John Hancock Multifactor Large Cap ETF
ALTAR
Score™
7.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.9x P/Sales
ratio
1.6x
P/BV
ratio
2.3x Div.
yield
2.4%


  • 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) $747
Currency USD
Expense ratio 34 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 784
Wgt avg mkt cap (mns) $196,433
Large cap (>$10bn) 87.8%
Mid cap ($2-10bn) 12.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 3.4 %
APPLE INC 3.2 %
AMAZON.COM INC 2.1 %
ALPHABET INC. CLASS A 1.5 %
BERKSHIRE HATHAWAY INC-CL B 1.2 %
JOHNSON & JOHNSON 1.1 %
FACEBOOK 1.0 %
INTEL CORP 0.9 %
JPMORGAN CHASE & CO 0.9 %
PROCTER & GAMBLE CO/THE 0.9 %
Total 16.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.1 %
IRELAND 1.9 %
BRITAIN 1.1 %
SWITZERLAND 0.4 %
BERMUDA 0.3 %
SINGAPORE 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.2% -10.4% -- -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.05 99%
MSCI EAFE 0.97 83%
MSCI Emg. Mkts. 0.72 67%

Technical Indicators
Recent close $32.78
30d moving avg. $33.92
Annualized volatility 16.0%
Short interest (ETF) 0.6%
Short interest (Underlying) 3.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 208
Turnover 0.9%
Bid/Ask (% of price) 0.54%
ADV underlying (mns) $303,209

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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: 34 bp ALTAR Score™: 7.0%


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 79.6 3 31 6.7 -0.4
SCHK Schwab 1000 Index ETF 79.3 5 29 6.7 -0.4
IWB iShares Russell 1000 ETF 79.2 15 19 6.6 -0.5
VONE Vanguard Russell 1000 ETF 79.2 8 26 6.7 -0.4
IYY iShares Dow Jones U.S. ETF 79.0 20 14 6.6 -0.5
PBUS Invesco PureBeta MSCI USA ETF 78.0 4 30 6.7 -0.4
SCHB Schwab U.S. Broad Market ETF 77.9 3 31 6.7 -0.4
PBP Invesco S&P 500 BuyWrite ETF 77.8 49 -15 6.3 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 77.7 3 31 6.6 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 77.6 2 32 6.7 -0.4
IWV iShares Russell 3000 ETF 77.5 20 14 6.5 -0.6
VTI Vanguard Total Stock Market Index Fund 77.5 3 31 6.6 -0.5
VTHR Vanguard Russell 3000 Index Fund 77.4 10 24 6.6 -0.5
VV Vanguard Large-Cap Index Fund 77.3 4 30 6.6 -0.4
HSPX Global X S&P 500 Covered Call ETF 76.8 65 -31 6.1 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 76.2 3 31 6.9 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 75.9 9 25 6.9 -0.1
SPY SPDR S&P 500 ETF Trust 75.7 9 25 6.7 -0.4
SPLG SPDR Portfolio Large Cap ETF 75.7 3 31 6.8 -0.3
IVV iShares Core S&P 500 ETF 75.6 4 30 6.7 -0.3
VOO VANGUARD S&P 500 ETF 75.3 3 31 6.7 -0.3
SPXE ProShares S&P 500 Ex-Energy ETF 74.2 27 7 6.6 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 74.1 20 14 6.7 -0.3
AVUS Avantis U.S. Equity ETF 73.2 15 19 7.5 +0.5
SFY SoFi Select 500 ETF 71.8 0 34 6.3 -0.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 71.3 25 9 8.1 +1.1
EPS WisdomTree U.S. Earnings 500 Fund 69.5 8 26 8.0 +1.0
ESGV Vanguard ESG U.S. Stock ETF 69.3 12 22 6.6 -0.5
CATH Global X S&P 500 Catholic Values Custom ETF 67.7 29 5 6.6 -0.4
PRF Invesco FTSE RAFI US 1000 ETF 67.3 39 -5 8.7 +1.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 67.2 25 9 7.9 +0.9
SPXN ProShares S&P 500 Ex-Financials ETF 67.1 27 7 6.3 -0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 67.0 27 7 6.4 -0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 66.9 25 9 8.0 +0.9
TOK iShares MSCI Kokusai ETF 66.3 25 9 7.0 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 65.9 20 14 6.3 -0.8
VLU SPDR S&P 1500 Value Tilt ETF 65.6 12 22 9.1 +2.1
QUS SPDR MSCI USA StrategicFactors ETF 65.6 15 19 6.9 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 65.0 12 22 6.4 -0.7
MGC Vanguard Mega Cap Index Fund 65.0 7 27 6.5 -0.6
IUS Invesco Strategic US ETF 64.9 19 15 7.5 +0.5
RSP Invesco S&P 500 Equal Weight ETF 64.2 20 14 8.2 +1.2
EUSA iShares MSCI USA Equal Weighted ETF 64.2 15 19 7.9 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 63.3 15 19 6.3 -0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 63.2 9 25 7.9 +0.8
SIZE iShares Edge MSCI USA Size Factor ETF 63.1 15 19 7.8 +0.7
SPXT ProShares S&P 500 Ex-Technology ETF 62.9 27 7 7.0 -0.1
URTH iShares MSCI World ETF 62.0 24 10 7.2 +0.1
RWL Invesco S&P 500 Revenue ETF 61.0 39 -5 8.7 +1.7
IWL iShares Russell Top 200 ETF 60.0 15 19 6.3 -0.8
SNPE Xtrackers S&P 500 ESG ETF 59.2 11 23 6.5 -0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 59.0 30 4 7.5 +0.4
IQSU IQ Candriam ESG US Equity ETF 58.8 9 25 6.3 -0.7
DTD WisdomTree U.S.Total Dividend Fund 58.8 28 6 8.1 +1.1
DIVB iShares U.S. Dividend & Buyback ETF 57.8 25 9 8.3 +1.3
RNLC Large Cap US Equity Select ETF 57.2 60 -26 7.6 +0.5
IUSV iShares Core S&P U.S. Value ETF 56.9 4 30 8.9 +1.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 56.8 29 5 7.7 +0.6
IUSG iShares Core S&P US Growth ETF 56.7 4 30 5.5 -1.5
CFA Victory CEMP US 500 Volatility Weighted Index ETF 56.7 35 -1 7.6 +0.6
SPYV SPDR Portfolio S&P 500 Value ETF 56.1 4 30 8.8 +1.8
IVE iShares S&P 500 Value ETF 56.1 18 16 8.7 +1.6
VOOV Vanguard S&P 500 Value ETF 55.9 15 19 8.7 +1.7
ACWI iShares MSCI ACWI ETF 55.7 32 2 7.4 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 55.4 28 6 7.6 +0.6
SPYG SPDR Portfolio S&P 500 Growth ETF 54.8 4 30 5.5 -1.6
IVW iShares S&P 500 Growth ETF 54.8 18 16 5.3 -1.7
VOOG Vanguard S&P 500 Growth ETF 54.7 10 24 5.4 -1.7
EXT WisdomTree U.S. Total Earnings Fund 54.5 28 6 7.3 +0.2
LOWC SPDR MSCI ACWI Low Carbon Target ETF 54.0 20 14 7.7 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 53.7 20 14 7.8 +0.7
VONV Vanguard Russell 1000 Value Index Fund 53.6 8 26 8.8 +1.8
IWD iShares Russell 1000 Value ETF 53.6 19 15 8.7 +1.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 53.1 29 5 8.7 +1.7
IWF iShares Russell 1000 Growth ETF 52.6 19 15 5.3 -1.7
VONG Vanguard Russell 1000 Growth Index Fund 52.6 8 26 5.4 -1.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 52.4 15 19 6.5 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 52.3 60 -26 5.6 -1.5
ESG FlexShares STOXX US ESG Impact Index Fund 51.8 32 2 6.4 -0.6
DGRO iShares Core Dividend Growth ETF 51.8 8 26 8.0 +0.9
VT Vanguard Total World Stock Index Fund 51.7 8 26 7.7 +0.7
SCIU Global X Scientific Beta US ETF 51.3 19 15 7.2 +0.1
AFLG First Trust Active Factor Large Cap ETF 51.2 55 -21 7.3 +0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 50.5 19 15 7.9 +0.8
QWLD SPDR MSCI World StrategicFactors ETF 49.5 30 4 7.1 +0.1
FEX First Trust Large Cap Core AlphaDEX Fund 49.2 60 -26 7.6 +0.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 49.1 17 17 8.5 +1.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 49.0 75 -41 4.6 -2.4
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 49.0 29 5 5.3 -1.8
RECS Columbia Research Enhanced Core ETF 48.9 15 19 7.1 +0.0
SCHV Schwab U.S. Large-Cap Value ETF 48.7 4 30 8.6 +1.5
DSI iShares MSCI KLD 400 Social ETF 48.6 25 9 6.4 -0.7
ROUS Hartford Multifactor US Equity ETF 48.4 19 15 8.8 +1.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 48.1 9 25 7.5 +0.4
EQAL Invesco Russell 1000 Equal Weight ETF 48.1 20 14 7.1 +0.1
SUSL iShares ESG MSCI USA Leaders ETF 48.0 10 24 6.6 -0.5
VTV Vanguard Value Index Fund 47.9 4 30 8.7 +1.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 47.8 10 24 6.6 -0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 47.7 20 14 8.8 +1.8
SCHG Schwab U.S. Large-Cap Growth ETF 47.7 4 30 5.3 -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%.

Content on this tab for subscribers only**

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 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 16.7 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 34 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.