JHDV vs. JDVL

Last updated Jun 24, 2026

JHDV (John Hancock U.S. High Dividend ETF) and JDVL (John Hancock Disciplined Value Select ETF) are both Large Cap Value Equities funds from John Hancock. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. JHDV charges 0.34%/yr vs 0.56%/yr for JDVL.

Performance

JHDV vs. JDVL - Performance Comparison

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

Returns By Period

In the year-to-date period, JHDV achieves a 17.56% return, which is significantly higher than JDVL's 15.43% return.

JHDV

• 1D: -1.41%
• 1M: 1.19%
• YTD: 17.56%
• 6M: 16.88%
• 1Y: 30.01%
• 3Y*: 21.41%
• 5Y*: —
• 10Y*: —

JDVL

• 1D: -1.90%
• 1M: 4.32%
• YTD: 15.43%
• 6M: 14.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHDV vs. JDVL - Yearly Performance Comparison

	2026 (YTD)	2025
JHDV John Hancock U.S. High Dividend ETF	17.56%	5.67%
JDVL John Hancock Disciplined Value Select ETF	15.43%	10.04%

Correlation

The correlation between JHDV and JDVL is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.86

Return for Risk

JHDV vs. JDVL — Risk / Return Rank

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

JHDV

JHDV Risk / Return Rank: 80
JHDV Sharpe Ratio Rank: 83
JHDV Sortino Ratio Rank: 82
JHDV Omega Ratio Rank: 80
JHDV Calmar Ratio Rank: 76
JHDV Martin Ratio Rank: 81

JDVL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. JDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock U.S. High Dividend ETF (JHDV) and John Hancock Disciplined Value Select ETF (JDVL). 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.

	JHDV	JDVL	Difference
Sharpe ratio: Return per unit of total volatility	2.48	—	—
Sortino ratio: Return per unit of downside risk	3.34	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	3.65	—	—
Martin ratio: Return relative to average drawdown	14.91	—	—

Drawdowns

JHDV vs. JDVL - Drawdown Comparison

The maximum JHDV drawdown since its inception was -18.97%, which is greater than JDVL's maximum drawdown of -9.17%. Use the drawdown chart below to compare losses from any high point for JHDV and JDVL.

Drawdown Indicators

	JHDV	JDVL	Difference
Max Drawdown Largest peak-to-trough decline	-18.97%	-9.17%	-9.80%
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	-2.03%	-1.90%	-0.13%
Average Drawdown Average peak-to-trough decline	-2.61%	-1.30%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	—	—

Volatility

Volatility by Period

	JHDV	JDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	14.41%	-2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	14.41%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.71%	14.41%	+1.30%

JHDV vs. JDVL - Expense Ratio Comparison

JHDV has a 0.34% expense ratio, which is lower than JDVL's 0.56% expense ratio.

Dividends

JHDV vs. JDVL - Dividend Comparison

JHDV's dividend yield for the trailing twelve months is around 2.01%, more than JDVL's 1.48% yield.

Position	TTM	2025	2024	2023	2022
JDVL John Hancock Disciplined Value Select ETF	1.48%	1.71%	0.00%	0.00%	0.00%
JHDV John Hancock U.S. High Dividend ETF	2.01%	2.40%	2.50%	2.77%	0.85%

Frequently Asked Questions

Can I hold both JHDV and JDVL in my portfolio?

JHDV and JDVL have a correlation of 0.86, 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 JDVL?

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 JDVL?

JHDV is cheaper with a 0.34% expense ratio, compared with 0.56% for JDVL.

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

JHDV has the higher dividend yield at 2.01%, compared with 1.48% for JDVL.

What is the main difference between JHDV and JDVL?

Their fees differ too: 0.34% for JHDV and 0.56% for JDVL.