JHDV vs. SPLV
JHDV (John Hancock U.S. High Dividend ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - JHDV is a Large Cap Value Equities fund actively managed by John Hancock, while SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index. JHDV is actively managed, while SPLV is passively managed. Over the past 3 years, JHDV returned 21.41%/yr vs 8.50%/yr for SPLV. A 0.52 correlation means they provide meaningful diversification when combined. JHDV charges 0.34%/yr vs 0.25%/yr for SPLV.
Performance
JHDV vs. SPLV - 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 SPLV's 5.06% return.
JHDV
- 1D
- -1.41%
- 1M
- 1.19%
- YTD
- 17.56%
- 6M
- 16.88%
- 1Y
- 30.01%
- 3Y*
- 21.41%
- 5Y*
- —
- 10Y*
- —
SPLV
- 1D
- 1.32%
- 1M
- 0.35%
- YTD
- 5.06%
- 6M
- 4.84%
- 1Y
- 4.45%
- 3Y*
- 8.50%
- 5Y*
- 6.37%
- 10Y*
- 8.38%
JHDV vs. SPLV - 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% |
SPLV Invesco S&P 500 Low Volatility ETF | 5.06% | 4.10% | 13.93% | 0.53% | 8.82% |
Correlation
The correlation between JHDV and SPLV is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2022 | 0.52 |
Over the past year, the correlation between JHDV and SPLV has dropped to 0.19 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
JHDV vs. SPLV — Risk / Return Rank
JHDV
SPLV
JHDV vs. SPLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock U.S. High Dividend ETF (JHDV) and Invesco S&P 500 Low Volatility ETF (SPLV). 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 | SPLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.08 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 0.60 | +3.05 |
| Martin ratioReturn relative to average drawdown | 14.91 | 1.39 | +13.52 |
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Drawdowns
JHDV vs. SPLV - Drawdown Comparison
The maximum JHDV drawdown since its inception was -18.97%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for JHDV and SPLV.
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Drawdown Indicators
| JHDV | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.97% | -36.26% | +17.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -7.41% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | -9.64% | -9.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.26% | — |
Current DrawdownCurrent decline from peak | -2.03% | -3.47% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -3.55% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 3.20% | -1.18% |
Volatility
JHDV vs. SPLV - Volatility Comparison
John Hancock U.S. High Dividend ETF (JHDV) and Invesco S&P 500 Low Volatility ETF (SPLV) have volatilities of 4.43% and 4.26%, 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 | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 4.26% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 7.38% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.20% | 10.28% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 12.50% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 15.39% | +0.32% |
JHDV vs. SPLV - Expense Ratio Comparison
JHDV has a 0.34% expense ratio, which is higher than SPLV's 0.25% expense ratio.
Dividends
JHDV vs. SPLV - Dividend Comparison
JHDV's dividend yield for the trailing twelve months is around 2.01%, less than SPLV's 2.16% 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% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.16% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
Frequently Asked Questions
JHDV and SPLV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHDV has higher volatility (4.43%) compared to SPLV (4.26%). In terms of maximum drawdown, JHDV dropped -18.97% vs SPLV's -36.26%.
On 3-year performance, JHDV leads with 21.41% vs 8.50% for SPLV. On fees, SPLV is cheaper at 0.25% per year. On volatility, SPLV has been the lower-risk option at 4.26%. 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 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPLV is cheaper with a 0.25% expense ratio, compared with 0.34% for JHDV.
SPLV has the higher dividend yield at 2.16%, compared with 2.01% for JHDV.
JHDV is categorized as Large Cap Value Equities, while SPLV is S&P 500. They also come from different issuers: John Hancock and Invesco. Their fees differ too: 0.34% for JHDV and 0.25% for SPLV.
JHDV currently has the higher Sharpe Ratio (2.48 vs 0.44), 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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