JVLIX vs. VFORX

Last updated Jun 4, 2026

JVLIX (John Hancock Funds Disciplined Value Fund) and VFORX (Vanguard Target Retirement 2040 Fund) are both mutual funds - JVLIX is a Large Cap Value Equities fund managed by John Hancock, while VFORX is a Target Retirement Date fund managed by Vanguard. Over the past 10 years, JVLIX returned 12.71%/yr vs 10.66%/yr for VFORX. Their correlation of 0.92 suggests significant overlap in exposure. JVLIX charges 0.76%/yr vs 0.08%/yr for VFORX.

Performance

JVLIX vs. VFORX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Disciplined Value Fund (JVLIX) and Vanguard Target Retirement 2040 Fund (VFORX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JVLIX achieves a 16.63% return, which is significantly higher than VFORX's 10.11% return. Over the past 10 years, JVLIX has outperformed VFORX with an annualized return of 12.71%, while VFORX has yielded a comparatively lower 10.66% annualized return.

JVLIX

• 1D: 1.02%
• 1M: 6.70%
• YTD: 16.63%
• 6M: 17.45%
• 1Y: 33.27%
• 3Y*: 21.71%
• 5Y*: 12.57%
• 10Y*: 12.71%

VFORX

• 1D: 0.31%
• 1M: 4.40%
• YTD: 10.11%
• 6M: 10.85%
• 1Y: 23.95%
• 3Y*: 17.28%
• 5Y*: 8.86%
• 10Y*: 10.66%

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

JVLIX vs. VFORX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JVLIX John Hancock Funds Disciplined Value Fund	16.63%	17.48%	15.59%	13.91%	-4.45%	29.92%	1.59%	22.70%	-9.75%	17.97%
VFORX Vanguard Target Retirement 2040 Fund	10.11%	18.77%	12.90%	18.56%	-17.00%	14.55%	15.48%	23.86%	-7.32%	18.45%

Correlation

The correlation between JVLIX and VFORX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 8, 2006	0.92

The correlation between JVLIX and VFORX has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

Return for Risk

JVLIX vs. VFORX — Risk / Return Rank

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

JVLIX

JVLIX Risk / Return Rank: 84
JVLIX Sharpe Ratio Rank: 86
JVLIX Sortino Ratio Rank: 81
JVLIX Omega Ratio Rank: 76
JVLIX Calmar Ratio Rank: 88
JVLIX Martin Ratio Rank: 90

VFORX

VFORX Risk / Return Rank: 71
VFORX Sharpe Ratio Rank: 74
VFORX Sortino Ratio Rank: 71
VFORX Omega Ratio Rank: 69
VFORX Calmar Ratio Rank: 67
VFORX Martin Ratio Rank: 73

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.

JVLIX vs. VFORX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Disciplined Value Fund (JVLIX) and Vanguard Target Retirement 2040 Fund (VFORX). 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.

	JVLIX	VFORX	Difference
Sharpe ratio: Return per unit of total volatility	2.79	2.50	+0.29
Sortino ratio: Return per unit of downside risk	3.82	3.50	+0.32
Omega ratio: Gain probability vs. loss probability	1.50	1.46	+0.03
Calmar ratio: Return relative to maximum drawdown	4.31	3.15	+1.16
Martin ratio: Return relative to average drawdown	18.35	13.90	+4.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JVLIX vs. VFORX - Sharpe Ratio Comparison

The current JVLIX Sharpe Ratio is 2.79, which is comparable to the VFORX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of JVLIX and VFORX, 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

	JVLIX	VFORX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	2.50	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.72	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.78	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.50	-0.14

Drawdowns

JVLIX vs. VFORX - Drawdown Comparison

The maximum JVLIX drawdown since its inception was -59.12%, which is greater than VFORX's maximum drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for JVLIX and VFORX.

Drawdown Indicators

	JVLIX	VFORX	Difference
Max Drawdown Largest peak-to-trough decline	-59.12%	-51.63%	-7.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-7.70%	-0.25%
Max Drawdown (3Y) Largest decline over 3 years	-20.48%	-12.12%	-8.36%
Max Drawdown (5Y) Largest decline over 5 years	-20.48%	-24.32%	+3.84%
Max Drawdown (10Y) Largest decline over 10 years	-40.33%	-29.35%	-10.98%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.52%	-6.77%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.74%	+0.12%

Volatility

JVLIX vs. VFORX - Volatility Comparison

John Hancock Funds Disciplined Value Fund (JVLIX) has a higher volatility of 3.87% compared to Vanguard Target Retirement 2040 Fund (VFORX) at 2.99%. This indicates that JVLIX's price experiences larger fluctuations and is considered to be riskier than VFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JVLIX	VFORX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	2.99%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	7.78%	+1.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	9.71%	+2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	12.43%	+4.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	13.68%	+5.22%

JVLIX vs. VFORX - Expense Ratio Comparison

JVLIX has a 0.76% expense ratio, which is higher than VFORX's 0.08% expense ratio.

Dividends

JVLIX vs. VFORX - Dividend Comparison

JVLIX's dividend yield for the trailing twelve months is around 5.69%, more than VFORX's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JVLIX John Hancock Funds Disciplined Value Fund	5.69%	6.64%	13.97%	7.22%	7.16%	14.63%	1.57%	5.87%	10.59%	4.60%	1.22%	3.44%
VFORX Vanguard Target Retirement 2040 Fund	2.51%	2.77%	2.86%	2.38%	2.60%	20.68%	2.06%	2.28%	2.58%	0.04%	2.40%	2.99%

Frequently Asked Questions

Can I hold both JVLIX and VFORX in my portfolio?

JVLIX and VFORX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JVLIX or VFORX?

JVLIX has higher volatility (3.87%) compared to VFORX (2.99%). In terms of maximum drawdown, JVLIX dropped -59.12% vs VFORX's -51.63%.

Which has better risk-adjusted returns?

JVLIX currently has the higher Sharpe Ratio (2.79 vs 2.50), 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.