LTRIX vs. JLKYX

Last updated Jun 25, 2026

LTRIX (Principal LifeTime 2045 Fund) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, LTRIX returned 11.15%/yr vs 11.70%/yr for JLKYX. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.01% expense ratio.

Performance

LTRIX vs. JLKYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime 2045 Fund (LTRIX) and John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LTRIX achieves a 6.10% return, which is significantly lower than JLKYX's 10.33% return. Both investments have delivered pretty close results over the past 10 years, with LTRIX having a 11.15% annualized return and JLKYX not far ahead at 11.70%.

LTRIX

• 1D: -1.58%
• 1M: -0.25%
• YTD: 6.10%
• 6M: 5.34%
• 1Y: 15.86%
• 3Y*: 16.55%
• 5Y*: 8.00%
• 10Y*: 11.15%

JLKYX

• 1D: -1.90%
• 1M: 0.00%
• YTD: 10.33%
• 6M: 9.35%
• 1Y: 23.59%
• 3Y*: 18.56%
• 5Y*: 9.39%
• 10Y*: 11.70%

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

LTRIX vs. JLKYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LTRIX Principal LifeTime 2045 Fund	6.10%	16.69%	16.90%	19.40%	-18.51%	16.55%	16.33%	25.81%	-8.34%	21.38%
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	10.33%	20.04%	15.41%	18.53%	-18.04%	18.38%	16.13%	25.07%	-8.32%	17.29%

Correlation

The correlation between LTRIX and JLKYX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Mar 27, 2014	0.98

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

Return for Risk

LTRIX vs. JLKYX — Risk / Return Rank

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

LTRIX

LTRIX Risk / Return Rank: 37
LTRIX Sharpe Ratio Rank: 33
LTRIX Sortino Ratio Rank: 33
LTRIX Omega Ratio Rank: 34
LTRIX Calmar Ratio Rank: 37
LTRIX Martin Ratio Rank: 49

JLKYX

JLKYX Risk / Return Rank: 58
JLKYX Sharpe Ratio Rank: 56
JLKYX Sortino Ratio Rank: 52
JLKYX Omega Ratio Rank: 54
JLKYX Calmar Ratio Rank: 60
JLKYX Martin Ratio Rank: 68

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.

LTRIX vs. JLKYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2045 Fund (LTRIX) 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.

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.

	LTRIX	JLKYX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.96	-0.44
Sortino ratio: Return per unit of downside risk	2.14	2.67	-0.53
Omega ratio: Gain probability vs. loss probability	1.28	1.36	-0.08
Calmar ratio: Return relative to maximum drawdown	2.15	2.76	-0.60
Martin ratio: Return relative to average drawdown	9.42	11.91	-2.49

LTRIX vs. JLKYX - Sharpe Ratio Comparison

The current LTRIX Sharpe Ratio is 1.51, which is comparable to the JLKYX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of LTRIX and JLKYX, 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

LTRIX vs. JLKYX - Drawdown Comparison

The maximum LTRIX drawdown since its inception was -51.39%, which is greater than JLKYX's maximum drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for LTRIX and JLKYX.

Drawdown Indicators

	LTRIX	JLKYX	Difference
Max Drawdown Largest peak-to-trough decline	-51.39%	-32.55%	-18.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-9.16%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-14.47%	-16.11%	+1.64%
Max Drawdown (5Y) Largest decline over 5 years	-26.25%	-25.75%	-0.50%
Max Drawdown (10Y) Largest decline over 10 years	-31.56%	-32.55%	+0.99%
Current Drawdown Current decline from peak	-2.41%	-2.31%	-0.10%
Average Drawdown Average peak-to-trough decline	-7.18%	-4.64%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	2.11%	-0.28%

Volatility

LTRIX vs. JLKYX - Volatility Comparison

The current volatility for Principal LifeTime 2045 Fund (LTRIX) is 4.65%, while John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) has a volatility of 5.37%. This indicates that LTRIX experiences smaller price fluctuations and is considered to be less risky than JLKYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LTRIX	JLKYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	5.37%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	9.52%	10.70%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	11.46%	12.92%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	15.36%	-0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	16.21%	-1.41%

LTRIX vs. JLKYX - Expense Ratio Comparison

Both LTRIX and JLKYX have an expense ratio of 0.01%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LTRIX vs. JLKYX - Dividend Comparison

LTRIX's dividend yield for the trailing twelve months is around 8.77%, more than JLKYX's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio	3.27%	3.61%	1.77%	2.16%	8.08%	5.71%	3.88%	8.54%	10.69%	4.33%	3.23%	1.75%
LTRIX Principal LifeTime 2045 Fund	8.77%	9.31%	9.40%	4.25%	8.71%	6.75%	4.62%	6.93%	7.50%	4.57%	4.48%	5.42%

Frequently Asked Questions

Can I hold both LTRIX and JLKYX in my portfolio?

With a correlation of 0.97, LTRIX 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.

Which is riskier, LTRIX or JLKYX?

JLKYX has higher volatility (5.37%) compared to LTRIX (4.65%). In terms of maximum drawdown, LTRIX dropped -51.39% vs JLKYX's -32.55%.

Which has better risk-adjusted returns?

JLKYX currently has the higher Sharpe Ratio (1.96 vs 1.51), 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.