JHEM vs VOO
John Hancock Multifactor Emerging Markets ETF vs Vanguard S&P 500 ETF
Which is better, JHEM or VOO?
Each has led over a different period.
VOO has a lower expense ratio. JHEM led over 1Y, VOO over 3Y, 5Y and the full window. JHEM is less concentrated, with 24.7% of the fund in its ten largest positions against 37.6%.
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 | JHEM | VOO |
|---|---|---|
| Expense Ratio | 0.49% | 0.03%Best |
| AUM | $1.0B | $997.4B |
| Dividend Yield | 1.75% | 1.04% |
| Holdings | 956 | 509 |
| YTD Return | +19.90%Best | +12.37% |
| 1Y Return | +29.34%Best | +16.61% |
| 3Y Return (annualized) | +21.11% | +21.37%Best |
| 5Y Return (annualized) | +9.45% | +13.49%Best |
| Volatility (annualized) | 17.8% | 16.9%Best |
| Max Drawdown | -35.0% | -34.3%Best |
| $10,000 over 5 years | $15,706 | $18,827Best |
| Top 10 Weight | 24.7%Best | 37.6% |
| Fund Family | John Hancock Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 27, 2018 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2018 to Sep 18, 2026 (8 years).
JHEM 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 8 years both funds cover.
JHEM vs VOO Performance
John Hancock Multifactor Emerging Markets ETF (JHEM) 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 JHEM returned +29.34% while VOO returned +16.61%. Year to date, JHEM is up 19.90% versus a gain of 12.37% for VOO.
Over three years, JHEM compounded at +21.11% per year against +21.37% for VOO; over five years the annualized figures are +9.45% and +13.49% respectively. Across the full 8-year window we track, VOO has the edge at +13.99% annualized vs +7.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHEM has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 16.9% 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 -35.0% for JHEM and -34.3% 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHEM charges 0.49% per year while VOO charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, JHEM currently yields 1.75% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 880 holdings in JHEM and 494 in VOO, totalling 96.7% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 880 positions we hold weights for in JHEM and 494 in VOO, against full books of 956 and 509.
What only one of them owns
Our book lists 487 positions for VOO that do not appear in our book for JHEM (99.2% of the fund), and 18 for JHEM that do not appear in VOO (1.6%).
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.
You are not choosing between two funds in isolation.
Whichever of JHEM and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JHEM or VOO?
JHEM has an expense ratio of 0.49% while VOO charges 0.03%. VOO is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, JHEM or VOO?
Over the past year JHEM returned +29.34% vs +16.61% for VOO, so JHEM leads on 1-year performance. Over the longest common window we track (8 years), JHEM annualized +7.94% vs +13.99% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHEM or VOO?
JHEM has been the more volatile fund at 17.8% annualized versus 16.9% for VOO. Worst drawdown: JHEM -35.0% vs VOO -34.3%.
Should I hold both JHEM and VOO?
JHEM and VOO have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JHEM or VOO?
JHEM yields 1.75% while VOO yields 1.04%, so JHEM currently pays the higher dividend yield.
Is VOO better than JHEM?
VOO has a lower expense ratio. JHEM led over 1Y, VOO over 3Y, 5Y and the full window. JHEM is less concentrated, with 24.7% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.