CVIE vs. JHID

Last updated Jun 4, 2026

CVIE (Calvert International Responsible Index ETF) and JHID (John Hancock International High Dividend ETF) are both Foreign Large Cap Equities funds. CVIE is passively managed, while JHID is actively managed. Over the past 3 years, CVIE returned 21.42%/yr vs 22.22%/yr for JHID. Their correlation of 0.90 suggests significant overlap in exposure. CVIE charges 0.18%/yr vs 0.46%/yr for JHID.

Performance

CVIE vs. JHID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert International Responsible Index ETF (CVIE) and John Hancock International High Dividend ETF (JHID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVIE achieves a 18.93% return, which is significantly higher than JHID's 12.92% return.

CVIE

• 1D: -0.67%
• 1M: 8.07%
• YTD: 18.93%
• 6M: 22.19%
• 1Y: 36.65%
• 3Y*: 21.42%
• 5Y*: —
• 10Y*: —

JHID

• 1D: -0.86%
• 1M: 2.56%
• YTD: 12.92%
• 6M: 16.07%
• 1Y: 33.07%
• 3Y*: 22.22%
• 5Y*: —
• 10Y*: —

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

CVIE vs. JHID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CVIE Calvert International Responsible Index ETF	18.93%	33.23%	5.37%	8.48%
JHID John Hancock International High Dividend ETF	12.92%	41.47%	3.62%	7.25%

Correlation

The correlation between CVIE and JHID is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.90

The correlation between CVIE and JHID has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

CVIE vs. JHID - Sectors Allocation Comparison

Sectors	CVIE	JHID
Financial Services	24.6%	28.1%
Technology	22.6%	8.8%
Industrials	16.7%	15.6%
Healthcare	7.9%	6.5%
Consumer Cyclical	6.7%	4.8%
Basic Materials	6.2%	6.3%
Consumer Defensive	5.6%	8.5%
Communication Services	3.9%	2.7%
Utilities	3.1%	6.1%
Real Estate	1.6%	6.1%
Energy	1.1%	6.6%

Return for Risk

CVIE vs. JHID — Risk / Return Rank

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

CVIE

CVIE Risk / Return Rank: 64
CVIE Sharpe Ratio Rank: 66
CVIE Sortino Ratio Rank: 65
CVIE Omega Ratio Rank: 65
CVIE Calmar Ratio Rank: 59
CVIE Martin Ratio Rank: 64

JHID

JHID Risk / Return Rank: 80
JHID Sharpe Ratio Rank: 81
JHID Sortino Ratio Rank: 81
JHID Omega Ratio Rank: 80
JHID Calmar Ratio Rank: 78
JHID Martin Ratio Rank: 79

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.

CVIE vs. JHID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert International Responsible Index ETF (CVIE) and John Hancock International High Dividend ETF (JHID). 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.

	CVIE	JHID	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.63	-0.41
Sortino ratio: Return per unit of downside risk	3.04	3.65	-0.61
Omega ratio: Gain probability vs. loss probability	1.40	1.47	-0.08
Calmar ratio: Return relative to maximum drawdown	2.90	3.95	-1.05
Martin ratio: Return relative to average drawdown	11.51	15.40	-3.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CVIE vs. JHID - Sharpe Ratio Comparison

The current CVIE Sharpe Ratio is 2.22, which is comparable to the JHID Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of CVIE and JHID, 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

	CVIE	JHID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.63	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	1.57	-0.29

Drawdowns

CVIE vs. JHID - Drawdown Comparison

The maximum CVIE drawdown since its inception was -13.52%, which is greater than JHID's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for CVIE and JHID.

Drawdown Indicators

	CVIE	JHID	Difference
Max Drawdown Largest peak-to-trough decline	-13.52%	-12.42%	-1.10%
Max Drawdown (1Y) Largest decline over 1 year	-12.71%	-8.42%	-4.29%
Max Drawdown (3Y) Largest decline over 3 years	-13.52%	-12.42%	-1.10%
Current Drawdown Current decline from peak	-0.67%	-1.54%	+0.87%
Average Drawdown Average peak-to-trough decline	-2.64%	-2.46%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.15%	+1.04%

Volatility

CVIE vs. JHID - Volatility Comparison

Calvert International Responsible Index ETF (CVIE) has a higher volatility of 6.14% compared to John Hancock International High Dividend ETF (JHID) at 3.98%. This indicates that CVIE's price experiences larger fluctuations and is considered to be riskier than JHID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVIE	JHID	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	3.98%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	10.38%	+3.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.60%	12.65%	+3.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	13.92%	+1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	13.92%	+1.47%

CVIE vs. JHID - Expense Ratio Comparison

CVIE has a 0.18% expense ratio, which is lower than JHID's 0.46% expense ratio.

Dividends

CVIE vs. JHID - Dividend Comparison

CVIE's dividend yield for the trailing twelve months is around 2.22%, less than JHID's 2.88% yield.

Position	TTM	2025	2024	2023
CVIE Calvert International Responsible Index ETF	2.22%	2.85%	2.78%	1.96%
JHID John Hancock International High Dividend ETF	2.88%	3.13%	5.15%	5.23%

Frequently Asked Questions

Can I hold both CVIE and JHID in my portfolio?

CVIE and JHID have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVIE or JHID?

CVIE has higher volatility (6.14%) compared to JHID (3.98%). In terms of maximum drawdown, CVIE dropped -13.52% vs JHID's -12.42%.

Which ETF is better, CVIE or JHID?

On 3-year performance, JHID leads with 22.22% vs 21.42% for CVIE. On fees, CVIE is cheaper at 0.18% per year. On volatility, JHID has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CVIE or JHID?

Over the 3-year period, JHID has performed better with a 22.22% return vs 21.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CVIE or JHID?

CVIE is cheaper with a 0.18% expense ratio, compared with 0.46% for JHID.

Which ETF pays a higher dividend yield, CVIE or JHID?

JHID has the higher dividend yield at 2.88%, compared with 2.22% for CVIE.

What is the main difference between CVIE and JHID?

They also come from different issuers: Calvert and John Hancock. Their fees differ too: 0.18% for CVIE and 0.46% for JHID.

Which has better risk-adjusted returns?

JHID currently has the higher Sharpe Ratio (2.63 vs 2.22), 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.