JHEM vs. ECOW
Compare and contrast key facts about John Hancock Multifactor Emerging Markets ETF (JHEM) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW).
JHEM and ECOW 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. ECOW is a passively managed fund by Pacer that tracks the performance of the Pacer Emerging Markets Cash Cows 100 Index. It was launched on May 2, 2019. Both JHEM and ECOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
JHEM vs. ECOW - Performance Comparison
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JHEM vs. ECOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JHEM John Hancock Multifactor Emerging Markets ETF | 4.13% | 30.49% | 4.58% | 12.94% | -17.90% | 2.10% | 11.50% | 6.33% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 9.29% | 32.50% | 3.17% | 15.79% | -19.28% | 7.47% | -2.51% | 10.37% |
Returns By Period
In the year-to-date period, JHEM achieves a 4.13% return, which is significantly lower than ECOW's 9.29% return.
JHEM
- 1D
- 3.25%
- 1M
- -9.49%
- YTD
- 4.13%
- 6M
- 9.90%
- 1Y
- 31.74%
- 3Y*
- 15.38%
- 5Y*
- 4.95%
- 10Y*
- —
ECOW
- 1D
- 2.44%
- 1M
- -4.14%
- YTD
- 9.29%
- 6M
- 12.97%
- 1Y
- 37.65%
- 3Y*
- 18.71%
- 5Y*
- 6.93%
- 10Y*
- —
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JHEM vs. ECOW - Expense Ratio Comparison
JHEM has a 0.49% expense ratio, which is lower than ECOW's 0.70% expense ratio.
Return for Risk
JHEM vs. ECOW — Risk / Return Rank
JHEM
ECOW
JHEM vs. ECOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Emerging Markets ETF (JHEM) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). 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.
| JHEM | ECOW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 2.28 | -0.58 |
Sortino ratioReturn per unit of downside risk | 2.28 | 2.87 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.46 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.85 | -0.28 |
Martin ratioReturn relative to average drawdown | 10.02 | 14.23 | -4.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JHEM | ECOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.28 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.39 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.36 | -0.02 |
Correlation
The correlation between JHEM and ECOW is 0.71, 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.
Dividends
JHEM vs. ECOW - Dividend Comparison
JHEM's dividend yield for the trailing twelve months is around 2.30%, less than ECOW's 4.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JHEM John Hancock Multifactor Emerging Markets ETF | 2.30% | 2.39% | 2.93% | 2.87% | 2.84% | 2.71% | 1.67% | 2.37% | 0.21% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 4.76% | 5.20% | 7.35% | 5.46% | 7.50% | 4.39% | 3.35% | 8.08% | 0.00% |
Drawdowns
JHEM vs. ECOW - Drawdown Comparison
The maximum JHEM drawdown since its inception was -34.99%, smaller than the maximum ECOW drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for JHEM and ECOW.
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Drawdown Indicators
| JHEM | ECOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.99% | -40.27% | +5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -13.09% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -32.15% | -33.67% | +1.52% |
Current DrawdownCurrent decline from peak | -9.49% | -4.82% | -4.67% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -11.29% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.63% | +0.54% |
Volatility
JHEM vs. ECOW - Volatility Comparison
John Hancock Multifactor Emerging Markets ETF (JHEM) has a higher volatility of 9.66% compared to Pacer Emerging Markets Cash Cows 100 ETF (ECOW) at 7.25%. This indicates that JHEM's price experiences larger fluctuations and is considered to be riskier than ECOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHEM | ECOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.66% | 7.25% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 11.25% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.81% | 16.60% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 17.66% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.45% | 20.26% | +0.19% |