JHMD vs. DWMF

Last updated Jun 4, 2026

JHMD (John Hancock Multifactor Developed International ETF) and DWMF (WisdomTree International Multifactor Fund) are both Foreign Large Cap Equities funds. JHMD is passively managed, while DWMF is actively managed. Over the past 5 years, JHMD returned 8.47%/yr vs 8.14%/yr for DWMF. Their correlation of 0.86 suggests significant overlap in exposure. JHMD charges 0.39%/yr vs 0.38%/yr for DWMF.

Performance

JHMD vs. DWMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Multifactor Developed International ETF (JHMD) and WisdomTree International Multifactor Fund (DWMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHMD achieves a 7.87% return, which is significantly higher than DWMF's 1.89% return.

JHMD

• 1D: -0.51%
• 1M: 2.80%
• YTD: 7.87%
• 6M: 10.87%
• 1Y: 21.60%
• 3Y*: 16.74%
• 5Y*: 8.47%
• 10Y*: —

DWMF

• 1D: -0.69%
• 1M: -0.93%
• YTD: 1.89%
• 6M: 3.01%
• 1Y: 7.73%
• 3Y*: 13.07%
• 5Y*: 8.14%
• 10Y*: —

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

JHMD vs. DWMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JHMD John Hancock Multifactor Developed International ETF	7.87%	33.91%	1.78%	19.43%	-13.95%	11.83%	7.25%	19.83%	-11.42%
DWMF WisdomTree International Multifactor Fund	1.89%	24.42%	10.22%	10.78%	-7.31%	11.24%	-1.18%	16.10%	-7.30%

Correlation

The correlation between JHMD and DWMF is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Aug 13, 2018	0.86

The correlation between JHMD and DWMF has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

JHMD vs. DWMF - Sectors Allocation Comparison

Sectors	JHMD	DWMF
Financial Services	24.8%	20.0%
Industrials	19.9%	18.9%
Healthcare	8.9%	9.0%
Basic Materials	7.8%	3.7%
Consumer Cyclical	7.6%	5.5%
Consumer Defensive	7.4%	11.5%
Technology	7.0%	4.0%
Utilities	5.7%	9.2%
Communication Services	5.3%	9.5%
Energy	4.0%	2.0%
Real Estate	1.6%	6.7%

Return for Risk

JHMD vs. DWMF — Risk / Return Rank

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

JHMD

JHMD Risk / Return Rank: 42
JHMD Sharpe Ratio Rank: 42
JHMD Sortino Ratio Rank: 42
JHMD Omega Ratio Rank: 42
JHMD Calmar Ratio Rank: 39
JHMD Martin Ratio Rank: 44

DWMF

DWMF Risk / Return Rank: 20
DWMF Sharpe Ratio Rank: 21
DWMF Sortino Ratio Rank: 20
DWMF Omega Ratio Rank: 20
DWMF Calmar Ratio Rank: 20
DWMF Martin Ratio Rank: 21

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.

JHMD vs. DWMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Developed International ETF (JHMD) and WisdomTree International Multifactor Fund (DWMF). 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.

	JHMD	DWMF	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.71	+0.78
Sortino ratio: Return per unit of downside risk	2.14	1.06	+1.09
Omega ratio: Gain probability vs. loss probability	1.27	1.13	+0.14
Calmar ratio: Return relative to maximum drawdown	1.93	0.89	+1.04
Martin ratio: Return relative to average drawdown	7.21	2.61	+4.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHMD vs. DWMF - Sharpe Ratio Comparison

The current JHMD Sharpe Ratio is 1.48, which is higher than the DWMF Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of JHMD and DWMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JHMD	DWMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	0.71	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.73	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.50	+0.05

Drawdowns

JHMD vs. DWMF - Drawdown Comparison

The maximum JHMD drawdown since its inception was -35.67%, which is greater than DWMF's maximum drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for JHMD and DWMF.

Drawdown Indicators

	JHMD	DWMF	Difference
Max Drawdown Largest peak-to-trough decline	-35.67%	-29.72%	-5.95%
Max Drawdown (1Y) Largest decline over 1 year	-11.23%	-8.74%	-2.49%
Max Drawdown (3Y) Largest decline over 3 years	-13.38%	-8.74%	-4.64%
Max Drawdown (5Y) Largest decline over 5 years	-29.38%	-17.00%	-12.38%
Current Drawdown Current decline from peak	-2.48%	-7.11%	+4.63%
Average Drawdown Average peak-to-trough decline	-6.73%	-3.90%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.97%	+0.03%

Volatility

JHMD vs. DWMF - Volatility Comparison

John Hancock Multifactor Developed International ETF (JHMD) has a higher volatility of 4.89% compared to WisdomTree International Multifactor Fund (DWMF) at 3.36%. This indicates that JHMD's price experiences larger fluctuations and is considered to be riskier than DWMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHMD	DWMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	3.36%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	8.73%	+3.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.66%	11.02%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	11.23%	+5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.20%	14.11%	+3.09%

JHMD vs. DWMF - Expense Ratio Comparison

JHMD has a 0.39% expense ratio, which is higher than DWMF's 0.38% expense ratio.

Dividends

JHMD vs. DWMF - Dividend Comparison

JHMD's dividend yield for the trailing twelve months is around 2.96%, more than DWMF's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DWMF WisdomTree International Multifactor Fund	2.92%	2.80%	3.50%	4.01%	3.41%	3.54%	2.06%	2.77%	1.15%	0.00%
JHMD John Hancock Multifactor Developed International ETF	2.96%	3.19%	3.55%	3.01%	2.85%	3.22%	1.89%	3.19%	2.09%	2.27%

Frequently Asked Questions

Can I hold both JHMD and DWMF in my portfolio?

JHMD and DWMF have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHMD or DWMF?

JHMD has higher volatility (4.89%) compared to DWMF (3.36%). In terms of maximum drawdown, JHMD dropped -35.67% vs DWMF's -29.72%.

Which ETF is better, JHMD or DWMF?

On 5-year performance, JHMD leads with 8.47% vs 8.14% for DWMF. On fees, DWMF is cheaper at 0.38% per year. On volatility, DWMF has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHMD or DWMF?

Over the 5-year period, JHMD has performed better with a 8.47% return vs 8.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHMD or DWMF?

DWMF is cheaper with a 0.38% expense ratio, compared with 0.39% for JHMD.

Which ETF pays a higher dividend yield, JHMD or DWMF?

JHMD has the higher dividend yield at 2.96%, compared with 2.92% for DWMF.

What is the main difference between JHMD and DWMF?

They also come from different issuers: Manulife and WisdomTree. Their fees differ too: 0.39% for JHMD and 0.38% for DWMF.

Which has better risk-adjusted returns?

JHMD currently has the higher Sharpe Ratio (1.48 vs 0.71), 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.