John Hancock Multifactor Energy ETF
ALTAR
Score™
3.2% info Recommen-
dation
UNDERWEIGHT
2021E    2022E
P/E
ratio
29.1x P/Sales
ratio
1.1x
P/BV
ratio
1.6x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Energy ETF tracks an index of large- and midcap US equities from the energy 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) $21
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 31
Wgt avg mkt cap (mns) $50,353
Large cap (>$10bn) 85.3%
Mid cap ($2-10bn) 13.5%
Small cap (<$2bn) 0.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CONOCOPHILLIPS 9.2 %
MARATHON PETROLEUM 6.7 %
CHEVRON CORP 6.5 %
SCHLUMBERGER LTD 6.4 %
VALERO ENERGY CORP 6.3 %
EOG RESOURCES INC 6.2 %
EXXON MOBIL CORP 5.9 %
PIONEER NATURAL RESOURCES CO 5.6 %
WILLIAMS COS INC 4.8 %
KINDER MORGAN INC 4.6 %
Total 62.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
26.9% 7.4% -- -- -2.8%

Market Correlations
versus... Beta R-squared
S&P500 2.14 69%
MSCI EAFE 2.20 72%
MSCI Emg. Mkts. 1.83 62%

Technical Indicators
Recent close $19.03
30d moving avg. $17.01
Annualized volatility 47.6%
Short interest (ETF) 6.0%
Short interest (Underlying) 3.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.7%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $8,513

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the John Hancock Multifactor Energy ETF ETF based on the alternatives' overlap in portfolio holdings with JHME. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JHME Expense: 40 bp ALTAR Score™: 3.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHME
Ticker Fund
Name
Overlap1
vs JHME
(%)
Expense
ratio
(bp)
Savings
vs JHME
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHME
(%)
RYE Invesco S&P 500 Equal Weight Energy ETF 72.0 40 0 2.9 -0.2
VDE Vanguard Energy Index Fund 65.7 10 30 3.3 +0.1
XLE Energy Select Sector SPDR Fund 65.0 12 28 3.6 +0.5
IYE iShares U.S. Energy ETF 64.5 42 -2 3.3 +0.2
FXN First Trust Energy AlphaDEX Fund 62.7 65 -25 2.6 -0.6
FENY Fidelity MSCI Energy Index ETF 61.0 8 32 3.4 +0.3
IEO iShares U.S. Oil & Gas Exploration & Production ETF 54.7 42 -2 3.2 +0.1
FTXN First Trust Nasdaq Oil & Gas ETF 50.3 60 -20 3.0 -0.2
XOP SPDR S&P Oil & Gas Exploration & Production ETF 49.1 35 5 3.1 -0.1
IGE iShares North American Natural Resources ETF 46.1 46 -6 3.7 +0.6
PXE Invesco Dynamic Energy Exploration & Production ETF 42.7 63 -23 3.5 +0.3
IXC iShares Global Energy ETF 40.8 46 -6 4.9 +1.7
FRAK VanEck Vectors Unconventional Oil & Gas ETF 38.3 54 -14 2.1 -1.1
PXI Invesco DWA Energy Momentum ETF 30.9 60 -20 -0.8 -4.0
FILL iShares MSCI Global Energy Producers ETF 30.1 39 1 5.2 +2.1
FCG First Trust Natural Gas ETF 29.2 60 -20 2.7 -0.5
NANR SPDR S&P North American Natural Resources ETF 28.6 35 5 3.8 +0.6
EQRR ProShares Equities for Rising Rates ETF 26.8 35 5 5.5 +2.3
SPHB Invesco S&P 500 High Beta ETF 19.7 25 15 4.9 +1.7
ALTL Pacer Lunt Large Cap Alternator ETF 19.6 60 -20 4.5 +1.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 18.5 65 -25 4.2 +1.1
HDV iShares Core High Dividend ETF 17.5 8 32 6.3 +3.2
TPYP Tortoise North American Pipeline Fund 17.5 40 0 5.4 +2.2
EINC VanEck Vectors Energy Income ETF 17.5 45 -5 4.4 +1.3
USAI Pacer American Energy Independence ETF 17.5 75 -35 3.8 +0.7
MLPX Global X MLP & Energy Infrastructure ETF 17.2 45 -5 4.0 +0.8
ENFR Alerian Energy Infrastructure ETF 17.2 65 -25 3.8 +0.6
CRAK VanEck Vectors Oil Refiners ETF 16.9 60 -20 7.3 +4.2
GNR SPDR S&P Global Natural Resources ETF 15.0 40 0 5.5 +2.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 14.7 46 -6 5.3 +2.2
MAGA Point Bridge GOP Stock Tracker ETF 14.6 72 -32 5.2 +2.1
GBDV Global Beta Smart Income ETF 14.6 29 11 7.6 +4.5
SPYD SPDR S&P 500 High Dividend ETF 14.3 7 33 8.1 +4.9
IEZ iShares U.S. Oil Equipment & Services ETF 13.5 42 -2 -0.4 -3.5
PXJ Invesco Dynamic Oil & Gas Services ETF 13.5 63 -23 -1.0 -4.1
OIH VanEck Vectors Oil Services ETF 13.5 35 5 -1.2 -4.3
HAP VanEck Vectors Natural Resources ETF 13.0 50 -10 5.0 +1.9
VRAI Virtus Real Asset Income ETF 11.6 55 -15 6.9 +3.8
XES SPDR S&P Oil & Gas Equipment & Services ETF 11.6 35 5 -2.2 -5.4
JKI iShares Morningstar Mid-Cap Value ETF 11.0 30 10 6.7 +3.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 10.8 39 1 8.0 +4.8
PEY Invesco High Yield Equity Dividend Achievers ETF 10.8 52 -12 7.6 +4.5
SDOG ALPS Sector Dividend Dogs ETF 10.6 40 0 8.0 +4.8
GLIF AGFiQ Global Infrastructure ETF 10.3 45 -5 4.8 +1.6
FDVV Fidelity Core Dividend ETF 9.9 29 11 6.4 +3.2
SPVU Invesco S&P 500 Enhanced Value ETF 9.8 13 27 8.8 +5.6
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 9.7 49 -9 4.4 +1.2
EMLP First Trust North American Energy Infrastructure Fund 9.7 96 -56 4.9 +1.8
DVY iShares Select Dividend ETF 9.5 39 1 7.5 +4.3
GRES IQ Global Resources ETF 9.4 78 -38 5.8 +2.7
ONEY SPDR Russell 1000 Yield Focus ETF 9.4 20 20 6.2 +3.1
FTRI First Trust Indxx Global Natural Resources Income ETF 9.2 70 -30 8.4 +5.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.1 30 10 7.6 +4.4
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 9.0 75 -35 6.0 +2.8
RPV Invesco S&P 500 Pure Value ETF 8.9 35 5 8.9 +5.7
ESGS Columbia Sustainable U.S. Equity Income ETF 8.8 35 5 7.4 +4.3
VLU SPDR S&P 1500 Value Tilt ETF 8.7 12 28 5.9 +2.7
IGF iShares Global Infrastructure ETF 8.7 46 -6 4.4 +1.2
GII SPDR S&P Global Infrastructure ETF 8.7 40 0 4.5 +1.3
SPDV AAM S&P 500 High Dividend Value ETF 8.4 29 11 8.3 +5.1
IUS Invesco Strategic US ETF 8.3 19 21 5.3 +2.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 8.2 47 -7 5.1 +2.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 8.2 25 15 5.6 +2.4
EQAL Invesco Russell 1000 Equal Weight ETF 8.1 20 20 5.0 +1.9
FOVL iShares Focused Value Factor ETF 8.0 25 15 7.4 +4.3
SCHD Schwab U.S. Dividend Equity ETF 7.8 6 34 6.9 +3.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 7.7 29 11 5.5 +2.3
SYLD Cambria Shareholder Yield ETF 7.7 59 -19 6.9 +3.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 7.5 25 15 5.5 +2.3
VYM Vanguard High Dividend Yield Index ETF 7.3 6 34 6.8 +3.6
JDIV JPMorgan U.S. Dividend ETF 7.1 12 28 6.4 +3.3
VOOV Vanguard S&P 500 Value ETF 7.1 10 30 6.2 +3.0
TPHD Timothy Plan High Dividend Stock ETF 7.0 52 -12 5.6 +2.5
RWL Invesco S&P 500 Revenue ETF 7.0 39 1 6.0 +2.9
JKL iShares Morningstar Small Cap Value ETF 6.9 30 10 6.8 +3.7
DIV Global X SuperDividend US ETF 6.8 46 -6 6.0 +2.8
PRF Invesco FTSE RAFI US 1000 ETF 6.7 39 1 5.6 +2.5
DJD Invesco Dow Jones Industrial Average Dividend ETF 6.5 7 33 6.5 +3.4
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 6.3 60 -20 6.8 +3.6
JMIN JPMorgan U.S. Minimum Volatility ETF 6.2 12 28 5.6 +2.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 6.1 19 21 5.3 +2.1
DIVB iShares U.S. Dividend & Buyback ETF 6.0 25 15 6.0 +2.8
QSY WisdomTree U.S. LargeCap Value Fund 6.0 38 2 6.9 +3.7
SDY SPDR S&P Dividend ETF 6.0 35 5 6.1 +2.9
FTA First Trust Large Cap Value AlphaDEX Fund 5.9 60 -20 7.1 +3.9
SPYV SPDR Portfolio S&P 500 Value ETF 5.8 4 36 6.2 +3.1
IVE iShares S&P 500 Value ETF 5.8 18 22 6.1 +2.9
BLES Inspire Global Hope Large Cap ETF 5.8 52 -12 5.2 +2.1
MGV Vanguard Mega Cap Value ETF 5.8 7 33 6.5 +3.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 5.8 35 5 7.4 +4.3
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 5.8 35 5 7.4 +4.2
IWX iShares Russell Top 200 Value ETF 5.8 20 20 6.1 +2.9
SYV SPDR MFS Systematic Value Equity ETF 5.7 60 -20 6.2 +3.1
VTV Vanguard Value Index Fund 5.7 4 36 6.5 +3.3
AMZA InfraCap MLP ETF 5.6 241 -201 4.5 +1.3
VONV Vanguard Russell 1000 Value Index Fund 5.6 8 32 6.0 +2.9
RYJ Invesco Raymond James SB-1 Equity ETF 5.6 76 -36 3.6 +0.4
HLAL Wahed FTSE USA Shariah ETF 5.6 50 -10 4.2 +1.0

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 Energy ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.6 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.50
 
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.