DFVX vs JHML
Dimensional US Large Cap Vector ETF vs John Hancock Multifactor Large Cap ETF
Which is better, DFVX or JHML?
Nearly the same fund. DFVX costs less.
DFVX has a lower expense ratio. DFVX led over 1Y, JHML over 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 33.1%.
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 | DFVX | JHML |
|---|---|---|
| Expense Ratio | 0.19%Best | 0.29% |
| AUM | $551M | $1.2B |
| Dividend Yield | 1.13% | 0.96% |
| Holdings | 325 | 780 |
| YTD Return | +14.81%Best | +12.96% |
| 1Y Return | +18.85%Best | +17.02% |
| 3Y Return (annualized) | +20.20% | +20.26%Best |
| 5Y Return (annualized) | - | +11.29% |
| Volatility (annualized) | 11.3%Tie | 11.3%Tie |
| Max Drawdown | -16.7%Best | -18.2% |
| $10,000 over 2.9 years | $17,050 | $17,469Best |
| Top 10 Weight | 33.1% | 25.2%Best |
| Fund Family | Dimensional | John Hancock Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 2, 2023 | Sep 28, 2015 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Oct 14, 2026 (2.9 years).
DFVX 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 2.9 years both funds cover.
DFVX vs JHML Performance
Dimensional US Large Cap Vector ETF (DFVX) is an ETF from Dimensional and John Hancock Multifactor Large Cap ETF (JHML) is an ETF from John Hancock Investment Management. Over the past year DFVX returned +18.85% while JHML returned +17.02%. Year to date, DFVX is up 14.81% versus a gain of 12.96% for JHML.
Over three years, DFVX compounded at +20.20% per year against +20.26% for JHML.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFVX and JHML have been equally volatile, both at 11.3% annualized.
The deepest peak-to-trough decline in our data was -16.7% for DFVX 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
DFVX charges 0.19% per year while JHML charges 0.29%. On a $10,000 position that is $19 vs $29 annually, a gap of $10 per year that compounds over a long holding period. On income, DFVX currently yields 1.13% against 0.96% for JHML.
Holdings Overlap
99.3% of DFVX's money is in holdings JHML also owns. 70.1% of JHML's money is in holdings DFVX also owns.
Most of DFVX is already inside JHML. Owning both mostly buys the same companies twice.
319 positions in common, counted across the 325 positions we hold weights for in DFVX and 773 in JHML, against full books of 325 and 780.
What only one of them owns
Our book lists 429 positions for JHML that do not appear in our book for DFVX (29.4% of the fund), and 1 for DFVX that do not appear in JHML (0.1%).
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 DFVX | Weight in JHML | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.35% | 3.67% | 2.68% |
| AMZNAmazon.Com Inc | 5.06% | 2.98% | 2.08% |
| METAMeta Platforms Inc | 5.27% | 2.03% | 3.24% |
| GOOGLAlphabet Inc | 2.94% | 2.57% | 0.37% |
| NVDANvidia Corp | 1.22% | 4.22% | 3.00% |
| AAPLApple, Inc | 0.04% | 4.29% | 4.25% |
| MUMicron Technology Inc Mu Uw Equity Us Usd | 2.78% | 1.51% | 1.27% |
| JPMJpmorgan Chase | 2.41% | 1.15% | 1.26% |
| GOOGAlphabet Inc. C | 2.36% | 0.81% | 1.55% |
| XOMExxonmobil Corp. | 2.25% | 0.75% | 1.50% |
99.3% of DFVX 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, DFVX or JHML?
DFVX has an expense ratio of 0.19% while JHML charges 0.29%. DFVX is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, DFVX or JHML?
Over the past year DFVX returned +18.85% vs +17.02% for JHML, so DFVX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFVX or JHML?
DFVX and JHML have been equally volatile, both at 11.3% annualized. Worst drawdown: DFVX -16.7% vs JHML -18.2%.
Should I hold both DFVX and JHML?
DFVX 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 DFVX and JHML?
99.3% of DFVX's money is in holdings JHML also owns. 70.1% of JHML's is in holdings DFVX also owns. They hold 319 positions in common, counted across the 325 positions we hold weights for in DFVX and 773 in JHML.
Which pays a higher dividend, DFVX or JHML?
DFVX yields 1.13% while JHML yields 0.96%, so DFVX currently pays the higher dividend yield.
Is JHML better than DFVX?
DFVX has a lower expense ratio. DFVX led over 1Y, JHML over 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 33.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.