JHDV vs QLTY
John Hancock US High Dividend ETF vs GMO US Quality ETF
Which is better, JHDV or QLTY?
QLTY has been ahead.
JHDV has a lower expense ratio. QLTY led over 1Y, 3Y and the full window. JHDV is less concentrated, with 34.7% of the fund in its ten largest positions against 45.5%.
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 | JHDV | QLTY |
|---|---|---|
| Expense Ratio | 0.34%Best | 0.50% |
| AUM | $13M | $5.4B |
| Dividend Yield | 2.25% | 0.66% |
| Holdings | 78 | 90 |
| YTD Return | +15.74%Best | +14.13% |
| 1Y Return | +18.54% | +20.95%Best |
| 3Y Return (annualized) | +20.38% | +21.84%Best |
| Volatility (annualized) | 11.8%Best | 11.9% |
| Max Drawdown | -19.0% | -17.0%Best |
| $10,000 over 2.9 years | $17,029 | $17,733Best |
| Top 10 Weight | 34.7%Best | 45.5% |
| Fund Family | John Hancock Investment Management | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 27, 2022 | Nov 13, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 15, 2023 to Oct 14, 2026 (2.9 years).
JHDV vs QLTY 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.
JHDV vs QLTY Performance
John Hancock US High Dividend ETF (JHDV) is an ETF from John Hancock Investment Management and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year JHDV returned +18.54% while QLTY returned +20.95%. Year to date, JHDV is up 15.74% versus a gain of 14.13% for QLTY.
Over three years, JHDV compounded at +20.38% per year against +21.84% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QLTY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.8% for JHDV. 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 -19.0% for JHDV and -17.0% for QLTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHDV charges 0.34% per year while QLTY charges 0.50%. On a $10,000 position that is $34 vs $50 annually, a gap of $16 per year that compounds over a long holding period. On income, JHDV currently yields 2.25% against 0.66% for QLTY.
Holdings Overlap
34.2% of JHDV's money is in holdings QLTY also owns. 43.8% of QLTY's money is in holdings JHDV also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 76 positions we hold weights for in JHDV and 45 in QLTY, against full books of 78 and 90.
What only one of them owns
Measured across the 76 and 45 positions we hold weights for.
QLTY holds 31 positions JHDV does not, 55.9% of the fund.
Largest: GOOGL 4.90%, META 4.80%, TMO 4.30%, AMZN 3.50%, V 2.80%
Top Shared Holdings
| Stock | Weight in JHDV | Weight in QLTY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.86% | 8.00% | 2.14% |
| NVDANvidia Corp | 8.59% | 3.30% | 5.29% |
| AAPLApple, Inc | 5.60% | 4.20% | 1.40% |
| LRCXLam Research Corp | 1.98% | 4.20% | 2.22% |
| AVGOBroadcom Inc | 2.46% | 3.70% | 1.24% |
| TXNTexas Instrument Inc | 1.51% | 3.80% | 2.29% |
| JNJJohnson & Johnson - Common | 1.18% | 4.10% | 2.92% |
| KLACKla-tencor | 1.50% | 2.70% | 1.20% |
| LLYEli Lilly & Co. | 0.89% | 2.50% | 1.61% |
| UNHUnitedhealth Group Incorporated | 0.95% | 2.40% | 1.45% |
43.8% of QLTY is already inside JHDV.
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, JHDV or QLTY?
JHDV has an expense ratio of 0.34% while QLTY charges 0.50%. JHDV is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, JHDV or QLTY?
Over the past year JHDV returned +18.54% vs +20.95% for QLTY, so QLTY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHDV or QLTY?
QLTY has been the more volatile fund at 11.9% annualized versus 11.8% for JHDV. Worst drawdown: JHDV -19.0% vs QLTY -17.0%.
Should I hold both JHDV and QLTY?
JHDV and QLTY have a monthly-return correlation of 0.84, 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 JHDV and QLTY?
43.8% of QLTY's money is in holdings JHDV also owns. 43.8% of QLTY's is in holdings JHDV also owns. They hold 14 positions in common, counted across the 76 positions we hold weights for in JHDV and 45 in QLTY.
Which pays a higher dividend, JHDV or QLTY?
JHDV yields 2.25% while QLTY yields 0.66%, so JHDV currently pays the higher dividend yield.
Is QLTY better than JHDV?
JHDV has a lower expense ratio. QLTY led over 1Y, 3Y and the full window. JHDV is less concentrated, with 34.7% of the fund in its ten largest positions against 45.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.