IVLU vs. JHMD

Last updated Aug 4, 2026

IVLU (iShares MSCI International Value Factor ETF) and JHMD (John Hancock Multifactor Developed International ETF) are both Foreign Large Cap Equities funds - IVLU tracks the MSCI World ex USA Enhanced Value Index while JHMD tracks the John Hancock Dimensional Developed International Index. Both are passively managed. Over the past 5 years, IVLU returned 15.65%/yr vs 9.29%/yr for JHMD. Their correlation of 0.91 means they have usually moved in the same direction. IVLU charges 0.30%/yr vs 0.39%/yr for JHMD.

Performance

IVLU vs. JHMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI International Value Factor ETF (IVLU) and John Hancock Multifactor Developed International ETF (JHMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVLU achieves a 16.70% return, which is significantly higher than JHMD's 11.89% return.

IVLU

• 1D: 0.32%
• 1M: 3.19%
• 6M: 8.70%
• YTD: 16.70%
• 1Y: 37.44%
• 3Y*: 24.12%
• 5Y*: 15.65%
• 10Y*: 11.37%
• ALL TIME*: 8.80%

JHMD

• 1D: 0.35%
• 1M: 1.71%
• 6M: 6.06%
• YTD: 11.89%
• 1Y: 25.16%
• 3Y*: 17.29%
• 5Y*: 9.29%
• 10Y*: —
• ALL TIME*: 9.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVLU iShares MSCI International Value Factor ETF	$36.81M	$33.42M	$39.54M
JHMD John Hancock Multifactor Developed International ETF	$3.51M	$3.99M	$4.44M

IVLU vs. JHMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVLU iShares MSCI International Value Factor ETF	16.70%	46.09%	6.76%	20.07%	-5.73%	15.60%	-4.50%	15.60%	-15.10%	23.10%
JHMD John Hancock Multifactor Developed International ETF	11.89%	33.91%	1.78%	19.43%	-13.95%	11.83%	7.25%	19.83%	-14.54%	25.02%

Correlation

The correlation between IVLU and JHMD is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (All Time) Calculated using the full available price history since Dec 16, 2016	0.91

The correlation between IVLU and JHMD has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

IVLU vs. JHMD - Sectors Allocation Comparison

Sectors	IVLU	JHMD
Financial Services	29.4%	25.7%
Industrials	17.2%	19.3%
Healthcare	9.8%	9.1%
Technology	8.8%	8.9%
Basic Materials	7.2%	7.4%
Consumer Cyclical	7.1%	7.4%
Consumer Defensive	6.0%	7.3%
Energy	5.6%	3.3%
Utilities	3.6%	5.3%
Communication Services	3.4%	4.9%
Real Estate	1.4%	1.4%

Return for Risk

IVLU vs. JHMD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IVLU

IVLU Risk / Return Rank: 88
IVLU Sharpe Ratio Rank: 92
IVLU Sortino Ratio Rank: 91
IVLU Omega Ratio Rank: 90
IVLU Calmar Ratio Rank: 84
IVLU Martin Ratio Rank: 85

JHMD

JHMD Risk / Return Rank: 65
JHMD Sharpe Ratio Rank: 68
JHMD Sortino Ratio Rank: 69
JHMD Omega Ratio Rank: 66
JHMD Calmar Ratio Rank: 60
JHMD Martin Ratio Rank: 65

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IVLU vs. JHMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) and John Hancock Multifactor Developed International ETF (JHMD). 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.

	IVLU	JHMD	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.67	+0.74
Sortino ratio: Return per unit of downside risk	3.27	2.39	+0.88
Omega ratio: Gain probability vs. loss probability	1.43	1.30	+0.13
Calmar ratio: Return relative to maximum drawdown	3.22	2.25	+0.97
Martin ratio: Return relative to average drawdown	12.31	8.31	+4.00

IVLU vs. JHMD - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.41, which is higher than the JHMD Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of IVLU and JHMD, 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

IVLU vs. JHMD - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than JHMD's maximum drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for IVLU and JHMD.

Drawdown Indicators

	IVLU	JHMD	Difference
Max Drawdown Largest peak-to-trough decline	-41.85%	-35.67%	-6.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.69%	-11.23%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	-15.48%	-13.38%	-2.10%
Max Drawdown (5Y) Largest decline over 5 years	-26.04%	-29.38%	+3.34%
Max Drawdown (10Y) Largest decline over 10 years	-41.85%	—	—
Current Drawdown Current decline from peak	-0.23%	-0.28%	+0.05%
Average Drawdown Average peak-to-trough decline	-8.48%	-6.64%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	3.03%	+0.02%

Volatility

IVLU vs. JHMD - Volatility Comparison

iShares MSCI International Value Factor ETF (IVLU) has a higher volatility of 4.80% compared to John Hancock Multifactor Developed International ETF (JHMD) at 4.12%. This indicates that IVLU's price experiences larger fluctuations and is considered to be riskier than JHMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVLU	JHMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	4.12%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	13.35%	13.04%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.64%	15.20%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	16.37%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.39%	17.17%	+0.22%

IVLU vs. JHMD - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is lower than JHMD's 0.39% expense ratio.

Dividends

IVLU vs. JHMD - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.22%, more than JHMD's 2.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVLU iShares MSCI International Value Factor ETF	3.22%	3.71%	4.46%	4.69%	3.59%	3.47%	2.05%	3.53%	2.82%	2.87%	2.53%	0.93%
JHMD John Hancock Multifactor Developed International ETF	2.98%	3.19%	3.55%	3.01%	2.85%	3.22%	1.89%	3.19%	2.09%	2.27%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVLU and JHMD in my portfolio?

With a correlation of 0.94, IVLU and JHMD 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, IVLU or JHMD?

IVLU has higher volatility (4.80%) compared to JHMD (4.12%). In terms of maximum drawdown, IVLU dropped -41.85% vs JHMD's -35.67%.

Which ETF is better, IVLU or JHMD?

On 5-year performance, IVLU leads with 15.65% vs 9.29% for JHMD. On fees, IVLU is cheaper at 0.30% per year. On volatility, JHMD has been the lower-risk option at 4.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVLU or JHMD?

Over the 5-year period, IVLU has performed better with a 15.65% return vs 9.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVLU or JHMD?

IVLU is cheaper with a 0.30% expense ratio, compared with 0.39% for JHMD.

Which ETF pays a higher dividend yield, IVLU or JHMD?

IVLU has the higher dividend yield at 3.22%, compared with 2.98% for JHMD.

What is the main difference between IVLU and JHMD?

IVLU tracks MSCI World ex USA Enhanced Value Index, while JHMD tracks John Hancock Dimensional Developed International Index. They also come from different issuers: iShares and Manulife. Their fees differ too: 0.30% for IVLU and 0.39% for JHMD.

Which has better risk-adjusted returns?

IVLU currently has the higher Sharpe Ratio (2.41 vs 1.67), 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.