JHDV vs VOO
John Hancock US High Dividend ETF vs Vanguard S&P 500 ETF
Which is better, JHDV or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. JHDV led over 1Y, VOO over 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. JHDV is less concentrated, with 33.1% of the fund in its ten largest positions against 36.4%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.34% | 0.03%Best |
| AUM | $11M | $997.4B |
| Dividend Yield | 2.06% | 1.08% |
| Holdings | 78 | 509 |
| YTD Return | +20.05%Best | +13.81% |
| 1Y Return | +26.75%Best | +21.53% |
| 3Y Return (annualized) | +20.63% | +21.46%Best |
| 5Y Return (annualized) | - | +12.87% |
| Volatility (annualized) | 13.6% | 13.2%Best |
| Max Drawdown | -19.0% | -18.7%Best |
| $10,000 over 3.9 years | $20,561 | $21,849Best |
| Top 10 Weight | 33.1%Best | 36.4% |
| Fund Family | John Hancock Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 27, 2022 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Sep 28, 2022 to Sep 3, 2026 (3.9 years).
JHDV vs VOO 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 3.9 years both funds cover.
JHDV vs VOO Performance
John Hancock US High Dividend ETF (JHDV) is an ETF from John Hancock Investment Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year JHDV returned +26.75% while VOO returned +21.53%. Year to date, JHDV is up 20.05% versus a gain of 13.81% for VOO.
Over three years, JHDV compounded at +20.63% per year against +21.46% for VOO. Across the full 4-year window we track, VOO has the edge at +22.19% annualized vs +20.30%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHDV has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.2% for VOO. 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 VOO charges 0.03%. On a $10,000 position that is $34 vs $3 annually, a gap of $31 per year that compounds over a long holding period. On income, JHDV currently yields 2.06% against 1.08% for VOO.
Holdings Overlap
88.5% of JHDV's money is in holdings VOO also owns. 39.2% of VOO's money is in holdings JHDV also owns.
Most of JHDV is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 49 days apart, JHDV as of Aug 18, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
66 positions in common, counted across the 76 positions we hold weights for in JHDV and 505 in VOO, against full books of 78 and 509.
What only one of them owns
Our book lists 431 positions for VOO that do not appear in our book for JHDV (60.3% of the fund), and 10 for JHDV that do not appear in VOO (9.9%).
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.
Top Shared Holdings
| Stock | Weight in JHDV | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.06% | 7.51% | 0.55% |
| AAPLApple, Inc | 4.89% | 6.59% | 1.70% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.23% | 4.30% | 0.93% |
| AVGOBroadcom Inc | 2.61% | 2.77% | 0.16% |
| MUMicron Technology, Inc. | 2.04% | 2.02% | 0.02% |
| LRCXLrcx Uw Equity | 1.98% | 0.84% | 1.14% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.70% | 0.72% | 0.98% |
| VZVerizon Communic | 2.13% | 0.27% | 1.86% |
| GSGoldman Sachs Group Inc/The | 1.90% | 0.44% | 1.46% |
| JPMJpmorgan Chase | 1.08% | 1.26% | 0.18% |
88.5% of JHDV is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, JHDV or VOO?
JHDV has an expense ratio of 0.34% while VOO charges 0.03%. VOO is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, JHDV or VOO?
Over the past year JHDV returned +26.75% vs +21.53% for VOO, so JHDV leads on 1-year performance. Over the longest common window we track (4 years), JHDV annualized +20.30% vs +22.19% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHDV or VOO?
JHDV has been the more volatile fund at 13.6% annualized versus 13.2% for VOO. Worst drawdown: JHDV -19.0% vs VOO -18.7%.
Should I hold both JHDV and VOO?
JHDV and VOO have a monthly-return correlation of 0.95, 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 VOO?
88.5% of JHDV's money is in holdings VOO also owns. 39.2% of VOO's is in holdings JHDV also owns. They hold 66 positions in common, counted across the 76 positions we hold weights for in JHDV and 505 in VOO.
Which pays a higher dividend, JHDV or VOO?
JHDV yields 2.06% while VOO yields 1.08%, so JHDV currently pays the higher dividend yield.
Is VOO better than JHDV?
VOO has a lower expense ratio. JHDV led over 1Y, VOO over 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. JHDV is less concentrated, with 33.1% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.