JDVL vs VMAX
John Hancock Disciplined Value Select ETF vs Hartford US Value ETF
Which is better, JDVL or VMAX?
JDVL has been ahead.
VMAX has a lower expense ratio. JDVL led over 1Y and the full window. VMAX is less concentrated, with 19.0% 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 | VMAX |
|---|---|---|
| Expense Ratio | 0.56% | 0.29%Best |
| AUM | $948M | $3M |
| Dividend Yield | 1.48% | 2.17% |
| Holdings | 41 | 127 |
| YTD Return | +15.90% | +16.66%Best |
| 1Y Return | +21.37%Best | +21.02% |
| Volatility (annualized) | 12.2% | 8.9%Best |
| Max Drawdown | -9.2% | -5.4%Best |
| $10,000 over 1.2 years | $12,918Best | $12,804 |
| Top 10 Weight | 40.0% | 19.0%Best |
| Fund Family | John Hancock Investment Management | Hartford Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 6, 2025 | Dec 5, 2023 |
Not shown on this pair: 3Y Return (annualized), 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 VMAX 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 VMAX Performance
John Hancock Disciplined Value Select ETF (JDVL) is an ETF from John Hancock Investment Management and Hartford US Value ETF (VMAX) is an ETF from Hartford Funds. Over the past year JDVL returned +21.37% while VMAX returned +21.02%. Year to date, JDVL is up 15.90% versus a gain of 16.66% for VMAX.
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 8.9% for VMAX. 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 -5.4% for VMAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JDVL charges 0.56% per year while VMAX charges 0.29%. On a $10,000 position that is $56 vs $29 annually, a gap of $27 per year that compounds over a long holding period. On income, JDVL currently yields 1.48% against 2.17% for VMAX.
Holdings Overlap
47.5% of JDVL's money is in holdings VMAX also owns. 11.9% of VMAX's money is in holdings JDVL also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 39 positions we hold weights for in JDVL and 125 in VMAX, against full books of 41 and 127.
What only one of them owns
Our book lists 108 positions for VMAX that do not appear in our book for JDVL (87.0% of the fund), and 22 for JDVL that do not appear in VMAX (45.7%).
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 VMAX | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 7.48% | 0.59% | 6.89% |
| MSFTMicrosoft Corp | 5.77% | 0.31% | 5.46% |
| METAMeta Platforms Inc | 3.89% | 1.98% | 1.91% |
| JPMJpmorgan Chase | 4.03% | 0.97% | 3.06% |
| NVDANvidia Corp | 3.13% | 1.55% | 1.58% |
| VVisa Inc Class A | 2.78% | 1.86% | 0.92% |
| GILDGilead Sciences | 2.77% | 1.34% | 1.43% |
| PMPhilip Morris International Inc. | 3.17% | 0.03% | 3.14% |
| MUMicron Technology, Inc. | 2.51% | 0.58% | 1.93% |
| WFCWells Fargo & Co. | 1.90% | 1.05% | 0.85% |
47.5% of JDVL is already inside VMAX.
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 VMAX?
JDVL has an expense ratio of 0.56% while VMAX charges 0.29%. VMAX is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, JDVL or VMAX?
Over the past year JDVL returned +21.37% vs +21.02% for VMAX, so JDVL leads on 1-year performance. Over the longest common window we track (1 years), JDVL annualized +23.78% vs +22.87% for VMAX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JDVL or VMAX?
JDVL has been the more volatile fund at 12.2% annualized versus 8.9% for VMAX. Worst drawdown: JDVL -9.2% vs VMAX -5.4%.
Should I hold both JDVL and VMAX?
JDVL and VMAX have a monthly-return correlation of 0.83, 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 VMAX?
47.5% of JDVL's money is in holdings VMAX also owns. 11.9% of VMAX's is in holdings JDVL also owns. They hold 15 positions in common, counted across the 39 positions we hold weights for in JDVL and 125 in VMAX.
Which pays a higher dividend, JDVL or VMAX?
JDVL yields 1.48% while VMAX yields 2.17%, so VMAX currently pays the higher dividend yield.
Is VMAX better than JDVL?
VMAX has a lower expense ratio. JDVL led over 1Y and the full window. VMAX is less concentrated, with 19.0% 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.