Correlation
The correlation between SPY and JHML 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.
SPY vs. JHML
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and John Hancock Multifactor Large Cap ETF (JHML).
SPY and JHML are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. 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. Both SPY and JHML 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: SPY or JHML.
Performance
SPY vs. JHML - Performance Comparison
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Key characteristics
SPY:
0.70
JHML:
0.64
SPY:
1.02
JHML:
0.94
SPY:
1.15
JHML:
1.14
SPY:
0.68
JHML:
0.59
SPY:
2.57
JHML:
2.29
SPY:
4.93%
JHML:
4.71%
SPY:
20.42%
JHML:
18.63%
SPY:
-55.19%
JHML:
-36.13%
SPY:
-3.55%
JHML:
-3.64%
Returns By Period
In the year-to-date period, SPY achieves a 0.87% return, which is significantly lower than JHML's 1.03% return.
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
JHML
1.03%
5.80%
-3.30%
11.89%
11.81%
14.60%
N/A
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SPY vs. JHML - Expense Ratio Comparison
SPY has a 0.09% expense ratio, which is lower than JHML's 0.29% expense ratio.
Risk-Adjusted Performance
SPY vs. JHML — Risk-Adjusted Performance Rank
SPY
JHML
SPY vs. JHML - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) and John Hancock Multifactor Large Cap ETF (JHML). 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
SPY vs. JHML - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.22%, more than JHML's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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% |
Drawdowns
SPY vs. JHML - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, which is greater than JHML's maximum drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for SPY and JHML.
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Volatility
SPY vs. JHML - Volatility Comparison
SPDR S&P 500 ETF (SPY) and John Hancock Multifactor Large Cap ETF (JHML) have volatilities of 4.86% and 4.70%, 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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