JHMD vs. IVLU

Last updated Aug 4, 2026

JHMD (John Hancock Multifactor Developed International ETF) and IVLU (iShares MSCI International Value Factor ETF) are both Foreign Large Cap Equities funds - JHMD tracks the John Hancock Dimensional Developed International Index while IVLU tracks the MSCI World ex USA Enhanced Value Index. Both are passively managed. Over the past 5 years, JHMD returned 9.29%/yr vs 15.65%/yr for IVLU. Their correlation of 0.91 means they have usually moved in the same direction. JHMD charges 0.39%/yr vs 0.30%/yr for IVLU.

Performance

JHMD vs. IVLU - Performance Comparison

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

Returns By Period

In the year-to-date period, JHMD achieves a 11.89% return, which is significantly lower than IVLU's 16.70% return.

JHMD

• 1D: 0.35%
• 1M: 1.71%
• 6M: 6.06%
• YTD: 11.89%
• 1Y: 25.16%
• 3Y*: 17.29%
• 5Y*: 9.29%
• 10Y*: —
• ALL TIME*: 9.62%

IVLU

• 1D: 0.32%
• 1M: 3.19%
• 6M: 8.70%
• YTD: 16.70%
• 1Y: 37.44%
• 3Y*: 24.12%
• 5Y*: 15.65%
• 10Y*: 11.37%
• ALL TIME*: 8.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVLU iShares MSCI International Value Factor ETF	$36.81M	$33.42M	$39.54M
JHMD John Hancock Multifactor Developed International ETF	$3.51M	$3.99M	$4.44M

JHMD vs. IVLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHMD John Hancock Multifactor Developed International ETF	11.89%	33.91%	1.78%	19.43%	-13.95%	11.83%	7.25%	19.83%	-14.54%	25.02%
IVLU iShares MSCI International Value Factor ETF	16.70%	46.09%	6.76%	20.07%	-5.73%	15.60%	-4.50%	15.60%	-15.10%	23.10%

Correlation

The correlation between JHMD and IVLU is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (All Time) Calculated using the full available price history since Dec 16, 2016	0.91

The correlation between JHMD and IVLU has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

JHMD vs. IVLU - Sectors Allocation Comparison

Sectors	JHMD	IVLU
Financial Services	25.7%	29.4%
Industrials	19.3%	17.2%
Healthcare	9.1%	9.8%
Technology	8.9%	8.8%
Consumer Cyclical	7.4%	7.1%
Basic Materials	7.4%	7.2%
Consumer Defensive	7.3%	6.0%
Utilities	5.3%	3.6%
Communication Services	4.9%	3.4%
Energy	3.3%	5.6%
Real Estate	1.4%	1.4%

Return for Risk

JHMD vs. IVLU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JHMD

JHMD Risk / Return Rank: 65
JHMD Sharpe Ratio Rank: 68
JHMD Sortino Ratio Rank: 69
JHMD Omega Ratio Rank: 66
JHMD Calmar Ratio Rank: 60
JHMD Martin Ratio Rank: 65

IVLU

IVLU Risk / Return Rank: 88
IVLU Sharpe Ratio Rank: 92
IVLU Sortino Ratio Rank: 91
IVLU Omega Ratio Rank: 90
IVLU Calmar Ratio Rank: 84
IVLU Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JHMD vs. IVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Developed International ETF (JHMD) and iShares MSCI International Value Factor ETF (IVLU). 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.

	JHMD	IVLU	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.41	-0.74
Sortino ratio: Return per unit of downside risk	2.39	3.27	-0.88
Omega ratio: Gain probability vs. loss probability	1.30	1.43	-0.13
Calmar ratio: Return relative to maximum drawdown	2.25	3.22	-0.97
Martin ratio: Return relative to average drawdown	8.31	12.31	-4.00

JHMD vs. IVLU - Sharpe Ratio Comparison

The current JHMD Sharpe Ratio is 1.67, which is lower than the IVLU Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of JHMD and IVLU, 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

JHMD vs. IVLU - Drawdown Comparison

The maximum JHMD drawdown since its inception was -35.67%, smaller than the maximum IVLU drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for JHMD and IVLU.

Drawdown Indicators

	JHMD	IVLU	Difference
Max Drawdown Largest peak-to-trough decline	-35.67%	-41.85%	+6.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.23%	-11.69%	+0.46%
Max Drawdown (3Y) Largest decline over 3 years	-13.38%	-15.48%	+2.10%
Max Drawdown (5Y) Largest decline over 5 years	-29.38%	-26.04%	-3.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.85%	—
Current Drawdown Current decline from peak	-0.28%	-0.23%	-0.05%
Average Drawdown Average peak-to-trough decline	-6.64%	-8.48%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	3.05%	-0.02%

Volatility

JHMD vs. IVLU - Volatility Comparison

The current volatility for John Hancock Multifactor Developed International ETF (JHMD) is 4.12%, while iShares MSCI International Value Factor ETF (IVLU) has a volatility of 4.80%. This indicates that JHMD experiences smaller price fluctuations and is considered to be less risky than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHMD	IVLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	4.80%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	13.35%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.20%	15.64%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	16.53%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	17.39%	-0.22%

JHMD vs. IVLU - Expense Ratio Comparison

JHMD has a 0.39% expense ratio, which is higher than IVLU's 0.30% expense ratio.

Dividends

JHMD vs. IVLU - Dividend Comparison

JHMD's dividend yield for the trailing twelve months is around 2.98%, less than IVLU's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVLU iShares MSCI International Value Factor ETF	3.22%	3.71%	4.46%	4.69%	3.59%	3.47%	2.05%	3.53%	2.82%	2.87%	2.53%	0.93%
JHMD John Hancock Multifactor Developed International ETF	2.98%	3.19%	3.55%	3.01%	2.85%	3.22%	1.89%	3.19%	2.09%	2.27%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHMD and IVLU in my portfolio?

With a correlation of 0.94, JHMD and IVLU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JHMD or IVLU?

IVLU has higher volatility (4.80%) compared to JHMD (4.12%). In terms of maximum drawdown, JHMD dropped -35.67% vs IVLU's -41.85%.

Which ETF is better, JHMD or IVLU?

On 5-year performance, IVLU leads with 15.65% vs 9.29% for JHMD. On fees, IVLU is cheaper at 0.30% per year. On volatility, JHMD has been the lower-risk option at 4.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHMD or IVLU?

Over the 5-year period, IVLU has performed better with a 15.65% return vs 9.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHMD or IVLU?

IVLU is cheaper with a 0.30% expense ratio, compared with 0.39% for JHMD.

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

IVLU has the higher dividend yield at 3.22%, compared with 2.98% for JHMD.

What is the main difference between JHMD and IVLU?

JHMD tracks John Hancock Dimensional Developed International Index, while IVLU tracks MSCI World ex USA Enhanced Value Index. They also come from different issuers: Manulife and iShares. Their fees differ too: 0.39% for JHMD and 0.30% for IVLU.

Which has better risk-adjusted returns?

IVLU currently has the higher Sharpe Ratio (2.41 vs 1.67), 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.