JHEM vs VOO
JHEM vs VOO
John Hancock Multifactor Emerging Markets ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. JHEM delivered stronger 1-year returns. JHEM offers more diversification with 945 holdings.
Side-by-Side Comparison
| Metric | JHEM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $987M | $979.0B | |
| Dividend Yield | 1.78% | 1.09% | |
| Holdings | 956 | 509 | |
| YTD Return | +17.59% | +13.80% | |
| 1Y Return | +34.86% | +23.71% | |
| 3Y Return (annualized) | +19.65% | +21.50% | |
| 5Y Return (annualized) | +8.08% | +13.44% | |
| Volatility (annualized) | 17.8% | 14.1% | |
| Max Drawdown | -35.0% | -34.3% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2018 | Sep 7, 2010 |
JHEM vs VOO Performance
John Hancock Multifactor Emerging Markets ETF (JHEM) is a ETF from John Hancock Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JHEM returned +34.86% while VOO returned +23.71%. Year to date, JHEM is up 17.59% versus a gain of 13.80% for VOO.
Over three years, JHEM compounded at +19.65% per year against +21.50% for VOO; over five years the annualized figures are +8.08% and +13.44% respectively. Across the full 8-year window we track, VOO has the edge at +13.58% annualized vs +7.79%. 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 14.1% 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 worth weighing if you expect to sell during market stress rather than ride it out.
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 1.78% against 1.09% for VOO.
Holdings Overlap
JHEM and VOO share 1 holdings out of 1449 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JHEM | Weight in VOO | Difference |
|---|---|---|---|
| HAL | 0.06% | 0.04% | 0.02% |
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. On a $10,000 investment, that is $46 per year of difference.
Which performed better, JHEM or VOO?
Over the past year JHEM returned +34.86% vs +23.71% for VOO, so JHEM leads on 1-year performance. Over the longest common window we track (8 years), JHEM annualized +7.79% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, JHEM or VOO?
JHEM has been the more volatile fund at 17.8% annualized versus 14.1% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHEM and VOO?
JHEM and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1449 unique securities.
Which pays a higher dividend, JHEM or VOO?
JHEM yields 1.78% while VOO yields 1.09%, so JHEM currently pays the higher dividend yield.
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