JHDV vs. SCHV

Last updated Aug 2, 2026

JHDV (John Hancock U.S. High Dividend ETF) and SCHV (Schwab U.S. Large-Cap Value ETF) are both Large Cap Value Equities funds. JHDV is actively managed, while SCHV is passively managed. Over the past 3 years, JHDV returned 19.16%/yr vs 16.46%/yr for SCHV. Their correlation of 0.87 means they have usually moved in the same direction. JHDV charges 0.34%/yr vs 0.04%/yr for SCHV.

Performance

JHDV vs. SCHV - Performance Comparison

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

Returns By Period

In the year-to-date period, JHDV achieves a 18.19% return, which is significantly higher than SCHV's 16.12% return.

JHDV

• 1D: 0.01%
• 1M: 0.38%
• 6M: 13.52%
• YTD: 18.19%
• 1Y: 26.40%
• 3Y*: 19.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.16%

SCHV

• 1D: -0.26%
• 1M: -1.05%
• 6M: 10.52%
• YTD: 16.12%
• 1Y: 25.88%
• 3Y*: 16.46%
• 5Y*: 10.57%
• 10Y*: 11.24%
• ALL TIME*: 11.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JHDV John Hancock U.S. High Dividend ETF	$9.40K	$15.63K	$31.49K
SCHV Schwab U.S. Large-Cap Value ETF	$128.10M	$109.56M	$118.29M

JHDV vs. SCHV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JHDV John Hancock U.S. High Dividend ETF	18.19%	14.76%	20.25%	15.99%	6.99%
SCHV Schwab U.S. Large-Cap Value ETF	16.12%	16.02%	14.13%	8.93%	12.51%

Correlation

The correlation between JHDV and SCHV is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (All Time) Calculated using the full available price history since Sep 28, 2022	0.87

The correlation between JHDV and SCHV has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

JHDV vs. SCHV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JHDV

JHDV Risk / Return Rank: 84
JHDV Sharpe Ratio Rank: 86
JHDV Sortino Ratio Rank: 84
JHDV Omega Ratio Rank: 84
JHDV Calmar Ratio Rank: 83
JHDV Martin Ratio Rank: 86

SCHV

SCHV Risk / Return Rank: 89
SCHV Sharpe Ratio Rank: 90
SCHV Sortino Ratio Rank: 90
SCHV Omega Ratio Rank: 88
SCHV Calmar Ratio Rank: 89
SCHV Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JHDV vs. SCHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock U.S. High Dividend ETF (JHDV) and Schwab U.S. Large-Cap Value ETF (SCHV). 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	SCHV	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.21	-0.17
Sortino ratio: Return per unit of downside risk	2.79	3.15	-0.36
Omega ratio: Gain probability vs. loss probability	1.36	1.39	-0.03
Calmar ratio: Return relative to maximum drawdown	3.07	3.66	-0.59
Martin ratio: Return relative to average drawdown	12.25	14.19	-1.95

JHDV vs. SCHV - Sharpe Ratio Comparison

The current JHDV Sharpe Ratio is 2.04, which is comparable to the SCHV Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of JHDV and SCHV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JHDV vs. SCHV - Drawdown Comparison

The maximum JHDV drawdown since its inception was -18.97%, smaller than the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for JHDV and SCHV.

Drawdown Indicators

	JHDV	SCHV	Difference
Max Drawdown Largest peak-to-trough decline	-18.97%	-37.08%	+18.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-6.83%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-15.26%	-3.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.08%	—
Current Drawdown Current decline from peak	-1.51%	-2.21%	+0.70%
Average Drawdown Average peak-to-trough decline	-2.57%	-3.81%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.76%	+0.31%

Volatility

JHDV vs. SCHV - Volatility Comparison

John Hancock U.S. High Dividend ETF (JHDV) has a higher volatility of 3.39% compared to Schwab U.S. Large-Cap Value ETF (SCHV) at 3.01%. This indicates that JHDV's price experiences larger fluctuations and is considered to be riskier than SCHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHDV	SCHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.01%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	8.94%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	11.35%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	14.53%	+1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.59%	16.93%	-1.34%

JHDV vs. SCHV - Expense Ratio Comparison

JHDV has a 0.34% expense ratio, which is higher than SCHV's 0.04% expense ratio.

Dividends

JHDV vs. SCHV - Dividend Comparison

JHDV's dividend yield for the trailing twelve months is around 2.06%, more than SCHV's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHDV John Hancock U.S. High Dividend ETF	2.06%	2.40%	2.50%	2.77%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHV Schwab U.S. Large-Cap Value ETF	1.79%	2.02%	2.25%	2.42%	2.37%	1.93%	3.03%	3.02%	3.05%	2.37%	2.65%	2.69%

Frequently Asked Questions

Can I hold both JHDV and SCHV in my portfolio?

JHDV and SCHV have a correlation of 0.83, 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 SCHV?

JHDV has higher volatility (3.39%) compared to SCHV (3.01%). In terms of maximum drawdown, JHDV dropped -18.97% vs SCHV's -37.08%.

Which ETF is better, JHDV or SCHV?

On 3-year performance, JHDV leads with 19.16% vs 16.46% for SCHV. On fees, SCHV is cheaper at 0.04% per year. On volatility, SCHV has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHDV or SCHV?

Over the 3-year period, JHDV has performed better with a 19.16% return vs 16.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHDV or SCHV?

SCHV is cheaper with a 0.04% expense ratio, compared with 0.34% for JHDV.

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

JHDV has the higher dividend yield at 2.06%, compared with 1.79% for SCHV.

What is the main difference between JHDV and SCHV?

They also come from different issuers: John Hancock and Charles Schwab. Their fees differ too: 0.34% for JHDV and 0.04% for SCHV.

Which has better risk-adjusted returns?

SCHV currently has the higher Sharpe Ratio (2.21 vs 2.04), 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.