John Hancock Multifactor Large Cap ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.7x P/Sales
ratio
2.3x
P/BV
ratio
3.4x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Large Cap ETF tracks an index of largest 800 US firms, weighted by multiple factors relative to their sector peers.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Sep 28, 2015
Assets (mns) $1,004
Currency USD
Expense ratio 29 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 779
Wgt avg mkt cap (mns) $275,726
Large cap (>$10bn) 91.9%
Mid cap ($2-10bn) 7.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 3.5 %
MICROSOFT CORP 3.3 %
AMAZON.COM INC 2.5 %
ALPHABET INC. CLASS A 1.6 %
FACEBOOK 1.2 %
JOHNSON & JOHNSON 0.9 %
BERKSHIRE HATHAWAY INC-CL B 0.9 %
UNITEDHEALTH GROUP INC 0.8 %
JPMORGAN CHASE & CO 0.8 %
VISA INC-CLASS A SHARES 0.8 %
Total 16.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
IRELAND 1.9 %
BRITAIN 1.2 %
SWITZERLAND 0.4 %
BERMUDA 0.4 %
SINGAPORE 0.1 %
LUXEMBOURG 0.0 %
CAYMAN ISLANDS 0.0 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.6% 7.0% 10.6% -- 12.0%

Market Correlations
versus... Beta R-squared
S&P500 1.02 99%
MSCI EAFE 1.05 86%
MSCI Emg. Mkts. 0.76 69%

Technical Indicators
Recent close $46.14
30d moving avg. $43.75
Annualized volatility 18.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 107
Turnover 0.5%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $236,537

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JHML Expense: 29 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHML
Ticker Fund
Name
Overlap1
vs JHML
(%)
Expense
ratio
(bp)
Savings
vs JHML
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHML
(%)
SCHX Schwab U.S. Large-Cap ETF 78.5 3 26 4.8 -0.3
IYY iShares Dow Jones U.S. ETF 78.1 20 9 4.6 -0.4
IWB iShares Russell 1000 ETF 78.1 15 14 4.7 -0.4
SCHK Schwab 1000 Index ETF 78.1 5 24 4.8 -0.2
PBUS Invesco PureBeta MSCI USA ETF 77.4 4 25 4.8 -0.2
VTHR Vanguard Russell 3000 Index Fund 77.2 10 19 4.6 -0.4
SCHB Schwab U.S. Broad Market ETF 76.3 3 26 4.7 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 76.2 3 26 4.7 -0.4
IWV iShares Russell 3000 ETF 76.2 20 9 4.5 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 75.8 2 27 4.8 -0.2
VTI Vanguard Total Stock Market Index Fund 75.1 3 26 4.6 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 75.0 7 22 4.8 -0.3
VONE Vanguard Russell 1000 ETF 74.9 8 21 4.8 -0.3
VV Vanguard Large-Cap Index Fund 74.8 4 25 4.8 -0.3
HSPX Global X S&P 500 Covered Call ETF 74.7 60 -31 4.6 -0.4
PBP Invesco S&P 500 BuyWrite ETF 74.2 49 -20 4.7 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 74.2 3 26 5.1 +0.0
SPLG SPDR Portfolio Large Cap ETF 73.8 3 26 5.0 -0.0
IVV iShares Core S&P 500 ETF 73.8 3 26 5.0 -0.0
SPY SPDR S&P 500 ETF Trust 73.8 9 20 4.9 -0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 73.7 60 -31 4.6 -0.4
VOO VANGUARD S&P 500 ETF 73.3 3 26 5.0 -0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 73.0 20 9 4.9 -0.1
ESGV Vanguard ESG U.S. Stock ETF 72.8 12 17 4.7 -0.3
SPXE ProShares S&P 500 Ex-Energy ETF 71.9 27 2 4.9 -0.2
AVUS Avantis U.S. Equity ETF 71.9 15 14 5.1 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 71.8 9 20 5.2 +0.2
SFY SoFi Select 500 ETF 69.0 0 29 4.7 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 68.5 15 14 4.7 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 68.0 8 21 5.9 +0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 67.8 30 -1 6.1 +1.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 67.6 25 4 5.6 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 66.8 29 0 4.7 -0.3
PRF Invesco FTSE RAFI US 1000 ETF 65.7 39 -10 6.0 +1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 65.5 9 20 5.2 +0.2
TOK iShares MSCI Kokusai ETF 65.5 25 4 5.1 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 65.5 27 2 4.6 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 65.4 27 2 4.6 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 64.7 15 14 5.4 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 64.6 20 9 4.6 -0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 64.3 25 4 5.9 +0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 63.7 25 4 5.9 +0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 63.1 9 20 5.4 +0.4
EUSA iShares MSCI USA Equal Weighted ETF 62.7 15 14 5.5 +0.5
URTH iShares MSCI World ETF 61.9 24 5 5.2 +0.1
IUS Invesco Strategic US ETF 61.4 19 10 5.7 +0.6
SIZE iShares MSCI USA Size Factor ETF 61.1 15 14 5.4 +0.4
MGC Vanguard Mega Cap Index Fund 61.0 7 22 4.8 -0.3
RSP Invesco S&P 500 Equal Weight ETF 60.8 20 9 5.8 +0.8
SPXT ProShares S&P 500 Ex-Technology ETF 60.7 27 2 5.1 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 59.6 12 17 4.2 -0.9
VLU SPDR S&P 1500 Value Tilt ETF 59.6 12 17 6.4 +1.4
VONV Vanguard Russell 1000 Value Index Fund 59.5 8 21 6.3 +1.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 59.2 35 -6 5.3 +0.3
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 59.2 35 -6 5.3 +0.3
IWD iShares Russell 1000 Value ETF 59.1 19 10 6.2 +1.2
SCHV Schwab U.S. Large-Cap Value ETF 58.4 4 25 6.2 +1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 58.3 29 0 5.2 +0.1
IWL iShares Russell Top 200 ETF 58.2 15 14 4.6 -0.4
IQSU IQ Candriam ESG US Equity ETF 57.6 9 20 4.7 -0.3
RWL Invesco S&P 500 Revenue ETF 57.4 39 -10 6.4 +1.4
BKLC BNY Mellon US Large Cap Core Equity ETF 57.4 0 29 4.8 -0.3
SNPE Xtrackers S&P 500 ESG ETF 57.0 10 19 4.7 -0.3
EFIV SPDR S&P 500 ESG ETF 56.9 10 19 4.7 -0.3
DIVB iShares U.S. Dividend & Buyback ETF 56.8 25 4 6.1 +1.1
IUSG iShares Core S&P US Growth ETF 56.7 4 25 4.2 -0.9
VOOG Vanguard S&P 500 Growth ETF 55.5 10 19 4.1 -0.9
ACWI iShares MSCI ACWI ETF 55.4 32 -3 5.4 +0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 55.0 4 25 4.2 -0.9
IVW iShares S&P 500 Growth ETF 54.9 18 11 4.0 -1.0
DTD WisdomTree U.S.Total Dividend Fund 54.8 28 1 6.1 +1.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 54.4 20 9 5.5 +0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 54.4 20 9 5.6 +0.5
IUSV iShares Core S&P U.S. Value ETF 53.3 4 25 6.7 +1.7
RNLC Large Cap US Equity Select ETF 53.3 60 -31 5.5 +0.5
VOOV Vanguard S&P 500 Value ETF 53.0 10 19 6.6 +1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 52.9 60 -31 3.8 -1.2
SPYV SPDR Portfolio S&P 500 Value ETF 52.4 4 25 6.7 +1.7
IVE iShares S&P 500 Value ETF 52.4 18 11 6.5 +1.5
ESG FlexShares STOXX US ESG Impact Index Fund 52.3 32 -3 4.7 -0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 52.1 28 1 5.9 +0.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 50.9 17 12 5.9 +0.9
EXT WisdomTree U.S. Total Earnings Fund 50.8 28 1 5.2 +0.1
ONEO SPDR Russell 1000 Momentum Focus ETF 50.7 20 9 5.9 +0.8
VT Vanguard Total World Stock Index Fund 50.7 8 21 5.6 +0.6
AFLG First Trust Active Factor Large Cap ETF 50.4 55 -26 4.9 -0.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 50.2 29 0 6.1 +1.1
FEX First Trust Large Cap Core AlphaDEX Fund 49.4 60 -31 5.0 -0.1
ROUS Hartford Multifactor US Equity ETF 49.2 19 10 6.1 +1.1
DSI iShares MSCI KLD 400 Social ETF 48.2 25 4 4.7 -0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 48.2 9 20 5.3 +0.3
QWLD SPDR MSCI World StrategicFactors ETF 48.0 30 -1 5.6 +0.6
IWF iShares Russell 1000 Growth ETF 47.7 19 10 3.6 -1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 47.5 15 14 5.8 +0.8
VONG Vanguard Russell 1000 Growth Index Fund 47.4 8 21 3.7 -1.3
VEGN US Vegan Climate ETF 47.4 60 -31 4.7 -0.4
DGRO iShares Core Dividend Growth ETF 47.4 8 21 6.1 +1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 47.3 18 11 5.7 +0.7
VTV Vanguard Value Index Fund 47.2 4 25 6.7 +1.7

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 Large Cap 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 16.5 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.