JHHY vs VYM
John Hancock High Yield ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | JHHY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.52% | 0.04% | |
| AUM | $96M | $81.6B | |
| Dividend Yield | 7.02% | 2.24% | |
| Holdings | 566 | 616 | |
| YTD Return | +2.51% | +15.34% | |
| 1Y Return | +6.04% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 3.3% | 14.6% | |
| Max Drawdown | -5.0% | -58.8% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 1, 2024 | Nov 10, 2006 |
JHHY vs VYM Performance
John Hancock High Yield ETF (JHHY) is a ETF from John Hancock Investment Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year JHHY returned +6.04% while VYM returned +23.24%. Year to date, JHHY is up 2.51% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 3.3% for JHHY. 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 -5.0% for JHHY and -58.8% for VYM. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHHY charges 0.52% per year while VYM charges 0.04%. On a $10,000 position that is $52 vs $4 annually, a gap of $48 per year that compounds over a long holding period. On income, JHHY currently yields 7.02% against 2.24% for VYM.
Holdings Overlap
JHHY and VYM share 1 holdings out of 998 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JHHY | Weight in VYM | Difference |
|---|---|---|---|
| C | 0.51% | 0.94% | 0.43% |
Frequently Asked Questions
Which is cheaper, JHHY or VYM?
JHHY has an expense ratio of 0.52% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, JHHY or VYM?
Over the past year JHHY returned +6.04% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), JHHY annualized +8.11% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, JHHY or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.3% for JHHY. Worst drawdown: JHHY -5.0% vs VYM -58.8%.
Should I hold both JHHY and VYM?
JHHY and VYM have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHHY and VYM?
JHHY and VYM share 1 common holdings with a 0.5% weight overlap. Combined, they hold 998 unique securities.
Which pays a higher dividend, JHHY or VYM?
JHHY yields 7.02% while VYM yields 2.24%, so JHHY currently pays the higher dividend yield.
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