QSML vs. JHSC

Last updated Jul 15, 2026

QSML (Wisdomtree U.S. Smallcap Quality Growth Fund) and JHSC (John Hancock Multifactor Small Cap ETF) are both Small Cap Growth Equities funds - QSML tracks the WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross while JHSC tracks the John Hancock Dimensional Small Cap Index. Both are passively managed. Over the past year, QSML returned 24.90% vs 20.74% for JHSC. Their correlation of 0.94 suggests significant overlap in exposure. QSML charges 0.38%/yr vs 0.42%/yr for JHSC.

Performance

QSML vs. JHSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) and John Hancock Multifactor Small Cap ETF (JHSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QSML achieves a 16.30% return, which is significantly higher than JHSC's 14.88% return.

QSML

• 1D: -0.09%
• 1M: 5.00%
• 6M: 11.55%
• YTD: 16.30%
• 1Y: 24.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JHSC

• 1D: 0.48%
• 1M: 0.50%
• 6M: 8.74%
• YTD: 14.88%
• 1Y: 20.74%
• 3Y*: 13.30%
• 5Y*: 8.28%
• 10Y*: —

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

QSML vs. JHSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	16.30%	5.49%	9.93%
JHSC John Hancock Multifactor Small Cap ETF	14.88%	6.88%	12.46%

Correlation

The correlation between QSML and JHSC is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.94

The correlation between QSML and JHSC has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

QSML vs. JHSC - Sectors Allocation Comparison

Sectors	QSML	JHSC
Technology	20.1%	14.7%
Industrials	17.7%	16.7%
Consumer Cyclical	15.9%	13.5%
Financial Services	13.8%	18.6%
Healthcare	9.4%	8.4%
Energy	8.6%	6.7%
Consumer Defensive	7.0%	3.1%
Communication Services	3.8%	2.8%
Basic Materials	3.1%	5.2%
Real Estate	0.3%	6.2%
Utilities	0.3%	3.8%

Return for Risk

QSML vs. JHSC — Risk / Return Rank

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

QSML

QSML Risk / Return Rank: 54
QSML Sharpe Ratio Rank: 51
QSML Sortino Ratio Rank: 56
QSML Omega Ratio Rank: 47
QSML Calmar Ratio Rank: 58
QSML Martin Ratio Rank: 56

JHSC

JHSC Risk / Return Rank: 49
JHSC Sharpe Ratio Rank: 45
JHSC Sortino Ratio Rank: 48
JHSC Omega Ratio Rank: 43
JHSC Calmar Ratio Rank: 54
JHSC Martin Ratio Rank: 55

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.

QSML vs. JHSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) and John Hancock Multifactor Small Cap ETF (JHSC). 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.

	QSML	JHSC	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.29	+0.14
Sortino ratio: Return per unit of downside risk	2.17	1.95	+0.21
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.02
Calmar ratio: Return relative to maximum drawdown	2.33	2.16	+0.17
Martin ratio: Return relative to average drawdown	7.81	7.52	+0.29

QSML vs. JHSC - Sharpe Ratio Comparison

The current QSML Sharpe Ratio is 1.43, which is comparable to the JHSC Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of QSML and JHSC, 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

QSML vs. JHSC - Drawdown Comparison

The maximum QSML drawdown since its inception was -28.54%, smaller than the maximum JHSC drawdown of -42.66%. Use the drawdown chart below to compare losses from any high point for QSML and JHSC.

Drawdown Indicators

	QSML	JHSC	Difference
Max Drawdown Largest peak-to-trough decline	-28.54%	-42.66%	+14.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	-9.63%	-1.09%
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	-0.94%	-1.05%	+0.11%
Average Drawdown Average peak-to-trough decline	-5.73%	-7.69%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.77%	+0.43%

Volatility

QSML vs. JHSC - Volatility Comparison

Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) has a higher volatility of 4.14% compared to John Hancock Multifactor Small Cap ETF (JHSC) at 3.39%. This indicates that QSML's price experiences larger fluctuations and is considered to be riskier than JHSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QSML	JHSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	3.39%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	12.17%	11.21%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	16.18%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.66%	20.11%	+0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.66%	22.12%	-1.46%

QSML vs. JHSC - Expense Ratio Comparison

QSML has a 0.38% expense ratio, which is lower than JHSC's 0.42% expense ratio.

Dividends

QSML vs. JHSC - Dividend Comparison

QSML's dividend yield for the trailing twelve months is around 0.54%, less than JHSC's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JHSC John Hancock Multifactor Small Cap ETF	1.02%	1.13%	0.96%	0.98%	1.13%	1.08%	1.12%	1.14%	1.09%
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	0.54%	0.62%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QSML and JHSC in my portfolio?

With a correlation of 0.91, QSML and JHSC 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, QSML or JHSC?

QSML has higher volatility (4.14%) compared to JHSC (3.39%). In terms of maximum drawdown, QSML dropped -28.54% vs JHSC's -42.66%.

Which ETF is better, QSML or JHSC?

On 1-year performance, QSML leads with 24.90% vs 20.74% for JHSC. On fees, QSML is cheaper at 0.38% per year. On volatility, JHSC has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QSML or JHSC?

Over the 1-year period, QSML has performed better with a 24.90% return vs 20.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QSML or JHSC?

QSML is cheaper with a 0.38% expense ratio, compared with 0.42% for JHSC.

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

JHSC has the higher dividend yield at 1.02%, compared with 0.54% for QSML.

What is the main difference between QSML and JHSC?

QSML tracks WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while JHSC tracks John Hancock Dimensional Small Cap Index. They also come from different issuers: WisdomTree and Manulife. Their fees differ too: 0.38% for QSML and 0.42% for JHSC.

Which has better risk-adjusted returns?

QSML currently has the higher Sharpe Ratio (1.43 vs 1.29), 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.