CVLC vs JHML
Calvert US Large-Cap Core Responsible Index ETF vs John Hancock Multifactor Large Cap ETF
Which is better, CVLC or JHML?
Nearly the same fund. CVLC costs less.
CVLC has a lower expense ratio. CVLC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. JHML is less concentrated, with 25.2% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVLC | JHML |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.29% |
| AUM | $1.0B | $1.2B |
| Dividend Yield | 0.93% | 0.96% |
| Holdings | 1,511 | 780 |
| YTD Return | +12.83% | +12.96%Best |
| 1Y Return | +17.38%Best | +17.02% |
| 3Y Return (annualized) | +22.00%Best | +20.26% |
| 5Y Return (annualized) | - | +11.29% |
| Volatility (annualized) | 13.2% | 12.1%Best |
| Max Drawdown | -19.9% | -18.2%Best |
| $10,000 over 3.7 years | $19,146Best | $17,786 |
| Top 10 Weight | 38.2% | 25.2%Best |
| Fund Family | Calvert | John Hancock Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Sep 28, 2015 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVLC vs JHML growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
CVLC vs JHML Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and John Hancock Multifactor Large Cap ETF (JHML) is an ETF from John Hancock Investment Management. Over the past year CVLC returned +17.38% while JHML returned +17.02%. Year to date, CVLC is up 12.83% versus a gain of 12.96% for JHML.
Over three years, CVLC compounded at +22.00% per year against +20.26% for JHML. Across the full 4-year window we track, CVLC has the edge at +19.19% annualized vs +16.84%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.1% for JHML. 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 -19.9% for CVLC and -18.2% for JHML. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVLC charges 0.15% per year while JHML charges 0.29%. On a $10,000 position that is $15 vs $29 annually, a gap of $14 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 0.96% for JHML.
Holdings Overlap
96.9% of CVLC's money is in holdings JHML also owns. 79.9% of JHML's money is in holdings CVLC also owns.
Most of CVLC is already inside JHML. Owning both mostly buys the same companies twice.
581 positions in common, counted across the 759 positions we hold weights for in CVLC and 773 in JHML, against full books of 1,511 and 780.
What only one of them owns
Our book lists 167 positions for JHML that do not appear in our book for CVLC (19.4% of the fund), and 161 for CVLC that do not appear in JHML (2.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVLC | Weight in JHML | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.80% | 4.22% | 3.58% |
| AAPLApple, Inc | 7.03% | 4.29% | 2.74% |
| MSFTMicrosoft Corp | 5.49% | 3.67% | 1.82% |
| GOOGLAlphabet Inc | 5.35% | 2.57% | 2.78% |
| AMZNAmazon.Com Inc | 3.63% | 2.98% | 0.65% |
| AVGOBroadcom Inc | 2.48% | 1.70% | 0.78% |
| MUMicron Technology, Inc. | 1.88% | 1.51% | 0.37% |
| AMDAdvanced Micro Devices Inc | 1.66% | 1.04% | 0.62% |
| LLYEli Lilly & Co. | 1.52% | 1.05% | 0.47% |
| JPMJpmorgan Chase | 1.38% | 1.15% | 0.23% |
96.9% of CVLC is already inside JHML.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVLC or JHML?
CVLC has an expense ratio of 0.15% while JHML charges 0.29%. CVLC is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, CVLC or JHML?
Over the past year CVLC returned +17.38% vs +17.02% for JHML, so CVLC leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.19% vs +16.84% for JHML. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or JHML?
CVLC has been the more volatile fund at 13.2% annualized versus 12.1% for JHML. Worst drawdown: CVLC -19.9% vs JHML -18.2%.
Should I hold both CVLC and JHML?
CVLC and JHML have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CVLC and JHML?
96.9% of CVLC's money is in holdings JHML also owns. 79.9% of JHML's is in holdings CVLC also owns. They hold 581 positions in common, counted across the 759 positions we hold weights for in CVLC and 773 in JHML.
Which pays a higher dividend, CVLC or JHML?
CVLC yields 0.93% while JHML yields 0.96%, so JHML currently pays the higher dividend yield.
Is JHML better than CVLC?
CVLC has a lower expense ratio. CVLC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. JHML is less concentrated, with 25.2% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.