PVQNX vs. JLKYX
PVQNX (PIMCO RealPath Blend 2045 Fund) and JLKYX (John Hancock Funds Multi-Index 2055 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, PVQNX returned 11.14%/yr vs 11.51%/yr for JLKYX. With a 0.98 correlation, they move nearly in lockstep. PVQNX charges 0.06%/yr vs 0.01%/yr for JLKYX.
Performance
PVQNX vs. JLKYX - Performance Comparison
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Returns By Period
In the year-to-date period, PVQNX achieves a 11.13% return, which is significantly lower than JLKYX's 12.46% return. Both investments have delivered pretty close results over the past 10 years, with PVQNX having a 11.14% annualized return and JLKYX not far ahead at 11.51%.
PVQNX
- 1D
- 0.25%
- 1M
- 1.73%
- YTD
- 11.13%
- 6M
- 11.67%
- 1Y
- 26.06%
- 3Y*
- 18.14%
- 5Y*
- 9.42%
- 10Y*
- 11.14%
JLKYX
- 1D
- 0.32%
- 1M
- 2.21%
- YTD
- 12.46%
- 6M
- 12.87%
- 1Y
- 28.54%
- 3Y*
- 19.72%
- 5Y*
- 9.85%
- 10Y*
- 11.51%
PVQNX vs. JLKYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PVQNX PIMCO RealPath Blend 2045 Fund | 11.13% | 19.82% | 13.19% | 19.01% | -17.27% | 17.71% | 13.93% | 24.43% | -7.44% | 19.64% |
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio | 12.46% | 20.04% | 15.41% | 18.53% | -18.04% | 18.38% | 16.13% | 25.07% | -8.32% | 17.29% |
Correlation
The correlation between PVQNX 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 | 0.98 |
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 Jan 5, 2015 | 0.98 |
The correlation between PVQNX and JLKYX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
PVQNX vs. JLKYX — Risk / Return Rank
PVQNX
JLKYX
PVQNX vs. JLKYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend 2045 Fund (PVQNX) 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.
| PVQNX | JLKYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.43 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 3.10 | +0.05 |
| Martin ratioReturn relative to average drawdown | 14.15 | 13.76 | +0.39 |
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
| PVQNX | JLKYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 2.35 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.65 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.71 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.65 | +0.05 |
Drawdowns
PVQNX vs. JLKYX - Drawdown Comparison
The maximum PVQNX drawdown since its inception was -30.68%, smaller than the maximum JLKYX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for PVQNX and JLKYX.
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Drawdown Indicators
| PVQNX | JLKYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -32.55% | +1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -9.16% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -13.61% | -16.11% | +2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.30% | -25.75% | +0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -32.55% | +1.87% |
Current DrawdownCurrent decline from peak | -0.45% | -0.42% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -4.66% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.06% | -0.23% |
Volatility
PVQNX vs. JLKYX - Volatility Comparison
The current volatility for PIMCO RealPath Blend 2045 Fund (PVQNX) is 3.17%, while John Hancock Funds Multi-Index 2055 Lifetime Portfolio (JLKYX) has a volatility of 3.56%. This indicates that PVQNX 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.
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Volatility by Period
| PVQNX | JLKYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 3.56% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.26% | 9.61% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 12.08% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.54% | 15.21% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 16.20% | -1.96% |
PVQNX vs. JLKYX - Expense Ratio Comparison
PVQNX has a 0.06% 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
PVQNX vs. JLKYX - Dividend Comparison
PVQNX's dividend yield for the trailing twelve months is around 4.06%, more than JLKYX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLKYX John Hancock Funds Multi-Index 2055 Lifetime Portfolio | 3.21% | 3.61% | 1.77% | 2.16% | 8.08% | 5.71% | 3.88% | 8.54% | 10.69% | 4.33% | 3.23% | 1.75% |
PVQNX PIMCO RealPath Blend 2045 Fund | 4.06% | 4.23% | 4.22% | 2.37% | 2.62% | 5.08% | 1.41% | 3.82% | 6.65% | 2.10% | 2.43% | 2.18% |
Frequently Asked Questions
With a correlation of 0.99, PVQNX 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.
JLKYX has higher volatility (3.56%) compared to PVQNX (3.17%). In terms of maximum drawdown, PVQNX dropped -30.68% vs JLKYX's -32.55%.
PVQNX currently has the higher Sharpe Ratio (2.51 vs 2.35), 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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