JHDG vs SPYM
John Hancock Hedged Equity ETF vs State Street SPDR Portfolio S&P 500 ETF
Which is better, JHDG or SPYM?
SPYM costs less.
SPYM has a lower expense ratio. SPYM is less concentrated, with 39.0% of the fund in its ten largest positions against 47.8%.
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 | JHDG | SPYM |
|---|---|---|
| Expense Ratio | 0.49% | 0.02%Best |
| AUM | $128M | $185.2B |
| Dividend Yield | 0.18% | 1.01% |
| Holdings | 117 | 509 |
| YTD Return | +10.75% | +13.90%Best |
| 1Y Return | - | +17.37% |
| 3Y Return (annualized) | - | +22.56% |
| 5Y Return (annualized) | - | +13.18% |
| Top 10 Weight | 47.8% | 39.0%Best |
| Fund Family | John Hancock Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 8, 2026 | Nov 8, 2005 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
JHDG vs SPYM 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
JHDG vs SPYM Performance
John Hancock Hedged Equity ETF (JHDG) is an ETF from John Hancock Investment Management and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Year to date, JHDG is up 10.75% versus a gain of 13.90% for SPYM.
Past performance does not guarantee future results.
Fees and Cost Over Time
JHDG charges 0.49% per year while SPYM charges 0.02%. On a $10,000 position that is $49 vs $2 annually, a gap of $47 per year that compounds over a long holding period. On income, JHDG currently yields 0.18% against 1.01% for SPYM.
Holdings Overlap
78.2% of JHDG's money is in holdings SPYM also owns. 39.1% of SPYM's money is in holdings JHDG also owns.
Most of JHDG is already inside SPYM. Owning both mostly buys the same companies twice.
35 positions in common, counted across the 55 positions we hold weights for in JHDG and 505 in SPYM, against full books of 117 and 509.
What only one of them owns
Our book lists 463 positions for SPYM that do not appear in our book for JHDG (60.2% of the fund), and 10 for JHDG that do not appear in SPYM (10.8%).
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 JHDG | Weight in SPYM | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 8.73% | 5.76% | 2.97% |
| NVDANvidia Corp | 4.89% | 8.49% | 3.60% |
| AMZNAmazon.Com Inc | 6.32% | 3.70% | 2.62% |
| GOOGLAlphabet Inc | 6.86% | 3.02% | 3.84% |
| AVGOBroadcom Inc | 4.31% | 2.53% | 1.78% |
| JPMJpmorgan Chase | 4.32% | 1.32% | 3.00% |
| AMDAdvanced Micro Devices Inc | 3.06% | 1.55% | 1.51% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.96% | 1.40% | 1.56% |
| LLYEli Lilly & Co. | 2.91% | 1.37% | 1.54% |
| COSTCostco Wholesale Corp. | 3.44% | 0.61% | 2.83% |
78.2% of JHDG is already inside SPYM.
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, JHDG or SPYM?
JHDG has an expense ratio of 0.49% while SPYM charges 0.02%. SPYM is the cheaper option, by $47 a year on a $10,000 investment.
What is the holdings overlap between JHDG and SPYM?
78.2% of JHDG's money is in holdings SPYM also owns. 39.1% of SPYM's is in holdings JHDG also owns. They hold 35 positions in common, counted across the 55 positions we hold weights for in JHDG and 505 in SPYM.
Which pays a higher dividend, JHDG or SPYM?
JHDG yields 0.18% while SPYM yields 1.01%, so SPYM currently pays the higher dividend yield.
Is SPYM better than JHDG?
SPYM has a lower expense ratio. SPYM is less concentrated, with 39.0% of the fund in its ten largest positions against 47.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.