TLTE vs. JHID

Last updated Jul 17, 2026

TLTE (FlexShares Morningstar Emerging Markets Factor Tilt Index) and JHID (John Hancock International High Dividend ETF) are both Foreign Large Cap Equities funds. TLTE is passively managed, while JHID is actively managed. Over the past 3 years, TLTE returned 17.50%/yr vs 19.96%/yr for JHID. A 0.72 correlation means they provide meaningful diversification when combined. TLTE charges 0.59%/yr vs 0.46%/yr for JHID.

Performance

TLTE vs. JHID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and John Hancock International High Dividend ETF (JHID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLTE achieves a 15.44% return, which is significantly higher than JHID's 14.58% return.

TLTE

• 1D: -1.72%
• 1M: -6.86%
• 6M: 9.10%
• YTD: 15.44%
• 1Y: 28.07%
• 3Y*: 17.50%
• 5Y*: 6.92%
• 10Y*: 8.17%

JHID

• 1D: -0.44%
• 1M: -0.18%
• 6M: 10.79%
• YTD: 14.58%
• 1Y: 31.71%
• 3Y*: 19.96%
• 5Y*: —
• 10Y*: —

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

TLTE vs. JHID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index	15.44%	30.21%	3.53%	13.62%	0.54%
JHID John Hancock International High Dividend ETF	14.58%	41.47%	3.62%	19.47%	-0.42%

Correlation

The correlation between TLTE and JHID is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Dec 21, 2022	0.72

The correlation between TLTE and JHID has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.

TLTE vs. JHID - Sectors Allocation Comparison

Sectors	TLTE	JHID
Technology	33.5%	9.6%
Financial Services	17.7%	28.6%
Industrials	10.5%	15.7%
Consumer Cyclical	9.9%	4.8%
Basic Materials	7.0%	6.6%
Communication Services	4.2%	2.8%
Real Estate	4.1%	5.8%
Consumer Defensive	3.7%	7.9%
Energy	3.7%	6.0%
Utilities	2.9%	5.8%
Healthcare	2.8%	6.4%

Return for Risk

TLTE vs. JHID — Risk / Return Rank

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

TLTE

TLTE Risk / Return Rank: 49
TLTE Sharpe Ratio Rank: 45
TLTE Sortino Ratio Rank: 42
TLTE Omega Ratio Rank: 49
TLTE Calmar Ratio Rank: 54
TLTE Martin Ratio Rank: 55

JHID

JHID Risk / Return Rank: 88
JHID Sharpe Ratio Rank: 91
JHID Sortino Ratio Rank: 90
JHID Omega Ratio Rank: 89
JHID Calmar Ratio Rank: 85
JHID Martin Ratio Rank: 87

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.

TLTE vs. JHID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and John Hancock International High Dividend ETF (JHID). 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.

	TLTE	JHID	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.45	-1.15
Sortino ratio: Return per unit of downside risk	1.78	3.42	-1.64
Omega ratio: Gain probability vs. loss probability	1.25	1.44	-0.19
Calmar ratio: Return relative to maximum drawdown	2.16	3.78	-1.62
Martin ratio: Return relative to average drawdown	7.44	14.44	-6.99

TLTE vs. JHID - Sharpe Ratio Comparison

The current TLTE Sharpe Ratio is 1.29, which is lower than the JHID Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of TLTE and JHID, 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

TLTE vs. JHID - Drawdown Comparison

The maximum TLTE drawdown since its inception was -44.21%, which is greater than JHID's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for TLTE and JHID.

Drawdown Indicators

	TLTE	JHID	Difference
Max Drawdown Largest peak-to-trough decline	-44.21%	-12.42%	-31.79%
Max Drawdown (1Y) Largest decline over 1 year	-13.04%	-8.42%	-4.62%
Max Drawdown (3Y) Largest decline over 3 years	-17.43%	-12.42%	-5.01%
Max Drawdown (5Y) Largest decline over 5 years	-30.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.21%	—	—
Current Drawdown Current decline from peak	-8.76%	-0.44%	-8.32%
Average Drawdown Average peak-to-trough decline	-12.09%	-2.43%	-9.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	2.20%	+1.58%

Volatility

TLTE vs. JHID - Volatility Comparison

FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has a higher volatility of 8.88% compared to John Hancock International High Dividend ETF (JHID) at 3.19%. This indicates that TLTE's price experiences larger fluctuations and is considered to be riskier than JHID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLTE	JHID	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	3.19%	+5.69%
Volatility (6M) Calculated over the trailing 6-month period	20.15%	11.09%	+9.06%
Volatility (1Y) Calculated over the trailing 1-year period	21.82%	13.03%	+8.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	13.90%	+3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	13.90%	+4.74%

TLTE vs. JHID - Expense Ratio Comparison

TLTE has a 0.59% expense ratio, which is higher than JHID's 0.46% expense ratio.

Dividends

TLTE vs. JHID - Dividend Comparison

TLTE's dividend yield for the trailing twelve months is around 3.39%, which matches JHID's 3.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHID John Hancock International High Dividend ETF	3.42%	3.13%	5.15%	5.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index	3.39%	3.76%	3.73%	4.03%	4.42%	3.21%	1.95%	3.23%	3.02%	2.12%	2.30%	2.00%

Frequently Asked Questions

Can I hold both TLTE and JHID in my portfolio?

TLTE and JHID have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLTE or JHID?

TLTE has higher volatility (8.88%) compared to JHID (3.19%). In terms of maximum drawdown, TLTE dropped -44.21% vs JHID's -12.42%.

Which ETF is better, TLTE or JHID?

On 3-year performance, JHID leads with 19.96% vs 17.50% for TLTE. On fees, JHID is cheaper at 0.46% per year. On volatility, JHID has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TLTE or JHID?

Over the 3-year period, JHID has performed better with a 19.96% return vs 17.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TLTE or JHID?

JHID is cheaper with a 0.46% expense ratio, compared with 0.59% for TLTE.

Which ETF pays a higher dividend yield, TLTE or JHID?

JHID has the higher dividend yield at 3.42%, compared with 3.39% for TLTE.

What is the main difference between TLTE and JHID?

They also come from different issuers: Northern Trust and John Hancock. Their fees differ too: 0.59% for TLTE and 0.46% for JHID.

Which has better risk-adjusted returns?

JHID currently has the higher Sharpe Ratio (2.45 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.