EMMF vs JHEM
WisdomTree Emerging Markets Multifactor Fund vs John Hancock Multifactor Emerging Markets ETF
Which is better, EMMF or JHEM?
Each has led over a different period.
EMMF has a lower expense ratio. EMMF led over 5Y, JHEM over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. JHEM is less concentrated, with 24.7% of the fund in its ten largest positions against 29.5%.
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 | EMMF | JHEM |
|---|---|---|
| Expense Ratio | 0.48%Best | 0.49% |
| AUM | $184M | $979M |
| Dividend Yield | 1.93% | 1.75% |
| Holdings | 245 | 956 |
| YTD Return | +19.52%Best | +18.91% |
| 1Y Return | +25.57% | +27.11%Best |
| 3Y Return (annualized) | +20.07% | +21.49%Best |
| 5Y Return (annualized) | +10.84%Best | +8.90% |
| Volatility (annualized) | 14.2%Best | 17.7% |
| Max Drawdown | -34.6%Best | -35.0% |
| $10,000 over 5 years | $16,729Best | $15,316 |
| Top 10 Weight | 29.5% | 24.7%Best |
| Fund Family | WisdomTree Investments | John Hancock Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 10, 2018 | Sep 27, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2018 to Oct 9, 2026 (8 years).
EMMF vs JHEM 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 8 years both funds cover.
EMMF vs JHEM Performance
WisdomTree Emerging Markets Multifactor Fund (EMMF) is an ETF from WisdomTree Investments and John Hancock Multifactor Emerging Markets ETF (JHEM) is an ETF from John Hancock Investment Management. Over the past year EMMF returned +25.57% while JHEM returned +27.11%. Year to date, EMMF is up 19.52% versus a gain of 18.91% for JHEM.
Over three years, EMMF compounded at +20.07% per year against +21.49% for JHEM; over five years the annualized figures are +10.84% and +8.90% respectively. Across the full 8-year window we track, JHEM has the edge at +7.77% annualized vs +7.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHEM has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 14.2% for EMMF. 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 -34.6% for EMMF and -35.0% for JHEM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EMMF charges 0.48% per year while JHEM charges 0.49%. On a $10,000 position that is $48 vs $49 annually, a gap of $1 per year that compounds over a long holding period. On income, EMMF currently yields 1.93% against 1.75% for JHEM.
Holdings Overlap
69.4% of EMMF's money is in holdings JHEM also owns. 39.1% of JHEM's money is in holdings EMMF also owns.
The two portfolios partly overlap.
127 positions in common, counted across the 209 positions we hold weights for in EMMF and 880 in JHEM, against full books of 245 and 956.
What only one of them owns
Our book lists 11 positions for JHEM that do not appear in our book for EMMF (2.1% of the fund), and 4 for EMMF that do not appear in JHEM (5.1%).
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 EMMF | Weight in JHEM | Difference |
|---|---|---|---|
| TSM:TWTaiwan Semiconductor - Adr | 7.92% | 4.40% | 3.52% |
| 000660:KRSk Hynix Inc Common Stock KRW 5000 | 5.53% | 5.22% | 0.31% |
| 005930:KRSamsung Electronics Co Ltd | 4.77% | 4.94% | 0.17% |
| 0700:KYTencent Holdings Ltd Ordinary Shares | 2.43% | 2.21% | 0.22% |
| 9988:HKAlibaba Group Holding Limited Ordinary Shares | 1.89% | 1.94% | 0.05% |
| 2454:TWMediaTek Inc ORD TWD10 | 1.19% | 2.47% | 1.28% |
| 2059:TWKing Slide Works Co Ltd | 1.46% | 0.20% | 1.26% |
| 005380:KRHyundai Motor Co | 1.14% | 0.38% | 0.76% |
| 2383:TWElite Material Co Ltd | 0.93% | 0.50% | 0.43% |
| 6669:TWWiwynn Corp | 0.86% | 0.50% | 0.36% |
69.4% of EMMF is already inside JHEM.
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, EMMF or JHEM?
EMMF has an expense ratio of 0.48% while JHEM charges 0.49%. EMMF is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, EMMF or JHEM?
Over the past year EMMF returned +25.57% vs +27.11% for JHEM, so JHEM leads on 1-year performance. Over the longest common window we track (8 years), EMMF annualized +7.13% vs +7.77% for JHEM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMMF or JHEM?
JHEM has been the more volatile fund at 17.7% annualized versus 14.2% for EMMF. Worst drawdown: EMMF -34.6% vs JHEM -35.0%.
Should I hold both EMMF and JHEM?
EMMF and JHEM have a monthly-return correlation of 0.93, 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 EMMF and JHEM?
69.4% of EMMF's money is in holdings JHEM also owns. 39.1% of JHEM's is in holdings EMMF also owns. They hold 127 positions in common, counted across the 209 positions we hold weights for in EMMF and 880 in JHEM.
Which pays a higher dividend, EMMF or JHEM?
EMMF yields 1.93% while JHEM yields 1.75%, so EMMF currently pays the higher dividend yield.
Is JHEM better than EMMF?
EMMF has a lower expense ratio. EMMF led over 5Y, JHEM over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. JHEM is less concentrated, with 24.7% of the fund in its ten largest positions against 29.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.