JHDG vs SPY
John Hancock Hedged Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | JHDG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $113M | $821.1B | |
| Dividend Yield | 0.10% | 1.01% | |
| Holdings | 132 | 505 | |
| YTD Return | +9.50% | +12.22% | |
| 1Y Return | - | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -3.3% | -56.5% | |
| Fund Family | John Hancock Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 8, 2026 | Jan 22, 1993 |
JHDG vs SPY Performance
John Hancock Hedged Equity ETF (JHDG) 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. Year to date, JHDG is up 9.50% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.3% for JHDG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
JHDG charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, JHDG currently yields 0.10% against 1.01% for SPY.
Holdings Overlap
JHDG and SPY share 33 holdings out of 525 unique holdings combined, representing a 33.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JHDG or SPY?
JHDG has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
What is the holdings overlap between JHDG and SPY?
JHDG and SPY share 33 common holdings with a 33.6% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, JHDG or SPY?
JHDG yields 0.10% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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