John Hancock Multifactor Materials ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
22.0x P/Sales
ratio
1.4x
P/BV
ratio
2.3x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Materials ETF tracks an index of large- and midcap US equities from the materials sector. The index selects stocks by market caps and weights them by multiple factors: size, value, profitability and momentum.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Mar 28, 2016
Assets (mns) $19
Currency USD
Expense ratio 40 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 53
Wgt avg mkt cap (mns) $26,697
Large cap (>$10bn) 66.7%
Mid cap ($2-10bn) 33.0%
Small cap (<$2bn) 0.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PRAXAIR INC 6.2 %
NEWMONT MINING CORP 5.1 %
PPG INDUSTRIES INC 5.0 %
AIR PRODUCTS & CHEMICALS INC 4.4 %
SHERWIN-WILLIAMS CO/THE 4.2 %
ECOLAB INC 3.8 %
LYONDELLBASELL INDU-CL A 3.8 %
BALL CORP 3.6 %
INTERNATIONAL PAPER CO 3.3 %
NUCOR CORP 3.1 %
Total 42.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.0 %
BRITAIN 12.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.4% -5.3% -- -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 1.17 86%
MSCI EAFE 1.25 85%
MSCI Emg. Mkts. 0.93 74%

Technical Indicators
Recent close $30.79
30d moving avg. $30.49
Annualized volatility 21.4%
Short interest (ETF) 3.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.5%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $11,722

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the John Hancock Multifactor Materials ETF ETF based on the alternatives' overlap in portfolio holdings with JHMA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JHMA Expense: 40 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMA
Ticker Fund
Name
Overlap1
vs JHMA
(%)
Expense
ratio
(bp)
Savings
vs JHMA
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMA
(%)
FMAT Fidelity MSCI Materials Index ETF 69.3 8 32 6.1 -0.8
VAW Vanguard Materials Index Fund 68.4 10 30 6.1 -0.7
XLB Materials Select Sector SPDR Fund 68.1 13 27 5.9 -0.9
RTM Invesco S&P 500 Equal Weight Materials ETF 66.4 40 0 6.3 -0.6
IYM iShares U.S. Basic Materials ETF 57.7 42 -2 5.4 -1.4
PYZ Invesco DWA Basic Materials Momentum ETF 44.6 60 -20 6.1 -0.8
FXZ First Trust Materials AlphaDEX Fund 43.2 65 -25 7.3 +0.5
MXI iShares Global Materials ETF 34.2 46 -6 6.1 -0.7
IGE iShares North American Natural Resources ETF 18.2 46 -6 4.1 -2.7
EQRR ProShares Equities for Rising Rates ETF 16.0 35 5 6.1 -0.7
XME SPDR S&P Metals & Mining ETF 15.4 35 5 8.5 +1.6
PAVE Global X U.S. Infrastructure Development ETF 15.3 47 -7 5.8 -1.0
CUT Invesco MSCI Global Timber ETF 14.6 61 -21 9.3 +2.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 12.9 63 -23 7.1 +0.3
NANR SPDR S&P North American Natural Resources ETF 12.5 35 5 3.4 -3.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 12.5 35 5 6.2 -0.7
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 12.5 75 -35 5.8 -1.0
TPHD Timothy Plan High Dividend Stock ETF 11.7 52 -12 7.7 +0.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 11.4 39 1 11.2 +4.4
YLDE ClearBridge Dividend Strategy ESG ETF 11.2 60 -20 5.0 -1.8
VOE Vanguard Mid-Cap Value Index Fund 10.9 7 33 8.0 +1.2
GNR SPDR S&P Global Natural Resources ETF 10.9 40 0 6.7 -0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 10.5 18 22 6.3 -0.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 10.5 29 11 9.9 +3.1
JDIV JPMorgan U.S. Dividend ETF 10.3 12 28 7.9 +1.1
LVUS Hartford Multifactor Low Volatility US Equity ETF 9.8 19 21 6.1 -0.7
SPDV AAM S&P 500 High Dividend Value ETF 9.6 29 11 11.0 +4.2
SDY SPDR S&P Dividend ETF 9.6 35 5 7.0 +0.2
DON WisdomTree U.S. MidCap Dividend Fund 9.5 38 2 7.8 +0.9
SDOG ALPS Sector Dividend Dogs ETF 9.5 40 0 10.4 +3.5
ONEY SPDR Russell 1000 Yield Focus ETF 9.4 20 20 9.4 +2.6
COWZ Pacer US Cash Cows 100 ETF 9.4 49 -9 10.9 +4.0
TMDV ProShares Russell US Dividend Growers ETF 9.3 35 5 5.4 -1.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 9.2 24 16 6.2 -0.6
FDVV Fidelity Core Dividend ETF 9.2 29 11 7.2 +0.3
ESGS Columbia Sustainable U.S. Equity Income ETF 9.1 35 5 8.6 +1.8
QSY WisdomTree U.S. LargeCap Value Fund 9.0 38 2 6.9 +0.1
CZA Invesco Zacks Mid-Cap ETF 8.9 76 -36 6.3 -0.5
GUNR Flexshares Morningstar Global Upstream Natural Resources 8.8 46 -6 5.8 -1.0
PEXL Pacer US Export Leaders ETF 8.8 60 -20 6.1 -0.8
DTN WisdomTree U.S. Dividend ex-Financials Fund 8.7 38 2 8.0 +1.1
QDIV Global X S&P 500 Quality Dividend ETF 8.6 20 20 7.7 +0.8
SPYD SPDR S&P 500 High Dividend ETF 8.3 7 33 10.4 +3.6
EQAL Invesco Russell 1000 Equal Weight ETF 8.2 20 20 5.7 -1.1
HAP VanEck Vectors Natural Resources ETF 8.1 50 -10 6.4 -0.5
IFRA iShares U.S. Infrastructure ETF 7.7 40 0 6.1 -0.8
TPLC Timothy Plan US Large Cap Core ETF 7.7 52 -12 5.5 -1.3
GRES IQ Global Resources ETF 7.6 77 -37 7.6 +0.8
PICK iShares MSCI Global Metals & Mining Producers ETF 7.4 39 1 7.6 +0.7
DVY iShares Select Dividend ETF 7.4 39 1 9.7 +2.9
KLCD KFA Large Cap Quality Dividend Index ETF 7.2 41 -1 5.4 -1.4
PRN Invesco DWA Industrials Momentum ETF 7.0 60 -20 4.8 -2.0
IWS iShares Russell Mid-Cap Value ETF 6.9 24 16 7.3 +0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 6.9 29 11 8.3 +1.4
RPV Invesco S&P 500 Pure Value ETF 6.9 35 5 11.3 +4.5
WBIY WBI Power Factor High Dividend ETF 6.9 70 -30 12.4 +5.5
NUMV Nuveen ESG Mid-Cap Value ETF 6.9 40 0 7.8 +1.0
MAGA Point Bridge GOP Stock Tracker ETF 6.8 72 -32 6.6 -0.3
JKI iShares Morningstar Mid-Cap Value ETF 6.7 30 10 9.3 +2.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 6.7 35 5 8.7 +1.9
SCHM Schwab U.S. Mid-Cap ETF 6.7 4 36 6.3 -0.5
PY Principal Shareholder Yield Index ETF 6.6 29 11 9.6 +2.8
PVAL Principal Contrarian Value Index ETF 6.6 29 11 10.2 +3.3
JMIN JPMorgan U.S. Minimum Volatility ETF 6.6 12 28 5.9 -0.9
GDX VanEck Vectors Gold Miners ETF 6.4 52 -12 2.9 -3.9
SGDM Sprott Gold Miners ETF 6.4 50 -10 2.9 -4.0
JKG iShares Morningstar Mid-Cap ETF 6.4 25 15 5.6 -1.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 6.3 25 15 7.9 +1.1
OSCV Opus Small Cap Value Plus ETF 6.3 79 -39 5.6 -1.2
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 6.3 40 0 6.2 -0.6
DAX Global X DAX Germany ETF 6.2 21 19 7.7 +0.9
VRAI Virtus Real Asset Income ETF 6.2 55 -15 11.2 +4.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 6.1 29 11 6.8 -0.1
VO Vanguard Mid-Cap Index Fund 6.1 4 36 5.5 -1.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 6.1 20 20 9.6 +2.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 6.0 17 23 6.6 -0.3
SYLD Cambria Shareholder Yield ETF 6.0 59 -19 9.0 +2.2
JHMM John Hancock Multifactor Mid Cap ETF 6.0 42 -2 5.8 -1.0
IYJ iShares U.S. Industrials ETF 6.0 42 -2 5.9 -0.9
FNK First Trust Mid Cap Value AlphaDEX Fund 6.0 70 -30 10.4 +3.6
SLX VanEck Vectors Steel ETF 5.9 56 -16 15.6 +8.8
CWS AdvisorShares Focused Equity ETF 5.8 85 -45 5.4 -1.5
NULV Nuveen ESG Large-Cap Value ETF 5.8 35 5 7.4 +0.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 5.8 20 20 7.1 +0.3
RSP Invesco S&P 500 Equal Weight ETF 5.7 20 20 6.8 -0.1
HLAL Wahed FTSE USA Shariah ETF 5.7 50 -10 4.7 -2.2
EQWM Invesco S&P MidCap Quality ETF 5.7 25 15 6.5 -0.4
SIZE iShares Edge MSCI USA Size Factor ETF 5.6 15 25 6.4 -0.5
EZM WisdomTree U.S. MidCap Earnings Fund 5.6 38 2 9.3 +2.5
ITB iShares U.S. Home Construction ETF 5.6 42 -2 8.6 +1.8
FCPI Fidelity Stocks for Inflation ETF 5.6 29 11 7.0 +0.1
FTA First Trust Large Cap Value AlphaDEX Fund 5.6 60 -20 9.3 +2.5
EUSA iShares MSCI USA Equal Weighted ETF 5.5 15 25 6.3 -0.5
RNMC Mid Cap US Equity Select ETF 5.5 60 -20 7.8 +1.0
VSDA VictoryShares Dividend Accelerator ETF 5.5 35 5 4.9 -1.9
ONEO SPDR Russell 1000 Momentum Focus ETF 5.5 20 20 6.5 -0.3
FTAG First Trust Indxx Global Agriculture ETF 5.4 70 -30 6.5 -0.4
VEGI iShares MSCI Global Agriculture Producers ETF 5.4 39 1 6.1 -0.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 5.4 37 3 6.3 -0.5
XMLV Invesco S&P MidCap Low Volatility ETF 5.3 25 15 5.6 -1.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
John Hancock Multifactor Materials ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.1 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.