JHEM vs. DEM
Compare and contrast key facts about John Hancock Multifactor Emerging Markets ETF (JHEM) and WisdomTree Emerging Markets Equity Income Fund (DEM).
JHEM and DEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHEM is a passively managed fund by Manulife that tracks the performance of the John Hancock Dimensional Emerging Markets Index. It was launched on Sep 27, 2018. DEM is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets Equity income Index. It was launched on Jul 13, 2007. Both JHEM and DEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHEM or DEM.
Key characteristics
| JHEM | DEM | |
|---|---|---|
| YTD Return | 7.25% | 9.06% |
| 1Y Return | 16.24% | 23.14% |
| 3Y Return (Ann) | -1.13% | 5.84% |
| 5Y Return (Ann) | 5.22% | 7.31% |
| Sharpe Ratio | 1.10 | 1.63 |
| Daily Std Dev | 14.02% | 13.45% |
| Max Drawdown | -34.99% | -51.85% |
| Current Drawdown | -8.49% | 0.00% |
Correlation
The correlation between JHEM and DEM is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JHEM vs. DEM - Performance Comparison
In the year-to-date period, JHEM achieves a 7.25% return, which is significantly lower than DEM's 9.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JHEM vs. DEM - Expense Ratio Comparison
JHEM has a 0.49% expense ratio, which is lower than DEM's 0.63% expense ratio.
Risk-Adjusted Performance
JHEM vs. DEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Emerging Markets ETF (JHEM) and WisdomTree Emerging Markets Equity Income Fund (DEM). 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.
Dividends
JHEM vs. DEM - Dividend Comparison
JHEM's dividend yield for the trailing twelve months is around 2.68%, less than DEM's 5.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHEM John Hancock Multifactor Emerging Markets ETF | 2.68% | 2.87% | 2.84% | 2.71% | 1.67% | 2.37% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DEM WisdomTree Emerging Markets Equity Income Fund | 5.35% | 5.49% | 8.62% | 5.87% | 4.21% | 4.79% | 4.47% | 3.67% | 3.63% | 5.21% | 5.51% | 4.10% |
Drawdowns
JHEM vs. DEM - Drawdown Comparison
The maximum JHEM drawdown since its inception was -34.99%, smaller than the maximum DEM drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for JHEM and DEM. For additional features, visit the drawdowns tool.
Volatility
JHEM vs. DEM - Volatility Comparison
John Hancock Multifactor Emerging Markets ETF (JHEM) has a higher volatility of 3.27% compared to WisdomTree Emerging Markets Equity Income Fund (DEM) at 2.87%. This indicates that JHEM's price experiences larger fluctuations and is considered to be riskier than DEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.