JHML vs JQUA
John Hancock Multifactor Large Cap ETF vs JPMorgan US Quality Factor ETF
Which is better, JHML or JQUA?
Nearly the same fund. JQUA costs less.
JQUA has a lower expense ratio. JQUA led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. JQUA is less concentrated, with 19.8% of the fund in its ten largest positions against 25.2%.
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 | JHML | JQUA |
|---|---|---|
| Expense Ratio | 0.29% | 0.12%Best |
| AUM | $1.2B | $9.3B |
| Dividend Yield | 0.96% | 1.08% |
| Holdings | 780 | 624 |
| YTD Return | +12.96% | +19.98%Best |
| 1Y Return | +17.02% | +21.86%Best |
| 3Y Return (annualized) | +20.26% | +20.91%Best |
| 5Y Return (annualized) | +11.29% | +13.77%Best |
| Volatility (annualized) | 16.3% | 15.3%Best |
| Max Drawdown | -36.1% | -32.9%Best |
| $10,000 over 5 years | $17,072 | $19,061Best |
| Top 10 Weight | 25.2% | 19.8%Best |
| Fund Family | John Hancock Investment Management | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2015 | Nov 8, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2017 to Oct 14, 2026 (8.9 years).
JHML vs JQUA 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 8.9 years both funds cover.
JHML vs JQUA Performance
John Hancock Multifactor Large Cap ETF (JHML) is an ETF from John Hancock Investment Management and JPMorgan US Quality Factor ETF (JQUA) is an ETF from J.P. Morgan Asset Management. Over the past year JHML returned +17.02% while JQUA returned +21.86%. Year to date, JHML is up 12.96% versus a gain of 19.98% for JQUA.
Over three years, JHML compounded at +20.26% per year against +20.91% for JQUA; over five years the annualized figures are +11.29% and +13.77% respectively. Across the full 9-year window we track, JQUA has the edge at +14.13% annualized vs +12.54%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHML has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 15.3% for JQUA. 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 -36.1% for JHML and -32.9% for JQUA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHML charges 0.29% per year while JQUA charges 0.12%. On a $10,000 position that is $29 vs $12 annually, a gap of $17 per year that compounds over a long holding period. On income, JHML currently yields 0.96% against 1.08% for JQUA.
Holdings Overlap
51.9% of JHML's money is in holdings JQUA also owns. 91.2% of JQUA's money is in holdings JHML also owns.
Most of JQUA is already inside JHML. Owning both mostly buys the same companies twice.
246 positions in common, counted across the 773 positions we hold weights for in JHML and 306 in JQUA, against full books of 780 and 624.
What only one of them owns
Our book lists 51 positions for JQUA that do not appear in our book for JHML (7.6% of the fund), and 500 for JHML that do not appear in JQUA (47.4%).
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 JHML | Weight in JQUA | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.29% | 2.06% | 2.23% |
| NVDANvidia Corp | 4.22% | 2.00% | 2.22% |
| MSFTMicrosoft Corp | 3.67% | 2.05% | 1.62% |
| GOOGLAlphabet Inc | 2.57% | 1.80% | 0.77% |
| METAMeta Platforms Inc | 2.03% | 2.10% | 0.07% |
| MUMicron Technology, Inc. | 1.51% | 2.16% | 0.65% |
| AVGOBroadcom Inc | 1.70% | 1.92% | 0.22% |
| AMDAdvanced Micro Devices Inc | 1.04% | 2.26% | 1.22% |
| XOMExxonmobil Corp. | 0.75% | 1.78% | 1.03% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 0.91% | 1.61% | 0.70% |
91.2% of JQUA is already inside JHML.
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, JHML or JQUA?
JHML has an expense ratio of 0.29% while JQUA charges 0.12%. JQUA is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, JHML or JQUA?
Over the past year JHML returned +17.02% vs +21.86% for JQUA, so JQUA leads on 1-year performance. Over the longest common window we track (9 years), JHML annualized +12.54% vs +14.13% for JQUA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHML or JQUA?
JHML has been the more volatile fund at 16.3% annualized versus 15.3% for JQUA. Worst drawdown: JHML -36.1% vs JQUA -32.9%.
Should I hold both JHML and JQUA?
JHML and JQUA have a monthly-return correlation of 0.97, 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 JHML and JQUA?
91.2% of JQUA's money is in holdings JHML also owns. 91.2% of JQUA's is in holdings JHML also owns. They hold 246 positions in common, counted across the 773 positions we hold weights for in JHML and 306 in JQUA.
Which pays a higher dividend, JHML or JQUA?
JHML yields 0.96% while JQUA yields 1.08%, so JQUA currently pays the higher dividend yield.
Is JQUA better than JHML?
JQUA has a lower expense ratio. JQUA led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. JQUA is less concentrated, with 19.8% of the fund in its ten largest positions against 25.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.