JHDV vs. JHML
JHDV (John Hancock U.S. High Dividend ETF) and JHML (John Hancock Multifactor Large Cap ETF) are both exchange-traded funds - JHDV is a Large Cap Value Equities fund actively managed by John Hancock, while JHML is a Large Cap Growth Equities fund tracking the John Hancock Dimensional Large Cap Index. JHDV is actively managed, while JHML is passively managed. Over the past 3 years, JHDV returned 21.41%/yr vs 19.33%/yr for JHML. With a 0.96 correlation, they move nearly in lockstep. JHDV charges 0.34%/yr vs 0.29%/yr for JHML.
Performance
JHDV vs. JHML - Performance Comparison
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Returns By Period
In the year-to-date period, JHDV achieves a 17.56% return, which is significantly higher than JHML's 10.19% return.
JHDV
- 1D
- -1.41%
- 1M
- 1.19%
- YTD
- 17.56%
- 6M
- 16.88%
- 1Y
- 30.01%
- 3Y*
- 21.41%
- 5Y*
- —
- 10Y*
- —
JHML
- 1D
- -1.16%
- 1M
- 0.30%
- YTD
- 10.19%
- 6M
- 9.22%
- 1Y
- 23.99%
- 3Y*
- 19.33%
- 5Y*
- 11.53%
- 10Y*
- 14.35%
JHDV vs. JHML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JHDV John Hancock U.S. High Dividend ETF | 17.56% | 14.76% | 20.25% | 15.99% | 6.99% |
JHML John Hancock Multifactor Large Cap ETF | 10.19% | 15.91% | 19.84% | 21.16% | 8.13% |
Correlation
The correlation between JHDV and JHML is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2022 | 0.96 |
The correlation between JHDV and JHML has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
JHDV vs. JHML — Risk / Return Rank
JHDV
JHML
JHDV vs. JHML - 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 Multifactor Large Cap ETF (JHML). 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 | JHML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.36 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.03 | +0.62 |
| Martin ratioReturn relative to average drawdown | 14.91 | 13.73 | +1.17 |
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Drawdowns
JHDV vs. JHML - Drawdown Comparison
The maximum JHDV drawdown since its inception was -18.97%, smaller than the maximum JHML drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for JHDV and JHML.
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Drawdown Indicators
| JHDV | JHML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.97% | -36.13% | +17.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -7.95% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | -18.20% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.13% | — |
Current DrawdownCurrent decline from peak | -2.03% | -1.93% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -4.28% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.75% | +0.27% |
Volatility
JHDV vs. JHML - Volatility Comparison
John Hancock U.S. High Dividend ETF (JHDV) and John Hancock Multifactor Large Cap ETF (JHML) have volatilities of 4.43% and 4.39%, 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.
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Volatility by Period
| JHDV | JHML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 4.39% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 9.42% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.20% | 11.99% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 16.36% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 17.77% | -2.06% |
JHDV vs. JHML - Expense Ratio Comparison
JHDV has a 0.34% expense ratio, which is higher than JHML's 0.29% expense ratio.
Dividends
JHDV vs. JHML - Dividend Comparison
JHDV's dividend yield for the trailing twelve months is around 2.01%, more than JHML's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHDV John Hancock U.S. High Dividend ETF | 2.01% | 2.40% | 2.50% | 2.77% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JHML John Hancock Multifactor Large Cap ETF | 0.96% | 1.06% | 1.16% | 1.39% | 1.46% | 1.08% | 1.59% | 1.73% | 1.57% | 1.44% | 1.36% | 0.38% |
Frequently Asked Questions
With a correlation of 0.93, JHDV and JHML move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JHDV has higher volatility (4.43%) compared to JHML (4.39%). In terms of maximum drawdown, JHDV dropped -18.97% vs JHML's -36.13%.
On 3-year performance, JHDV leads with 21.41% vs 19.33% for JHML. On fees, JHML is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JHDV has performed better with a 21.41% return vs 19.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHML is cheaper with a 0.29% expense ratio, compared with 0.34% for JHDV.
JHDV has the higher dividend yield at 2.01%, compared with 0.96% for JHML.
JHDV is categorized as Large Cap Value Equities, while JHML is Large Cap Growth Equities. They also come from different issuers: John Hancock and Manulife. Their fees differ too: 0.34% for JHDV and 0.29% for JHML.
JHDV currently has the higher Sharpe Ratio (2.48 vs 2.02), 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.
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