LIPIX vs. JLKYX
LIPIX (BlackRock LifePath Index 2050 Fund Institutional) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, LIPIX returned 11.99%/yr vs 11.62%/yr for JLKYX. With a 0.99 correlation, they move nearly in lockstep. LIPIX charges 0.14%/yr vs 0.01%/yr for JLKYX.
Performance
LIPIX vs. JLKYX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LIPIX having a 12.45% return and JLKYX slightly higher at 12.94%. Both investments have delivered pretty close results over the past 10 years, with LIPIX having a 11.99% annualized return and JLKYX not far behind at 11.62%.
LIPIX
- 1D
- 0.43%
- 1M
- 5.32%
- YTD
- 12.45%
- 6M
- 13.25%
- 1Y
- 28.60%
- 3Y*
- 20.09%
- 5Y*
- 10.56%
- 10Y*
- 11.99%
JLKYX
- 1D
- 0.48%
- 1M
- 5.49%
- YTD
- 12.94%
- 6M
- 13.74%
- 1Y
- 29.09%
- 3Y*
- 19.79%
- 5Y*
- 10.13%
- 10Y*
- 11.62%
LIPIX vs. JLKYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIPIX BlackRock LifePath Index 2050 Fund Institutional | 12.45% | 20.70% | 15.61% | 21.25% | -18.33% | 18.68% | 14.23% | 26.72% | -7.86% | 21.38% |
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio | 12.94% | 20.04% | 15.41% | 18.53% | -18.04% | 18.38% | 16.13% | 25.07% | -8.32% | 17.29% |
Correlation
The correlation between LIPIX and JLKYX is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2014 | 0.99 |
The correlation between LIPIX and JLKYX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
LIPIX vs. JLKYX — Risk / Return Rank
LIPIX
JLKYX
LIPIX vs. JLKYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2050 Fund Institutional (LIPIX) and John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX). 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.
| LIPIX | JLKYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.45 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.24 | -0.05 |
| Martin ratioReturn relative to average drawdown | 14.10 | 14.36 | -0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LIPIX | JLKYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.46 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.67 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.72 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.65 | -0.02 |
Drawdowns
LIPIX vs. JLKYX - Drawdown Comparison
The maximum LIPIX drawdown since its inception was -34.29%, which is greater than JLKYX's maximum drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for LIPIX and JLKYX.
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Drawdown Indicators
| LIPIX | JLKYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -32.55% | -1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -9.16% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -15.98% | -16.11% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.39% | -25.75% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -34.29% | -32.55% | -1.74% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -4.66% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.06% | -0.01% |
Volatility
LIPIX vs. JLKYX - Volatility Comparison
BlackRock LifePath Index 2050 Fund Institutional (LIPIX) has a higher volatility of 3.76% compared to John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) at 3.55%. This indicates that LIPIX's price experiences larger fluctuations and is considered to be riskier than JLKYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIPIX | JLKYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 3.55% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 9.59% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 12.05% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 15.21% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 16.21% | +0.30% |
LIPIX vs. JLKYX - Expense Ratio Comparison
LIPIX has a 0.14% expense ratio, which is higher than JLKYX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LIPIX vs. JLKYX - Dividend Comparison
LIPIX's dividend yield for the trailing twelve months is around 2.47%, less than JLKYX's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio | 3.19% | 3.61% | 1.77% | 2.16% | 8.08% | 5.71% | 3.88% | 8.54% | 10.69% | 4.33% | 3.23% | 1.75% |
LIPIX BlackRock LifePath Index 2050 Fund Institutional | 2.47% | 2.77% | 2.45% | 2.10% | 2.03% | 2.15% | 1.08% | 3.29% | 2.37% | 2.31% | 1.57% | 3.12% |
Frequently Asked Questions
With a correlation of 0.99, LIPIX and JLKYX 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.
LIPIX has higher volatility (3.76%) compared to JLKYX (3.55%). In terms of maximum drawdown, LIPIX dropped -34.29% vs JLKYX's -32.55%.
JLKYX currently has the higher Sharpe Ratio (2.46 vs 2.42), 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.
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