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JHEM vs. FNDE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

JHEM vs. FNDE

Last updated Apr 1, 2026

Compare and contrast key facts about John Hancock Multifactor Emerging Markets ETF (JHEM) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).

JHEM and FNDE 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. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013. Both JHEM and FNDE 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. FNDE - Performance Comparison

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

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JHEM vs. FNDE - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
JHEM
John Hancock Multifactor Emerging Markets ETF		4.13%30.49%4.58%12.94%-17.90%2.10%11.50%17.68%-7.41%
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF		6.10%29.46%12.10%14.99%-15.58%14.41%-2.77%19.75%-7.72%

Returns By Period

In the year-to-date period, JHEM achieves a 4.13% return, which is significantly lower than FNDE's 6.10% return.

JHEM

1D
3.25%
1M
-9.49%
YTD
4.13%
6M
9.90%
1Y
31.74%
3Y*
15.38%
5Y*
4.95%
10Y*
—

FNDE

1D
2.71%
1M
-5.06%
YTD
6.10%
6M
9.65%
1Y
29.56%
3Y*
18.98%
5Y*
9.51%
10Y*
10.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

John Hancock Multifactor Emerging Markets ETF

Schwab Fundamental Emerging Markets Large Company Index ETF

Often compared with JHEM:
JHEM vs. DEMJHEM vs. VWOJHEM vs. FRDMJHEM vs. AVEMJHEM vs. QEMMJHEM vs. JIREJHEM vs. JHML
Often compared with FNDE:
FNDE vs. SCHEFNDE vs. VWOFNDE vs. AVEMFNDE vs. AVESFNDE vs. DEMFNDE vs. DFEVXFNDE vs. SCHF

JHEM vs. FNDE - Expense Ratio Comparison

JHEM has a 0.49% expense ratio, which is higher than FNDE's 0.39% expense ratio.

JHEM
John Hancock Multifactor Emerging Markets ETF
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF

Return for Risk

JHEM vs. FNDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JHEM
JHEM Risk / Return Rank: 8585
Overall Rank
JHEM Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
JHEM Sortino Ratio Rank: 8585
Sortino Ratio Rank
JHEM Omega Ratio Rank: 8383
Omega Ratio Rank
JHEM Calmar Ratio Rank: 8585
Calmar Ratio Rank
JHEM Martin Ratio Rank: 8585
Martin Ratio Rank
FNDE
FNDE Risk / Return Rank: 8585
Overall Rank
FNDE Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FNDE Sortino Ratio Rank: 8686
Sortino Ratio Rank
FNDE Omega Ratio Rank: 8787
Omega Ratio Rank
FNDE Calmar Ratio Rank: 8282
Calmar Ratio Rank
FNDE Martin Ratio Rank: 8686
Martin Ratio Rank
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. FNDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Emerging Markets ETF (JHEM) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). 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.

JHEMFNDEDifference

Sharpe ratio

Return per unit of total volatility

1.70

1.67

+0.03

Sortino ratio

Return per unit of downside risk

2.28

2.25

+0.03

Omega ratio

Gain probability vs. loss probability

1.33

1.34

-0.01

Calmar ratio

Return relative to maximum drawdown

2.57

2.16

+0.41

Martin ratio

Return relative to average drawdown

10.02

9.71

+0.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHEM vs. FNDE - Sharpe Ratio Comparison

The current JHEM Sharpe Ratio is 1.70, which is comparable to the FNDE Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of JHEM and FNDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

JHEMFNDEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.70

1.67

+0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.57

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.53

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.34

-0.01

Correlation

The correlation between JHEM and FNDE is 0.92, 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. FNDE - Dividend Comparison

JHEM's dividend yield for the trailing twelve months is around 2.30%, less than FNDE's 3.94% yield.

TTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF		3.94%4.19%4.82%4.74%5.59%4.32%2.50%3.47%2.98%2.05%1.65%2.02%

Drawdowns

JHEM vs. FNDE - Drawdown Comparison

The maximum JHEM drawdown since its inception was -34.99%, smaller than the maximum FNDE drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for JHEM and FNDE.

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Drawdown Indicators

JHEMFNDEDifference

Max Drawdown

Largest peak-to-trough decline

-34.99%

-43.55%

+8.56%

Max Drawdown (1Y)

Largest decline over 1 year

-12.34%

-13.72%

+1.38%

Max Drawdown (5Y)

Largest decline over 5 years

-32.15%

-29.44%

-2.71%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.93%

—

Current Drawdown

Current decline from peak

-9.49%

-6.41%

-3.08%

Average Drawdown

Average peak-to-trough decline

-10.12%

-11.84%

+1.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

3.06%

+0.11%

Volatility

JHEM vs. FNDE - Volatility Comparison

John Hancock Multifactor Emerging Markets ETF (JHEM) has a higher volatility of 9.66% compared to Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) at 7.66%. This indicates that JHEM's price experiences larger fluctuations and is considered to be riskier than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JHEMFNDEDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.66%

7.66%

+2.00%

Volatility (6M)

Calculated over the trailing 6-month period

14.04%

11.93%

+2.11%

Volatility (1Y)

Calculated over the trailing 1-year period

18.81%

17.79%

+1.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.15%

16.87%

+0.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.45%

19.41%

+1.04%