JHML vs. REGL

Last updated Aug 2, 2026

JHML (John Hancock Multifactor Large Cap ETF) and REGL (ProShares S&P MidCap 400 Dividend Aristocrats ETF) are both exchange-traded funds - JHML is a Large Cap Growth Equities fund tracking the John Hancock Dimensional Large Cap Index, while REGL is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, JHML returned 13.91%/yr vs 9.70%/yr for REGL. Their 0.77 correlation means they have sometimes moved together and sometimes differently. JHML charges 0.29%/yr vs 0.40%/yr for REGL.

Performance

JHML vs. REGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Multifactor Large Cap ETF (JHML) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHML achieves a 11.94% return, which is significantly lower than REGL's 12.54% return. Over the past 10 years, JHML has outperformed REGL with an annualized return of 13.91%, while REGL has yielded a comparatively lower 9.70% annualized return.

JHML

• 1D: 0.45%
• 1M: 0.15%
• 6M: 9.36%
• YTD: 11.94%
• 1Y: 22.11%
• 3Y*: 17.69%
• 5Y*: 11.27%
• 10Y*: 13.91%
• ALL TIME*: 14.08%

REGL

• 1D: -0.09%
• 1M: 1.53%
• 6M: 7.57%
• YTD: 12.54%
• 1Y: 17.58%
• 3Y*: 11.47%
• 5Y*: 8.17%
• 10Y*: 9.70%
• ALL TIME*: 10.00%

*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)
JHML John Hancock Multifactor Large Cap ETF	$3.30M	$3.14M	$2.58M
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	$11.86M	$8.77M	$5.92M

JHML vs. REGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHML John Hancock Multifactor Large Cap ETF	11.94%	15.91%	19.84%	21.16%	-15.94%	26.90%	17.02%	30.94%	-6.45%	21.52%
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	12.54%	6.89%	12.26%	5.41%	-0.62%	20.38%	7.50%	18.79%	-3.25%	10.17%

Correlation

The correlation between JHML and REGL is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.78
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015	0.77

Over the past year, the correlation between JHML and REGL has dropped to 0.53 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

JHML vs. REGL - Sectors Allocation Comparison

Sectors	JHML	REGL
Technology	30.7%	1.7%
Financial Services	13.6%	32.0%
Industrials	12.3%	15.5%
Consumer Cyclical	9.7%	10.7%
Healthcare	9.3%	4.6%
Communication Services	7.4%	-
Consumer Defensive	4.7%	2.6%
Utilities	3.7%	13.4%
Energy	3.7%	3.1%
Basic Materials	2.6%	8.7%
Real Estate	2.3%	7.6%

Return for Risk

JHML vs. REGL — Risk / Return Rank

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

JHML

JHML Risk / Return Rank: 76
JHML Sharpe Ratio Rank: 75
JHML Sortino Ratio Rank: 74
JHML Omega Ratio Rank: 74
JHML Calmar Ratio Rank: 74
JHML Martin Ratio Rank: 84

REGL

REGL Risk / Return Rank: 50
REGL Sharpe Ratio Rank: 52
REGL Sortino Ratio Rank: 56
REGL Omega Ratio Rank: 48
REGL Calmar Ratio Rank: 47
REGL Martin Ratio Rank: 47

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.

JHML vs. REGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Large Cap ETF (JHML) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL). 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.

	JHML	REGL	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.25	+0.44
Sortino ratio: Return per unit of downside risk	2.39	1.94	+0.45
Omega ratio: Gain probability vs. loss probability	1.31	1.22	+0.09
Calmar ratio: Return relative to maximum drawdown	2.58	1.70	+0.88
Martin ratio: Return relative to average drawdown	11.62	5.31	+6.32

JHML vs. REGL - Sharpe Ratio Comparison

The current JHML Sharpe Ratio is 1.70, which is higher than the REGL Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of JHML and REGL, 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

JHML vs. REGL - Drawdown Comparison

The maximum JHML drawdown since its inception was -36.13%, roughly equal to the maximum REGL drawdown of -36.37%. Use the drawdown chart below to compare losses from any high point for JHML and REGL.

Drawdown Indicators

	JHML	REGL	Difference
Max Drawdown Largest peak-to-trough decline	-36.13%	-36.37%	+0.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-9.67%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-18.20%	-16.96%	-1.24%
Max Drawdown (5Y) Largest decline over 5 years	-23.47%	-16.96%	-6.51%
Max Drawdown (10Y) Largest decline over 10 years	-36.13%	-36.37%	+0.24%
Current Drawdown Current decline from peak	-0.67%	-1.92%	+1.25%
Average Drawdown Average peak-to-trough decline	-4.25%	-4.05%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	3.09%	-1.33%

Volatility

JHML vs. REGL - Volatility Comparison

The current volatility for John Hancock Multifactor Large Cap ETF (JHML) is 2.94%, while ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) has a volatility of 4.14%. This indicates that JHML experiences smaller price fluctuations and is considered to be less risky than REGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHML	REGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	4.14%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	9.41%	9.52%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	13.12%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	16.03%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.74%	18.31%	-0.57%

JHML vs. REGL - Expense Ratio Comparison

JHML has a 0.29% expense ratio, which is lower than REGL's 0.40% expense ratio.

Dividends

JHML vs. REGL - Dividend Comparison

JHML's dividend yield for the trailing twelve months is around 0.96%, less than REGL's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHML John Hancock Multifactor Large Cap ETF	0.96%	1.06%	1.16%	1.39%	1.46%	1.08%	1.59%	1.73%	1.57%	1.44%	1.36%	0.38%
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	2.17%	2.32%	2.28%	2.40%	2.32%	2.50%	2.41%	1.96%	2.09%	1.63%	1.20%	1.66%

Frequently Asked Questions

Can I hold both JHML and REGL in my portfolio?

JHML and REGL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHML or REGL?

REGL has higher volatility (4.14%) compared to JHML (2.94%). In terms of maximum drawdown, JHML dropped -36.13% vs REGL's -36.37%.

Which ETF is better, JHML or REGL?

On 10-year performance, JHML leads with 13.91% vs 9.70% for REGL. On fees, JHML is cheaper at 0.29% per year. On volatility, JHML has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHML or REGL?

Over the 10-year period, JHML has performed better with a 13.91% return vs 9.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHML or REGL?

JHML is cheaper with a 0.29% expense ratio, compared with 0.40% for REGL.

Which ETF pays a higher dividend yield, JHML or REGL?

REGL has the higher dividend yield at 2.17%, compared with 0.96% for JHML.

What is the main difference between JHML and REGL?

JHML is categorized as Large Cap Growth Equities, while REGL is Mid Cap Value Equities. JHML tracks John Hancock Dimensional Large Cap Index, while REGL tracks S&P MidCap 400 Dividend Aristocrats Index. They also come from different issuers: Manulife and ProShares. Their fees differ too: 0.29% for JHML and 0.40% for REGL.

Which has better risk-adjusted returns?

JHML currently has the higher Sharpe Ratio (1.70 vs 1.25), 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.