JHAC vs. ONEQ
Compare and contrast key facts about John Hancock Fundamental All Cap Core ETF (JHAC) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
JHAC and ONEQ 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. ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHAC or ONEQ.
Correlation
The correlation between JHAC and ONEQ is 0.82, 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.
Performance
JHAC vs. ONEQ - Performance Comparison
Key characteristics
JHAC:
1.52
ONEQ:
1.56
JHAC:
2.11
ONEQ:
2.08
JHAC:
1.27
ONEQ:
1.28
JHAC:
2.50
ONEQ:
2.15
JHAC:
8.84
ONEQ:
7.79
JHAC:
2.58%
ONEQ:
3.65%
JHAC:
15.01%
ONEQ:
18.28%
JHAC:
-9.13%
ONEQ:
-55.09%
JHAC:
-3.63%
ONEQ:
-0.75%
Returns By Period
In the year-to-date period, JHAC achieves a 1.05% return, which is significantly lower than ONEQ's 3.66% return.
JHAC
1.05%
0.41%
8.00%
20.80%
N/A
N/A
ONEQ
3.66%
2.64%
13.75%
26.55%
16.73%
16.30%
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JHAC vs. ONEQ - Expense Ratio Comparison
JHAC has a 0.72% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
JHAC vs. ONEQ — Risk-Adjusted Performance Rank
JHAC
ONEQ
JHAC vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Fundamental All Cap Core ETF (JHAC) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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.
Dividends
JHAC vs. ONEQ - Dividend Comparison
JHAC's dividend yield for the trailing twelve months is around 0.65%, more than ONEQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHAC John Hancock Fundamental All Cap Core ETF | 0.65% | 0.66% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.63% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% |
Drawdowns
JHAC vs. ONEQ - Drawdown Comparison
The maximum JHAC drawdown since its inception was -9.13%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for JHAC and ONEQ. For additional features, visit the drawdowns tool.
Volatility
JHAC vs. ONEQ - Volatility Comparison
The current volatility for John Hancock Fundamental All Cap Core ETF (JHAC) is 4.14%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 5.49%. This indicates that JHAC experiences smaller price fluctuations and is considered to be less risky than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.