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JHML vs. CCOR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JHML vs. CCOR

Last updated Jun 4, 2026

JHML (John Hancock Multifactor Large Cap ETF) and CCOR (Core Alternative ETF) are both Large Cap Growth Equities funds. JHML is passively managed, while CCOR is actively managed. Over the past 5 years, JHML returned 11.88%/yr vs -2.56%/yr for CCOR. At a 0.29 correlation, their price movements are largely independent. JHML charges 0.29%/yr vs 1.09%/yr for CCOR.

Performance

JHML vs. CCOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Multifactor Large Cap ETF (JHML) and Core Alternative ETF (CCOR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JHML achieves a 11.62% return, which is significantly higher than CCOR's -3.71% return.

JHML

1D
-0.45%
1M
4.79%
YTD
11.62%
6M
11.80%
1Y
26.67%
3Y*
20.37%
5Y*
11.88%
10Y*
14.24%

CCOR

1D
0.30%
1M
-2.55%
YTD
-3.71%
6M
-4.87%
1Y
-5.97%
3Y*
-2.34%
5Y*
-2.56%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JHML vs. CCOR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JHML
John Hancock Multifactor Large Cap ETF		11.62%15.91%19.84%21.16%-15.94%26.90%17.02%30.94%-6.45%12.63%
CCOR
Core Alternative ETF		-3.71%3.52%-5.70%-11.92%2.51%9.90%4.07%6.03%4.64%3.68%

Correlation

The correlation between JHML and CCOR is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (All Time)
Calculated using the full available price history since May 25, 2017

0.29

The correlation between JHML and CCOR shifts across timeframes, from 0.09 (3 years) to 0.29 (all time), reflecting how their relationship changes across market environments.

JHML vs. CCOR - Sectors Allocation Comparison

Sectors
JHML
CCOR

Technology

27.8%
16.2%

Financial Services

13.8%
17.7%

Industrials

12.2%
9.2%

Consumer Cyclical

10.3%
9.4%

Healthcare

9.0%
10.8%

Communication Services

8.4%
8.7%

Consumer Defensive

5.1%
6.8%

Energy

4.3%
7.2%

Utilities

4.0%
6.3%

Basic Materials

2.8%
5.1%

Real Estate

2.4%
2.8%

Technology

JHML
27.8%
CCOR
16.2%

Financial Services

JHML
13.8%
CCOR
17.7%

Industrials

JHML
12.2%
CCOR
9.2%

Consumer Cyclical

JHML
10.3%
CCOR
9.4%

Healthcare

JHML
9.0%
CCOR
10.8%

Communication Services

JHML
8.4%
CCOR
8.7%

Consumer Defensive

JHML
5.1%
CCOR
6.8%

Energy

JHML
4.3%
CCOR
7.2%

Utilities

JHML
4.0%
CCOR
6.3%

Basic Materials

JHML
2.8%
CCOR
5.1%

Real Estate

JHML
2.4%
CCOR
2.8%

Compare stocks, funds, or ETFs

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John Hancock Multifactor Large Cap ETF

Core Alternative ETF

Often compared with JHML:
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Often compared with CCOR:
CCOR vs. BTALCCOR vs. AIRRCCOR vs. QMNNXCCOR vs. BIMBXCCOR vs. JEPQCCOR vs. VOOCCOR vs. SPY

Return for Risk

JHML vs. CCOR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JHML
JHML Risk / Return Rank: 7272
Overall Rank
JHML Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
JHML Sortino Ratio Rank: 7272
Sortino Ratio Rank
JHML Omega Ratio Rank: 7171
Omega Ratio Rank
JHML Calmar Ratio Rank: 6868
Calmar Ratio Rank
JHML Martin Ratio Rank: 8080
Martin Ratio Rank
CCOR
CCOR Risk / Return Rank: 22
Overall Rank
CCOR Sharpe Ratio Rank: 22
Sharpe Ratio Rank
CCOR Sortino Ratio Rank: 22
Sortino Ratio Rank
CCOR Omega Ratio Rank: 22
Omega Ratio Rank
CCOR Calmar Ratio Rank: 33
Calmar Ratio Rank
CCOR Martin Ratio Rank: 11
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.

JHML vs. CCOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Large Cap ETF (JHML) and Core Alternative ETF (CCOR). 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.

JHMLCCORDifference
Sharpe ratioReturn per unit of total volatility
2.34
-0.87

+3.20

Sortino ratioReturn per unit of downside risk
3.28
-1.15

+4.43

Omega ratioGain probability vs. loss probability

1.42

0.87

+0.56

Calmar ratioReturn relative to maximum drawdown

3.37

-0.69

+4.06

Martin ratioReturn relative to average drawdown

15.61

-1.59

+17.20

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

JHML vs. CCOR - Sharpe Ratio Comparison

The current JHML Sharpe Ratio is 2.34, which is higher than the CCOR Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of JHML and CCOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JHMLCCORDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.34

-0.87

+3.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

-0.23

+0.97

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.81

0.11

+0.70

Drawdowns

JHML vs. CCOR - Drawdown Comparison

The maximum JHML drawdown since its inception was -36.13%, which is greater than CCOR's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for JHML and CCOR.

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Drawdown Indicators

JHMLCCORDifference

Max Drawdown

Largest peak-to-trough decline

-36.13%

-22.99%

-13.14%

Max Drawdown (1Y)

Largest decline over 1 year

-7.95%

-8.75%

+0.80%

Max Drawdown (3Y)

Largest decline over 3 years

-18.20%

-12.31%

-5.89%

Max Drawdown (5Y)

Largest decline over 5 years

-23.47%

-22.99%

-0.48%

Max Drawdown (10Y)

Largest decline over 10 years

-36.13%

—

—

Current Drawdown

Current decline from peak

-0.45%

-20.03%

+19.58%

Average Drawdown

Average peak-to-trough decline

-4.29%

-7.29%

+3.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

3.77%

-2.06%

Volatility

JHML vs. CCOR - Volatility Comparison

John Hancock Multifactor Large Cap ETF (JHML) has a higher volatility of 2.84% compared to Core Alternative ETF (CCOR) at 1.78%. This indicates that JHML's price experiences larger fluctuations and is considered to be riskier than CCOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JHMLCCORDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.84%

1.78%

+1.06%

Volatility (6M)

Calculated over the trailing 6-month period

8.70%

4.96%

+3.74%

Volatility (1Y)

Calculated over the trailing 1-year period

11.48%

6.93%

+4.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.29%

11.10%

+5.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.76%

10.75%

+7.01%

JHML vs. CCOR - Expense Ratio Comparison

JHML has a 0.29% expense ratio, which is lower than CCOR's 1.09% expense ratio.

Dividends

JHML vs. CCOR - Dividend Comparison

JHML's dividend yield for the trailing twelve months is around 0.95%, less than CCOR's 1.11% yield.

PositionTTM20252024202320222021202020192018201720162015
CCOR
Core Alternative ETF		1.11%1.07%1.18%1.21%1.11%1.02%1.50%0.73%1.53%0.89%0.00%0.00%
JHML
John Hancock Multifactor Large Cap ETF		0.95%1.06%1.16%1.39%1.46%1.08%1.59%1.73%1.57%1.44%1.36%0.38%

Frequently Asked Questions

JHML and CCOR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JHML has higher volatility (2.84%) compared to CCOR (1.78%). In terms of maximum drawdown, JHML dropped -36.13% vs CCOR's -22.99%.

On 5-year performance, JHML leads with 11.88% vs -2.56% for CCOR. On fees, JHML is cheaper at 0.29% per year. On volatility, CCOR has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, JHML has performed better with a 11.88% return vs -2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JHML is cheaper with a 0.29% expense ratio, compared with 1.09% for CCOR.

CCOR has the higher dividend yield at 1.11%, compared with 0.95% for JHML.

They also come from different issuers: Manulife and Core Alternative Capital. Their fees differ too: 0.29% for JHML and 1.09% for CCOR.

JHML currently has the higher Sharpe Ratio (2.34 vs -0.87), 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.

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