JHML vs VYM
John Hancock Multifactor Large Cap ETF vs Vanguard High Dividend Yield ETF
Which is better, JHML or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. JHML led over 3Y and the full window, VYM over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.92. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 46.7%.
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 | JHML | VYM |
|---|---|---|
| Expense Ratio | 0.29% | 0.04%Best |
| AUM | $1.2B | $81.6B |
| Dividend Yield | 0.94% | 2.22% |
| Holdings | 780 | 613 |
| YTD Return | +12.87% | +13.91%Best |
| 1Y Return | +17.22% | +17.57%Best |
| 3Y Return (annualized) | +19.32%Best | +18.12% |
| 5Y Return (annualized) | +11.24% | +12.17%Best |
| Volatility (annualized) | 15.4% | 14.0%Best |
| Max Drawdown | -36.1% | -35.7%Best |
| $10,000 over 5 years | $17,034 | $17,758Best |
| Top 10 Weight | 46.7% | 25.9%Best |
| Fund Family | John Hancock Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 28, 2015 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2015 to Sep 11, 2026 (10.9 years).
JHML vs VYM 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 10.9 years both funds cover.
JHML vs VYM Performance
John Hancock Multifactor Large Cap ETF (JHML) is an ETF from John Hancock Investment Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year JHML returned +17.22% while VYM returned +17.57%. Year to date, JHML is up 12.87% versus a gain of 13.91% for VYM.
Over three years, JHML compounded at +19.32% per year against +18.12% for VYM; over five years the annualized figures are +11.24% and +12.17% respectively. Across the full 11-year window we track, JHML has the edge at +13.19% annualized vs +10.72%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHML has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.0% for VYM. 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 -36.1% for JHML and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHML charges 0.29% per year while VYM charges 0.04%. On a $10,000 position that is $29 vs $4 annually, a gap of $25 per year that compounds over a long holding period. On income, JHML currently yields 0.94% against 2.22% for VYM.
Holdings Overlap
24.2% of JHML's money is in holdings VYM also owns. 15.7% of VYM's money is in holdings JHML also owns.
JHML and VYM share little of their money.
The two holdings books were reported 49 days apart, JHML as of Aug 18, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
15 positions in common, counted across the 53 positions we hold weights for in JHML and 603 in VYM, against full books of 780 and 613.
What only one of them owns
Our book lists 553 positions for VYM that do not appear in our book for JHML (81.8% of the fund), and 30 for JHML that do not appear in VYM (67.0%).
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 JHML | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 4.59% | 7.29% | 2.70% |
| JPMJpmorgan Chase & Co. | 4.22% | 3.38% | 0.84% |
| LINLinde Plc Ordinary Shares | 1.59% | 0.99% | 0.60% |
| VLOValero Energy Corp. | 1.91% | 0.32% | 1.59% |
| MDTMedtronic Plc Ordinary Shares | 1.52% | 0.42% | 1.10% |
| EQTEqt Corp | 1.77% | 0.13% | 1.64% |
| COPConocophillips Co | 1.28% | 0.53% | 0.75% |
| MSMorgan Stanley | 0.73% | 0.97% | 0.24% |
| LOWLowes Cos., Inc. | 1.08% | 0.51% | 0.57% |
| CMICummins Inc. | 1.07% | 0.41% | 0.66% |
24.2% of JHML is already inside VYM.
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, JHML or VYM?
JHML has an expense ratio of 0.29% while VYM charges 0.04%. VYM is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, JHML or VYM?
Over the past year JHML returned +17.22% vs +17.57% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (11 years), JHML annualized +13.19% vs +10.72% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHML or VYM?
JHML has been the more volatile fund at 15.4% annualized versus 14.0% for VYM. Worst drawdown: JHML -36.1% vs VYM -35.7%.
Should I hold both JHML and VYM?
JHML and VYM have a monthly-return correlation of 0.92, 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 JHML and VYM?
24.2% of JHML's money is in holdings VYM also owns. 15.7% of VYM's is in holdings JHML also owns. They hold 15 positions in common, counted across the 53 positions we hold weights for in JHML and 603 in VYM.
Which pays a higher dividend, JHML or VYM?
JHML yields 0.94% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than JHML?
VYM has a lower expense ratio. JHML led over 3Y and the full window, VYM over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.92. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.