JRTMX vs. SVBAX

Last updated Jun 25, 2026

JRTMX (John Hancock Funds Multi-Index 2035 Lifetime Portfolio) and SVBAX (John Hancock Balanced Fund) are both mutual funds - JRTMX is a Target Retirement Date fund managed by John Hancock, while SVBAX is a Diversified Portfolio fund managed by John Hancock. Over the past 5 years, JRTMX returned 6.77%/yr vs 8.63%/yr for SVBAX. Their correlation of 0.94 suggests significant overlap in exposure. JRTMX charges 0.29%/yr vs 1.03%/yr for SVBAX.

Performance

JRTMX vs. SVBAX - 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 John Hancock Balanced Fund (SVBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRTMX achieves a 8.03% return, which is significantly lower than SVBAX's 9.14% return.

JRTMX

• 1D: -1.37%
• 1M: 0.06%
• YTD: 8.03%
• 6M: 7.31%
• 1Y: 18.30%
• 3Y*: 14.61%
• 5Y*: 6.77%
• 10Y*: —

SVBAX

• 1D: -0.96%
• 1M: 0.95%
• YTD: 9.14%
• 6M: 8.48%
• 1Y: 20.36%
• 3Y*: 15.84%
• 5Y*: 8.63%
• 10Y*: 10.17%

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

JRTMX vs. SVBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JRTMX John Hancock Funds Multi-Index 2035 Lifetime Portfolio	8.03%	16.54%	11.04%	15.26%	-17.97%	15.75%	15.08%	10.57%
SVBAX John Hancock Balanced Fund	9.14%	15.69%	13.31%	18.22%	-15.79%	14.49%	15.97%	7.08%

Correlation

The correlation between JRTMX and SVBAX 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	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 27, 2019	0.94

The correlation between JRTMX and SVBAX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

JRTMX vs. SVBAX — Risk / Return Rank

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

JRTMX

JRTMX Risk / Return Rank: 66
JRTMX Sharpe Ratio Rank: 64
JRTMX Sortino Ratio Rank: 63
JRTMX Omega Ratio Rank: 63
JRTMX Calmar Ratio Rank: 67
JRTMX Martin Ratio Rank: 73

SVBAX

SVBAX Risk / Return Rank: 84
SVBAX Sharpe Ratio Rank: 82
SVBAX Sortino Ratio Rank: 82
SVBAX Omega Ratio Rank: 77
SVBAX Calmar Ratio Rank: 86
SVBAX Martin Ratio Rank: 93

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. SVBAX - 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 John Hancock Balanced Fund (SVBAX). 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	SVBAX	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.47	-0.49
Sortino ratio: Return per unit of downside risk	2.77	3.54	-0.77
Omega ratio: Gain probability vs. loss probability	1.37	1.46	-0.09
Calmar ratio: Return relative to maximum drawdown	2.78	3.89	-1.11
Martin ratio: Return relative to average drawdown	11.90	18.57	-6.67

JRTMX vs. SVBAX - Sharpe Ratio Comparison

The current JRTMX Sharpe Ratio is 1.99, which is comparable to the SVBAX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of JRTMX and SVBAX, 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. SVBAX - Drawdown Comparison

The maximum JRTMX drawdown since its inception was -29.63%, smaller than the maximum SVBAX drawdown of -40.81%. Use the drawdown chart below to compare losses from any high point for JRTMX and SVBAX.

Drawdown Indicators

	JRTMX	SVBAX	Difference
Max Drawdown Largest peak-to-trough decline	-29.63%	-40.81%	+11.18%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-5.57%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-12.18%	-12.06%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-24.97%	-20.53%	-4.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.00%	—
Current Drawdown Current decline from peak	-1.73%	-1.30%	-0.43%
Average Drawdown Average peak-to-trough decline	-5.60%	-5.23%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	1.16%	+0.48%

Volatility

JRTMX vs. SVBAX - Volatility Comparison

John Hancock Funds Multi-Index 2035 Lifetime Portfolio (JRTMX) has a higher volatility of 4.04% compared to John Hancock Balanced Fund (SVBAX) at 3.56%. This indicates that JRTMX's price experiences larger fluctuations and is considered to be riskier than SVBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRTMX	SVBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	3.56%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	8.19%	7.09%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.89%	8.76%	+1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.64%	10.87%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	10.81%	+4.63%

JRTMX vs. SVBAX - Expense Ratio Comparison

JRTMX has a 0.29% expense ratio, which is lower than SVBAX's 1.03% expense ratio.

Dividends

JRTMX vs. SVBAX - Dividend Comparison

JRTMX's dividend yield for the trailing twelve months is around 2.33%, less than SVBAX's 11.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JRTMX John Hancock Funds Multi-Index 2035 Lifetime Portfolio	2.33%	2.52%	2.12%	2.26%	7.16%	5.67%	4.72%	8.45%	0.00%	0.00%	0.00%	0.00%
SVBAX John Hancock Balanced Fund	11.48%	12.45%	3.72%	1.48%	1.60%	2.73%	1.60%	2.19%	8.06%	3.51%	1.70%	4.57%

Frequently Asked Questions

Can I hold both JRTMX and SVBAX in my portfolio?

With a correlation of 0.93, JRTMX and SVBAX 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, JRTMX or SVBAX?

JRTMX has higher volatility (4.04%) compared to SVBAX (3.56%). In terms of maximum drawdown, JRTMX dropped -29.63% vs SVBAX's -40.81%.

Which has better risk-adjusted returns?

SVBAX currently has the higher Sharpe Ratio (2.47 vs 1.99), 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.