JDVL vs. ELCV

Last updated Jun 6, 2026

JDVL (John Hancock Disciplined Value Select ETF) and ELCV (Eventide High Dividend ETF) are both Large Cap Value Equities funds. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. JDVL charges 0.56%/yr vs 0.49%/yr for ELCV.

Performance

JDVL vs. ELCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Disciplined Value Select ETF (JDVL) and Eventide High Dividend ETF (ELCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDVL achieves a 12.39% return, which is significantly lower than ELCV's 19.19% return.

JDVL

• 1D: -3.31%
• 1M: 1.71%
• YTD: 12.39%
• 6M: 13.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ELCV

• 1D: -2.26%
• 1M: 1.48%
• YTD: 19.19%
• 6M: 17.91%
• 1Y: 29.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JDVL vs. ELCV - Yearly Performance Comparison

	2026 (YTD)	2025
JDVL John Hancock Disciplined Value Select ETF	12.39%	10.04%
ELCV Eventide High Dividend ETF	19.19%	3.41%

Correlation

The correlation between JDVL and ELCV is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025	0.77

Return for Risk

JDVL vs. ELCV — Risk / Return Rank

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

ELCV

ELCV Risk / Return Rank: 86
ELCV Sharpe Ratio Rank: 83
ELCV Sortino Ratio Rank: 82
ELCV Omega Ratio Rank: 80
ELCV Calmar Ratio Rank: 92
ELCV Martin Ratio Rank: 91

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.

JDVL vs. ELCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value Select ETF (JDVL) and Eventide High Dividend ETF (ELCV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JDVL	ELCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.09	1.06	+1.04

Drawdowns

JDVL vs. ELCV - Drawdown Comparison

The maximum JDVL drawdown since its inception was -9.17%, smaller than the maximum ELCV drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for JDVL and ELCV.

Drawdown Indicators

	JDVL	ELCV	Difference
Max Drawdown Largest peak-to-trough decline	-9.17%	-18.38%	+9.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.05%	—
Current Drawdown Current decline from peak	-3.31%	-2.26%	-1.05%
Average Drawdown Average peak-to-trough decline	-1.30%	-3.74%	+2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.43%	—

Volatility

Volatility by Period

	JDVL	ELCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	11.67%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	15.45%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.97%	15.45%	-1.48%

JDVL vs. ELCV - Expense Ratio Comparison

JDVL has a 0.56% expense ratio, which is higher than ELCV's 0.49% expense ratio.

Dividends

JDVL vs. ELCV - Dividend Comparison

JDVL's dividend yield for the trailing twelve months is around 1.52%, less than ELCV's 1.79% yield.

Position	TTM	2025	2024
ELCV Eventide High Dividend ETF	1.79%	2.34%	0.29%
JDVL John Hancock Disciplined Value Select ETF	1.52%	1.71%	0.00%

Frequently Asked Questions

Can I hold both JDVL and ELCV in my portfolio?

JDVL and ELCV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JDVL or ELCV?

On fees, ELCV is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JDVL or ELCV?

ELCV is cheaper with a 0.49% expense ratio, compared with 0.56% for JDVL.

Which ETF pays a higher dividend yield, JDVL or ELCV?

ELCV has the higher dividend yield at 1.79%, compared with 1.52% for JDVL.

What is the main difference between JDVL and ELCV?

They also come from different issuers: John Hancock and Eventide. Their fees differ too: 0.56% for JDVL and 0.49% for ELCV.