JIRE vs. JHEM
Compare and contrast key facts about JPMorgan International Research Enhanced Equity ETF (JIRE) and John Hancock Multifactor Emerging Markets ETF (JHEM).
JIRE and JHEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JIRE is an actively managed fund by JPMorgan. It was launched on Oct 28, 1992. JHEM is a passively managed fund by Manulife that tracks the performance of the John Hancock Dimensional Emerging Markets Index. It was launched on Sep 27, 2018.
Performance
JIRE vs. JHEM - Performance Comparison
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JIRE vs. JHEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JIRE JPMorgan International Research Enhanced Equity ETF | 1.15% | 31.83% | 3.15% | 20.00% | 5.73% |
JHEM John Hancock Multifactor Emerging Markets ETF | 4.13% | 30.49% | 4.58% | 12.94% | -2.91% |
Returns By Period
In the year-to-date period, JIRE achieves a 1.15% return, which is significantly lower than JHEM's 4.13% return.
JIRE
- 1D
- 3.19%
- 1M
- -8.21%
- YTD
- 1.15%
- 6M
- 6.09%
- 1Y
- 22.44%
- 3Y*
- 14.48%
- 5Y*
- —
- 10Y*
- —
JHEM
- 1D
- 3.25%
- 1M
- -9.49%
- YTD
- 4.13%
- 6M
- 9.90%
- 1Y
- 31.74%
- 3Y*
- 15.38%
- 5Y*
- 4.95%
- 10Y*
- —
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JIRE vs. JHEM - Expense Ratio Comparison
JIRE has a 0.24% expense ratio, which is lower than JHEM's 0.49% expense ratio.
Return for Risk
JIRE vs. JHEM — Risk / Return Rank
JIRE
JHEM
JIRE vs. JHEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Research Enhanced Equity ETF (JIRE) and John Hancock Multifactor Emerging Markets ETF (JHEM). 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.
| JIRE | JHEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.70 | -0.43 |
Sortino ratioReturn per unit of downside risk | 1.79 | 2.28 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.57 | -0.78 |
Martin ratioReturn relative to average drawdown | 6.92 | 10.02 | -3.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JIRE | JHEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.70 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.33 | +0.65 |
Correlation
The correlation between JIRE and JHEM is 0.73, 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.
Dividends
JIRE vs. JHEM - Dividend Comparison
JIRE's dividend yield for the trailing twelve months is around 2.96%, more than JHEM's 2.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JIRE JPMorgan International Research Enhanced Equity ETF | 2.96% | 2.99% | 3.03% | 2.74% | 2.62% | 0.00% | 0.00% | 0.00% | 0.00% |
JHEM John Hancock Multifactor Emerging Markets ETF | 2.30% | 2.39% | 2.93% | 2.87% | 2.84% | 2.71% | 1.67% | 2.37% | 0.21% |
Drawdowns
JIRE vs. JHEM - Drawdown Comparison
The maximum JIRE drawdown since its inception was -16.11%, smaller than the maximum JHEM drawdown of -34.99%. Use the drawdown chart below to compare losses from any high point for JIRE and JHEM.
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Drawdown Indicators
| JIRE | JHEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -34.99% | +18.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -12.34% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.15% | — |
Current DrawdownCurrent decline from peak | -8.47% | -9.49% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -10.12% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.17% | -0.11% |
Volatility
JIRE vs. JHEM - Volatility Comparison
The current volatility for JPMorgan International Research Enhanced Equity ETF (JIRE) is 7.96%, while John Hancock Multifactor Emerging Markets ETF (JHEM) has a volatility of 9.66%. This indicates that JIRE experiences smaller price fluctuations and is considered to be less risky than JHEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIRE | JHEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 9.66% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.37% | 14.04% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 18.81% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 17.15% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 20.45% | -4.31% |