JHID vs. GVAL

Last updated Jun 13, 2026

JHID (John Hancock International High Dividend ETF) and GVAL (Cambria Global Value ETF) are both exchange-traded funds - JHID is a Foreign Large Cap Equities fund actively managed by John Hancock, while GVAL is a Global Equities fund actively managed by Cambria. Both are actively managed. Over the past 3 years, JHID returned 21.55%/yr vs 26.84%/yr for GVAL. A 0.78 correlation means they provide meaningful diversification when combined. JHID charges 0.46%/yr vs 0.64%/yr for GVAL.

Performance

JHID vs. GVAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock International High Dividend ETF (JHID) and Cambria Global Value ETF (GVAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHID achieves a 14.44% return, which is significantly lower than GVAL's 16.63% return.

JHID

• 1D: 0.45%
• 1M: 0.36%
• YTD: 14.44%
• 6M: 15.78%
• 1Y: 33.27%
• 3Y*: 21.55%
• 5Y*: —
• 10Y*: —

GVAL

• 1D: 1.47%
• 1M: 3.88%
• YTD: 16.63%
• 6M: 18.08%
• 1Y: 40.92%
• 3Y*: 26.84%
• 5Y*: 13.64%
• 10Y*: 11.46%

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

JHID vs. GVAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JHID John Hancock International High Dividend ETF	14.44%	41.47%	3.62%	19.47%	-0.42%
GVAL Cambria Global Value ETF	16.63%	55.87%	2.59%	13.30%	1.93%

Correlation

The correlation between JHID and GVAL is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Dec 21, 2022	0.78

The correlation between JHID and GVAL has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

JHID vs. GVAL - Sectors Allocation Comparison

Sectors	JHID	GVAL
Financial Services	28.1%	16.5%
Industrials	15.6%	3.6%
Technology	8.8%	6.5%
Consumer Defensive	8.5%	1.9%
Energy	6.6%	7.7%
Healthcare	6.5%	-
Basic Materials	6.3%	8.3%
Real Estate	6.1%	6.9%
Utilities	6.1%	4.0%
Consumer Cyclical	4.8%	2.6%
Communication Services	2.7%	4.6%

Return for Risk

JHID vs. GVAL — Risk / Return Rank

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

JHID

JHID Risk / Return Rank: 84
JHID Sharpe Ratio Rank: 86
JHID Sortino Ratio Rank: 86
JHID Omega Ratio Rank: 84
JHID Calmar Ratio Rank: 81
JHID Martin Ratio Rank: 83

GVAL

GVAL Risk / Return Rank: 84
GVAL Sharpe Ratio Rank: 90
GVAL Sortino Ratio Rank: 88
GVAL Omega Ratio Rank: 87
GVAL Calmar Ratio Rank: 77
GVAL Martin Ratio Rank: 79

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.

JHID vs. GVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock International High Dividend ETF (JHID) and Cambria Global Value ETF (GVAL). 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.

	JHID	GVAL	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.64	-0.16
Sortino ratio: Return per unit of downside risk	3.44	3.50	-0.06
Omega ratio: Gain probability vs. loss probability	1.44	1.47	-0.02
Calmar ratio: Return relative to maximum drawdown	3.83	3.48	+0.36
Martin ratio: Return relative to average drawdown	14.82	13.27	+1.55

JHID vs. GVAL - Sharpe Ratio Comparison

The current JHID Sharpe Ratio is 2.47, which is comparable to the GVAL Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of JHID and GVAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JHID vs. GVAL - Drawdown Comparison

The maximum JHID drawdown since its inception was -12.42%, smaller than the maximum GVAL drawdown of -46.82%. Use the drawdown chart below to compare losses from any high point for JHID and GVAL.

Drawdown Indicators

	JHID	GVAL	Difference
Max Drawdown Largest peak-to-trough decline	-12.42%	-46.82%	+34.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-11.50%	+3.08%
Max Drawdown (3Y) Largest decline over 3 years	-12.42%	-15.72%	+3.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.82%	—
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-2.45%	-13.85%	+11.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	3.02%	-0.84%

Volatility

JHID vs. GVAL - Volatility Comparison

The current volatility for John Hancock International High Dividend ETF (JHID) is 4.46%, while Cambria Global Value ETF (GVAL) has a volatility of 6.00%. This indicates that JHID experiences smaller price fluctuations and is considered to be less risky than GVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHID	GVAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	6.00%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	13.40%	-2.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	15.18%	-2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	18.56%	-4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.97%	19.20%	-5.23%

JHID vs. GVAL - Expense Ratio Comparison

JHID has a 0.46% expense ratio, which is lower than GVAL's 0.64% expense ratio.

Dividends

JHID vs. GVAL - Dividend Comparison

JHID's dividend yield for the trailing twelve months is around 2.85%, more than GVAL's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GVAL Cambria Global Value ETF	2.77%	2.93%	4.75%	6.12%	5.05%	2.97%	1.90%	2.84%	4.65%	2.00%	2.54%	2.11%
JHID John Hancock International High Dividend ETF	2.85%	3.13%	5.15%	5.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHID and GVAL in my portfolio?

JHID and GVAL have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHID or GVAL?

GVAL has higher volatility (6.00%) compared to JHID (4.46%). In terms of maximum drawdown, JHID dropped -12.42% vs GVAL's -46.82%.

Which ETF is better, JHID or GVAL?

On 3-year performance, GVAL leads with 26.84% vs 21.55% for JHID. On fees, JHID is cheaper at 0.46% per year. On volatility, JHID has been the lower-risk option at 4.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHID or GVAL?

Over the 3-year period, GVAL has performed better with a 26.84% return vs 21.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHID or GVAL?

JHID is cheaper with a 0.46% expense ratio, compared with 0.64% for GVAL.

Which ETF pays a higher dividend yield, JHID or GVAL?

JHID has the higher dividend yield at 2.85%, compared with 2.77% for GVAL.

What is the main difference between JHID and GVAL?

JHID is categorized as Foreign Large Cap Equities, while GVAL is Global Equities. They also come from different issuers: John Hancock and Cambria. Their fees differ too: 0.46% for JHID and 0.64% for GVAL.

Which has better risk-adjusted returns?

GVAL currently has the higher Sharpe Ratio (2.64 vs 2.47), 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.