IVV vs JHEM
iShares Core S&P 500 ETF vs John Hancock Multifactor Emerging Markets ETF
Which is better, IVV or JHEM?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, JHEM over 1Y. JHEM is less concentrated, with 24.7% of the fund in its ten largest positions against 37.8%.
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 | IVV | JHEM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.49% |
| AUM | $876.4B | $1.0B |
| Dividend Yield | 1.06% | 1.75% |
| Holdings | 508 | 956 |
| YTD Return | +12.39% | +19.90%Best |
| 1Y Return | +16.61% | +29.34%Best |
| 3Y Return (annualized) | +21.38%Best | +21.11% |
| 5Y Return (annualized) | +13.51%Best | +9.45% |
| Volatility (annualized) | 16.9%Best | 17.8% |
| Max Drawdown | -33.9%Best | -35.0% |
| $10,000 over 5 years | $18,844Best | $15,706 |
| Top 10 Weight | 37.8% | 24.7%Best |
| Fund Family | iShares by BlackRock (US) | John Hancock Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Sep 27, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2018 to Sep 18, 2026 (8 years).
IVV 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.
IVV vs JHEM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and John Hancock Multifactor Emerging Markets ETF (JHEM) is an ETF from John Hancock Investment Management. Over the past year IVV returned +16.61% while JHEM returned +29.34%. Year to date, IVV is up 12.39% versus a gain of 19.90% for JHEM.
Over three years, IVV compounded at +21.38% per year against +21.11% for JHEM; over five years the annualized figures are +13.51% and +9.45% respectively. Across the full 8-year window we track, IVV has the edge at +13.93% annualized vs +7.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHEM has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 16.9% for IVV. 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 -33.9% for IVV 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JHEM charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.75% for JHEM.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 880 in JHEM, totalling 99.3% and 96.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 880 in JHEM, against full books of 508 and 956.
What only one of them owns
Our book lists 18 positions for JHEM that do not appear in our book for IVV (1.6% of the fund), and 482 for IVV that do not appear in JHEM (98.6%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and JHEM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or JHEM?
IVV has an expense ratio of 0.03% while JHEM charges 0.49%. IVV is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, IVV or JHEM?
Over the past year IVV returned +16.61% vs +29.34% for JHEM, so JHEM leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +13.93% vs +7.94% for JHEM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JHEM?
JHEM has been the more volatile fund at 17.8% annualized versus 16.9% for IVV. Worst drawdown: IVV -33.9% vs JHEM -35.0%.
Should I hold both IVV and JHEM?
IVV and JHEM have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or JHEM?
IVV yields 1.06% while JHEM yields 1.75%, so JHEM currently pays the higher dividend yield.
Is JHEM better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, JHEM over 1Y. JHEM is less concentrated, with 24.7% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.