John Hancock Multifactor Mid Cap ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.5x P/Sales
ratio
1.6x
P/BV
ratio
2.3x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Mid Cap ETF tracks an index of US firms ranked 200-950 by size, 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) $1,420
Currency USD
Expense ratio 42 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 689
Wgt avg mkt cap (mns) $13,142
Large cap (>$10bn) 56.3%
Mid cap ($2-10bn) 43.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SYNOPSYS INC 0.5 %
CADENCE DESIGN SYS INC 0.5 %
ANSYS INC 0.5 %
RESMED INC 0.4 %
VEEVA SYSTEMS INC-CLASS A 0.4 %
MSCI INC-A 0.4 %
MARVELL TECHNOLOGY GROUP LTD 0.4 %
SKYWORKS SOLUTIONS INC 0.4 %
IDEXX LABORATORIES INC 0.4 %
DEXCOM INC 0.4 %
Total 4.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.5 %
BERMUDA 1.5 %
IRELAND 1.5 %
BRITAIN 1.2 %
SWITZERLAND 0.2 %
SINGAPORE 0.2 %
CAYMAN ISLANDS 0.1 %
PUERTO RICO 0.1 %



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.
-9.8% -2.6% -- -- 9.0%

Market Correlations
versus... Beta R-squared
S&P500 1.19 95%
MSCI EAFE 1.20 85%
MSCI Emg. Mkts. 0.86 68%

Technical Indicators
Recent close $34.96
30d moving avg. $35.50
Annualized volatility 20.7%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.9%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 261
Turnover 0.6%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $114,956

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JHMM Expense: 42 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMM
Ticker Fund
Name
Overlap1
vs JHMM
(%)
Expense
ratio
(bp)
Savings
vs JHMM
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMM
(%)
BKMC BNY Mellon US Mid Cap Core Equity ETF 74.1 4 38 5.8 -0.0
IWR iShares Russell Midcap ETF 71.8 19 23 5.7 -0.2
IWS iShares Russell Mid-Cap Value ETF 59.4 24 18 7.4 +1.5
VO Vanguard Mid-Cap Index Fund 57.2 4 38 5.5 -0.4
ONEO SPDR Russell 1000 Momentum Focus ETF 54.9 20 22 6.6 +0.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 54.3 24 18 6.3 +0.4
SCHM Schwab U.S. Mid-Cap ETF 52.4 4 38 6.4 +0.6
SIZE iShares Edge MSCI USA Size Factor ETF 52.2 15 27 6.4 +0.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 52.2 17 25 6.5 +0.6
EUSA iShares MSCI USA Equal Weighted ETF 51.6 15 27 6.3 +0.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 51.5 35 7 6.0 +0.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 51.4 29 13 6.8 +1.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 51.0 20 22 7.2 +1.3
TPLC Timothy Plan US Large Cap Core ETF 49.0 52 -10 5.6 -0.3
EQAL Invesco Russell 1000 Equal Weight ETF 48.3 20 22 5.8 -0.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 45.5 9 33 5.9 +0.1
RSP Invesco S&P 500 Equal Weight ETF 44.2 20 22 6.8 +1.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 41.4 29 13 8.3 +2.5
SMMD iShares Russell 2500 ETF 40.8 15 27 5.6 -0.3
TUSA First Trust Total US Market AlphaDEX ETF 40.6 70 -28 6.1 +0.2
IWP iShares Russell Mid-Cap Growth ETF 39.2 24 18 4.2 -1.7
VXF Vanguard Extended Market Index Fund 38.8 7 35 3.8 -2.0
SCIU Global X Scientific Beta US ETF 37.6 19 23 5.8 -0.0
VB Vanguard Small-Cap ETF 37.1 5 37 5.5 -0.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 35.9 35 7 5.4 -0.4
FEX First Trust Large Cap Core AlphaDEX Fund 35.8 60 -18 6.1 +0.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 35.7 66 -24 2.6 -3.3
SFYX Sofi Next 500 ETF 35.7 0 42 6.1 +0.2
JHML John Hancock Multifactor Large Cap ETF 32.6 29 13 5.6 -0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 32.0 18 24 6.3 +0.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 31.6 35 7 6.0 +0.1
VOE Vanguard Mid-Cap Value Index Fund 31.6 7 35 8.0 +2.2
DON WisdomTree U.S. MidCap Dividend Fund 31.3 38 4 7.8 +2.0
BFOR Barron's 400 ETF 31.0 65 -23 6.4 +0.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 30.9 15 27 6.9 +1.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 30.9 29 13 10.0 +4.2
JMOM JPMorgan U.S. Momentum Factor ETF 30.6 12 30 3.9 -2.0
RNLC Large Cap US Equity Select ETF 30.4 60 -18 6.3 +0.4
JKH iShares Morningstar Mid-Cap Growth ETF 30.3 30 12 2.3 -3.6
VOT Vanguard Mid-Cap Growth Index Fund 29.8 7 35 3.5 -2.3
FNX First Trust Mid Cap Core AlphaDEX Fund 29.7 61 -19 6.6 +0.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 29.7 7 35 5.6 -0.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 29.5 17 25 6.6 +0.7
RBUS Nationwide Risk-Based U.S. Equity ETF 29.0 30 12 5.1 -0.8
FSMD Fidelity Small-Mid Factor ETF 28.5 29 13 7.2 +1.3
ETHO Etho Climate Leadership U.S. ETF 28.2 47 -5 4.4 -1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.7 30 12 6.6 +0.7
JKG iShares Morningstar Mid-Cap ETF 27.5 25 17 5.6 -0.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 27.0 30 12 6.0 +0.1
FTC First Trust Large Cap Growth AlphaDEX Fund 26.1 61 -19 2.9 -2.9
AVUS Avantis U.S. Equity ETF 25.8 15 27 5.8 -0.1
EZM WisdomTree U.S. MidCap Earnings Fund 25.7 38 4 9.4 +3.6
USMF WisdomTree U.S. Multifactor Fund 25.7 28 14 5.5 -0.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 25.6 6 36 5.5 -0.4
EXT WisdomTree U.S. Total Earnings Fund 25.6 28 14 5.2 -0.6
FAB First Trust Multi Cap Value AlphaDEX Fund 25.5 71 -29 9.8 +3.9
ROUS Hartford Multifactor US Equity ETF 25.4 19 23 7.4 +1.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 25.2 20 22 9.7 +3.8
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 25.1 20 22 7.7 +1.9
ACWF iShares FactorSelect MSCI Global ETF 25.0 35 7 8.0 +2.1
RNMC Mid Cap US Equity Select ETF 24.9 60 -18 8.0 +2.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.7 9 33 5.6 -0.3
IWD iShares Russell 1000 Value ETF 24.5 19 23 7.2 +1.4
VONV Vanguard Russell 1000 Value Index Fund 24.5 8 34 7.4 +1.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 24.2 17 25 5.3 -0.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 23.9 75 -33 3.8 -2.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.8 29 13 6.3 +0.4
ONEY SPDR Russell 1000 Yield Focus ETF 23.8 20 22 9.5 +3.7
LRGF iShares Edge MSCI Multifactor USA ETF 23.7 20 22 7.4 +1.6
IVOO Vanguard S&P Mid-Cap 400 ETF 23.6 10 32 6.6 +0.8
SPMD SPDR Portfolio Mid Cap ETF 23.4 5 37 6.8 +0.9
IJH iShares Core S&P Mid-Cap ETF 23.4 6 36 6.8 +0.9
MDY SPDR S&P Midcap 400 ETF Trust 23.4 23 19 6.6 +0.7
JVAL JPMorgan U.S. Value Factor ETF 23.3 12 30 8.8 +3.0
VFQY Vanguard U.S. Quality Factor ETF 23.3 13 29 6.1 +0.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 23.1 40 2 7.4 +1.5
AFMC First Trust Active Factor Mid Cap ETF 22.5 65 -23 6.4 +0.6
AFLG First Trust Active Factor Large Cap ETF 21.7 55 -13 5.6 -0.3
IUSS Invesco Strategic US Small Company ETF 21.7 23 19 5.6 -0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 21.4 25 17 6.7 +0.8
VBK Vanguard Small-Cap Growth Index Fund 21.4 7 35 2.5 -3.4
SMDY Syntax Stratified MidCap ETF 21.3 30 12 6.5 +0.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 21.2 25 17 6.9 +1.1
VFMF Vanguard U.S. Multifactor ETF 20.9 19 23 7.3 +1.4
JKI iShares Morningstar Mid-Cap Value ETF 20.8 30 12 9.3 +3.5
FLQL Franklin LibertyQ U.S. Equity ETF 20.8 15 27 6.3 +0.5
JMIN JPMorgan U.S. Minimum Volatility ETF 20.4 12 30 5.9 +0.1
IYJ iShares U.S. Industrials ETF 20.3 42 0 6.0 +0.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 20.2 34 8 4.9 -1.0
RWK Invesco S&P MidCap 400 Revenue ETF 20.0 39 3 8.3 +2.4
SCHK Schwab 1000 Index ETF 19.9 5 37 5.3 -0.6
VLU SPDR S&P 1500 Value Tilt ETF 19.7 12 30 7.5 +1.7
IYY iShares Dow Jones U.S. ETF 19.7 20 22 5.2 -0.7
IWB iShares Russell 1000 ETF 19.6 15 27 5.2 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 19.6 39 3 6.9 +1.0
PSET Principal Price Setters Index ETF 19.6 29 13 4.6 -1.2
IUSV iShares Core S&P U.S. Value ETF 19.5 4 38 7.6 +1.7
SCHV Schwab U.S. Large-Cap Value ETF 19.4 4 38 7.2 +1.4
BLES Inspire Global Hope Large Cap ETF 19.4 52 -10 6.5 +0.6
JQUA JPMorgan U.S. Quality Factor ETF 19.4 12 30 5.3 -0.6

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 Mid 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 13.9 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 5.9 %
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.