John Hancock Multifactor Technology ETF
ALTAR
Score™
4.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
31.0x P/Sales
ratio
4.8x
P/BV
ratio
7.0x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Technology ETF tracks an index composed of US-based technology stocks, with heavier weighting toward smaller-cap, lower-relative-price and higher-profitability companies.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Sep 28, 2015
Assets (mns) $52
Currency USD
Expense ratio 40 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 144
Wgt avg mkt cap (mns) $290,531
Large cap (>$10bn) 90.2%
Mid cap ($2-10bn) 8.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.0 %
MICROSOFT CORP 4.8 %
INTEL CORP 3.4 %
NVIDIA CORP 2.7 %
BROADCOM INC. 2.4 %
CISCO SYSTEMS INC 2.4 %
TEXAS INSTRUMENTS INC 2.3 %
KLA-TENCOR CORPORATION 2.3 %
ADOBE SYSTEMS INC 2.3 %
SALESFORCE.COM INC 2.1 %
Total 29.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.1 %
SWITZERLAND 1.5 %
BERMUDA 1.2 %
IRELAND 0.7 %
BRITAIN 0.7 %
SINGAPORE 0.4 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
43.8% 43.8% 25.4% -- 25.8%

Market Correlations
versus... Beta R-squared
S&P500 1.13 90%
MSCI EAFE 1.05 77%
MSCI Emg. Mkts. 0.83 62%

Technical Indicators
Recent close $80.61
30d moving avg. $78.35
Annualized volatility 22.3%
Short interest (ETF) 0.3%
Short interest (Underlying) 3.2%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $73,742

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JHMT Expense: 40 bp ALTAR Score™: 4.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMT
Ticker Fund
Name
Overlap1
vs JHMT
(%)
Expense
ratio
(bp)
Savings
vs JHMT
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMT
(%)
RYT Invesco S&P 500 Equal Weight Technology ETF 51.9 40 0 5.8 +1.7
IYW iShares U.S. Technology ETF 50.4 43 -3 3.6 -0.5
FTEC Fidelity MSCI Information Technology Index ETF 50.3 8 32 4.1 0.0
VGT Vanguard Information Technology Index Fund 49.7 10 30 4.1 -0.0
XLK Technology Select Sector SPDR Fund 47.6 13 27 4.4 +0.3
IGM iShares Expanded Tech Sector ETF 44.2 46 -6 3.4 -0.6
FXL First Trust Technology AlphaDEX Fund 43.4 61 -21 3.5 -0.6
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 42.6 57 -17 3.6 -0.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 40.4 50 -10 5.9 +1.8
IXN iShares Global Tech ETF 39.9 46 -6 3.9 -0.2
TECB iShares US Tech Breakthrough Multisector ETF 39.7 40 0 3.6 -0.5
IETC iShares Evolved U.S. Technology ETF 38.6 18 22 3.6 -0.5
XNTK SPDR NYSE Technology ETF 35.8 35 5 2.8 -1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 34.5 75 -35 2.1 -2.0
AIQ Global X Future Analytics Tech ETF 33.8 68 -28 3.6 -0.5
TDV ProShares S&P Technology Dividend Aristocrats ETF 33.6 46 -6 4.3 +0.2
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 33.1 69 -29 4.1 +0.1
SMH VanEck Vectors Semiconductor ETF 32.6 35 5 4.2 +0.1
SOXX iShares PHLX Semiconductor ETF 32.3 46 -6 4.4 +0.3
QYLD Global X NASDAQ 100 Covered Call ETF 31.4 60 -20 3.2 -0.9
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 31.3 60 -20 3.2 -0.9
QQQM Invesco NASDAQ 100 ETF 31.2 15 25 3.7 -0.4
QQQ Invesco QQQ Trust 31.2 20 20 3.6 -0.5
NUSI Nationwide Risk-Managed Income ETF 31.0 68 -28 3.1 -1.0
VEGN US Vegan Climate ETF 30.6 60 -20 4.1 -0.0
FTXL First Trust Nasdaq Semiconductor ETF 29.2 60 -20 3.7 -0.3
SPHQ Invesco S&P 500 Quality ETF 28.9 15 25 4.5 +0.4
IGV iShares Expanded Tech-Software ETF 28.7 46 -6 2.0 -2.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 28.1 35 5 4.4 +0.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 28.0 59 -19 4.1 +0.0
FTC First Trust Large Cap Growth AlphaDEX Fund 27.2 61 -21 2.3 -1.8
LRGF iShares Edge MSCI Multifactor USA ETF 27.0 20 20 6.2 +2.1
ESGV Vanguard ESG U.S. Stock ETF 27.0 12 28 4.6 +0.5
MTUM iShares MSCI USA Momentum Factor ETF 27.0 15 25 2.3 -1.8
QGRO American Century STOXX U.S. Quality Growth ETF 26.8 29 11 3.7 -0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.7 49 -9 3.5 -0.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 26.1 21 19 3.0 -1.1
RNLC Large Cap US Equity Select ETF 25.7 60 -20 5.3 +1.2
QTUM Defiance Quantum ETF 25.7 40 0 4.4 +0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 25.4 15 25 5.8 +1.7
RPG Invesco S&P 500 Pure Growth ETF 25.2 35 5 2.8 -1.3
XSD SPDR S&P Semiconductor ETF 25.2 35 5 3.3 -0.8
IWF iShares Russell 1000 Growth ETF 24.8 19 21 3.6 -0.5
SUSA iShares MSCI USA ESG Select ETF 24.8 25 15 4.3 +0.2
JMOM JPMorgan U.S. Momentum Factor ETF 24.7 12 28 3.0 -1.1
PSI Invesco Dynamic Semiconductors ETF 24.6 57 -17 3.8 -0.3
VOOG Vanguard S&P 500 Growth ETF 24.6 10 30 4.1 -0.0
VONG Vanguard Russell 1000 Growth Index Fund 24.3 8 32 3.7 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 24.3 60 -20 3.7 -0.4
STLG iShares Factors US Growth Style ETF 24.2 25 15 4.0 -0.0
CACG ClearBridge All Cap Growth ETF 23.9 54 -14 3.8 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 23.8 9 31 4.9 +0.8
NULG Nuveen ESG Large-Cap Growth ETF 23.8 35 5 3.0 -1.1
IQSU IQ Candriam ESG US Equity ETF 23.7 9 31 4.6 +0.5
STLC iShares Factors US Blend Style ETF 23.7 25 15 4.9 +0.8
IUSG iShares Core S&P US Growth ETF 23.7 4 36 3.8 -0.3
RESP WisdomTree US ESG Fund of Benef Interest 23.7 28 12 5.2 +1.1
SKYY First Trust Cloud Computing ETF 23.6 60 -20 2.2 -1.9
IWP iShares Russell Mid-Cap Growth ETF 23.5 24 16 2.7 -1.4
SPYG SPDR Portfolio S&P 500 Growth ETF 23.4 4 36 3.8 -0.3
VUG Vanguard Growth Index Fund 23.4 4 36 3.6 -0.4
IVW iShares S&P 500 Growth ETF 23.4 18 22 3.7 -0.4
FDRR Fidelity Dividend ETF for Rising Rates 23.4 29 11 6.0 +2.0
SYG SPDR MFS Systematic Growth Equity ETF 23.3 60 -20 3.6 -0.5
JOET Virtus Terranova US Quality Momentum ETF 23.3 29 11 4.7 +0.6
NULC Nuveen ESG Large-Cap ETF 23.2 20 20 4.3 +0.2
KOIN Innovation Shares NextGen Protocol ETF 23.1 95 -55 3.9 -0.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 23.1 37 3 5.4 +1.3
JQUA JPMorgan U.S. Quality Factor ETF 23.1 12 28 5.1 +1.0
LRGE ClearBridge Large Cap Growth ESG ETF 23.0 59 -19 3.4 -0.7
SPMO Invesco S&P 500 Momentum ETF 23.0 13 27 4.0 -0.1
HLAL Wahed FTSE USA Shariah ETF 22.8 50 -10 3.9 -0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 22.7 12 28 4.1 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 22.7 32 8 4.6 +0.5
JVAL JPMorgan U.S. Value Factor ETF 22.4 12 28 7.2 +3.1
QLC FlexShares US Quality Large Cap Index Fund 22.4 32 8 4.5 +0.4
PWB Invesco Dynamic Large Cap Growth ETF 22.4 56 -16 2.2 -1.9
SCHG Schwab U.S. Large-Cap Growth ETF 22.3 4 36 3.3 -0.8
IWY iShares Russell Top 200 Growth ETF 22.1 20 20 3.7 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 22.1 27 13 4.4 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 22.0 27 13 4.5 +0.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 21.9 15 25 4.7 +0.7
IQM Franklin Intelligent Machines ETF 21.8 50 -10 1.4 -2.7
ESGU iShares MSCI USA ESG Optimized ETF 21.8 15 25 4.5 +0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 21.7 28 12 6.1 +2.0
MGK Vanguard Mega Cap Growth ETF 21.7 7 33 3.8 -0.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 21.6 52 -12 5.0 +0.9
SFY SoFi Select 500 ETF 21.5 0 40 4.6 +0.6
PEXL Pacer US Export Leaders ETF 21.4 60 -20 4.7 +0.6
KRMA Global X Conscious Companies ETF 21.4 43 -3 4.9 +0.8
AFLG First Trust Active Factor Large Cap ETF 21.4 55 -15 4.8 +0.7
JKH iShares Morningstar Mid-Cap Growth ETF 21.3 30 10 1.9 -2.2
SCHX Schwab U.S. Large-Cap ETF 21.2 3 37 4.6 +0.6
SCHK Schwab 1000 Index ETF 21.2 5 35 4.7 +0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 21.1 30 10 5.3 +1.2
NXTG First Trust Indxx NextG ETF 21.1 70 -30 5.2 +1.1
PBUS Invesco PureBeta MSCI USA ETF 21.1 4 36 4.7 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 21.0 2 38 4.7 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 21.0 7 33 4.6 +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%.

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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 Technology ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 26.2 %
Divided by: Fwd. P/BV 5.9 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.49
 
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.