JHDV vs. AVLV

Last updated Jun 3, 2026

JHDV (John Hancock U.S. High Dividend ETF) and AVLV (Avantis U.S. Large Cap Value ETF) are both Large Cap Value Equities funds. JHDV is actively managed, while AVLV is passively managed. Over the past 3 years, JHDV returned 22.66%/yr vs 23.18%/yr for AVLV. Their correlation of 0.89 suggests significant overlap in exposure. JHDV charges 0.34%/yr vs 0.15%/yr for AVLV.

Performance

JHDV vs. AVLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock U.S. High Dividend ETF (JHDV) and Avantis U.S. Large Cap Value ETF (AVLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JHDV having a 20.00% return and AVLV slightly higher at 20.47%.

JHDV

• 1D: 0.79%
• 1M: 7.92%
• YTD: 20.00%
• 6M: 20.97%
• 1Y: 36.17%
• 3Y*: 22.66%
• 5Y*: —
• 10Y*: —

AVLV

• 1D: 0.85%
• 1M: 5.27%
• YTD: 20.47%
• 6M: 22.94%
• 1Y: 39.74%
• 3Y*: 23.18%
• 5Y*: —
• 10Y*: —

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

JHDV vs. AVLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JHDV John Hancock U.S. High Dividend ETF	20.00%	14.76%	20.25%	15.99%	6.99%
AVLV Avantis U.S. Large Cap Value ETF	20.47%	15.12%	17.49%	17.43%	10.75%

Correlation

The correlation between JHDV and AVLV 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 (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.89

The correlation between JHDV and AVLV has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

JHDV vs. AVLV — Risk / Return Rank

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

JHDV

JHDV Risk / Return Rank: 87
JHDV Sharpe Ratio Rank: 90
JHDV Sortino Ratio Rank: 89
JHDV Omega Ratio Rank: 87
JHDV Calmar Ratio Rank: 82
JHDV Martin Ratio Rank: 86

AVLV

AVLV Risk / Return Rank: 92
AVLV Sharpe Ratio Rank: 91
AVLV Sortino Ratio Rank: 92
AVLV Omega Ratio Rank: 90
AVLV Calmar Ratio Rank: 92
AVLV Martin Ratio Rank: 93

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.

JHDV vs. AVLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock U.S. High Dividend ETF (JHDV) and Avantis U.S. Large Cap Value ETF (AVLV). 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.

	JHDV	AVLV	Difference
Sharpe ratio Return per unit of total volatility	3.10	3.25	-0.15
Sortino ratio Return per unit of downside risk	4.18	4.48	-0.31
Omega ratio Gain probability vs. loss probability	1.55	1.58	-0.03
Calmar ratio Return relative to maximum drawdown	4.43	6.33	-1.90
Martin ratio Return relative to average drawdown	18.62	25.35	-6.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHDV vs. AVLV - Sharpe Ratio Comparison

The current JHDV Sharpe Ratio is 3.10, which is comparable to the AVLV Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of JHDV and AVLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JHDV	AVLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	3.25	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	0.86	+0.53

Drawdowns

JHDV vs. AVLV - Drawdown Comparison

The maximum JHDV drawdown since its inception was -18.97%, roughly equal to the maximum AVLV drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for JHDV and AVLV.

Drawdown Indicators

	JHDV	AVLV	Difference
Max Drawdown Largest peak-to-trough decline	-18.97%	-19.50%	+0.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-6.39%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-19.50%	+0.53%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.62%	-3.93%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.59%	+0.38%

Volatility

JHDV vs. AVLV - Volatility Comparison

John Hancock U.S. High Dividend ETF (JHDV) and Avantis U.S. Large Cap Value ETF (AVLV) have volatilities of 3.12% and 3.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHDV	AVLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	3.17%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.89%	9.05%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	12.29%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	17.36%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	17.36%	-1.67%

JHDV vs. AVLV - Expense Ratio Comparison

JHDV has a 0.34% expense ratio, which is higher than AVLV's 0.15% expense ratio.

Dividends

JHDV vs. AVLV - Dividend Comparison

JHDV's dividend yield for the trailing twelve months is around 1.97%, more than AVLV's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021
AVLV Avantis U.S. Large Cap Value ETF	1.07%	1.33%	1.58%	1.85%	2.00%	0.29%
JHDV John Hancock U.S. High Dividend ETF	1.97%	2.40%	2.50%	2.77%	0.85%	0.00%

Frequently Asked Questions

Can I hold both JHDV and AVLV in my portfolio?

JHDV and AVLV 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 is riskier, JHDV or AVLV?

AVLV has higher volatility (3.17%) compared to JHDV (3.12%). In terms of maximum drawdown, JHDV dropped -18.97% vs AVLV's -19.50%.

Which ETF is better, JHDV or AVLV?

On 3-year performance, AVLV leads with 23.18% vs 22.66% for JHDV. On fees, AVLV is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHDV or AVLV?

Over the 3-year period, AVLV has performed better with a 23.18% return vs 22.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHDV or AVLV?

AVLV is cheaper with a 0.15% expense ratio, compared with 0.34% for JHDV.

Which ETF pays a higher dividend yield, JHDV or AVLV?

JHDV has the higher dividend yield at 1.97%, compared with 1.07% for AVLV.

What is the main difference between JHDV and AVLV?

They also come from different issuers: John Hancock and American Century. Their fees differ too: 0.34% for JHDV and 0.15% for AVLV.

Which has better risk-adjusted returns?

AVLV currently has the higher Sharpe Ratio (3.25 vs 3.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.