-12.18%	-5.19%	-6.99%
Max Drawdown (5Y) Largest decline over 5 years	-24.97%	-17.04%	-7.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.04%	—
Current Drawdown Current decline from peak	-0.31%	-0.44%	+0.13%
Average Drawdown Average peak-to-trough decline	-5.60%	-4.43%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	0.82%	+0.82%

Volatility

JRTMX vs. FIRQX - Volatility Comparison

John Hancock Funds Multi-Index 2035 Lifetime Portfolio (JRTMX) has a higher volatility of 3.88% compared to Fidelity Managed Retirement 2010 Fund (FIRQX) at 2.05%. This indicates that JRTMX's price experiences larger fluctuations and is considered to be riskier than FIRQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRTMX	FIRQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	2.05%	+1.83%
Volatility (6M) Calculated over the trailing 6-month period	8.10%	3.72%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	4.38%	+5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.63%	5.60%	+7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	5.35%	+10.09%

JRTMX vs. FIRQX - Expense Ratio Comparison

JRTMX has a 0.29% expense ratio, which is lower than FIRQX's 0.46% expense ratio.

Dividends

JRTMX vs. FIRQX - Dividend Comparison

JRTMX's dividend yield for the trailing twelve months is around 2.30%, less than FIRQX's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRQX Fidelity Managed Retirement 2010 Fund	3.30%	3.14%	2.95%	2.75%	5.01%	6.00%	3.50%	3.15%	5.59%	16.31%	2.43%	4.08%
JRTMX John Hancock Funds Multi-Index 2035 Lifetime Portfolio	2.30%	2.52%	2.12%	2.26%	7.16%	5.67%	4.72%	8.45%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JRTMX and FIRQX in my portfolio?

JRTMX and FIRQX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JRTMX or FIRQX?

JRTMX has higher volatility (3.88%) compared to FIRQX (2.05%). In terms of maximum drawdown, JRTMX dropped -29.63% vs FIRQX's -38.01%.

Which has better risk-adjusted returns?

JRTMX currently has the higher Sharpe Ratio (2.22 vs 2.19), 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.