JRTVX vs. JFIVX

Last updated Jun 5, 2026

JRTVX (John Hancock Funds Multi-Index 2040 Lifetime Portfolio) and JFIVX (John Hancock Variable Insurance Trust 500 Index Trust) are both mutual funds - JRTVX is a Target Retirement Date fund managed by John Hancock, while JFIVX is a Large Cap Blend Equities fund managed by John Hancock. Over the past 5 years, JRTVX returned 8.10%/yr vs 13.60%/yr for JFIVX. Their correlation of 0.94 suggests significant overlap in exposure. JRTVX charges 0.27%/yr vs 0.30%/yr for JFIVX.

Performance

JRTVX vs. JFIVX - 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 John Hancock Variable Insurance Trust 500 Index Trust (JFIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JRTVX having a 10.39% return and JFIVX slightly higher at 10.74%.

JRTVX

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

JFIVX

• 1D: -0.73%
• 1M: 4.15%
• YTD: 10.74%
• 6M: 10.63%
• 1Y: 27.67%
• 3Y*: 22.10%
• 5Y*: 13.60%
• 10Y*: —

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

JRTVX vs. JFIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JRTVX John Hancock Funds Multi-Index 2040 Lifetime Portfolio	10.39%	17.91%	12.73%	16.55%	-18.24%	17.27%	15.79%	24.46%	-8.25%	7.04%
JFIVX John Hancock Variable Insurance Trust 500 Index Trust	10.74%	17.54%	24.61%	25.92%	-18.30%	28.31%	18.03%	31.05%	-5.00%	13.09%

Correlation

The correlation between JRTVX and JFIVX 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	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 10, 2017	0.94

The correlation between JRTVX and JFIVX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

JRTVX vs. JFIVX — 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

JFIVX

JFIVX Risk / Return Rank: 66
JFIVX Sharpe Ratio Rank: 64
JFIVX Sortino Ratio Rank: 59
JFIVX Omega Ratio Rank: 58
JFIVX Calmar Ratio Rank: 68
JFIVX Martin Ratio Rank: 79

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. JFIVX - 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 John Hancock Variable Insurance Trust 500 Index Trust (JFIVX). 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	JFIVX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.36	+0.02
Sortino ratio: Return per unit of downside risk	3.32	3.23	+0.09
Omega ratio: Gain probability vs. loss probability	1.44	1.43	+0.01
Calmar ratio: Return relative to maximum drawdown	3.13	3.15	-0.02
Martin ratio: Return relative to average drawdown	13.78	14.73	-0.94
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. JFIVX - Sharpe Ratio Comparison

The current JRTVX Sharpe Ratio is 2.37, which is comparable to the JFIVX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of JRTVX and JFIVX, 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	JFIVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.36	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.83	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.82	-0.21

Drawdowns

JRTVX vs. JFIVX - Drawdown Comparison

The maximum JRTVX drawdown since its inception was -31.52%, smaller than the maximum JFIVX drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for JRTVX and JFIVX.

Drawdown Indicators

	JRTVX	JFIVX	Difference
Max Drawdown Largest peak-to-trough decline	-31.52%	-33.81%	+2.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	-8.94%	+1.13%
Max Drawdown (3Y) Largest decline over 3 years	-13.83%	-18.82%	+4.99%
Max Drawdown (5Y) Largest decline over 5 years	-25.46%	-24.67%	-0.79%
Current Drawdown Current decline from peak	-0.63%	-0.73%	+0.10%
Average Drawdown Average peak-to-trough decline	-5.18%	-4.62%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	1.90%	-0.13%

Volatility

JRTVX vs. JFIVX - Volatility Comparison

John Hancock Funds Multi-Index 2040 Lifetime Portfolio (JRTVX) has a higher volatility of 3.21% compared to John Hancock Variable Insurance Trust 500 Index Trust (JFIVX) at 2.93%. This indicates that JRTVX's price experiences larger fluctuations and is considered to be riskier than JFIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRTVX	JFIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	2.93%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	8.17%	8.99%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	10.30%	11.97%	-1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	16.55%	-2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.70%	18.34%	-2.64%

JRTVX vs. JFIVX - Expense Ratio Comparison

JRTVX has a 0.27% expense ratio, which is lower than JFIVX's 0.30% expense ratio.

Dividends

JRTVX vs. JFIVX - Dividend Comparison

JRTVX's dividend yield for the trailing twelve months is around 2.69%, more than JFIVX's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JFIVX John Hancock Variable Insurance Trust 500 Index Trust	2.31%	2.56%	2.19%	2.44%	5.19%	5.17%	3.38%	2.97%	2.90%	1.27%
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%	0.00%

Frequently Asked Questions

Can I hold both JRTVX and JFIVX in my portfolio?

With a correlation of 0.93, JRTVX and JFIVX 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 JFIVX?

JRTVX has higher volatility (3.21%) compared to JFIVX (2.93%). In terms of maximum drawdown, JRTVX dropped -31.52% vs JFIVX's -33.81%.

Which has better risk-adjusted returns?

JRTVX currently has the higher Sharpe Ratio (2.37 vs 2.36), 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.