EWO vs. JHID

Last updated Jun 13, 2026

EWO (iShares MSCI Austria ETF) and JHID (John Hancock International High Dividend ETF) are both exchange-traded funds - EWO is a Europe Equities fund tracking the MSCI Austria Investable Market Index, while JHID is a Foreign Large Cap Equities fund actively managed by John Hancock. EWO is passively managed, while JHID is actively managed. Over the past 3 years, EWO returned 33.19%/yr vs 21.55%/yr for JHID. A 0.79 correlation means they provide meaningful diversification when combined. EWO charges 0.49%/yr vs 0.46%/yr for JHID.

Performance

EWO vs. JHID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Austria ETF (EWO) 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, EWO achieves a 18.55% return, which is significantly higher than JHID's 14.44% return.

EWO

• 1D: 1.37%
• 1M: 6.75%
• YTD: 18.55%
• 6M: 23.71%
• 1Y: 48.35%
• 3Y*: 33.19%
• 5Y*: 15.56%
• 10Y*: 15.10%

JHID

• 1D: 0.45%
• 1M: 0.36%
• YTD: 14.44%
• 6M: 15.78%
• 1Y: 33.27%
• 3Y*: 21.55%
• 5Y*: —
• 10Y*: —

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

EWO vs. JHID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EWO iShares MSCI Austria ETF	18.55%	74.21%	4.05%	20.63%	2.26%
JHID John Hancock International High Dividend ETF	14.44%	41.47%	3.62%	19.47%	-0.42%

Correlation

The correlation between EWO and JHID is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Dec 21, 2022	0.79

The correlation between EWO and JHID has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

EWO vs. JHID - Sectors Allocation Comparison

Sectors	EWO	JHID
Financial Services	46.5%	28.1%
Industrials	14.3%	15.6%
Basic Materials	10.5%	6.3%
Energy	9.5%	6.6%
Utilities	6.4%	6.1%
Technology	5.6%	8.8%
Real Estate	4.0%	6.1%
Consumer Cyclical	1.7%	4.8%
Communication Services	-	2.7%
Consumer Defensive	-	8.5%
Healthcare	-	6.5%

Return for Risk

EWO vs. JHID — Risk / Return Rank

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

EWO

EWO Risk / Return Rank: 79
EWO Sharpe Ratio Rank: 86
EWO Sortino Ratio Rank: 85
EWO Omega Ratio Rank: 79
EWO Calmar Ratio Rank: 74
EWO Martin Ratio Rank: 69

JHID

JHID Risk / Return Rank: 84
JHID Sharpe Ratio Rank: 86
JHID Sortino Ratio Rank: 86
JHID Omega Ratio Rank: 84
JHID Calmar Ratio Rank: 81
JHID Martin Ratio Rank: 83

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.

EWO vs. JHID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Austria ETF (EWO) 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.

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.

	EWO	JHID	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.47	-0.06
Sortino ratio: Return per unit of downside risk	3.35	3.44	-0.09
Omega ratio: Gain probability vs. loss probability	1.41	1.44	-0.04
Calmar ratio: Return relative to maximum drawdown	3.28	3.83	-0.55
Martin ratio: Return relative to average drawdown	11.10	14.82	-3.72

EWO vs. JHID - Sharpe Ratio Comparison

The current EWO Sharpe Ratio is 2.41, which is comparable to the JHID Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of EWO 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.

Drawdowns

EWO vs. JHID - Drawdown Comparison

The maximum EWO drawdown since its inception was -75.69%, which is greater than JHID's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for EWO and JHID.

Drawdown Indicators

	EWO	JHID	Difference
Max Drawdown Largest peak-to-trough decline	-75.69%	-12.42%	-63.27%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-8.42%	-5.66%
Max Drawdown (3Y) Largest decline over 3 years	-16.75%	-12.42%	-4.33%
Max Drawdown (5Y) Largest decline over 5 years	-41.82%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-58.10%	—	—
Current Drawdown Current decline from peak	0.00%	-0.21%	+0.21%
Average Drawdown Average peak-to-trough decline	-28.10%	-2.45%	-25.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	2.18%	+1.98%

Volatility

EWO vs. JHID - Volatility Comparison

iShares MSCI Austria ETF (EWO) has a higher volatility of 7.31% compared to John Hancock International High Dividend ETF (JHID) at 4.46%. This indicates that EWO'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

	EWO	JHID	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.31%	4.46%	+2.85%
Volatility (6M) Calculated over the trailing 6-month period	15.88%	10.86%	+5.02%
Volatility (1Y) Calculated over the trailing 1-year period	19.19%	13.06%	+6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.95%	13.97%	+7.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.88%	13.97%	+8.91%

EWO vs. JHID - Expense Ratio Comparison

EWO has a 0.49% expense ratio, which is higher than JHID's 0.46% expense ratio.

Dividends

EWO vs. JHID - Dividend Comparison

EWO's dividend yield for the trailing twelve months is around 2.01%, less than JHID's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EWO iShares MSCI Austria ETF	2.01%	2.38%	7.40%	5.66%	4.75%	2.42%	0.98%	3.11%	4.04%	2.03%	1.99%	1.51%
JHID John Hancock International High Dividend ETF	2.85%	3.13%	5.15%	5.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EWO and JHID in my portfolio?

EWO and JHID have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EWO or JHID?

EWO has higher volatility (7.31%) compared to JHID (4.46%). In terms of maximum drawdown, EWO dropped -75.69% vs JHID's -12.42%.

Which ETF is better, EWO or JHID?

On 3-year performance, EWO leads with 33.19% vs 21.55% for JHID. On fees, JHID is cheaper at 0.46% per year. On volatility, JHID has been the lower-risk option at 4.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EWO or JHID?

Over the 3-year period, EWO has performed better with a 33.19% return vs 21.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EWO or JHID?

JHID is cheaper with a 0.46% expense ratio, compared with 0.49% for EWO.

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

JHID has the higher dividend yield at 2.85%, compared with 2.01% for EWO.

What is the main difference between EWO and JHID?

EWO is categorized as Europe Equities, while JHID is Foreign Large Cap Equities. They also come from different issuers: iShares and John Hancock. Their fees differ too: 0.49% for EWO and 0.46% for JHID.

Which has better risk-adjusted returns?

JHID currently has the higher Sharpe Ratio (2.47 vs 2.41), 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.