JHML vs LCTU
John Hancock Multifactor Large Cap ETF vs iShares US Carbon Transition Readiness Aware Active ETF
Which is better, JHML or LCTU?
Nearly the same fund. LCTU costs less.
LCTU has a lower expense ratio. JHML led over 1Y, LCTU over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. JHML is less concentrated, with 25.2% of the fund in its ten largest positions against 35.5%.
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 | JHML | LCTU |
|---|---|---|
| Expense Ratio | 0.29% | 0.15%Best |
| AUM | $1.2B | $1.2B |
| Dividend Yield | 0.96% | 0.97% |
| Holdings | 780 | 334 |
| YTD Return | +12.96%Best | +11.76% |
| 1Y Return | +17.02%Best | +15.34% |
| 3Y Return (annualized) | +20.26% | +21.21%Best |
| 5Y Return (annualized) | +11.29% | +11.70%Best |
| Volatility (annualized) | 14.9%Best | 15.5% |
| Max Drawdown | -23.5%Best | -25.9% |
| $10,000 over 5 years | $17,072 | $17,389Best |
| Top 10 Weight | 25.2%Best | 35.5% |
| Fund Family | John Hancock Investment Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2015 | Apr 6, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Apr 8, 2021 to Oct 14, 2026 (5.5 years).
JHML vs LCTU 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 5.5 years both funds cover.
JHML vs LCTU Performance
John Hancock Multifactor Large Cap ETF (JHML) is an ETF from John Hancock Investment Management and iShares US Carbon Transition Readiness Aware Active ETF (LCTU) is an ETF from iShares by BlackRock (US). Over the past year JHML returned +17.02% while LCTU returned +15.34%. Year to date, JHML is up 12.96% versus a gain of 11.76% for LCTU.
Over three years, JHML compounded at +20.26% per year against +21.21% for LCTU; over five years the annualized figures are +11.29% and +11.70% respectively. Across the full 6-year window we track, LCTU has the edge at +12.46% annualized vs +11.79%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LCTU has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 14.9% for JHML. 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 -23.5% for JHML and -25.9% for LCTU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 LCTU charges 0.15%. On a $10,000 position that is $29 vs $15 annually, a gap of $14 per year that compounds over a long holding period. On income, JHML currently yields 0.96% against 0.97% for LCTU.
Holdings Overlap
70.4% of JHML's money is in holdings LCTU also owns. 98.3% of LCTU's money is in holdings JHML also owns.
Most of LCTU is already inside JHML. Owning both mostly buys the same companies twice.
299 positions in common, counted across the 773 positions we hold weights for in JHML and 331 in LCTU, against full books of 780 and 334.
What only one of them owns
Our book lists 17 positions for LCTU that do not appear in our book for JHML (1.1% of the fund), and 448 for JHML that do not appear in LCTU (28.9%).
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 LCTU | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.22% | 8.16% | 3.94% |
| AAPLApple, Inc | 4.29% | 7.17% | 2.88% |
| MSFTMicrosoft Corp | 3.67% | 4.94% | 1.27% |
| AMZNAmazon.Com Inc | 2.98% | 3.08% | 0.10% |
| GOOGLAlphabet Inc | 2.57% | 2.49% | 0.08% |
| METAMeta Platforms Inc | 2.03% | 2.43% | 0.40% |
| AVGOBroadcom Inc | 1.70% | 2.04% | 0.34% |
| MUMicron Technology, Inc. | 1.51% | 1.66% | 0.15% |
| GOOGAlphabet Inc. C | 0.81% | 1.91% | 1.10% |
| AMDAdvanced Micro Devices Inc | 1.04% | 1.64% | 0.60% |
98.3% of LCTU 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 LCTU?
JHML has an expense ratio of 0.29% while LCTU charges 0.15%. LCTU is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, JHML or LCTU?
Over the past year JHML returned +17.02% vs +15.34% for LCTU, so JHML leads on 1-year performance. Over the longest common window we track (6 years), JHML annualized +11.79% vs +12.46% for LCTU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHML or LCTU?
LCTU has been the more volatile fund at 15.5% annualized versus 14.9% for JHML. Worst drawdown: JHML -23.5% vs LCTU -25.9%.
Should I hold both JHML and LCTU?
JHML and LCTU have a monthly-return correlation of 0.98, 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 LCTU?
98.3% of LCTU's money is in holdings JHML also owns. 98.3% of LCTU's is in holdings JHML also owns. They hold 299 positions in common, counted across the 773 positions we hold weights for in JHML and 331 in LCTU.
Which pays a higher dividend, JHML or LCTU?
JHML yields 0.96% while LCTU yields 0.97%, so LCTU currently pays the higher dividend yield.
Is LCTU better than JHML?
LCTU has a lower expense ratio. JHML led over 1Y, LCTU over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. JHML is less concentrated, with 25.2% of the fund in its ten largest positions against 35.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.