JHML vs NOEQ
John Hancock Multifactor Large Cap ETF vs Northern Trust US Equity ETF
Which is better, JHML or NOEQ?
NOEQ costs less.
NOEQ has a lower expense ratio. JHML is less concentrated, with 25.2% of the fund in its ten largest positions against 61.7%.
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 | NOEQ |
|---|---|---|
| Expense Ratio | 0.29% | 0.12%Best |
| AUM | $1.2B | $906M |
| Dividend Yield | 0.96% | 0.41% |
| Holdings | 780 | 406 |
| YTD Return | +12.96% | +17.57%Best |
| 1Y Return | +17.02% | - |
| 3Y Return (annualized) | +20.26% | - |
| 5Y Return (annualized) | +11.29% | - |
| Top 10 Weight | 25.2%Best | 61.7% |
| Fund Family | John Hancock Investment Management | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2015 | Mar 20, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
JHML vs NOEQ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
JHML vs NOEQ Performance
John Hancock Multifactor Large Cap ETF (JHML) is an ETF from John Hancock Investment Management and Northern Trust US Equity ETF (NOEQ) is an ETF from Northern Trust Asset Management. Year to date, JHML is up 12.96% versus a gain of 17.57% for NOEQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
JHML charges 0.29% per year while NOEQ 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 0.41% for NOEQ.
Holdings Overlap
72.3% of JHML's money is in holdings NOEQ also owns. 63.1% of NOEQ's money is in holdings JHML also owns.
Most of JHML is already inside NOEQ. Owning both mostly buys the same companies twice.
299 positions in common, counted across the 773 positions we hold weights for in JHML and 401 in NOEQ, against full books of 780 and 406.
What only one of them owns
Our book lists 41 positions for NOEQ that do not appear in our book for JHML (35.0% of the fund), and 444 for JHML that do not appear in NOEQ (26.8%).
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 NOEQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.22% | 3.29% | 0.93% |
| AMZNAmazon.Com Inc | 2.98% | 4.53% | 1.55% |
| GOOGAlphabet Inc. C | 0.81% | 6.58% | 5.77% |
| AAPLApple, Inc | 4.29% | 2.86% | 1.43% |
| MSFTMicrosoft Corp | 3.67% | 2.09% | 1.58% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 0.75% | 4.11% | 3.36% |
| JNJJohnson & Johnson - Common | 0.77% | 4.06% | 3.29% |
| LLYEli Lilly & Co. | 1.05% | 3.48% | 2.43% |
| CVXChevron Corp | 0.41% | 3.88% | 3.47% |
| BABoeing Co | 0.11% | 3.38% | 3.27% |
72.3% of JHML is already inside NOEQ.
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 NOEQ?
JHML has an expense ratio of 0.29% while NOEQ charges 0.12%. NOEQ is the cheaper option, by $17 a year on a $10,000 investment.
What is the holdings overlap between JHML and NOEQ?
72.3% of JHML's money is in holdings NOEQ also owns. 63.1% of NOEQ'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 401 in NOEQ.
Which pays a higher dividend, JHML or NOEQ?
JHML yields 0.96% while NOEQ yields 0.41%, so JHML currently pays the higher dividend yield.
Is NOEQ better than JHML?
NOEQ has a lower expense ratio. JHML is less concentrated, with 25.2% of the fund in its ten largest positions against 61.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.