JDVL vs TVAL
John Hancock Disciplined Value Select ETF vs T. Rowe Price Value ETF
Which is better, JDVL or TVAL?
TVAL has been ahead.
TVAL has a lower expense ratio. TVAL led over 1Y and the full window. TVAL is less concentrated, with 29.8% of the fund in its ten largest positions against 40.0%.
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 | JDVL | TVAL |
|---|---|---|
| Expense Ratio | 0.56% | 0.33%Best |
| AUM | $948M | $1.1B |
| Dividend Yield | 1.48% | 0.97% |
| Holdings | 41 | 155 |
| YTD Return | +15.90% | +20.77%Best |
| 1Y Return | +21.37% | +27.42%Best |
| 3Y Return (annualized) | - | +20.43% |
| Volatility (annualized) | 12.2% | 11.2%Best |
| Max Drawdown | -9.2% | -7.2%Best |
| $10,000 over 1.2 years | $12,918 | $13,352Best |
| Top 10 Weight | 40.0% | 29.8%Best |
| Fund Family | John Hancock Investment Management | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 6, 2025 | Jun 14, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Aug 6, 2025 to Oct 14, 2026 (1.2 years).
JDVL vs TVAL 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 1.2 years both funds cover.
JDVL vs TVAL Performance
John Hancock Disciplined Value Select ETF (JDVL) is an ETF from John Hancock Investment Management and T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price. Over the past year JDVL returned +21.37% while TVAL returned +27.42%. Year to date, JDVL is up 15.90% versus a gain of 20.77% for TVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JDVL has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 11.2% for TVAL. 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 -9.2% for JDVL and -7.2% for TVAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JDVL charges 0.56% per year while TVAL charges 0.33%. On a $10,000 position that is $56 vs $33 annually, a gap of $23 per year that compounds over a long holding period. On income, JDVL currently yields 1.48% against 0.97% for TVAL.
Holdings Overlap
63.2% of JDVL's money is in holdings TVAL also owns. 24.2% of TVAL's money is in holdings JDVL also owns.
The two portfolios partly overlap.
22 positions in common, counted across the 39 positions we hold weights for in JDVL and 148 in TVAL, against full books of 41 and 155.
What only one of them owns
Our book lists 119 positions for TVAL that do not appear in our book for JDVL (71.3% of the fund), and 15 for JDVL that do not appear in TVAL (31.0%).
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 JDVL | Weight in TVAL | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 7.48% | 6.50% | 0.98% |
| MSFTMicrosoft Corp | 5.77% | 5.15% | 0.62% |
| JPMJpmorgan Chase | 4.03% | 1.74% | 2.29% |
| METAMeta Platforms Inc | 3.89% | 0.63% | 3.26% |
| PMPhilip Morris International Inc. | 3.17% | 1.33% | 1.84% |
| USFDUS Foods Holding Corp | 3.78% | 0.26% | 3.52% |
| GILDGilead Sciences | 2.77% | 1.20% | 1.57% |
| MSMorgan Stanley | 2.65% | 0.73% | 1.92% |
| VVisa Inc Class A | 2.78% | 0.54% | 2.24% |
| COFCapital One Financial Corp. | 2.32% | 0.77% | 1.55% |
63.2% of JDVL is already inside TVAL.
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, JDVL or TVAL?
JDVL has an expense ratio of 0.56% while TVAL charges 0.33%. TVAL is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, JDVL or TVAL?
Over the past year JDVL returned +21.37% vs +27.42% for TVAL, so TVAL leads on 1-year performance. Over the longest common window we track (1 years), JDVL annualized +23.78% vs +27.24% for TVAL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JDVL or TVAL?
JDVL has been the more volatile fund at 12.2% annualized versus 11.2% for TVAL. Worst drawdown: JDVL -9.2% vs TVAL -7.2%.
Should I hold both JDVL and TVAL?
JDVL and TVAL have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JDVL and TVAL?
63.2% of JDVL's money is in holdings TVAL also owns. 24.2% of TVAL's is in holdings JDVL also owns. They hold 22 positions in common, counted across the 39 positions we hold weights for in JDVL and 148 in TVAL.
Which pays a higher dividend, JDVL or TVAL?
JDVL yields 1.48% while TVAL yields 0.97%, so JDVL currently pays the higher dividend yield.
Is TVAL better than JDVL?
TVAL has a lower expense ratio. TVAL led over 1Y and the full window. TVAL is less concentrated, with 29.8% of the fund in its ten largest positions against 40.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.