JHML vs VOO
JHML vs VOO
John Hancock Multifactor Large Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. JHML delivered stronger 1-year returns. JHML offers more diversification with 734 holdings.
Side-by-Side Comparison
| Metric | JHML | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $1.2B | $979.0B | |
| Dividend Yield | 0.97% | 1.09% | |
| Holdings | 780 | 509 | |
| YTD Return | +12.78% | +11.51% | |
| 1Y Return | +21.91% | +21.46% | |
| 3Y Return (annualized) | +18.97% | +20.86% | |
| 5Y Return (annualized) | +11.40% | +13.01% | |
| Volatility (annualized) | 15.4% | 14.1% | |
| Max Drawdown | -36.1% | -34.3% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 28, 2015 | Sep 7, 2010 |
JHML vs VOO Performance
John Hancock Multifactor Large Cap ETF (JHML) is a ETF from John Hancock Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JHML returned +21.91% while VOO returned +21.46%. Year to date, JHML is up 12.78% versus a gain of 11.51% for VOO.
Over three years, JHML compounded at +18.97% per year against +20.86% for VOO; over five years the annualized figures are +11.40% and +13.01% respectively. Across the full 11-year window we track, VOO has the edge at +13.44% annualized vs +13.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHML has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.1% for VOO. 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 -36.1% for JHML and -34.3% for VOO. 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHML charges 0.29% per year while VOO charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, JHML currently yields 0.97% against 1.09% for VOO.
Holdings Overlap
JHML and VOO share 469 holdings out of 770 unique holdings combined, representing a 74.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in JHML | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 4.54% | 7.51% | 2.97% |
| AAPL | 4.15% | 6.59% | 2.44% |
| MSFT | 2.86% | 4.30% | 1.44% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings JHML shares with VOO 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, JHML or VOO?
JHML has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, JHML or VOO?
Over the past year JHML returned +21.91% vs +21.46% for VOO, so JHML leads on 1-year performance. Over the longest common window we track (11 years), JHML annualized +13.33% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, JHML or VOO?
JHML has been the more volatile fund at 15.4% annualized versus 14.1% for VOO. Worst drawdown: JHML -36.1% vs VOO -34.3%.
Should I hold both JHML and VOO?
JHML and VOO have a monthly-return correlation of 0.98, 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 JHML and VOO?
JHML and VOO share 469 common holdings with a 74.4% weight overlap. Combined, they hold 770 unique securities.
Which pays a higher dividend, JHML or VOO?
JHML yields 0.97% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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