JHSC vs. GRPZ

Last updated Jul 17, 2026

JHSC (John Hancock Multifactor Small Cap ETF) and GRPZ (Invesco S&P Smallcap 600 GARP ETF) are both Small Cap Growth Equities funds - JHSC tracks the John Hancock Dimensional Small Cap Index while GRPZ tracks the S&P SmallCap 600 GARP Index. Both are passively managed. Over the past year, JHSC returned 24.34% vs 30.97% for GRPZ. Their correlation of 0.91 suggests significant overlap in exposure. JHSC charges 0.42%/yr vs 0.35%/yr for GRPZ.

Performance

JHSC vs. GRPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Multifactor Small Cap ETF (JHSC) and Invesco S&P Smallcap 600 GARP ETF (GRPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHSC achieves a 16.36% return, which is significantly lower than GRPZ's 23.85% return.

JHSC

• 1D: 0.72%
• 1M: 1.88%
• 6M: 8.51%
• YTD: 16.36%
• 1Y: 24.34%
• 3Y*: 13.52%
• 5Y*: 8.81%
• 10Y*: —

GRPZ

• 1D: 0.92%
• 1M: 7.28%
• 6M: 16.11%
• YTD: 23.85%
• 1Y: 30.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHSC vs. GRPZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JHSC John Hancock Multifactor Small Cap ETF	16.36%	6.88%	7.35%
GRPZ Invesco S&P Smallcap 600 GARP ETF	23.85%	3.09%	4.27%

Correlation

The correlation between JHSC and GRPZ is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	0.91

The correlation between JHSC and GRPZ has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

JHSC vs. GRPZ - Sectors Allocation Comparison

Sectors	JHSC	GRPZ
Financial Services	18.6%	28.3%
Industrials	16.7%	16.1%
Technology	14.7%	7.6%
Consumer Cyclical	13.5%	11.8%
Healthcare	8.4%	15.8%
Energy	6.7%	12.2%
Real Estate	6.2%	-
Basic Materials	5.2%	2.3%
Utilities	3.8%	-
Consumer Defensive	3.1%	5.3%
Communication Services	2.8%	0.8%

Return for Risk

JHSC vs. GRPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHSC

JHSC Risk / Return Rank: 59
JHSC Sharpe Ratio Rank: 56
JHSC Sortino Ratio Rank: 60
JHSC Omega Ratio Rank: 53
JHSC Calmar Ratio Rank: 64
JHSC Martin Ratio Rank: 63

GRPZ

GRPZ Risk / Return Rank: 70
GRPZ Sharpe Ratio Rank: 69
GRPZ Sortino Ratio Rank: 75
GRPZ Omega Ratio Rank: 62
GRPZ Calmar Ratio Rank: 79
GRPZ Martin Ratio Rank: 66

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.

JHSC vs. GRPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Small Cap ETF (JHSC) and Invesco S&P Smallcap 600 GARP ETF (GRPZ). 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.

	JHSC	GRPZ	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.77	-0.25
Sortino ratio: Return per unit of downside risk	2.29	2.70	-0.41
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.54	3.27	-0.73
Martin ratio: Return relative to average drawdown	8.82	9.39	-0.56

JHSC vs. GRPZ - Sharpe Ratio Comparison

The current JHSC Sharpe Ratio is 1.53, which is comparable to the GRPZ Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of JHSC and GRPZ, 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

JHSC vs. GRPZ - Drawdown Comparison

The maximum JHSC drawdown since its inception was -42.66%, which is greater than GRPZ's maximum drawdown of -27.87%. Use the drawdown chart below to compare losses from any high point for JHSC and GRPZ.

Drawdown Indicators

	JHSC	GRPZ	Difference
Max Drawdown Largest peak-to-trough decline	-42.66%	-27.87%	-14.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-9.53%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-25.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.21%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.68%	-6.68%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	3.31%	-0.54%

Volatility

JHSC vs. GRPZ - Volatility Comparison

The current volatility for John Hancock Multifactor Small Cap ETF (JHSC) is 3.44%, while Invesco S&P Smallcap 600 GARP ETF (GRPZ) has a volatility of 3.78%. This indicates that JHSC experiences smaller price fluctuations and is considered to be less risky than GRPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHSC	GRPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	3.78%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	11.24%	11.77%	-0.53%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	17.53%	-1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.10%	20.87%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.11%	20.87%	+1.24%

JHSC vs. GRPZ - Expense Ratio Comparison

JHSC has a 0.42% expense ratio, which is higher than GRPZ's 0.35% expense ratio.

Dividends

JHSC vs. GRPZ - Dividend Comparison

JHSC's dividend yield for the trailing twelve months is around 1.00%, more than GRPZ's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GRPZ Invesco S&P Smallcap 600 GARP ETF	0.87%	0.97%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JHSC John Hancock Multifactor Small Cap ETF	1.00%	1.13%	0.96%	0.98%	1.13%	1.08%	1.12%	1.14%	1.09%

Frequently Asked Questions

Can I hold both JHSC and GRPZ in my portfolio?

JHSC and GRPZ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHSC or GRPZ?

GRPZ has higher volatility (3.78%) compared to JHSC (3.44%). In terms of maximum drawdown, JHSC dropped -42.66% vs GRPZ's -27.87%.

Which ETF is better, JHSC or GRPZ?

On 1-year performance, GRPZ leads with 30.97% vs 24.34% for JHSC. On fees, GRPZ is cheaper at 0.35% per year. On volatility, JHSC has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHSC or GRPZ?

Over the 1-year period, GRPZ has performed better with a 30.97% return vs 24.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHSC or GRPZ?

GRPZ is cheaper with a 0.35% expense ratio, compared with 0.42% for JHSC.

Which ETF pays a higher dividend yield, JHSC or GRPZ?

JHSC has the higher dividend yield at 1.00%, compared with 0.87% for GRPZ.

What is the main difference between JHSC and GRPZ?

JHSC tracks John Hancock Dimensional Small Cap Index, while GRPZ tracks S&P SmallCap 600 GARP Index. They also come from different issuers: Manulife and Invesco. Their fees differ too: 0.42% for JHSC and 0.35% for GRPZ.

Which has better risk-adjusted returns?

GRPZ currently has the higher Sharpe Ratio (1.77 vs 1.52), 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.