Correlation
The correlation between JHAC and SPLV is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
JHAC vs. SPLV
Compare and contrast key facts about John Hancock Fundamental All Cap Core ETF (JHAC) and Invesco S&P 500® Low Volatility ETF (SPLV).
JHAC and SPLV 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. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHAC or SPLV.
Performance
JHAC vs. SPLV - Performance Comparison
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Key characteristics
JHAC:
0.30
SPLV:
1.26
JHAC:
0.47
SPLV:
1.72
JHAC:
1.07
SPLV:
1.24
JHAC:
0.20
SPLV:
1.82
JHAC:
0.64
SPLV:
5.62
JHAC:
7.72%
SPLV:
2.94%
JHAC:
22.36%
SPLV:
13.29%
JHAC:
-24.43%
SPLV:
-36.26%
JHAC:
-10.23%
SPLV:
-1.66%
Returns By Period
In the year-to-date period, JHAC achieves a -5.88% return, which is significantly lower than SPLV's 5.74% return.
JHAC
-5.88%
7.14%
-9.16%
6.61%
N/A
N/A
N/A
SPLV
5.74%
1.04%
-0.97%
16.67%
6.50%
10.23%
9.31%
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JHAC vs. SPLV - Expense Ratio Comparison
JHAC has a 0.72% expense ratio, which is higher than SPLV's 0.25% expense ratio.
Risk-Adjusted Performance
JHAC vs. SPLV — Risk-Adjusted Performance Rank
JHAC
SPLV
JHAC vs. SPLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Fundamental All Cap Core ETF (JHAC) and Invesco S&P 500® Low Volatility ETF (SPLV). 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. SPLV - Dividend Comparison
JHAC's dividend yield for the trailing twelve months is around 0.70%, less than SPLV's 1.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHAC John Hancock Fundamental All Cap Core ETF | 0.70% | 0.66% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLV Invesco S&P 500® Low Volatility ETF | 1.73% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% | 2.20% |
Drawdowns
JHAC vs. SPLV - Drawdown Comparison
The maximum JHAC drawdown since its inception was -24.43%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for JHAC and SPLV.
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Volatility
JHAC vs. SPLV - Volatility Comparison
John Hancock Fundamental All Cap Core ETF (JHAC) has a higher volatility of 5.53% compared to Invesco S&P 500® Low Volatility ETF (SPLV) at 3.67%. This indicates that JHAC's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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