TLTIX vs. JRLVX

Last updated Jun 3, 2026

TLTIX (TIAA-CREF Lifecycle Index 2010 Fund) and JRLVX (John Hancock Funds Multi-Index 2045 Lifetime Portfolio) are both Target Retirement Date funds. Over the past 10 years, TLTIX returned 6.23%/yr vs 11.31%/yr for JRLVX. Their correlation of 0.92 suggests significant overlap in exposure. TLTIX charges 0.10%/yr vs 0.01%/yr for JRLVX.

Performance

TLTIX vs. JRLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Lifecycle Index 2010 Fund (TLTIX) and John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTIX achieves a 4.96% return, which is significantly lower than JRLVX's 11.84% return. Over the past 10 years, TLTIX has underperformed JRLVX with an annualized return of 6.23%, while JRLVX has yielded a comparatively higher 11.31% annualized return.

TLTIX

• 1D: 0.11%
• 1M: 1.87%
• YTD: 4.96%
• 6M: 5.41%
• 1Y: 13.41%
• 3Y*: 10.17%
• 5Y*: 4.71%
• 10Y*: 6.23%

JRLVX

• 1D: 0.27%
• 1M: 4.21%
• YTD: 11.84%
• 6M: 13.03%
• 1Y: 27.45%
• 3Y*: 18.73%
• 5Y*: 9.39%
• 10Y*: 11.31%

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

TLTIX vs. JRLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TLTIX TIAA-CREF Lifecycle Index 2010 Fund	4.96%	12.10%	7.39%	11.41%	-13.25%	6.94%	11.97%	15.58%	-2.88%	9.02%
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio	11.84%	19.25%	14.50%	18.00%	-18.06%	18.45%	16.23%	25.03%	-8.29%	17.40%

Correlation

The correlation between TLTIX and JRLVX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 11, 2013	0.92

The correlation between TLTIX and JRLVX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

TLTIX vs. JRLVX — Risk / Return Rank

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

TLTIX

TLTIX Risk / Return Rank: 76
TLTIX Sharpe Ratio Rank: 79
TLTIX Sortino Ratio Rank: 79
TLTIX Omega Ratio Rank: 77
TLTIX Calmar Ratio Rank: 70
TLTIX Martin Ratio Rank: 77

JRLVX

JRLVX Risk / Return Rank: 72
JRLVX Sharpe Ratio Rank: 75
JRLVX Sortino Ratio Rank: 68
JRLVX Omega Ratio Rank: 67
JRLVX Calmar Ratio Rank: 72
JRLVX Martin Ratio Rank: 78

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.

TLTIX vs. JRLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2010 Fund (TLTIX) 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.

	TLTIX	JRLVX	Difference
Sharpe ratio Return per unit of total volatility	2.59	2.50	+0.09
Sortino ratio Return per unit of downside risk	3.76	3.45	+0.31
Omega ratio Gain probability vs. loss probability	1.51	1.46	+0.05
Calmar ratio Return relative to maximum drawdown	3.23	3.30	-0.08
Martin ratio Return relative to average drawdown	14.48	14.67	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLTIX vs. JRLVX - Sharpe Ratio Comparison

The current TLTIX Sharpe Ratio is 2.59, which is comparable to the JRLVX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of TLTIX and JRLVX, 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

	TLTIX	JRLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.50	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.64	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.71	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.65	+0.23

Drawdowns

TLTIX vs. JRLVX - Drawdown Comparison

The maximum TLTIX drawdown since its inception was -18.15%, smaller than the maximum JRLVX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for TLTIX and JRLVX.

Drawdown Indicators

	TLTIX	JRLVX	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-32.53%	+14.38%
Max Drawdown (1Y) Largest decline over 1 year	-4.32%	-8.50%	+4.18%
Max Drawdown (3Y) Largest decline over 3 years	-9.76%	-15.27%	+5.51%
Max Drawdown (5Y) Largest decline over 5 years	-18.15%	-25.64%	+7.49%
Max Drawdown (10Y) Largest decline over 10 years	-18.15%	-32.53%	+14.38%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.60%	-4.56%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.91%	-0.95%

Volatility

TLTIX vs. JRLVX - Volatility Comparison

The current volatility for TIAA-CREF Lifecycle Index 2010 Fund (TLTIX) is 1.80%, while John Hancock Funds Multi-Index 2045 Lifetime Portfolio (JRLVX) has a volatility of 3.33%. This indicates that TLTIX 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.

Volatility by Period

	TLTIX	JRLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.80%	3.33%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	4.27%	8.96%	-4.69%
Volatility (1Y) Calculated over the trailing 1-year period	5.26%	11.28%	-6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.92%	14.77%	-6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.55%	15.99%	-8.44%

TLTIX vs. JRLVX - Expense Ratio Comparison

TLTIX has a 0.10% expense ratio, which is higher than JRLVX'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

TLTIX vs. JRLVX - Dividend Comparison

TLTIX's dividend yield for the trailing twelve months is around 6.14%, more than JRLVX's 3.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JRLVX John Hancock Funds Multi-Index 2045 Lifetime Portfolio	3.18%	3.55%	1.89%	2.24%	8.03%	6.00%	4.26%	8.99%	10.96%	4.29%	3.40%	1.90%
TLTIX TIAA-CREF Lifecycle Index 2010 Fund	6.14%	6.44%	6.57%	3.44%	3.48%	4.81%	2.36%	2.34%	3.11%	0.18%	2.29%	0.23%

Frequently Asked Questions

Can I hold both TLTIX and JRLVX in my portfolio?

With a correlation of 0.93, TLTIX 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.

Which is riskier, TLTIX or JRLVX?

JRLVX has higher volatility (3.33%) compared to TLTIX (1.80%). In terms of maximum drawdown, TLTIX dropped -18.15% vs JRLVX's -32.53%.

Which has better risk-adjusted returns?

TLTIX currently has the higher Sharpe Ratio (2.59 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.