JHDV vs. DHLX

Last updated Jun 3, 2026

JHDV (John Hancock U.S. High Dividend ETF) and DHLX (Diamond Hill Large Cap Concentrated ETF) are both Large Cap Value Equities funds. JHDV is actively managed, while DHLX is passively managed. At a 0.48 correlation, their price movements are largely independent. JHDV charges 0.34%/yr vs 0.55%/yr for DHLX.

Performance

JHDV vs. DHLX - Performance Comparison

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

Returns By Period

In the year-to-date period, JHDV achieves a 20.00% return, which is significantly higher than DHLX's -1.10% return.

JHDV

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

DHLX

• 1D: -0.38%
• 1M: -3.18%
• YTD: -1.10%
• 6M: 1.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHDV vs. DHLX - Yearly Performance Comparison

	2026 (YTD)	2025
JHDV John Hancock U.S. High Dividend ETF	20.00%	1.50%
DHLX Diamond Hill Large Cap Concentrated ETF	-1.10%	1.24%

Correlation

The correlation between JHDV and DHLX is 0.48, 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 Sep 30, 2025	0.48

Return for Risk

JHDV vs. DHLX — 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

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. DHLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock U.S. High Dividend ETF (JHDV) and Diamond Hill Large Cap Concentrated ETF (DHLX). 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	DHLX	Difference
Sharpe ratio Return per unit of total volatility	3.10	—	—
Sortino ratio Return per unit of downside risk	4.18	—	—
Omega ratio Gain probability vs. loss probability	1.55	—	—
Calmar ratio Return relative to maximum drawdown	4.43	—	—
Martin ratio Return relative to average drawdown	18.62	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JHDV	DHLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	0.02	+1.37

Drawdowns

JHDV vs. DHLX - Drawdown Comparison

The maximum JHDV drawdown since its inception was -18.97%, which is greater than DHLX's maximum drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for JHDV and DHLX.

Drawdown Indicators

	JHDV	DHLX	Difference
Max Drawdown Largest peak-to-trough decline	-18.97%	-8.40%	-10.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	—	—
Current Drawdown Current decline from peak	0.00%	-4.97%	+4.97%
Average Drawdown Average peak-to-trough decline	-2.62%	-2.36%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	—	—

Volatility

Volatility by Period

	JHDV	DHLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	11.43%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	11.43%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	11.43%	+4.26%

JHDV vs. DHLX - Expense Ratio Comparison

JHDV has a 0.34% expense ratio, which is lower than DHLX's 0.55% expense ratio.

Dividends

JHDV vs. DHLX - Dividend Comparison

JHDV's dividend yield for the trailing twelve months is around 1.97%, more than DHLX's 0.41% yield.

Position	TTM	2025	2024	2023	2022
DHLX Diamond Hill Large Cap Concentrated ETF	0.41%	0.15%	0.00%	0.00%	0.00%
JHDV John Hancock U.S. High Dividend ETF	1.97%	2.40%	2.50%	2.77%	0.85%

Frequently Asked Questions

Can I hold both JHDV and DHLX in my portfolio?

JHDV and DHLX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHDV or DHLX?

On fees, JHDV is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHDV or DHLX?

JHDV is cheaper with a 0.34% expense ratio, compared with 0.55% for DHLX.

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

JHDV has the higher dividend yield at 1.97%, compared with 0.41% for DHLX.

What is the main difference between JHDV and DHLX?

They also come from different issuers: John Hancock and Diamond Hill. Their fees differ too: 0.34% for JHDV and 0.55% for DHLX.