RFG vs. JHSC

Last updated Jul 14, 2026

RFG (Invesco S&P MidCap 400® Pure Growth ETF) and JHSC (John Hancock Multifactor Small Cap ETF) are both Small Cap Growth Equities funds - RFG tracks the S&P Mid Cap 400 Pure Growth while JHSC tracks the John Hancock Dimensional Small Cap Index. Both are passively managed. Over the past 5 years, RFG returned 7.22%/yr vs 8.08%/yr for JHSC. Their correlation of 0.90 suggests significant overlap in exposure. RFG charges 0.35%/yr vs 0.42%/yr for JHSC.

Performance

RFG vs. JHSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400® Pure Growth ETF (RFG) 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, RFG achieves a 15.53% return, which is significantly higher than JHSC's 14.33% return.

RFG

• 1D: -1.46%
• 1M: -4.63%
• 6M: 8.87%
• YTD: 15.53%
• 1Y: 22.62%
• 3Y*: 15.72%
• 5Y*: 7.22%
• 10Y*: 9.73%

JHSC

• 1D: -0.60%
• 1M: 0.02%
• 6M: 8.44%
• YTD: 14.33%
• 1Y: 20.65%
• 3Y*: 13.12%
• 5Y*: 8.08%
• 10Y*: —

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

RFG vs. JHSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RFG Invesco S&P MidCap 400® Pure Growth ETF	15.53%	8.80%	17.80%	16.42%	-21.70%	13.81%	32.86%	17.09%	-13.98%	2.67%
JHSC John Hancock Multifactor Small Cap ETF	14.33%	6.88%	9.74%	20.77%	-14.65%	19.55%	11.60%	24.43%	-12.50%	4.48%

Correlation

The correlation between RFG and JHSC is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.90

The correlation between RFG and JHSC has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

RFG vs. JHSC - Sectors Allocation Comparison

Sectors	RFG	JHSC
Industrials	32.3%	16.7%
Technology	22.8%	14.7%
Healthcare	19.0%	8.4%
Energy	4.9%	6.7%
Consumer Defensive	4.8%	3.1%
Financial Services	3.6%	18.6%
Consumer Cyclical	3.0%	13.5%
Basic Materials	2.9%	5.2%
Utilities	2.6%	3.8%
Real Estate	1.8%	6.2%
Communication Services	0.5%	2.8%

Return for Risk

RFG vs. JHSC — Risk / Return Rank

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

RFG

RFG Risk / Return Rank: 47
RFG Sharpe Ratio Rank: 41
RFG Sortino Ratio Rank: 41
RFG Omega Ratio Rank: 38
RFG Calmar Ratio Rank: 55
RFG Martin Ratio Rank: 60

JHSC

JHSC Risk / Return Rank: 49
JHSC Sharpe Ratio Rank: 46
JHSC Sortino Ratio Rank: 48
JHSC Omega Ratio Rank: 43
JHSC Calmar Ratio Rank: 54
JHSC Martin Ratio Rank: 54

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.

RFG vs. JHSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Growth ETF (RFG) 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.

	RFG	JHSC	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.28	-0.12
Sortino ratio: Return per unit of downside risk	1.73	1.95	-0.22
Omega ratio: Gain probability vs. loss probability	1.20	1.23	-0.02
Calmar ratio: Return relative to maximum drawdown	2.18	2.15	+0.03
Martin ratio: Return relative to average drawdown	8.41	7.47	+0.95

RFG vs. JHSC - Sharpe Ratio Comparison

The current RFG Sharpe Ratio is 1.16, which is comparable to the JHSC Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of RFG 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

RFG vs. JHSC - Drawdown Comparison

The maximum RFG drawdown since its inception was -51.93%, which is greater than JHSC's maximum drawdown of -42.66%. Use the drawdown chart below to compare losses from any high point for RFG and JHSC.

Drawdown Indicators

	RFG	JHSC	Difference
Max Drawdown Largest peak-to-trough decline	-51.93%	-42.66%	-9.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.41%	-9.63%	-0.78%
Max Drawdown (3Y) Largest decline over 3 years	-26.71%	-25.16%	-1.55%
Max Drawdown (5Y) Largest decline over 5 years	-35.16%	-25.21%	-9.95%
Max Drawdown (10Y) Largest decline over 10 years	-42.92%	—	—
Current Drawdown Current decline from peak	-6.23%	-1.52%	-4.71%
Average Drawdown Average peak-to-trough decline	-8.93%	-7.69%	-1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.77%	-0.08%

Volatility

RFG vs. JHSC - Volatility Comparison

Invesco S&P MidCap 400® Pure Growth ETF (RFG) has a higher volatility of 6.44% compared to John Hancock Multifactor Small Cap ETF (JHSC) at 3.95%. This indicates that RFG'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

	RFG	JHSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	3.95%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	15.84%	11.24%	+4.60%
Volatility (1Y) Calculated over the trailing 1-year period	19.62%	16.21%	+3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.97%	20.11%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.06%	22.12%	+0.94%

RFG vs. JHSC - Expense Ratio Comparison

RFG has a 0.35% expense ratio, which is lower than JHSC's 0.42% expense ratio.

Dividends

RFG vs. JHSC - Dividend Comparison

RFG's dividend yield for the trailing twelve months is around 0.15%, less than JHSC's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
RFG Invesco S&P MidCap 400® Pure Growth ETF	0.15%	0.43%	0.38%	0.99%	0.78%	0.05%	0.27%	0.64%	0.76%	0.66%	0.35%	0.61%

Frequently Asked Questions

Can I hold both RFG and JHSC in my portfolio?

RFG and JHSC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFG or JHSC?

RFG has higher volatility (6.44%) compared to JHSC (3.95%). In terms of maximum drawdown, RFG dropped -51.93% vs JHSC's -42.66%.

Which ETF is better, RFG or JHSC?

On 5-year performance, JHSC leads with 8.08% vs 7.22% for RFG. On fees, RFG is cheaper at 0.35% per year. On volatility, JHSC has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFG or JHSC?

Over the 5-year period, JHSC has performed better with a 8.08% return vs 7.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFG or JHSC?

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

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

JHSC has the higher dividend yield at 1.02%, compared with 0.15% for RFG.

What is the main difference between RFG and JHSC?

RFG tracks S&P Mid Cap 400 Pure Growth, while JHSC tracks John Hancock Dimensional Small Cap Index. They also come from different issuers: Invesco and Manulife. Their fees differ too: 0.35% for RFG and 0.42% for JHSC.

Which has better risk-adjusted returns?

JHSC currently has the higher Sharpe Ratio (1.28 vs 1.16), 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.