JHEM vs. EMOP

Last updated Apr 2, 2026

Compare and contrast key facts about John Hancock Multifactor Emerging Markets ETF (JHEM) and AB Emerging Markets Opportunities ETF (EMOP).

JHEM and EMOP 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. EMOP is an actively managed fund by AllianceBernstein. It was launched on Jun 17, 2025.

Performance

JHEM vs. EMOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Multifactor Emerging Markets ETF (JHEM) and AB Emerging Markets Opportunities ETF (EMOP). The values are adjusted to include any dividend payments, if applicable.

JHEM vs. EMOP - Yearly Performance Comparison

	2026 (YTD)	2025
JHEM John Hancock Multifactor Emerging Markets ETF	4.62%	18.12%
EMOP AB Emerging Markets Opportunities ETF	9.93%	16.69%

Returns By Period

In the year-to-date period, JHEM achieves a 4.62% return, which is significantly lower than EMOP's 9.93% return.

JHEM

• 1D: 0.47%
• 1M: -6.90%
• YTD: 4.62%
• 6M: 9.71%
• 1Y: 31.97%
• 3Y*: 15.56%
• 5Y*: 5.04%
• 10Y*: —

EMOP

• 1D: 2.13%
• 1M: -5.57%
• YTD: 9.93%
• 6M: 14.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHEM vs. EMOP - Expense Ratio Comparison

JHEM has a 0.49% expense ratio, which is lower than EMOP's 0.70% expense ratio.

EMOP

AB Emerging Markets Opportunities ETF

JHEM

John Hancock Multifactor Emerging Markets ETF

Return for Risk

JHEM vs. EMOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHEM

JHEM Risk / Return Rank: 83
JHEM Sharpe Ratio Rank: 83
JHEM Sortino Ratio Rank: 83
JHEM Omega Ratio Rank: 82
JHEM Calmar Ratio Rank: 83
JHEM Martin Ratio Rank: 82

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.

JHEM vs. EMOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Emerging Markets ETF (JHEM) and AB Emerging Markets Opportunities ETF (EMOP). 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	EMOP	Difference
Sharpe ratio Return per unit of total volatility	1.71	—	—
Sortino ratio Return per unit of downside risk	2.29	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	2.62	—	—
Martin ratio Return relative to average drawdown	10.05	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JHEM	EMOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	2.06	-1.73

Correlation

The correlation between JHEM and EMOP is 0.91, 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. EMOP - Dividend Comparison

JHEM's dividend yield for the trailing twelve months is around 2.29%, more than EMOP's 0.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JHEM John Hancock Multifactor Emerging Markets ETF	2.29%	2.39%	2.93%	2.87%	2.84%	2.71%	1.67%	2.37%	0.21%
EMOP AB Emerging Markets Opportunities ETF	0.61%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JHEM vs. EMOP - Drawdown Comparison

The maximum JHEM drawdown since its inception was -34.99%, which is greater than EMOP's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for JHEM and EMOP.

Drawdown Indicators

	JHEM	EMOP	Difference
Max Drawdown Largest peak-to-trough decline	-34.99%	-12.88%	-22.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.15%	—	—
Current Drawdown Current decline from peak	-9.06%	-7.79%	-1.27%
Average Drawdown Average peak-to-trough decline	-10.12%	-1.92%	-8.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	—	—

Volatility

Volatility by Period

	JHEM	EMOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.82%	18.23%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.15%	18.23%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	18.23%	+2.22%