JHAC vs. GXLC

Last updated Jun 24, 2026

JHAC (John Hancock Fundamental All Cap Core ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. JHAC is actively managed, while GXLC is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. JHAC charges 0.72%/yr vs 0.02%/yr for GXLC.

Performance

JHAC vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Fundamental All Cap Core ETF (JHAC) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHAC achieves a -4.18% return, which is significantly lower than GXLC's 8.31% return.

JHAC

• 1D: -0.95%
• 1M: -3.16%
• YTD: -4.18%
• 6M: -6.35%
• 1Y: 2.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXLC

• 1D: -1.32%
• 1M: -1.12%
• YTD: 8.31%
• 6M: 7.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHAC vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
JHAC John Hancock Fundamental All Cap Core ETF	-4.18%	-1.91%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between JHAC and GXLC is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.85

Return for Risk

JHAC vs. GXLC — Risk / Return Rank

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

JHAC

JHAC Risk / Return Rank: 11
JHAC Sharpe Ratio Rank: 12
JHAC Sortino Ratio Rank: 10
JHAC Omega Ratio Rank: 11
JHAC Calmar Ratio Rank: 11
JHAC Martin Ratio Rank: 11

GXLC

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

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.

JHAC vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Fundamental All Cap Core ETF (JHAC) and Global X U.S. 500 ETF (GXLC). 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.

	JHAC	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	0.22	—	—
Sortino ratio: Return per unit of downside risk	0.39	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.20	—	—
Martin ratio: Return relative to average drawdown	0.59	—	—

Drawdowns

JHAC vs. GXLC - Drawdown Comparison

The maximum JHAC drawdown since its inception was -24.43%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for JHAC and GXLC.

Drawdown Indicators

	JHAC	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-24.43%	-9.08%	-15.35%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	—	—
Current Drawdown Current decline from peak	-7.74%	-3.05%	-4.69%
Average Drawdown Average peak-to-trough decline	-3.94%	-1.54%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	—	—

Volatility

Volatility by Period

	JHAC	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	13.85%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	13.85%	+3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	13.85%	+3.56%

JHAC vs. GXLC - Expense Ratio Comparison

JHAC has a 0.72% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

JHAC vs. GXLC - Dividend Comparison

JHAC's dividend yield for the trailing twelve months is around 0.60%, less than GXLC's 0.65% yield.

Position	TTM	2025	2024	2023
GXLC Global X U.S. 500 ETF	0.65%	0.30%	0.00%	0.00%
JHAC John Hancock Fundamental All Cap Core ETF	0.60%	0.58%	0.66%	0.17%

Frequently Asked Questions

Can I hold both JHAC and GXLC in my portfolio?

JHAC and GXLC have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHAC or GXLC?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHAC or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.72% for JHAC.

Which ETF pays a higher dividend yield, JHAC or GXLC?

GXLC has the higher dividend yield at 0.65%, compared with 0.60% for JHAC.

What is the main difference between JHAC and GXLC?

They also come from different issuers: John Hancock and Global X. Their fees differ too: 0.72% for JHAC and 0.02% for GXLC.