RZG vs. JHSC

Last updated Jul 15, 2026

RZG (Invesco S&P SmallCap 600® Pure Growth ETF) and JHSC (John Hancock Multifactor Small Cap ETF) are both Small Cap Growth Equities funds - RZG tracks the S&P Small Cap 600 Pure Growth while JHSC tracks the John Hancock Dimensional Small Cap Index. Both are passively managed. Over the past 5 years, RZG returned 7.32%/yr vs 8.28%/yr for JHSC. Their correlation of 0.92 suggests significant overlap in exposure. RZG charges 0.35%/yr vs 0.42%/yr for JHSC.

Performance

RZG vs. JHSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap 600® Pure Growth ETF (RZG) 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, RZG achieves a 29.59% return, which is significantly higher than JHSC's 14.88% return.

RZG

• 1D: 0.91%
• 1M: 3.77%
• 6M: 23.45%
• YTD: 29.59%
• 1Y: 35.93%
• 3Y*: 19.06%
• 5Y*: 7.32%
• 10Y*: 10.19%

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)

RZG vs. JHSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RZG Invesco S&P SmallCap 600® Pure Growth ETF	29.59%	10.22%	9.84%	19.15%	-29.00%	21.01%	17.76%	14.25%	-8.70%	6.39%
JHSC John Hancock Multifactor Small Cap ETF	14.88%	6.88%	9.74%	20.77%	-14.65%	19.55%	11.60%	24.43%	-12.50%	4.48%

Correlation

The correlation between RZG and JHSC is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.92

The correlation between RZG and JHSC has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

RZG vs. JHSC - Sectors Allocation Comparison

Sectors	RZG	JHSC
Healthcare	22.7%	8.4%
Industrials	17.1%	16.7%
Technology	16.6%	14.7%
Financial Services	14.2%	18.6%
Consumer Cyclical	9.1%	13.5%
Consumer Defensive	5.4%	3.1%
Real Estate	4.4%	6.2%
Communication Services	3.5%	2.8%
Energy	2.7%	6.7%
Basic Materials	0.4%	5.2%
Utilities	0.4%	3.8%

Return for Risk

RZG vs. JHSC — Risk / Return Rank

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

RZG

RZG Risk / Return Rank: 79
RZG Sharpe Ratio Rank: 75
RZG Sortino Ratio Rank: 79
RZG Omega Ratio Rank: 68
RZG Calmar Ratio Rank: 89
RZG Martin Ratio Rank: 86

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.

RZG vs. JHSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Growth ETF (RZG) 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.

	RZG	JHSC	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.29	+0.61
Sortino ratio: Return per unit of downside risk	2.81	1.95	+0.85
Omega ratio: Gain probability vs. loss probability	1.32	1.23	+0.09
Calmar ratio: Return relative to maximum drawdown	4.19	2.16	+2.02
Martin ratio: Return relative to average drawdown	13.97	7.52	+6.46

RZG vs. JHSC - Sharpe Ratio Comparison

The current RZG Sharpe Ratio is 1.89, which is higher than the JHSC Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of RZG 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

RZG vs. JHSC - Drawdown Comparison

The maximum RZG drawdown since its inception was -58.52%, which is greater than JHSC's maximum drawdown of -42.66%. Use the drawdown chart below to compare losses from any high point for RZG and JHSC.

Drawdown Indicators

	RZG	JHSC	Difference
Max Drawdown Largest peak-to-trough decline	-58.52%	-42.66%	-15.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-9.63%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	-25.73%	-25.16%	-0.57%
Max Drawdown (5Y) Largest decline over 5 years	-38.33%	-25.21%	-13.12%
Max Drawdown (10Y) Largest decline over 10 years	-54.02%	—	—
Current Drawdown Current decline from peak	-3.38%	-1.05%	-2.33%
Average Drawdown Average peak-to-trough decline	-12.06%	-7.69%	-4.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.77%	-0.19%

Volatility

RZG vs. JHSC - Volatility Comparison

Invesco S&P SmallCap 600® Pure Growth ETF (RZG) has a higher volatility of 4.95% compared to John Hancock Multifactor Small Cap ETF (JHSC) at 3.39%. This indicates that RZG'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

	RZG	JHSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	3.39%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	14.35%	11.21%	+3.14%
Volatility (1Y) Calculated over the trailing 1-year period	19.06%	16.18%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.04%	20.11%	+2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.62%	22.12%	+2.50%

RZG vs. JHSC - Expense Ratio Comparison

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

Dividends

RZG vs. JHSC - Dividend Comparison

RZG's dividend yield for the trailing twelve months is around 0.43%, 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%
RZG Invesco S&P SmallCap 600® Pure Growth ETF	0.43%	0.37%	0.95%	1.43%	1.59%	0.22%	0.49%	0.70%	0.46%	0.44%	0.65%	0.70%

Frequently Asked Questions

Can I hold both RZG and JHSC in my portfolio?

RZG and JHSC have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RZG or JHSC?

RZG has higher volatility (4.95%) compared to JHSC (3.39%). In terms of maximum drawdown, RZG dropped -58.52% vs JHSC's -42.66%.

Which ETF is better, RZG or JHSC?

On 5-year performance, JHSC leads with 8.28% vs 7.32% for RZG. On fees, RZG is cheaper at 0.35% 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, RZG or JHSC?

Over the 5-year period, JHSC has performed better with a 8.28% return vs 7.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RZG or JHSC?

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

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

JHSC has the higher dividend yield at 1.02%, compared with 0.43% for RZG.

What is the main difference between RZG and JHSC?

RZG tracks S&P Small Cap 600 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 RZG and 0.42% for JHSC.

Which has better risk-adjusted returns?

RZG currently has the higher Sharpe Ratio (1.89 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.