Correlation
The correlation between JHAC and AVGE is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
JHAC vs. AVGE
Compare and contrast key facts about John Hancock Fundamental All Cap Core ETF (JHAC) and Avantis All Equity Markets ETF (AVGE).
JHAC and AVGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHAC is an actively managed fund by John Hancock. It was launched on Nov 1, 2023. AVGE is a passively managed fund by Avantis that tracks the performance of the MSCI AC World IMI. It was launched on Sep 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHAC or AVGE.
Performance
JHAC vs. AVGE - Performance Comparison
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Key characteristics
JHAC:
0.30
AVGE:
0.55
JHAC:
0.47
AVGE:
0.82
JHAC:
1.07
AVGE:
1.12
JHAC:
0.20
AVGE:
0.52
JHAC:
0.64
AVGE:
2.15
JHAC:
7.72%
AVGE:
4.16%
JHAC:
22.36%
AVGE:
17.90%
JHAC:
-24.43%
AVGE:
-17.13%
JHAC:
-10.23%
AVGE:
-1.70%
Returns By Period
In the year-to-date period, JHAC achieves a -5.87% return, which is significantly lower than AVGE's 3.22% return.
JHAC
-5.87%
6.18%
-9.16%
5.85%
N/A
N/A
N/A
AVGE
3.22%
5.55%
-1.40%
8.83%
N/A
N/A
N/A
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JHAC vs. AVGE - Expense Ratio Comparison
JHAC has a 0.72% expense ratio, which is higher than AVGE's 0.23% expense ratio.
Risk-Adjusted Performance
JHAC vs. AVGE — Risk-Adjusted Performance Rank
JHAC
AVGE
JHAC vs. AVGE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Fundamental All Cap Core ETF (JHAC) and Avantis All Equity Markets ETF (AVGE). 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.
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Dividends
JHAC vs. AVGE - Dividend Comparison
JHAC's dividend yield for the trailing twelve months is around 0.70%, less than AVGE's 1.86% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
JHAC John Hancock Fundamental All Cap Core ETF | 0.70% | 0.66% | 0.17% | 0.00% |
AVGE Avantis All Equity Markets ETF | 1.86% | 1.92% | 1.93% | 0.74% |
Drawdowns
JHAC vs. AVGE - Drawdown Comparison
The maximum JHAC drawdown since its inception was -24.43%, which is greater than AVGE's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for JHAC and AVGE.
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Volatility
JHAC vs. AVGE - Volatility Comparison
John Hancock Fundamental All Cap Core ETF (JHAC) has a higher volatility of 5.53% compared to Avantis All Equity Markets ETF (AVGE) at 4.11%. This indicates that JHAC's price experiences larger fluctuations and is considered to be riskier than AVGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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