PLWIX vs. JRLVX
PLWIX (Principal LifeTime 2020 Fund) and JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, PLWIX returned 7.48%/yr vs 11.46%/yr for JRLVX. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.01% expense ratio.
Performance
PLWIX vs. JRLVX - Performance Comparison
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Returns By Period
In the year-to-date period, PLWIX achieves a 3.38% return, which is significantly lower than JRLVX's 9.88% return. Over the past 10 years, PLWIX has underperformed JRLVX with an annualized return of 7.48%, while JRLVX has yielded a comparatively higher 11.46% annualized return.
PLWIX
- 1D
- -0.71%
- 1M
- 0.08%
- YTD
- 3.38%
- 6M
- 3.04%
- 1Y
- 9.60%
- 3Y*
- 11.13%
- 5Y*
- 4.95%
- 10Y*
- 7.48%
JRLVX
- 1D
- -1.75%
- 1M
- -0.00%
- YTD
- 9.88%
- 6M
- 8.98%
- 1Y
- 22.43%
- 3Y*
- 17.73%
- 5Y*
- 8.88%
- 10Y*
- 11.46%
PLWIX vs. JRLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLWIX Principal LifeTime 2020 Fund | 3.38% | 11.32% | 12.21% | 12.23% | -14.36% | 9.05% | 12.70% | 18.40% | -5.72% | 14.96% |
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 9.88% | 19.25% | 14.50% | 18.00% | -18.06% | 18.45% | 16.23% | 25.03% | -8.29% | 17.40% |
Correlation
The correlation between PLWIX and JRLVX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.95 |
The correlation between PLWIX and JRLVX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
PLWIX vs. JRLVX — Risk / Return Rank
PLWIX
JRLVX
PLWIX vs. JRLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2020 Fund (PLWIX) and John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX). 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.
| PLWIX | JRLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.82 | -0.63 |
| Martin ratioReturn relative to average drawdown | 9.60 | 12.21 | -2.60 |
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Drawdowns
PLWIX vs. JRLVX - Drawdown Comparison
The maximum PLWIX drawdown since its inception was -49.07%, which is greater than JRLVX's maximum drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for PLWIX and JRLVX.
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Drawdown Indicators
| PLWIX | JRLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.07% | -32.53% | -16.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -8.50% | +3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | -15.27% | +8.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.73% | -25.64% | +5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -20.29% | -32.53% | +12.24% |
Current DrawdownCurrent decline from peak | -1.18% | -2.17% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -4.54% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.96% | -0.88% |
Volatility
PLWIX vs. JRLVX - Volatility Comparison
The current volatility for Principal LifeTime 2020 Fund (PLWIX) is 2.58%, while John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) has a volatility of 5.05%. This indicates that PLWIX experiences smaller price fluctuations and is considered to be less risky than JRLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLWIX | JRLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 5.05% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 5.26% | 10.01% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 12.10% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.30% | 14.90% | -6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.54% | 15.98% | -7.44% |
PLWIX vs. JRLVX - Expense Ratio Comparison
Both PLWIX and JRLVX 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
PLWIX vs. JRLVX - Dividend Comparison
PLWIX's dividend yield for the trailing twelve months is around 9.75%, more than JRLVX's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio | 3.23% | 3.55% | 1.89% | 2.24% | 8.03% | 6.00% | 4.26% | 8.99% | 10.96% | 4.29% | 3.40% | 1.90% |
PLWIX Principal LifeTime 2020 Fund | 9.75% | 10.08% | 11.91% | 5.12% | 9.82% | 9.40% | 5.90% | 8.69% | 7.35% | 5.74% | 3.73% | 8.75% |
Frequently Asked Questions
With a correlation of 0.94, PLWIX and JRLVX 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.
JRLVX has higher volatility (5.05%) compared to PLWIX (2.58%). In terms of maximum drawdown, PLWIX dropped -49.07% vs JRLVX's -32.53%.
JRLVX currently has the higher Sharpe Ratio (1.99 vs 1.66), 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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