JRTMX vs. FXNAX

Last updated Jun 23, 2026

JRTMX (John Hancock Funds Multi-Index 2035 Lifetime Portfolio) and FXNAX (Fidelity U.S. Bond Index Fund) are both mutual funds - JRTMX is a Target Retirement Date fund managed by John Hancock, while FXNAX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 5 years, JRTMX returned 7.45%/yr vs -0.06%/yr for FXNAX. At a 0.19 correlation, their price movements are largely independent. JRTMX charges 0.29%/yr vs 0.03%/yr for FXNAX.

Performance

JRTMX vs. FXNAX - 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 U.S. Bond Index Fund (FXNAX). 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 FXNAX's 0.40% return.

JRTMX

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

FXNAX

• 1D: 0.19%
• 1M: 0.90%
• YTD: 0.40%
• 6M: 0.72%
• 1Y: 4.76%
• 3Y*: 4.02%
• 5Y*: -0.06%
• 10Y*: 1.50%

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

JRTMX vs. FXNAX - 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%
FXNAX Fidelity U.S. Bond Index Fund	0.40%	7.14%	1.35%	5.82%	-13.55%	-2.10%	7.63%	0.00%

Correlation

The correlation between JRTMX and FXNAX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Aug 27, 2019	0.19

Over the past year, JRTMX and FXNAX have become more correlated (0.41) than their long-term average of 0.19, meaning their price movements have been converging.

Return for Risk

JRTMX vs. FXNAX — 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

FXNAX

FXNAX Risk / Return Rank: 21
FXNAX Sharpe Ratio Rank: 21
FXNAX Sortino Ratio Rank: 22
FXNAX Omega Ratio Rank: 20
FXNAX Calmar Ratio Rank: 22
FXNAX Martin Ratio Rank: 20

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. FXNAX - 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 U.S. Bond Index Fund (FXNAX). 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	FXNAX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.22	+0.99
Sortino ratio: Return per unit of downside risk	3.09	1.85	+1.24
Omega ratio: Gain probability vs. loss probability	1.41	1.22	+0.20
Calmar ratio: Return relative to maximum drawdown	3.07	1.62	+1.45
Martin ratio: Return relative to average drawdown	13.20	4.68	+8.52

JRTMX vs. FXNAX - Sharpe Ratio Comparison

The current JRTMX Sharpe Ratio is 2.22, which is higher than the FXNAX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of JRTMX and FXNAX, 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. FXNAX - Drawdown Comparison

The maximum JRTMX drawdown since its inception was -29.63%, which is greater than FXNAX's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for JRTMX and FXNAX.

Drawdown Indicators

	JRTMX	FXNAX	Difference
Max Drawdown Largest peak-to-trough decline	-29.63%	-19.51%	-10.12%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-2.94%	-4.12%
Max Drawdown (3Y) Largest decline over 3 years	-12.18%	-6.16%	-6.02%
Max Drawdown (5Y) Largest decline over 5 years	-24.97%	-18.54%	-6.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.51%	—
Current Drawdown Current decline from peak	-0.31%	-2.89%	+2.58%
Average Drawdown Average peak-to-trough decline	-5.60%	-3.86%	-1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	1.02%	+0.62%

Volatility

JRTMX vs. FXNAX - Volatility Comparison

John Hancock Funds Multi-Index 2035 Lifetime Portfolio (JRTMX) has a higher volatility of 3.88% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.23%. This indicates that JRTMX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRTMX	FXNAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	1.23%	+2.65%
Volatility (6M) Calculated over the trailing 6-month period	8.10%	2.89%	+5.21%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	3.90%	+5.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.63%	6.08%	+6.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	5.01%	+10.43%

JRTMX vs. FXNAX - Expense Ratio Comparison

JRTMX has a 0.29% expense ratio, which is higher than FXNAX's 0.03% expense ratio.

Dividends

JRTMX vs. FXNAX - Dividend Comparison

JRTMX's dividend yield for the trailing twelve months is around 2.30%, less than FXNAX's 3.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXNAX Fidelity U.S. Bond Index Fund	3.71%	3.58%	3.40%	3.15%	1.81%	1.74%	2.92%	2.68%	2.74%	2.57%	2.76%	2.52%
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 FXNAX in my portfolio?

JRTMX and FXNAX have a correlation of 0.41, 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 FXNAX?

JRTMX has higher volatility (3.88%) compared to FXNAX (1.23%). In terms of maximum drawdown, JRTMX dropped -29.63% vs FXNAX's -19.51%.

Which has better risk-adjusted returns?

JRTMX currently has the higher Sharpe Ratio (2.22 vs 1.22), 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.