John Hancock Multifactor Mid Cap ETF
ALTAR
Score™
4.8% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
20.7x P/Sales
ratio
1.8x
P/BV
ratio
2.9x Div.
yield
1.3%


  • 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) $1,903
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 676
Wgt avg mkt cap (mns) $16,660
Large cap (>$10bn) 68.8%
Mid cap ($2-10bn) 30.0%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ALIGN TECHNOLOGY INC 0.5 %
CADENCE DESIGN SYS INC 0.5 %
PARKER HANNIFIN CORP 0.5 %
UNITED RENTALS INC 0.5 %
SKYWORKS SOLUTIONS INC 0.4 %
KLA-TENCOR CORPORATION 0.4 %
ON SEMICONDUCTOR CORPORATION 0.4 %
MARVELL TECHNOLOGY GROUP LTD 0.4 %
TERADYNE INC 0.4 %
ANSYS INC 0.4 %
Total 4.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
IRELAND 1.6 %
BERMUDA 1.4 %
BRITAIN 1.3 %
SWITZERLAND 0.3 %
SINGAPORE 0.2 %
CAYMAN ISLANDS 0.1 %
LUXEMBOURG 0.1 %



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.
5.1% 35.9% 15.7% -- 14.0%

Market Correlations
versus... Beta R-squared
S&P500 1.15 92%
MSCI EAFE 1.10 83%
MSCI Emg. Mkts. 0.92 73%

Technical Indicators
Recent close $47.39
30d moving avg. $47.39
Annualized volatility 22.1%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.4%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 247
Turnover 0.6%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $100,218

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.8%


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
(%)
IWR iShares Russell Midcap ETF 68.3 19 23 4.6 -0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 65.9 4 38 4.8 +0.1
IWS iShares Russell Mid-Cap Value ETF 58.6 24 18 5.6 +0.8
ONEO SPDR Russell 1000 Momentum Focus ETF 57.1 20 22 5.7 +0.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 55.4 29 13 5.3 +0.5
SCHM Schwab U.S. Mid-Cap ETF 53.5 4 38 4.8 +0.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 53.0 17 25 5.8 +1.0
SIZE iShares MSCI USA Size Factor ETF 52.5 15 27 5.1 +0.4
VO Vanguard Mid-Cap Index Fund 52.4 4 38 4.5 -0.3
EUSA iShares MSCI USA Equal Weighted ETF 51.8 15 27 5.1 +0.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 50.7 29 13 6.3 +1.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 50.5 35 7 5.2 +0.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 50.4 35 7 5.2 +0.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 49.8 24 18 5.6 +0.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 48.6 20 22 6.1 +1.3
TPLC Timothy Plan US Large Cap Core ETF 47.3 52 -10 4.6 -0.1
RSP Invesco S&P 500 Equal Weight ETF 45.2 20 22 5.4 +0.6
EQAL Invesco Russell 1000 Equal Weight ETF 45.0 20 22 5.0 +0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 44.5 9 33 5.2 +0.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 42.7 29 13 5.5 +0.7
TUSA First Trust Total US Market AlphaDEX ETF 42.7 70 -28 5.0 +0.2
VB Vanguard Small-Cap ETF 40.6 5 37 4.4 -0.4
SFYX Sofi Next 500 ETF 38.8 0 42 4.8 +0.0
SMMD iShares Russell 2500 ETF 37.8 15 27 4.7 -0.0
FEX First Trust Large Cap Core AlphaDEX Fund 37.3 60 -18 5.0 +0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 36.6 35 7 5.2 +0.5
VXF Vanguard Extended Market Index Fund 35.9 6 36 2.7 -2.0
STMB iShares Factors US Mid Blend Style ETF 35.8 30 12 5.7 +0.9
IWP iShares Russell Mid-Cap Growth ETF 35.5 24 18 2.8 -1.9
JHML John Hancock Multifactor Large Cap ETF 34.3 29 13 5.0 +0.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 32.9 7 35 3.9 -0.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 32.1 66 -24 2.2 -2.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 31.9 30 12 5.5 +0.8
ESGV Vanguard ESG U.S. Stock ETF 31.7 12 30 4.7 -0.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 31.6 15 27 6.1 +1.3
FNX First Trust Mid Cap Core AlphaDEX Fund 31.4 61 -19 5.2 +0.4
VOE Vanguard Mid-Cap Value Index Fund 31.2 7 35 6.2 +1.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 31.0 17 25 6.1 +1.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.9 18 24 5.9 +1.1
FAB First Trust Multi Cap Value AlphaDEX Fund 30.6 71 -29 7.3 +2.5
FSMD Fidelity Small-Mid Factor ETF 30.1 29 13 5.9 +1.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 28.8 75 -33 2.5 -2.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 28.6 60 -18 4.3 -0.5
VONV Vanguard Russell 1000 Value Index Fund 28.6 8 34 6.0 +1.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 28.2 6 36 4.0 -0.8
BFOR Barron's 400 ETF 28.1 65 -23 5.8 +1.1
JMOM JPMorgan U.S. Momentum Factor ETF 28.1 12 30 3.4 -1.4
JVAL JPMorgan U.S. Value Factor ETF 27.9 12 30 7.0 +2.2
ROUS Hartford Multifactor US Equity ETF 27.8 19 23 6.2 +1.5
JKG iShares Morningstar Mid-Cap ETF 27.8 25 17 4.6 -0.2
JKH iShares Morningstar Mid-Cap Growth ETF 27.8 30 12 2.2 -2.6
AVUS Avantis U.S. Equity ETF 27.8 15 27 5.0 +0.3
RNLC Large Cap US Equity Select ETF 27.5 60 -18 5.3 +0.5
RESP WisdomTree US ESG Fund of Benef Interest 27.5 28 14 5.5 +0.7
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 27.4 30 12 5.4 +0.7
LRGF iShares Edge MSCI Multifactor USA ETF 26.8 20 22 6.3 +1.5
RNMC Mid Cap US Equity Select ETF 26.6 60 -18 5.7 +0.9
VOT Vanguard Mid-Cap Growth Index Fund 26.4 7 35 2.8 -2.0
IWD iShares Russell 1000 Value ETF 26.4 19 23 5.9 +1.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 26.2 17 25 4.0 -0.7
ETHO Etho Climate Leadership U.S. ETF 26.2 47 -5 3.9 -0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.5 30 12 5.2 +0.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 25.3 20 22 0.0 -4.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 25.0 9 33 5.1 +0.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 24.8 20 22 6.8 +2.0
ONEY SPDR Russell 1000 Yield Focus ETF 24.6 20 22 6.2 +1.5
USMF WisdomTree U.S. Multifactor Fund 24.5 28 14 5.7 +0.9
VFVA Vanguard U.S. Value Factor ETF 24.4 14 28 8.1 +3.3
VBR Vanguard Small Cap Value Index Fund 24.4 7 35 6.1 +1.4
SCHV Schwab U.S. Large-Cap Value ETF 24.4 4 38 6.1 +1.3
ACWF iShares MSCI Global Multifactor ETF 24.1 35 7 7.0 +2.2
VFMO Vanguard U.S. Momentum Factor ETF 23.9 13 29 2.0 -2.8
IVOO Vanguard S&P Mid-Cap 400 ETF 23.8 10 32 5.3 +0.5
DFAU Dimensional US Core Equity Market ETF 23.7 12 30 4.9 +0.1
IJH iShares Core S&P Mid-Cap ETF 23.6 5 37 5.4 +0.6
SPMD SPDR Portfolio Mid Cap ETF 23.6 5 37 5.4 +0.6
MDY SPDR S&P Midcap 400 ETF Trust 23.6 23 19 5.2 +0.4
VALQ American Century STOXX U.S. Quality Value ETF 23.5 29 13 7.7 +3.0
EWMC Invesco S&P MidCap 400 Equal Weight ETF 23.5 40 2 5.5 +0.7
RBUS Nationwide Risk-Based U.S. Equity ETF 23.3 30 12 4.9 +0.1
AFLG First Trust Active Factor Large Cap ETF 23.1 55 -13 4.9 +0.1
VFQY Vanguard U.S. Quality Factor ETF 23.1 13 29 5.5 +0.8
XJH iShares ESG Screened S&P Mid-Cap ETF 22.9 12 30 5.3 +0.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 22.5 25 17 5.0 +0.2
JKI iShares Morningstar Mid-Cap Value ETF 22.4 30 12 6.7 +2.0
VBK Vanguard Small-Cap Growth Index Fund 22.4 7 35 2.0 -2.8
VOOV Vanguard S&P 500 Value ETF 22.3 10 32 6.2 +1.4
FTC First Trust Large Cap Growth AlphaDEX Fund 22.3 61 -19 2.7 -2.1
USXF iShares ESG Advanced MSCI USA ETF 22.1 10 32 4.7 -0.0
AFMC First Trust Active Factor Mid Cap ETF 21.8 65 -23 5.4 +0.7
VLU SPDR S&P 1500 Value Tilt ETF 21.7 12 30 5.9 +1.1
SCHK Schwab 1000 Index ETF 21.6 5 37 4.7 -0.1
SMDY Syntax Stratified MidCap ETF 21.5 30 12 5.0 +0.3
IYY iShares Dow Jones U.S. ETF 21.3 20 22 4.6 -0.2
JQUA JPMorgan U.S. Quality Factor ETF 21.2 12 30 5.3 +0.6
PRF Invesco FTSE RAFI US 1000 ETF 21.1 39 3 5.6 +0.9
IUSV iShares Core S&P U.S. Value ETF 21.0 4 38 6.2 +1.5
REVS Columbia Research Enhanced Value ETF 21.0 19 23 6.7 +2.0
IWB iShares Russell 1000 ETF 20.9 15 27 4.7 -0.1

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 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 14.7 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.