JHML vs NBCR
John Hancock Multifactor Large Cap ETF vs Neuberger Berman Core Equity ETF
Which is better, JHML or NBCR?
JHML has been ahead.
JHML led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. JHML is less concentrated, with 25.2% 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 | JHML | NBCR |
|---|---|---|
| Expense Ratio | 0.29%Tie | 0.29%Tie |
| AUM | $1.2B | $856M |
| Dividend Yield | 0.96% | 0.42% |
| Holdings | 780 | 206 |
| YTD Return | +12.96%Best | +8.54% |
| 1Y Return | +17.02%Best | +12.11% |
| 3Y Return (annualized) | +20.26% | - |
| 5Y Return (annualized) | +11.29% | - |
| Volatility (annualized) | 11.7%Best | 12.2% |
| Max Drawdown | -18.2%Tie | -18.2%Tie |
| $10,000 over 2.2 years | $14,036Best | $13,791 |
| Top 10 Weight | 25.2%Best | 36.9% |
| Fund Family | John Hancock Investment Management | Neuberger Berman |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2015 | Jul 31, 2024 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 1, 2024 to Oct 14, 2026 (2.2 years).
JHML vs NBCR 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 2.2 years both funds cover.
JHML vs NBCR Performance
John Hancock Multifactor Large Cap ETF (JHML) is an ETF from John Hancock Investment Management and Neuberger Berman Core Equity ETF (NBCR) is an ETF from Neuberger Berman. Over the past year JHML returned +17.02% while NBCR returned +12.11%. Year to date, JHML is up 12.96% versus a gain of 8.54% for NBCR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBCR has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 11.7% 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 -18.2% for JHML and -18.2% for NBCR. 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 NBCR charges 0.29%. On a $10,000 position that is $29 vs $29 annually. On income, JHML currently yields 0.96% against 0.42% for NBCR.
Holdings Overlap
56.0% of JHML's money is in holdings NBCR also owns. 96.0% of NBCR's money is in holdings JHML also owns.
Most of NBCR is already inside JHML. Owning both mostly buys the same companies twice.
182 positions in common, counted across the 773 positions we hold weights for in JHML and 203 in NBCR, against full books of 780 and 206.
What only one of them owns
Our book lists 14 positions for NBCR that do not appear in our book for JHML (2.1% of the fund), and 561 for JHML that do not appear in NBCR (43.2%).
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 NBCR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.22% | 7.72% | 3.50% |
| AAPLApple, Inc | 4.29% | 6.95% | 2.66% |
| MSFTMicrosoft Corp | 3.67% | 6.03% | 2.36% |
| AMZNAmazon.Com Inc | 2.98% | 3.51% | 0.53% |
| GOOGLAlphabet Inc | 2.57% | 3.10% | 0.53% |
| METAMeta Platforms Inc | 2.03% | 2.26% | 0.23% |
| AVGOBroadcom Inc | 1.70% | 1.83% | 0.13% |
| GOOGAlphabet Inc. C | 0.81% | 2.31% | 1.50% |
| MUMicron Technology, Inc. | 1.51% | 1.48% | 0.03% |
| AMDAdvanced Micro Devices Inc | 1.04% | 1.49% | 0.45% |
96.0% of NBCR 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 NBCR?
JHML has an expense ratio of 0.29% while NBCR charges 0.29%. At the precision these are quoted to, they cost the same.
Which performed better, JHML or NBCR?
Over the past year JHML returned +17.02% vs +12.11% for NBCR, so JHML leads on 1-year performance. Over the longest common window we track (2 years), JHML annualized +16.66% vs +15.73% for NBCR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHML or NBCR?
NBCR has been the more volatile fund at 12.2% annualized versus 11.7% for JHML. Worst drawdown: JHML -18.2% vs NBCR -18.2%.
Should I hold both JHML and NBCR?
JHML and NBCR 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 NBCR?
96.0% of NBCR's money is in holdings JHML also owns. 96.0% of NBCR's is in holdings JHML also owns. They hold 182 positions in common, counted across the 773 positions we hold weights for in JHML and 203 in NBCR.
Which pays a higher dividend, JHML or NBCR?
JHML yields 0.96% while NBCR yields 0.42%, so JHML currently pays the higher dividend yield.
Is NBCR better than JHML?
JHML led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. JHML is less concentrated, with 25.2% 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.