JDVL vs SPY
John Hancock Disciplined Value Select ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. JDVL delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | JDVL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.09% | |
| AUM | $909M | $821.1B | |
| Dividend Yield | 1.49% | 1.01% | |
| Holdings | 41 | 505 | |
| YTD Return | +18.39% | +12.22% | |
| 1Y Return | +29.48% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 12.1% | 15.3% | |
| Max Drawdown | -9.2% | -56.5% | |
| Fund Family | John Hancock Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 6, 2025 | Jan 22, 1993 |
JDVL vs SPY Performance
John Hancock Disciplined Value Select ETF (JDVL) is a ETF from John Hancock Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JDVL returned +29.48% while SPY returned +20.83%. Year to date, JDVL is up 18.39% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.1% for JDVL. 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 -9.2% for JDVL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JDVL charges 0.56% per year while SPY charges 0.09%. On a $10,000 position that is $56 vs $9 annually, a gap of $47 per year that compounds over a long holding period. On income, JDVL currently yields 1.49% against 1.01% for SPY.
Holdings Overlap
JDVL and SPY share 33 holdings out of 509 unique holdings combined, representing a 17.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JDVL or SPY?
JDVL has an expense ratio of 0.56% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, JDVL or SPY?
Over the past year JDVL returned +29.48% vs +20.83% for SPY, so JDVL leads on 1-year performance. Over the longest common window we track (1 years), JDVL annualized +30.32% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, JDVL or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.1% for JDVL. Worst drawdown: JDVL -9.2% vs SPY -56.5%.
Should I hold both JDVL and SPY?
JDVL and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JDVL and SPY?
JDVL and SPY share 33 common holdings with a 17.2% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, JDVL or SPY?
JDVL yields 1.49% while SPY yields 1.01%, so JDVL currently pays the higher dividend yield.
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