JHML vs RECS
John Hancock Multifactor Large Cap ETF vs Columbia Research Enhanced Core ETF
Which is better, JHML or RECS?
Nearly the same fund. RECS costs less.
RECS has a lower expense ratio. JHML led over 1Y, RECS over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. JHML is less concentrated, with 25.2% of the fund in its ten largest positions against 42.0%.
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 | RECS |
|---|---|---|
| Expense Ratio | 0.29% | 0.15%Best |
| AUM | $1.2B | $6.2B |
| Dividend Yield | 0.96% | 1.01% |
| Holdings | 780 | 718 |
| YTD Return | +13.68%Best | +11.69% |
| 1Y Return | +17.31%Best | +15.61% |
| 3Y Return (annualized) | +20.49% | +22.62%Best |
| 5Y Return (annualized) | +11.30% | +13.81%Best |
| Volatility (annualized) | 15.3%Best | 16.1% |
| Max Drawdown | -36.1% | -34.3%Best |
| $10,000 over 5 years | $17,080 | $19,094Best |
| Top 10 Weight | 25.2%Best | 42.0% |
| Fund Family | John Hancock Investment Management | Columbia Threadneedle Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2015 | Sep 25, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2015 to Oct 15, 2026 (11 years).
JHML vs RECS 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 11 years both funds cover.
JHML vs RECS Performance
John Hancock Multifactor Large Cap ETF (JHML) is an ETF from John Hancock Investment Management and Columbia Research Enhanced Core ETF (RECS) is an ETF from Columbia Threadneedle Investments. Over the past year JHML returned +17.31% while RECS returned +15.61%. Year to date, JHML is up 13.68% versus a gain of 11.69% for RECS.
Over three years, JHML compounded at +20.49% per year against +22.62% for RECS; over five years the annualized figures are +11.30% and +13.81% respectively. Across the full 7-year window we track, RECS has the edge at +16.60% annualized vs +13.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RECS has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.3% 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 -36.1% for JHML and -34.3% for RECS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 RECS 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 1.01% for RECS.
Holdings Overlap
37.0% of JHML's money is in holdings RECS also owns. 91.3% of RECS's money is in holdings JHML also owns.
Most of RECS is already inside JHML. Owning both mostly buys the same companies twice.
254 positions in common, counted across the 773 positions we hold weights for in JHML and 353 in RECS, against full books of 780 and 718.
What only one of them owns
Our book lists 88 positions for RECS that do not appear in our book for JHML (7.6% of the fund), and 494 for JHML that do not appear in RECS (62.3%).
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 RECS | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.29% | 11.96% | 7.67% |
| NVDANvidia Corp | 4.22% | 12.01% | 7.79% |
| METAMeta Platforms Inc | 2.03% | 4.79% | 2.76% |
| MUMicron Technology, Inc. | 1.51% | 2.28% | 0.77% |
| MAMastercard Inc | 0.53% | 2.36% | 1.83% |
| BACBank of America Corp.: Financials | 0.45% | 2.04% | 1.59% |
| CVXChevron Corp | 0.41% | 1.60% | 1.19% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.51% | 1.05% | 0.54% |
| CCitigroup Inc. | 0.32% | 1.15% | 0.83% |
| TJXTjx Cos., Inc. | 0.22% | 1.24% | 1.02% |
91.3% of RECS 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 RECS?
JHML has an expense ratio of 0.29% while RECS charges 0.15%. RECS is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, JHML or RECS?
Over the past year JHML returned +17.31% vs +15.61% for RECS, so JHML leads on 1-year performance. Over the longest common window we track (7 years), JHML annualized +13.15% vs +16.60% for RECS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHML or RECS?
RECS has been the more volatile fund at 16.1% annualized versus 15.3% for JHML. Worst drawdown: JHML -36.1% vs RECS -34.3%.
Should I hold both JHML and RECS?
JHML and RECS have a monthly-return correlation of 0.95, 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 RECS?
91.3% of RECS's money is in holdings JHML also owns. 91.3% of RECS's is in holdings JHML also owns. They hold 254 positions in common, counted across the 773 positions we hold weights for in JHML and 353 in RECS.
Which pays a higher dividend, JHML or RECS?
JHML yields 0.96% while RECS yields 1.01%, so RECS currently pays the higher dividend yield.
Is RECS better than JHML?
RECS has a lower expense ratio. JHML led over 1Y, RECS over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. JHML is less concentrated, with 25.2% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.