John Hancock Multifactor Industrials ETF
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.0x P/Sales
ratio
1.8x
P/BV
ratio
3.8x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Industrials ETF tracks an index of large- and midcap US equities from the industrials 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) $38
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 151
Wgt avg mkt cap (mns) $40,400
Large cap (>$10bn) 79.7%
Mid cap ($2-10bn) 20.1%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ACCENTURE PLC-CL A 2.5 %
UNION PACIFIC CORP 2.5 %
UNITED PARCEL SERVICE-CL B 2.1 %
HONEYWELL INTERNATIONAL INC 2.0 %
3M CO 1.9 %
CATERPILLAR INC 1.8 %
PACCAR INC 1.8 %
CUMMINS INC 1.8 %
LOCKHEED MARTIN CORP 1.6 %
CSX CORP 1.6 %
Total 19.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.0 %
IRELAND 7.8 %
BRITAIN 1.6 %
BERMUDA 0.3 %
LUXEMBOURG 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.1% 4.1% -- -- 11.1%

Market Correlations
versus... Beta R-squared
S&P500 1.20 92%
MSCI EAFE 1.26 84%
MSCI Emg. Mkts. 0.89 67%

Technical Indicators
Recent close $38.62
30d moving avg. $38.62
Annualized volatility 22.2%
Short interest (ETF) 0.7%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.8%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $2,416

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the John Hancock Multifactor Industrials ETF ETF based on the alternatives' overlap in portfolio holdings with JHMI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JHMI Expense: 40 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMI
Ticker Fund
Name
Overlap1
vs JHMI
(%)
Expense
ratio
(bp)
Savings
vs JHMI
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMI
(%)
FIDU Fidelity MSCI Industrials Index ETF 64.4 8 32 5.6 -0.1
VIS Vanguard Industrials Index Fund 63.6 10 30 5.5 -0.3
XLI Industrial Select Sector SPDR Fund 61.4 13 27 5.4 -0.3
RGI Invesco S&P 500 Equal Weight Industrials ETF 60.8 40 0 4.9 -0.8
IYJ iShares U.S. Industrials ETF 59.7 42 -2 5.6 -0.1
EXI iShares Global Industrials ETF 45.3 46 -6 5.6 -0.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 37.6 63 -23 6.3 +0.6
TPLC Timothy Plan US Large Cap Core ETF 24.4 52 -12 5.4 -0.3
MAGA Point Bridge GOP Stock Tracker ETF 23.1 72 -32 6.6 +0.9
JKG iShares Morningstar Mid-Cap ETF 22.8 25 15 5.4 -0.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 22.6 30 10 5.7 -0.0
BIBL Inspire ETF 21.3 35 5 4.8 -0.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 20.8 20 20 7.1 +1.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 20.8 28 12 7.0 +1.3
KLCD KFA Large Cap Quality Dividend Index ETF 20.0 42 -2 5.6 -0.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 19.9 25 15 5.9 +0.2
ONEO SPDR Russell 1000 Momentum Focus ETF 19.8 20 20 6.5 +0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 19.5 17 23 6.4 +0.7
DSTL Distillate US Fundamental Stability & Value ETF 19.5 39 1 6.6 +0.9
PWV Invesco Dynamic Large Cap Value ETF 19.2 56 -16 8.3 +2.6
IWS iShares Russell Mid-Cap Value ETF 18.9 24 16 7.2 +1.4
JHMM John Hancock Multifactor Mid Cap ETF 17.9 42 -2 5.7 -0.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 17.9 17 23 6.5 +0.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 17.8 29 11 7.0 +1.3
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 17.7 35 5 5.8 +0.1
FTXR First Trust Nasdaq Transportation ETF 17.6 60 -20 6.2 +0.5
PAVE Global X U.S. Infrastructure Development ETF 17.6 47 -7 5.5 -0.2
VETS Pacer Military Times Best Employers ETF 17.6 60 -20 7.1 +1.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 17.5 35 5 5.8 +0.1
VIG Vanguard Dividend Appreciation Index Fund 17.3 6 34 5.3 -0.4
TPHD Timothy Plan High Dividend Stock ETF 17.1 52 -12 7.6 +1.9
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 17.0 75 -35 5.7 -0.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 17.0 35 5 6.1 +0.4
FLQL Franklin LibertyQ U.S. Equity ETF 16.9 15 25 6.2 +0.5
IWR iShares Russell Midcap ETF 16.8 19 21 5.6 -0.1
SCHM Schwab U.S. Mid-Cap ETF 16.7 4 36 6.2 +0.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 16.7 4 36 5.4 -0.3
PFM Invesco Dividend Achievers ETF 16.6 53 -13 5.4 -0.3
USDY Pacific Global US Equity Income ETF 16.5 29 11 7.2 +1.5
PRN Invesco DWA Industrials Momentum ETF 16.4 60 -20 2.9 -2.8
LGLV SPDR Russell 1000 Low Volatility ETF 16.2 12 28 5.6 -0.2
PSET Principal Price Setters Index ETF 16.1 15 25 5.0 -0.7
XTN SPDR S&P Transportation ETF 16.1 35 5 4.4 -1.3
PPA Invesco Aerospace & Defense ETF 16.1 59 -19 5.8 +0.1
RSP Invesco S&P 500 Equal Weight ETF 15.6 20 20 6.7 +0.9
SDY SPDR S&P Dividend ETF 15.6 35 5 7.3 +1.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 15.6 24 16 6.2 +0.5
VSDA VictoryShares Dividend Accelerator ETF 15.4 35 5 4.8 -0.9
SIZE iShares Edge MSCI USA Size Factor ETF 15.3 15 25 6.2 +0.5
LSAF LeaderShares AlphaFactor US Core Equity ETF 15.2 75 -35 6.2 +0.4
SCHV Schwab U.S. Large-Cap Value ETF 15.2 4 36 6.9 +1.2
FTA First Trust Large Cap Value AlphaDEX Fund 15.1 60 -20 9.4 +3.7
REVS Columbia Research Enhanced Value ETF 15.0 19 21 7.5 +1.8
LEAD Reality Shares DIVCON Leaders Dividend ETF 15.0 43 -3 4.5 -1.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 14.9 20 20 7.6 +1.9
QDIV Global X S&P 500 Quality Dividend ETF 14.7 20 20 7.8 +2.1
IJH iShares Core S&P Mid-Cap ETF 14.6 5 35 6.8 +1.1
MDY SPDR S&P Midcap 400 ETF Trust 14.6 23 17 6.7 +0.9
SPMD SPDR Portfolio Mid Cap ETF 14.6 5 35 6.8 +1.1
FEX First Trust Large Cap Core AlphaDEX Fund 14.5 60 -20 6.0 +0.3
VALQ American Century STOXX U.S. Quality Value ETF 14.4 29 11 9.1 +3.4
EZM WisdomTree U.S. MidCap Earnings Fund 14.4 38 2 9.2 +3.5
IVOO Vanguard S&P Mid-Cap 400 ETF 14.4 10 30 6.6 +0.9
DON WisdomTree U.S. MidCap Dividend Fund 14.4 38 2 7.9 +2.2
EUSA iShares MSCI USA Equal Weighted ETF 14.3 15 25 6.2 +0.5
VOE Vanguard Mid-Cap Value Index Fund 14.1 7 33 7.8 +2.1
IYT iShares Transportation Average ETF 14.1 42 -2 4.4 -1.3
SPVM Invesco S&P 500 Value with Momentum ETF 14.0 39 1 9.0 +3.3
DFND Reality Shares DIVCON Dividend Defender ETF 14.0 144 -104 3.4 -2.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 14.0 65 -25 3.0 -2.7
XKFF SPDR Kensho Final Frontiers ETF 14.0 45 -5 6.3 +0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 13.9 18 22 6.3 +0.6
QSY WisdomTree U.S. LargeCap Value Fund 13.9 38 2 6.9 +1.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 13.8 29 11 9.6 +3.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 13.8 9 31 6.0 +0.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 13.8 35 5 5.5 -0.2
CZA Invesco Zacks Mid-Cap ETF 13.8 69 -29 6.2 +0.5
IWD iShares Russell 1000 Value ETF 13.7 19 21 7.0 +1.3
VO Vanguard Mid-Cap Index Fund 13.7 4 36 5.3 -0.5
RNLC Large Cap US Equity Select ETF 13.7 60 -20 6.2 +0.5
FVD First Trust Value Line Dividend Index Fund 13.6 70 -30 6.4 +0.7
IUS Invesco Strategic US ETF 13.6 19 21 6.8 +1.1
VONV Vanguard Russell 1000 Value Index Fund 13.6 8 32 7.1 +1.4
FTCS First Trust Capital Strength ETF 13.4 58 -18 5.0 -0.7
JKF iShares Morningstar Large Cap Value ETF 13.2 25 15 7.7 +2.0
CCOR Core Alternative ETF 13.2 109 -69 4.7 -1.0
JVAL JPMorgan U.S. Value Factor ETF 13.2 12 28 8.6 +2.9
RVRS Reverse Cap Weighted U.S. Large Cap ETF 13.2 29 11 7.7 +2.0
LRGF iShares Edge MSCI Multifactor USA ETF 13.1 20 20 7.6 +1.9
BFOR Barron's 400 ETF 13.1 65 -25 6.7 +1.0
RPG Invesco S&P 500 Pure Growth ETF 13.1 35 5 4.6 -1.1
OUSA O'Shares FTSE US Quality Dividend ETF 13.0 48 -8 6.2 +0.5
SPGP Invesco S&P 500 GARP ETF 12.9 34 6 7.1 +1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 12.9 71 -31 10.1 +4.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 12.8 7 33 5.3 -0.4
EQWL Invesco Russell Top 200 Equal Weight ETF 12.7 25 15 6.3 +0.6
VTV Vanguard Value Index Fund 12.7 4 36 7.4 +1.7
DGRO iShares Core Dividend Growth ETF 12.6 8 32 6.9 +1.2
FSMD Fidelity Small-Mid Factor ETF 12.6 29 11 6.5 +0.8

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

Content on this tab for subscribers only

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 Industrials ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.7 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.51
 
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.