John Hancock Multifactor Mid Cap ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.0x P/Sales
ratio
1.9x
P/BV
ratio
2.9x Div.
yield
1.4%


  • 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) $1,794
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 678
Wgt avg mkt cap (mns) $13,369
Large cap (>$10bn) 58.2%
Mid cap ($2-10bn) 40.9%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PARKER HANNIFIN CORP 0.5 %
BEST BUY CO INC 0.5 %
ALIGN TECHNOLOGY INC 0.5 %
CADENCE DESIGN SYS INC 0.5 %
MARVELL TECHNOLOGY GROUP LTD 0.4 %
RESMED INC 0.4 %
ROCKWELL AUTOMATION INC 0.4 %
ANSYS INC 0.4 %
METTLER-TOLEDO INTERNATIONAL 0.4 %
BALL CORP 0.4 %
Total 4.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.7 %
IRELAND 1.6 %
BERMUDA 1.5 %
BRITAIN 1.4 %
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 October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.4% 3.4% 8.9% -- 10.1%

Market Correlations
versus... Beta R-squared
S&P500 1.12 92%
MSCI EAFE 1.17 82%
MSCI Emg. Mkts. 0.87 70%

Technical Indicators
Recent close $43.40
30d moving avg. $40.56
Annualized volatility 20.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.9%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 135
Turnover 0.3%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $66,613

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™: 5.0%


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 69.1 19 23 5.0 -0.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 64.0 4 38 4.8 -0.2
IWS iShares Russell Mid-Cap Value ETF 59.4 24 18 6.1 +1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 55.2 20 22 5.9 +0.9
SCHM Schwab U.S. Mid-Cap ETF 53.5 4 38 5.3 +0.4
SIZE iShares MSCI USA Size Factor ETF 52.5 15 27 5.4 +0.4
EUSA iShares MSCI USA Equal Weighted ETF 51.9 15 27 5.5 +0.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 51.8 24 18 5.5 +0.5
VO Vanguard Mid-Cap Index Fund 51.7 4 38 4.7 -0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 51.7 17 25 5.9 +0.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 51.3 29 13 6.1 +1.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 50.5 35 7 5.3 +0.3
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 50.5 35 7 5.3 +0.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 50.1 20 22 6.3 +1.3
TPLC Timothy Plan US Large Cap Core ETF 48.2 52 -10 4.6 -0.4
EQAL Invesco Russell 1000 Equal Weight ETF 45.6 20 22 5.2 +0.2
RSP Invesco S&P 500 Equal Weight ETF 44.5 20 22 5.8 +0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 44.1 9 33 5.4 +0.4
VB Vanguard Small-Cap ETF 42.0 5 37 4.8 -0.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 41.9 29 13 6.4 +1.4
TUSA First Trust Total US Market AlphaDEX ETF 39.8 70 -28 5.3 +0.3
SMMD iShares Russell 2500 ETF 38.9 15 27 5.1 +0.1
SFYX Sofi Next 500 ETF 38.5 0 42 5.3 +0.3
IWP iShares Russell Mid-Cap Growth ETF 36.2 24 18 2.8 -2.2
VXF Vanguard Extended Market Index Fund 36.0 6 36 2.9 -2.1
STMB iShares Factors US Mid Blend Style ETF 35.4 30 12 5.2 +0.2
FEX First Trust Large Cap Core AlphaDEX Fund 34.7 60 -18 5.0 -0.0
JHML John Hancock Multifactor Large Cap ETF 33.7 29 13 5.0 +0.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 33.4 35 7 5.1 +0.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 32.7 17 25 6.2 +1.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 32.5 7 35 4.6 -0.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 31.7 15 27 6.2 +1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 31.6 30 12 6.1 +1.1
VOE Vanguard Mid-Cap Value Index Fund 31.5 7 35 6.7 +1.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 31.1 18 24 5.7 +0.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 30.8 29 13 7.7 +2.8
FSMD Fidelity Small-Mid Factor ETF 30.6 29 13 5.7 +0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 30.4 61 -19 5.7 +0.7
DON WisdomTree U.S. MidCap Dividend Fund 30.2 38 4 6.7 +1.7
FAB First Trust Multi Cap Value AlphaDEX Fund 29.6 71 -29 8.1 +3.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 29.4 66 -24 2.0 -3.0
JMOM JPMorgan U.S. Momentum Factor ETF 29.0 12 30 3.3 -1.7
BFOR Barron's 400 ETF 28.9 65 -23 6.0 +1.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 28.6 60 -18 5.7 +0.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 28.3 6 36 4.4 -0.6
JKG iShares Morningstar Mid-Cap ETF 28.1 25 17 4.9 -0.1
RNLC Large Cap US Equity Select ETF 28.0 60 -18 5.5 +0.5
ROUS Hartford Multifactor US Equity ETF 27.8 19 23 6.1 +1.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 27.8 30 12 5.2 +0.2
JVAL JPMorgan U.S. Value Factor ETF 27.5 12 30 7.4 +2.4
AVUS Avantis U.S. Equity ETF 27.1 15 27 5.1 +0.1
RNMC Mid Cap US Equity Select ETF 26.8 60 -18 6.3 +1.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 26.6 17 25 4.3 -0.7
EZM WisdomTree U.S. MidCap Earnings Fund 26.6 38 4 7.5 +2.5
JKH iShares Morningstar Mid-Cap Growth ETF 26.4 30 12 1.9 -3.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 26.4 29 13 5.2 +0.2
VONV Vanguard Russell 1000 Value Index Fund 26.2 8 34 6.3 +1.3
EXT WisdomTree U.S. Total Earnings Fund 26.1 28 14 5.2 +0.2
ETHO Etho Climate Leadership U.S. ETF 26.0 47 -5 4.0 -1.0
VOT Vanguard Mid-Cap Growth Index Fund 25.7 7 35 2.9 -2.1
IWD iShares Russell 1000 Value ETF 25.6 19 23 6.2 +1.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 25.1 20 22 7.7 +2.7
RBUS Nationwide Risk-Based U.S. Equity ETF 24.9 30 12 4.7 -0.3
ACWF iShares FactorSelect MSCI Global ETF 24.5 35 7 7.4 +2.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 24.4 75 -33 4.0 -1.0
VBR Vanguard Small Cap Value Index Fund 24.4 7 35 7.0 +2.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.3 9 33 5.2 +0.2
IJH iShares Core S&P Mid-Cap ETF 24.2 5 37 5.8 +0.8
SPMD SPDR Portfolio Mid Cap ETF 24.2 5 37 5.8 +0.8
IVOO Vanguard S&P Mid-Cap 400 ETF 24.2 10 32 5.8 +0.8
MDY SPDR S&P Midcap 400 ETF Trust 24.2 23 19 5.6 +0.6
EWMC Invesco S&P MidCap 400 Equal Weight ETF 24.0 40 2 6.1 +1.1
SCHV Schwab U.S. Large-Cap Value ETF 23.8 4 38 6.2 +1.2
ONEY SPDR Russell 1000 Yield Focus ETF 23.7 20 22 7.5 +2.5
USMF WisdomTree U.S. Multifactor Fund 23.7 28 14 5.6 +0.6
ESGV Vanguard ESG U.S. Stock ETF 23.3 12 30 4.7 -0.3
LRGF iShares Edge MSCI Multifactor USA ETF 23.2 20 22 6.7 +1.8
AFMC First Trust Active Factor Mid Cap ETF 23.0 65 -23 5.8 +0.8
VBK Vanguard Small-Cap Growth Index Fund 22.9 7 35 2.0 -3.0
VFQY Vanguard U.S. Quality Factor ETF 22.9 13 29 5.8 +0.8
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 22.4 20 22 7.0 +2.0
JKI iShares Morningstar Mid-Cap Value ETF 22.3 30 12 7.6 +2.6
VFMF Vanguard U.S. Multifactor ETF 22.2 19 23 6.5 +1.5
SMDY Syntax Stratified MidCap ETF 22.2 30 12 5.8 +0.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 21.4 25 17 5.6 +0.6
AFLG First Trust Active Factor Large Cap ETF 21.3 55 -13 4.9 -0.1
VALQ American Century STOXX U.S. Quality Value ETF 21.3 29 13 7.7 +2.7
VLU SPDR S&P 1500 Value Tilt ETF 21.0 12 30 6.4 +1.4
JQUA JPMorgan U.S. Quality Factor ETF 21.0 12 30 5.1 +0.1
IUSV iShares Core S&P U.S. Value ETF 21.0 4 38 6.7 +1.8
REVS Columbia Research Enhanced Value ETF 20.8 19 23 7.1 +2.1
BKSE BNY Mellon US Small Cap Core Equity ETF 20.8 4 38 5.0 +0.0
IUSS Invesco Strategic US Small Company ETF 20.7 23 19 4.3 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 20.7 39 3 6.0 +1.0
FTC First Trust Large Cap Growth AlphaDEX Fund 20.6 61 -19 2.4 -2.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 20.5 25 17 6.1 +1.1
JMIN JPMorgan U.S. Minimum Volatility ETF 20.4 12 30 5.2 +0.2
IYJ iShares U.S. Industrials ETF 20.4 42 0 4.9 -0.1
IYY iShares Dow Jones U.S. ETF 20.3 20 22 4.6 -0.4

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 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 14.4 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.