JHDV vs SPY
John Hancock US High Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JHDV or SPY?
Each has led over a different period.
SPY has a lower expense ratio. JHDV led over 1Y, SPY over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. JHDV is less concentrated, with 33.8% 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 | JHDV | SPY |
|---|---|---|
| Expense Ratio | 0.34% | 0.09%Best |
| AUM | $11M | $804.7B |
| Dividend Yield | 2.06% | 0.98% |
| Holdings | 78 | 505 |
| YTD Return | +16.54%Best | +12.89% |
| 1Y Return | +19.42%Best | +17.01% |
| 3Y Return (annualized) | +21.27% | +22.46%Best |
| 5Y Return (annualized) | - | +13.01% |
| Volatility (annualized) | 13.7% | 13.2%Best |
| Max Drawdown | -19.0% | -18.8%Best |
| $10,000 over 4 years | $20,114 | $21,800Best |
| Top 10 Weight | 33.8%Best | 37.8% |
| Fund Family | John Hancock Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 27, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Sep 28, 2022 to Sep 24, 2026 (4 years).
JHDV vs SPY 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 4 years both funds cover.
JHDV vs SPY Performance
John Hancock US High Dividend ETF (JHDV) is an ETF from John Hancock Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year JHDV returned +19.42% while SPY returned +17.01%. Year to date, JHDV is up 16.54% versus a gain of 12.89% for SPY.
Over three years, JHDV compounded at +21.27% per year against +22.46% for SPY. Across the full 4-year window we track, SPY has the edge at +21.51% annualized vs +19.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHDV has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 13.2% for SPY. 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 -19.0% for JHDV and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHDV charges 0.34% per year while SPY charges 0.09%. On a $10,000 position that is $34 vs $9 annually, a gap of $25 per year that compounds over a long holding period. On income, JHDV currently yields 2.06% against 0.98% for SPY.
Holdings Overlap
86.9% of JHDV's money is in holdings SPY also owns. 40.0% of SPY's money is in holdings JHDV also owns.
Most of JHDV is already inside SPY. Owning both mostly buys the same companies twice.
63 positions in common, counted across the 75 positions we hold weights for in JHDV and 504 in SPY, against full books of 78 and 505.
What only one of them owns
Measured across the 75 and 504 positions we hold weights for.
SPY holds 434 positions JHDV does not, 59.4% of the fund.
Largest: AMZN 3.79%, GOOGL 2.99%, GOOG 2.39%, META 1.93%, TSLA 1.52%
Top Shared Holdings
| Stock | Weight in JHDV | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.89% | 8.01% | 0.12% |
| AAPLApple, Inc | 5.18% | 7.26% | 2.08% |
| MSFTMicrosoft Corp | 5.66% | 5.66% | 0.00% |
| AVGOBroadcom Inc | 2.48% | 2.66% | 0.18% |
| MUMicron Technology, Inc. | 1.91% | 1.60% | 0.31% |
| VZVerizon Communic | 2.24% | 0.32% | 1.92% |
| JPMJpmorgan Chase | 1.09% | 1.45% | 0.36% |
| CVXChevron Corp | 1.79% | 0.60% | 1.19% |
| PAYXPaychex, Inc. | 2.30% | 0.06% | 2.24% |
| CMCSAComcast Corp-class A Cmcsa | 2.20% | 0.14% | 2.06% |
86.9% of JHDV is already inside SPY.
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, JHDV or SPY?
JHDV has an expense ratio of 0.34% while SPY charges 0.09%. SPY is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, JHDV or SPY?
Over the past year JHDV returned +19.42% vs +17.01% for SPY, so JHDV leads on 1-year performance. Over the longest common window we track (4 years), JHDV annualized +19.09% vs +21.51% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHDV or SPY?
JHDV has been the more volatile fund at 13.7% annualized versus 13.2% for SPY. Worst drawdown: JHDV -19.0% vs SPY -18.8%.
Should I hold both JHDV and SPY?
JHDV and SPY have a monthly-return correlation of 0.94, 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 JHDV and SPY?
86.9% of JHDV's money is in holdings SPY also owns. 40.0% of SPY's is in holdings JHDV also owns. They hold 63 positions in common, counted across the 75 positions we hold weights for in JHDV and 504 in SPY.
Which pays a higher dividend, JHDV or SPY?
JHDV yields 2.06% while SPY yields 0.98%, so JHDV currently pays the higher dividend yield.
Is SPY better than JHDV?
SPY has a lower expense ratio. JHDV led over 1Y, SPY over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. JHDV is less concentrated, with 33.8% 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.