JHDV vs SPY
JHDV vs SPY
John Hancock US High Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. JHDV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | JHDV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.09% | |
| AUM | $11M | $789.1B | |
| Dividend Yield | 2.05% | 1.01% | |
| Holdings | 74 | 505 | |
| YTD Return | +20.67% | +13.79% | |
| 1Y Return | +28.13% | +23.66% | |
| 3Y Return (annualized) | +20.94% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 13.7% | 15.3% | |
| Max Drawdown | -19.0% | -56.5% | |
| Fund Family | John Hancock Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2022 | Jan 22, 1993 |
JHDV vs SPY Performance
John Hancock US High Dividend ETF (JHDV) is a ETF from John Hancock Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JHDV returned +28.13% while SPY returned +23.66%. Year to date, JHDV is up 20.67% versus a gain of 13.79% for SPY.
Over three years, JHDV compounded at +20.94% per year against +21.40% for SPY. Across the full 4-year window we track, JHDV has the edge at +20.89% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.7% for JHDV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.0% for JHDV and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHDV charges 0.34% per year while SPY charges 0.09%. On a $10,000 position that is $34 vs $9 annually, a gap of $25 per year that compounds over a long holding period. On income, JHDV currently yields 2.05% against 1.01% for SPY.
Holdings Overlap
JHDV and SPY share 63 holdings out of 513 unique holdings combined, representing a 36.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JHDV | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 7.30% | 7.31% | 0.01% |
| AAPL | 5.24% | 7.09% | 1.85% |
| MSFT | 4.79% | 4.43% | 0.36% |
| AVGO | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| VRT | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
See all 10 holdings JHDV shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, JHDV or SPY?
JHDV has an expense ratio of 0.34% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, JHDV or SPY?
Over the past year JHDV returned +28.13% vs +23.66% for SPY, so JHDV leads on 1-year performance. Over the longest common window we track (4 years), JHDV annualized +20.89% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, JHDV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.7% for JHDV. Worst drawdown: JHDV -19.0% vs SPY -56.5%.
Should I hold both JHDV and SPY?
JHDV and SPY have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JHDV and SPY?
JHDV and SPY share 63 common holdings with a 36.1% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, JHDV or SPY?
JHDV yields 2.05% while SPY yields 1.01%, so JHDV currently pays the higher dividend yield.
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