JHAC vs SPY
John Hancock Fundamental All Cap Core ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | JHAC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.09% | |
| AUM | $4M | $821.1B | |
| Dividend Yield | 2.35% | 1.01% | |
| Holdings | 52 | 505 | |
| YTD Return | +4.43% | +12.68% | |
| 1Y Return | +8.17% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 14.8% | 15.3% | |
| Max Drawdown | -24.4% | -56.5% | |
| Fund Family | John Hancock Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 31, 2023 | Jan 22, 1993 |
JHAC vs SPY Performance
John Hancock Fundamental All Cap Core ETF (JHAC) 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 JHAC returned +8.17% while SPY returned +21.82%. Year to date, JHAC is up 4.43% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.8% for JHAC. 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 -24.4% for JHAC 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHAC charges 0.72% per year while SPY charges 0.09%. On a $10,000 position that is $72 vs $9 annually, a gap of $63 per year that compounds over a long holding period. On income, JHAC currently yields 2.35% against 1.01% for SPY.
Holdings Overlap
JHAC and SPY share 32 holdings out of 523 unique holdings combined, representing a 25.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JHAC or SPY?
JHAC has an expense ratio of 0.72% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, JHAC or SPY?
Over the past year JHAC returned +8.17% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), JHAC annualized +17.42% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, JHAC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.8% for JHAC. Worst drawdown: JHAC -24.4% vs SPY -56.5%.
Should I hold both JHAC and SPY?
JHAC and SPY have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JHAC and SPY?
JHAC and SPY share 32 common holdings with a 25.4% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, JHAC or SPY?
JHAC yields 2.35% while SPY yields 1.01%, so JHAC currently pays the higher dividend yield.
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