JHDV vs. KEAT

Last updated Jun 3, 2026

JHDV (John Hancock U.S. High Dividend ETF) and KEAT (Keating Active ETF) are both exchange-traded funds - JHDV is a Large Cap Value Equities fund actively managed by John Hancock, while KEAT is a Global Allocation fund actively managed by Keating. Both are actively managed. Over the past year, JHDV returned 36.17% vs 25.85% for KEAT. At a 0.45 correlation, their price movements are largely independent. JHDV charges 0.34%/yr vs 0.85%/yr for KEAT.

Performance

JHDV vs. KEAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock U.S. High Dividend ETF (JHDV) and Keating Active ETF (KEAT). 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 KEAT's 9.85% return.

JHDV

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

KEAT

• 1D: 0.47%
• 1M: -1.07%
• YTD: 9.85%
• 6M: 11.35%
• 1Y: 25.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHDV vs. KEAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JHDV John Hancock U.S. High Dividend ETF	20.00%	14.76%	10.91%
KEAT Keating Active ETF	9.85%	22.76%	2.41%

Correlation

The correlation between JHDV and KEAT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 28, 2024	0.45

Return for Risk

JHDV vs. KEAT — 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

KEAT

KEAT Risk / Return Rank: 75
KEAT Sharpe Ratio Rank: 77
KEAT Sortino Ratio Rank: 75
KEAT Omega Ratio Rank: 75
KEAT Calmar Ratio Rank: 83
KEAT Martin Ratio Rank: 67

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. KEAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock U.S. High Dividend ETF (JHDV) and Keating Active ETF (KEAT). 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	KEAT	Difference
Sharpe ratio Return per unit of total volatility	3.10	2.54	+0.56
Sortino ratio Return per unit of downside risk	4.18	3.45	+0.73
Omega ratio Gain probability vs. loss probability	1.55	1.46	+0.09
Calmar ratio Return relative to maximum drawdown	4.43	4.48	-0.05
Martin ratio Return relative to average drawdown	18.62	12.50	+6.12
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. KEAT - Sharpe Ratio Comparison

The current JHDV Sharpe Ratio is 3.10, which is comparable to the KEAT Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of JHDV and KEAT, 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	KEAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	2.54	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	1.57	-0.18

Drawdowns

JHDV vs. KEAT - Drawdown Comparison

The maximum JHDV drawdown since its inception was -18.97%, which is greater than KEAT's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for JHDV and KEAT.

Drawdown Indicators

	JHDV	KEAT	Difference
Max Drawdown Largest peak-to-trough decline	-18.97%	-7.45%	-11.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-6.04%	-2.22%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	—	—
Current Drawdown Current decline from peak	0.00%	-5.23%	+5.23%
Average Drawdown Average peak-to-trough decline	-2.62%	-1.57%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.16%	-0.19%

Volatility

JHDV vs. KEAT - Volatility Comparison

John Hancock U.S. High Dividend ETF (JHDV) has a higher volatility of 3.12% compared to Keating Active ETF (KEAT) at 2.47%. This indicates that JHDV's price experiences larger fluctuations and is considered to be riskier than KEAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHDV	KEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	2.47%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	8.89%	8.28%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	10.25%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	10.27%	+5.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	10.27%	+5.42%

JHDV vs. KEAT - Expense Ratio Comparison

JHDV has a 0.34% expense ratio, which is lower than KEAT's 0.85% expense ratio.

Dividends

JHDV vs. KEAT - Dividend Comparison

JHDV's dividend yield for the trailing twelve months is around 1.97%, less than KEAT's 2.24% yield.

Position	TTM	2025	2024	2023	2022
JHDV John Hancock U.S. High Dividend ETF	1.97%	2.40%	2.50%	2.77%	0.85%
KEAT Keating Active ETF	2.24%	2.48%	1.72%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHDV and KEAT in my portfolio?

JHDV and KEAT have a correlation of 0.38, 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 KEAT?

JHDV has higher volatility (3.12%) compared to KEAT (2.47%). In terms of maximum drawdown, JHDV dropped -18.97% vs KEAT's -7.45%.

Which ETF is better, JHDV or KEAT?

On 1-year performance, JHDV leads with 36.17% vs 25.85% for KEAT. On fees, JHDV is cheaper at 0.34% per year. On volatility, KEAT has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHDV or KEAT?

Over the 1-year period, JHDV has performed better with a 36.17% return vs 25.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHDV or KEAT?

JHDV is cheaper with a 0.34% expense ratio, compared with 0.85% for KEAT.

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

KEAT has the higher dividend yield at 2.24%, compared with 1.97% for JHDV.

What is the main difference between JHDV and KEAT?

JHDV is categorized as Large Cap Value Equities, while KEAT is Global Allocation. They also come from different issuers: John Hancock and Keating. Their fees differ too: 0.34% for JHDV and 0.85% for KEAT.

Which has better risk-adjusted returns?

JHDV currently has the higher Sharpe Ratio (3.10 vs 2.54), 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.