JHML vs SCHK
John Hancock Multifactor Large Cap ETF vs Schwab 1000 Index ETF
Which is better, JHML or SCHK?
Nearly the same fund. SCHK costs less.
SCHK has a lower expense ratio. JHML led over 1Y, SCHK over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. JHML is less concentrated, with 25.2% of the fund in its ten largest positions against 36.0%.
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 | SCHK |
|---|---|---|
| Expense Ratio | 0.29% | 0.03%Best |
| AUM | $1.2B | $5.8B |
| Dividend Yield | 0.96% | 1.04% |
| Holdings | 780 | 986 |
| YTD Return | +13.68%Best | +13.60% |
| 1Y Return | +17.31%Best | +16.71% |
| 3Y Return (annualized) | +20.49% | +22.33%Best |
| 5Y Return (annualized) | +11.30% | +12.34%Best |
| Volatility (annualized) | 16.2%Best | 16.5% |
| Max Drawdown | -36.1% | -34.8%Best |
| $10,000 over 5 years | $17,080 | $17,893Best |
| Top 10 Weight | 25.2%Best | 36.0% |
| Fund Family | John Hancock Investment Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2015 | Oct 11, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Oct 11, 2017 to Oct 15, 2026 (9 years).
JHML vs SCHK 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 9 years both funds cover.
JHML vs SCHK Performance
John Hancock Multifactor Large Cap ETF (JHML) is an ETF from John Hancock Investment Management and Schwab 1000 Index ETF (SCHK) is an ETF from Charles Schwab Asset Management. Over the past year JHML returned +17.31% while SCHK returned +16.71%. Year to date, JHML is up 13.68% versus a gain of 13.60% for SCHK.
Over three years, JHML compounded at +20.49% per year against +22.33% for SCHK; over five years the annualized figures are +11.30% and +12.34% respectively. Across the full 9-year window we track, SCHK has the edge at +13.73% annualized vs +12.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHK has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 16.2% 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 -34.8% for SCHK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 SCHK charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, JHML currently yields 0.96% against 1.04% for SCHK.
Holdings Overlap
98.8% of JHML's money is in holdings SCHK also owns. 96.6% of SCHK's money is in holdings JHML also owns.
Most of JHML is already inside SCHK. Owning both mostly buys the same companies twice.
751 positions in common, counted across the 773 positions we hold weights for in JHML and 998 in SCHK, against full books of 780 and 986.
What only one of them owns
Our book lists 216 positions for SCHK that do not appear in our book for JHML (2.8% of the fund), and 12 for JHML that do not appear in SCHK (0.6%).
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 SCHK | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.22% | 7.83% | 3.61% |
| AAPLApple, Inc | 4.29% | 6.74% | 2.45% |
| MSFTMicrosoft Corp | 3.67% | 5.32% | 1.65% |
| AMZNAmazon.Com Inc | 2.98% | 3.42% | 0.44% |
| GOOGLAlphabet Inc | 2.57% | 2.79% | 0.22% |
| METAMeta Platforms Inc | 2.03% | 2.22% | 0.19% |
| AVGOBroadcom Inc | 1.70% | 2.34% | 0.64% |
| MUMicron Technology, Inc. | 1.51% | 1.68% | 0.17% |
| GOOGAlphabet Inc. C | 0.81% | 2.24% | 1.43% |
| AMDAdvanced Micro Devices Inc | 1.04% | 1.43% | 0.39% |
98.8% of JHML is already inside SCHK.
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 SCHK?
JHML has an expense ratio of 0.29% while SCHK charges 0.03%. SCHK is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, JHML or SCHK?
Over the past year JHML returned +17.31% vs +16.71% for SCHK, so JHML leads on 1-year performance. Over the longest common window we track (9 years), JHML annualized +12.64% vs +13.73% for SCHK. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHML or SCHK?
SCHK has been the more volatile fund at 16.5% annualized versus 16.2% for JHML. Worst drawdown: JHML -36.1% vs SCHK -34.8%.
Should I hold both JHML and SCHK?
JHML and SCHK have a monthly-return correlation of 0.99, 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 SCHK?
98.8% of JHML's money is in holdings SCHK also owns. 96.6% of SCHK's is in holdings JHML also owns. They hold 751 positions in common, counted across the 773 positions we hold weights for in JHML and 998 in SCHK.
Which pays a higher dividend, JHML or SCHK?
JHML yields 0.96% while SCHK yields 1.04%, so SCHK currently pays the higher dividend yield.
Is SCHK better than JHML?
SCHK has a lower expense ratio. JHML led over 1Y, SCHK over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. JHML is less concentrated, with 25.2% of the fund in its ten largest positions against 36.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.