EEM vs JHEM
iShares MSCI Emerging Markets ETF vs John Hancock Multifactor Emerging Markets ETF
Which is better, EEM or JHEM?
Nearly the same fund. JHEM costs less.
JHEM has a lower expense ratio. EEM led over 3Y, JHEM over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. JHEM is less concentrated, with 23.5% of the fund in its ten largest positions against 39.4%.
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 | EEM | JHEM |
|---|---|---|
| Expense Ratio | 0.72% | 0.49%Best |
| AUM | $30.4B | $964M |
| Dividend Yield | 1.67% | 1.78% |
| Holdings | 1,224 | 956 |
| YTD Return | +15.09% | +15.96%Best |
| 1Y Return | +23.94% | +25.88%Best |
| 3Y Return (annualized) | +21.98%Best | +20.47% |
| 5Y Return (annualized) | +7.13% | +8.08%Best |
| Volatility (annualized) | 18.1% | 17.7%Best |
| Max Drawdown | -39.8% | -35.0%Best |
| $10,000 over 5 years | $14,111 | $14,748Best |
| Top 10 Weight | 39.4% | 23.5%Best |
| Fund Family | iShares by BlackRock (US) | John Hancock Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 7, 2003 | Sep 27, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2018 to Oct 14, 2026 (8 years).
EEM vs JHEM 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 8 years both funds cover.
EEM vs JHEM Performance
iShares MSCI Emerging Markets ETF (EEM) is an ETF from iShares by BlackRock (US) and John Hancock Multifactor Emerging Markets ETF (JHEM) is an ETF from John Hancock Investment Management. Over the past year EEM returned +23.94% while JHEM returned +25.88%. Year to date, EEM is up 15.09% versus a gain of 15.96% for JHEM.
Over three years, EEM compounded at +21.98% per year against +20.47% for JHEM; over five years the annualized figures are +7.13% and +8.08% respectively. Across the full 8-year window we track, JHEM has the edge at +7.42% annualized vs +6.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EEM has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 17.7% for JHEM. 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 -39.8% for EEM and -35.0% for JHEM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
EEM charges 0.72% per year while JHEM charges 0.49%. On a $10,000 position that is $72 vs $49 annually, a gap of $23 per year that compounds over a long holding period. On income, EEM currently yields 1.67% against 1.78% for JHEM.
Holdings Overlap
64.4% of EEM's money is in holdings JHEM also owns. 68.9% of JHEM's money is in holdings EEM also owns.
The two portfolios partly overlap.
492 positions in common, counted across the 1,162 positions we hold weights for in EEM and 869 in JHEM, against full books of 1,224 and 956.
Top Shared Holdings
| Stock | Weight in EEM | Weight in JHEM | Difference |
|---|---|---|---|
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 15.69% | 4.21% | 11.48% |
| 000660:KRSk Hynix | 6.03% | 4.69% | 1.34% |
| 0700:HKTencent Holdings | 2.73% | 2.79% | 0.06% |
| 9988:HKAlibaba Group Holding Ltd | 1.84% | 2.01% | 0.17% |
| 2454:TWMediatek Inc Common Stock TWD10.0 | 1.82% | 1.21% | 0.61% |
| 2317:TWHon Hai Precision Industry Co., Ltd. | 0.79% | 1.24% | 0.45% |
| 3711:TWAse Technology Holding Co Lt | 0.60% | 1.01% | 0.41% |
| 2308:TWDelta Electronics Inc | 0.94% | 0.67% | 0.27% |
| 2303:TWUnited Microelectronics | 0.46% | 0.79% | 0.33% |
| ICICIBANK:MBIcici Bank Ltd | 0.58% | 0.63% | 0.05% |
68.9% of JHEM is already inside EEM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, EEM or JHEM?
EEM has an expense ratio of 0.72% while JHEM charges 0.49%. JHEM is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, EEM or JHEM?
Over the past year EEM returned +23.94% vs +25.88% for JHEM, so JHEM leads on 1-year performance. Over the longest common window we track (8 years), EEM annualized +6.78% vs +7.42% for JHEM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EEM or JHEM?
EEM has been the more volatile fund at 18.1% annualized versus 17.7% for JHEM. Worst drawdown: EEM -39.8% vs JHEM -35.0%.
Should I hold both EEM and JHEM?
EEM and JHEM have a monthly-return correlation of 0.98, 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 EEM and JHEM?
68.9% of JHEM's money is in holdings EEM also owns. 68.9% of JHEM's is in holdings EEM also owns. They hold 492 positions in common, counted across the 1,162 positions we hold weights for in EEM and 869 in JHEM.
Which pays a higher dividend, EEM or JHEM?
EEM yields 1.67% while JHEM yields 1.78%, so JHEM currently pays the higher dividend yield.
Is JHEM better than EEM?
JHEM has a lower expense ratio. EEM led over 3Y, JHEM over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. JHEM is less concentrated, with 23.5% of the fund in its ten largest positions against 39.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.