JRTVX vs. FFSDX

Last updated Jun 5, 2026

JRTVX (John Hancock Funds Multi-Index 2040 Lifetime Portfolio) and FFSDX (Fidelity Freedom 2065 Fund Class K) are both Target Retirement Date funds. Over the past 5 years, JRTVX returned 8.10%/yr vs 10.25%/yr for FFSDX. With a 0.97 correlation, they move nearly in lockstep. JRTVX charges 0.27%/yr vs 0.65%/yr for FFSDX.

Performance

JRTVX vs. FFSDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Multi-Index 2040 Lifetime Portfolio (JRTVX) and Fidelity Freedom 2065 Fund Class K (FFSDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRTVX achieves a 10.39% return, which is significantly lower than FFSDX's 13.34% return.

JRTVX

• 1D: -0.63%
• 1M: 3.03%
• YTD: 10.39%
• 6M: 10.96%
• 1Y: 24.00%
• 3Y*: 16.91%
• 5Y*: 8.10%
• 10Y*: —

FFSDX

• 1D: -0.46%
• 1M: 3.54%
• YTD: 13.34%
• 6M: 14.95%
• 1Y: 30.20%
• 3Y*: 20.62%
• 5Y*: 10.25%
• 10Y*: —

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

JRTVX vs. FFSDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JRTVX John Hancock Funds Multi-Index 2040 Lifetime Portfolio	10.39%	17.91%	12.73%	16.55%	-18.24%	17.27%	15.79%	7.77%
FFSDX Fidelity Freedom 2065 Fund Class K	13.34%	23.80%	14.16%	20.69%	-18.22%	16.59%	18.26%	9.09%

Correlation

The correlation between JRTVX and FFSDX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.97

The correlation between JRTVX and FFSDX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

JRTVX vs. FFSDX — Risk / Return Rank

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

JRTVX

JRTVX Risk / Return Rank: 69
JRTVX Sharpe Ratio Rank: 69
JRTVX Sortino Ratio Rank: 66
JRTVX Omega Ratio Rank: 66
JRTVX Calmar Ratio Rank: 70
JRTVX Martin Ratio Rank: 76

FFSDX

FFSDX Risk / Return Rank: 68
FFSDX Sharpe Ratio Rank: 69
FFSDX Sortino Ratio Rank: 64
FFSDX Omega Ratio Rank: 65
FFSDX Calmar Ratio Rank: 68
FFSDX Martin Ratio Rank: 75

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.

JRTVX vs. FFSDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index 2040 Lifetime Portfolio (JRTVX) and Fidelity Freedom 2065 Fund Class K (FFSDX). 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.

	JRTVX	FFSDX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.41	-0.04
Sortino ratio: Return per unit of downside risk	3.32	3.33	-0.01
Omega ratio: Gain probability vs. loss probability	1.44	1.45	-0.01
Calmar ratio: Return relative to maximum drawdown	3.13	3.15	-0.02
Martin ratio: Return relative to average drawdown	13.78	14.06	-0.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JRTVX vs. FFSDX - Sharpe Ratio Comparison

The current JRTVX Sharpe Ratio is 2.37, which is comparable to the FFSDX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of JRTVX and FFSDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JRTVX	FFSDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.41	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.68	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.79	-0.17

Drawdowns

JRTVX vs. FFSDX - Drawdown Comparison

The maximum JRTVX drawdown since its inception was -31.52%, roughly equal to the maximum FFSDX drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for JRTVX and FFSDX.

Drawdown Indicators

	JRTVX	FFSDX	Difference
Max Drawdown Largest peak-to-trough decline	-31.52%	-31.03%	-0.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	-9.80%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-13.83%	-15.40%	+1.57%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	-27.29%	+1.83%
Current Drawdown Current decline from peak	-0.63%	-0.46%	-0.17%
Average Drawdown Average peak-to-trough decline	-5.18%	-5.87%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	2.19%	-0.42%

Volatility

JRTVX vs. FFSDX - Volatility Comparison

The current volatility for John Hancock Funds Multi-Index 2040 Lifetime Portfolio (JRTVX) is 3.21%, while Fidelity Freedom 2065 Fund Class K (FFSDX) has a volatility of 4.28%. This indicates that JRTVX experiences smaller price fluctuations and is considered to be less risky than FFSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRTVX	FFSDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	4.28%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	8.17%	10.56%	-2.39%
Volatility (1Y) Calculated over the trailing 1-year period	10.30%	12.81%	-2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	15.05%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.70%	17.02%	-1.32%

JRTVX vs. FFSDX - Expense Ratio Comparison

JRTVX has a 0.27% expense ratio, which is lower than FFSDX's 0.65% expense ratio.

Dividends

JRTVX vs. FFSDX - Dividend Comparison

JRTVX's dividend yield for the trailing twelve months is around 2.69%, less than FFSDX's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FFSDX Fidelity Freedom 2065 Fund Class K	4.93%	3.68%	2.75%	2.15%	8.83%	7.86%	2.31%	1.49%	0.00%
JRTVX John Hancock Funds Multi-Index 2040 Lifetime Portfolio	2.69%	2.97%	1.88%	2.05%	7.35%	5.73%	4.57%	8.90%	11.23%

Frequently Asked Questions

Can I hold both JRTVX and FFSDX in my portfolio?

With a correlation of 0.98, JRTVX and FFSDX 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, JRTVX or FFSDX?

FFSDX has higher volatility (4.28%) compared to JRTVX (3.21%). In terms of maximum drawdown, JRTVX dropped -31.52% vs FFSDX's -31.03%.

Which has better risk-adjusted returns?

FFSDX currently has the higher Sharpe Ratio (2.41 vs 2.37), 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.