JHDG vs. MAXJ
JHDG (John Hancock Hedged Equity ETF) and MAXJ (iShares Large Cap Max Buffer Jun ETF) are both Equity Hedged funds. Both are actively managed. At a 0.50 correlation, their price movements are largely independent. JHDG charges 0.49%/yr vs 0.50%/yr for MAXJ.
Performance
JHDG vs. MAXJ - Performance Comparison
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Returns By Period
JHDG
- 1D
- -0.62%
- 1M
- 1.17%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAXJ
- 1D
- -0.14%
- 1M
- 0.55%
- 6M
- 3.15%
- YTD
- 3.41%
- 1Y
- 7.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JHDG vs. MAXJ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
JHDG John Hancock Hedged Equity ETF | 6.89% |
MAXJ iShares Large Cap Max Buffer Jun ETF | 3.02% |
Correlation
The correlation between JHDG and MAXJ is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026 | 0.50 |
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Return for Risk
JHDG vs. MAXJ — Risk / Return Rank
JHDG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MAXJ
JHDG vs. MAXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Hedged Equity ETF (JHDG) and iShares Large Cap Max Buffer Jun ETF (MAXJ). 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.
| JHDG | MAXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.66 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.15 | — |
| Martin ratioReturn relative to average drawdown | — | 24.45 | — |
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Drawdowns
JHDG vs. MAXJ - Drawdown Comparison
The maximum JHDG drawdown since its inception was -2.61%, smaller than the maximum MAXJ drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for JHDG and MAXJ.
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Drawdown Indicators
| JHDG | MAXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.61% | -6.35% | +3.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.70% | — |
Current DrawdownCurrent decline from peak | -1.10% | -0.14% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -0.54% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.29% | — |
Volatility
JHDG vs. MAXJ - Volatility Comparison
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Volatility by Period
| JHDG | MAXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.38% | 2.31% | +8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.38% | 5.17% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.38% | 5.17% | +5.21% |
JHDG vs. MAXJ - Expense Ratio Comparison
JHDG has a 0.49% expense ratio, which is lower than MAXJ's 0.50% expense ratio.
Dividends
JHDG vs. MAXJ - Dividend Comparison
JHDG's dividend yield for the trailing twelve months is around 0.10%, less than MAXJ's 0.97% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JHDG John Hancock Hedged Equity ETF | 0.10% | 0.00% | 0.00% |
MAXJ iShares Large Cap Max Buffer Jun ETF | 0.97% | 1.01% | 0.81% |
Frequently Asked Questions
JHDG and MAXJ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHDG is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHDG is cheaper with a 0.49% expense ratio, compared with 0.50% for MAXJ.
MAXJ has the higher dividend yield at 0.97%, compared with 0.10% for JHDG.
They also come from different issuers: John Hancock and iShares. Their fees differ too: 0.49% for JHDG and 0.50% for MAXJ.
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