JHSC vs. JPSE

Last updated Jun 4, 2026

JHSC (John Hancock Multifactor Small Cap ETF) and JPSE (JPMorgan Diversified Return U.S. Small Cap Equity ETF) are both Small Cap Growth Equities funds - JHSC tracks the John Hancock Dimensional Small Cap Index while JPSE tracks the JPMorgan Diversified Factor US Small Cap Equity Index. Both are passively managed. Over the past 5 years, JHSC returned 7.04%/yr vs 7.07%/yr for JPSE. With a 0.96 correlation, they move nearly in lockstep. JHSC charges 0.42%/yr vs 0.29%/yr for JPSE.

Performance

JHSC vs. JPSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Multifactor Small Cap ETF (JHSC) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHSC achieves a 11.55% return, which is significantly lower than JPSE's 15.46% return.

JHSC

• 1D: -0.76%
• 1M: 2.04%
• YTD: 11.55%
• 6M: 10.59%
• 1Y: 24.10%
• 3Y*: 14.51%
• 5Y*: 7.04%
• 10Y*: —

JPSE

• 1D: -1.03%
• 1M: 0.95%
• YTD: 15.46%
• 6M: 14.54%
• 1Y: 31.79%
• 3Y*: 15.24%
• 5Y*: 7.07%
• 10Y*: —

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

JHSC vs. JPSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHSC John Hancock Multifactor Small Cap ETF	11.55%	6.88%	9.74%	20.77%	-14.65%	19.55%	11.60%	24.43%	-12.50%	4.48%
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF	15.46%	8.77%	8.07%	15.87%	-14.40%	29.31%	12.49%	22.95%	-8.61%	4.99%

Correlation

The correlation between JHSC and JPSE is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.96

The correlation between JHSC and JPSE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

JHSC vs. JPSE - Sectors Allocation Comparison

Sectors	JHSC	JPSE
Financial Services	18.3%	9.7%
Industrials	16.8%	11.7%
Technology	14.1%	14.6%
Consumer Cyclical	14.1%	7.9%
Energy	7.5%	8.9%
Healthcare	7.4%	9.0%
Real Estate	6.0%	13.1%
Basic Materials	5.1%	9.6%
Utilities	4.2%	4.8%
Consumer Defensive	3.4%	8.1%
Communication Services	3.0%	2.7%

Return for Risk

JHSC vs. JPSE — Risk / Return Rank

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

JHSC

JHSC Risk / Return Rank: 46
JHSC Sharpe Ratio Rank: 42
JHSC Sortino Ratio Rank: 45
JHSC Omega Ratio Rank: 40
JHSC Calmar Ratio Rank: 51
JHSC Martin Ratio Rank: 52

JPSE

JPSE Risk / Return Rank: 66
JPSE Sharpe Ratio Rank: 59
JPSE Sortino Ratio Rank: 61
JPSE Omega Ratio Rank: 56
JPSE Calmar Ratio Rank: 78
JPSE Martin Ratio Rank: 75

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. JPSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Small Cap ETF (JHSC) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE). 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.

	JHSC	JPSE	Difference
Sharpe ratio Return per unit of total volatility	1.49	2.00	-0.51
Sortino ratio Return per unit of downside risk	2.22	2.89	-0.67
Omega ratio Gain probability vs. loss probability	1.26	1.34	-0.08
Calmar ratio Return relative to maximum drawdown	2.51	3.99	-1.47
Martin ratio Return relative to average drawdown	8.69	14.20	-5.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHSC vs. JPSE - Sharpe Ratio Comparison

The current JHSC Sharpe Ratio is 1.49, which is comparable to the JPSE Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of JHSC and JPSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JHSC	JPSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	2.00	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.35	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.49	-0.09

Drawdowns

JHSC vs. JPSE - Drawdown Comparison

The maximum JHSC drawdown since its inception was -42.66%, roughly equal to the maximum JPSE drawdown of -43.02%. Use the drawdown chart below to compare losses from any high point for JHSC and JPSE.

Drawdown Indicators

	JHSC	JPSE	Difference
Max Drawdown Largest peak-to-trough decline	-42.66%	-43.02%	+0.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-8.00%	-1.63%
Max Drawdown (3Y) Largest decline over 3 years	-25.16%	-25.49%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-25.21%	-25.56%	+0.35%
Current Drawdown Current decline from peak	-0.80%	-1.37%	+0.57%
Average Drawdown Average peak-to-trough decline	-7.78%	-7.42%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.24%	+0.54%

Volatility

JHSC vs. JPSE - Volatility Comparison

The current volatility for John Hancock Multifactor Small Cap ETF (JHSC) is 4.16%, while JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) has a volatility of 4.52%. This indicates that JHSC experiences smaller price fluctuations and is considered to be less risky than JPSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHSC	JPSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	4.52%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	11.11%	10.90%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	16.27%	16.00%	+0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.15%	20.08%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.21%	21.82%	+0.39%

JHSC vs. JPSE - Expense Ratio Comparison

JHSC has a 0.42% expense ratio, which is higher than JPSE's 0.29% expense ratio.

Dividends

JHSC vs. JPSE - Dividend Comparison

JHSC's dividend yield for the trailing twelve months is around 1.01%, less than JPSE's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JHSC John Hancock Multifactor Small Cap ETF	1.01%	1.13%	0.96%	0.98%	1.13%	1.08%	1.12%	1.14%	1.09%	0.00%	0.00%
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF	1.38%	1.62%	1.66%	1.76%	1.55%	1.24%	1.32%	1.23%	1.18%	0.74%	0.14%

Frequently Asked Questions

Can I hold both JHSC and JPSE in my portfolio?

With a correlation of 0.92, JHSC and JPSE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JHSC or JPSE?

JPSE has higher volatility (4.52%) compared to JHSC (4.16%). In terms of maximum drawdown, JHSC dropped -42.66% vs JPSE's -43.02%.

Which ETF is better, JHSC or JPSE?

On 5-year performance, JPSE leads with 7.07% vs 7.04% for JHSC. On fees, JPSE is cheaper at 0.29% per year. On volatility, JHSC has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHSC or JPSE?

Over the 5-year period, JPSE has performed better with a 7.07% return vs 7.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHSC or JPSE?

JPSE is cheaper with a 0.29% expense ratio, compared with 0.42% for JHSC.

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

JPSE has the higher dividend yield at 1.38%, compared with 1.01% for JHSC.

What is the main difference between JHSC and JPSE?

JHSC tracks John Hancock Dimensional Small Cap Index, while JPSE tracks JPMorgan Diversified Factor US Small Cap Equity Index. They also come from different issuers: Manulife and JPMorgan. Their fees differ too: 0.42% for JHSC and 0.29% for JPSE.

Which has better risk-adjusted returns?

JPSE currently has the higher Sharpe Ratio (2.00 vs 1.49), 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.