JHDV vs SCHX
John Hancock US High Dividend ETF vs Schwab US Large-Cap ETF
Which is better, JHDV or SCHX?
Each has led over a different period.
SCHX has a lower expense ratio. JHDV led over 1Y, SCHX over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. JHDV is less concentrated, with 34.7% of the fund in its ten largest positions against 36.9%.
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 | SCHX |
|---|---|---|
| Expense Ratio | 0.34% | 0.03%Best |
| AUM | $13M | $75.3B |
| Dividend Yield | 2.25% | 1.04% |
| Holdings | 78 | 752 |
| YTD Return | +15.74%Best | +13.08% |
| 1Y Return | +18.54%Best | +16.62% |
| 3Y Return (annualized) | +20.38% | +22.27%Best |
| 5Y Return (annualized) | - | +12.56% |
| Volatility (annualized) | 13.6% | 13.2%Best |
| Max Drawdown | -19.0%Tie | -19.0%Tie |
| $10,000 over 4 years | $19,792 | $21,621Best |
| Top 10 Weight | 34.7%Best | 36.9% |
| Fund Family | John Hancock Investment Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 27, 2022 | Nov 3, 2009 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Sep 28, 2022 to Oct 14, 2026 (4 years).
JHDV vs SCHX 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 4 years both funds cover.
JHDV vs SCHX Performance
John Hancock US High Dividend ETF (JHDV) is an ETF from John Hancock Investment Management and Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management. Over the past year JHDV returned +18.54% while SCHX returned +16.62%. Year to date, JHDV is up 15.74% versus a gain of 13.08% for SCHX.
Over three years, JHDV compounded at +20.38% per year against +22.27% for SCHX. Across the full 4-year window we track, SCHX has the edge at +21.26% annualized vs +18.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHDV has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.2% for SCHX. 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 -19.0% for SCHX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHDV charges 0.34% per year while SCHX charges 0.03%. On a $10,000 position that is $34 vs $3 annually, a gap of $31 per year that compounds over a long holding period. On income, JHDV currently yields 2.25% against 1.04% for SCHX.
Holdings Overlap
94.5% of JHDV's money is in holdings SCHX also owns. 38.5% of SCHX's money is in holdings JHDV also owns.
Most of JHDV is already inside SCHX. Owning both mostly buys the same companies twice.
73 positions in common, counted across the 76 positions we hold weights for in JHDV and 752 in SCHX, against full books of 78 and 752.
What only one of them owns
Measured across the 76 and 752 positions we hold weights for.
SCHX holds 656 positions JHDV does not, 60.7% of the fund.
Largest: AMZN 3.50%, GOOGL 2.86%, GOOG 2.29%, META 2.28%, TSLA 1.48%
Top Shared Holdings
| Stock | Weight in JHDV | Weight in SCHX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.59% | 8.02% | 0.57% |
| AAPLApple, Inc | 5.60% | 6.90% | 1.30% |
| MSFTMicrosoft Corp | 5.86% | 5.44% | 0.42% |
| AVGOBroadcom Inc | 2.46% | 2.40% | 0.06% |
| MUMicron Technology, Inc. | 2.26% | 1.72% | 0.54% |
| LRCXLrcx Uw Equity | 1.98% | 0.62% | 1.36% |
| CVXChevron Corp | 1.87% | 0.58% | 1.29% |
| VZVerizon Communic | 2.13% | 0.27% | 1.86% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.70% | 0.63% | 1.07% |
| JPMJpmorgan Chase | 1.04% | 1.25% | 0.21% |
94.5% of JHDV is already inside SCHX.
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 SCHX?
JHDV has an expense ratio of 0.34% while SCHX charges 0.03%. SCHX is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, JHDV or SCHX?
Over the past year JHDV returned +18.54% vs +16.62% for SCHX, so JHDV leads on 1-year performance. Over the longest common window we track (4 years), JHDV annualized +18.61% vs +21.26% for SCHX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHDV or SCHX?
JHDV has been the more volatile fund at 13.6% annualized versus 13.2% for SCHX. Worst drawdown: JHDV -19.0% vs SCHX -19.0%.
Should I hold both JHDV and SCHX?
JHDV and SCHX have a monthly-return correlation of 0.94, 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 JHDV and SCHX?
94.5% of JHDV's money is in holdings SCHX also owns. 38.5% of SCHX's is in holdings JHDV also owns. They hold 73 positions in common, counted across the 76 positions we hold weights for in JHDV and 752 in SCHX.
Which pays a higher dividend, JHDV or SCHX?
JHDV yields 2.25% while SCHX yields 1.04%, so JHDV currently pays the higher dividend yield.
Is SCHX better than JHDV?
SCHX has a lower expense ratio. JHDV led over 1Y, SCHX over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. JHDV is less concentrated, with 34.7% of the fund in its ten largest positions against 36.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.