Correlation
The correlation between JHML and VOO is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
JHML vs. VOO
Compare and contrast key facts about John Hancock Multifactor Large Cap ETF (JHML) and Vanguard S&P 500 ETF (VOO).
JHML and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHML is a passively managed fund by Manulife that tracks the performance of the John Hancock Dimensional Large Cap Index. It was launched on Sep 28, 2015. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both JHML and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHML or VOO.
Performance
JHML vs. VOO - Performance Comparison
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Key characteristics
JHML:
0.64
VOO:
0.70
JHML:
0.91
VOO:
1.05
JHML:
1.13
VOO:
1.15
JHML:
0.57
VOO:
0.69
JHML:
2.20
VOO:
2.62
JHML:
4.71%
VOO:
4.93%
JHML:
18.66%
VOO:
19.55%
JHML:
-36.13%
VOO:
-33.99%
JHML:
-3.66%
VOO:
-3.45%
Returns By Period
The year-to-date returns for both stocks are quite close, with JHML having a 1.02% return and VOO slightly lower at 1.00%.
JHML
1.02%
5.66%
-2.87%
11.77%
11.53%
14.60%
N/A
VOO
1.00%
6.44%
-0.84%
13.62%
14.14%
15.91%
12.81%
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JHML vs. VOO - Expense Ratio Comparison
JHML has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
JHML vs. VOO — Risk-Adjusted Performance Rank
JHML
VOO
JHML vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Large Cap ETF (JHML) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
JHML vs. VOO - Dividend Comparison
JHML's dividend yield for the trailing twelve months is around 1.15%, less than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHML John Hancock Multifactor Large Cap ETF | 1.15% | 1.16% | 1.39% | 1.46% | 1.08% | 1.59% | 1.73% | 1.57% | 1.44% | 1.36% | 0.38% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
JHML vs. VOO - Drawdown Comparison
The maximum JHML drawdown since its inception was -36.13%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for JHML and VOO.
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Volatility
JHML vs. VOO - Volatility Comparison
John Hancock Multifactor Large Cap ETF (JHML) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.71% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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