John Hancock Multifactor Small Cap ETF
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.4x P/Sales
ratio
1.4x
P/BV
ratio
1.8x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Small Cap ETF tracks an index of US small-cap stocks selected by relative price and profitability. Securities are weighted based on market capitalization.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Nov 08, 2017
Assets (mns) $462
Currency USD
Expense ratio 42 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 371
Wgt avg mkt cap (mns) $3,727
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 96.5%
Small cap (<$2bn) 3.6%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
CHEGG INC 0.7 %
QUIDEL CORP 0.7 %
CREE INC 0.6 %
FIVE9 INC 0.6 %
GRUBHUB INC 0.6 %
WILLIAMS-SONOMA INC 0.5 %
TANDEM DIABETES CARE INC 0.5 %
MANHATTAN ASSOCIATES INC 0.5 %
CORELOGIC INC 0.5 %
OLLIE'S BARGAIN OUTLET HOLDINGS IN 0.5 %
Total 5.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
BERMUDA 1.5 %
BRITAIN 1.1 %
IRELAND 0.5 %
NETHERLANDS 0.3 %
LUXEMBOURG 0.3 %
PUERTO RICO 0.3 %
SWITZERLAND 0.3 %
PANAMA 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.
-14.9% -9.6% -- -- -2.8%

Market Correlations
versus... Beta R-squared
S&P500 1.29 92%
MSCI EAFE 1.32 82%
MSCI Emg. Mkts. 0.97 68%

Technical Indicators
Recent close $23.46
30d moving avg. $23.67
Annualized volatility 24.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 98
Turnover 0.5%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $20,899

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JHSC Expense: 42 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHSC
Ticker Fund
Name
Overlap1
vs JHSC
(%)
Expense
ratio
(bp)
Savings
vs JHSC
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHSC
(%)
BKSE BNY Mellon US Small Cap Core Equity ETF 55.8 4 38 5.7 -0.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 45.3 40 2 7.3 +1.3
FNX First Trust Mid Cap Core AlphaDEX Fund 43.8 61 -19 6.4 +0.5
MDY SPDR S&P Midcap 400 ETF Trust 41.0 23 19 6.5 +0.6
SPMD SPDR Portfolio Mid Cap ETF 40.9 5 37 6.7 +0.7
IJH iShares Core S&P Mid-Cap ETF 40.8 6 36 6.7 +0.7
EZM WisdomTree U.S. MidCap Earnings Fund 40.6 38 4 9.3 +3.4
RNMC Mid Cap US Equity Select ETF 39.6 60 -18 7.8 +1.9
IVOO Vanguard S&P Mid-Cap 400 ETF 39.0 10 32 6.5 +0.6
SCHA Schwab U.S. Small-Cap ETF 38.8 4 38 4.7 -1.2
SMDY Syntax Stratified MidCap ETF 37.4 30 12 6.4 +0.5
VBR Vanguard Small Cap Value Index Fund 37.1 7 35 8.5 +2.5
JKK iShares Morningstar Small-Cap Growth ETF 35.8 30 12 1.1 -4.8
MDYV SPDR S&P 400 Mid Cap Value ETF 35.7 15 27 8.8 +2.8
IWO iShares Russell 2000 Growth ETF 35.7 24 18 0.8 -5.2
IJJ iShares S&P Mid-Cap 400 Value ETF 35.7 25 17 8.7 +2.7
VTWG Vanguard Russell 2000 Growth Index Fund 35.4 15 27 0.8 -5.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 34.6 15 27 8.7 +2.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 34.5 6 36 5.4 -0.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 34.2 7 35 5.5 -0.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 33.6 17 25 5.2 -0.8
IWM iShares Russell 2000 ETF 33.3 19 23 3.7 -2.3
JKJ iShares Morningstar Small-Cap ETF 33.1 25 17 6.8 +0.8
VTWO Vanguard Russell 2000 Index Fund 32.5 10 32 3.7 -2.3
SFYX Sofi Next 500 ETF 31.8 0 42 6.0 +0.0
FSMD Fidelity Small-Mid Factor ETF 31.8 29 13 7.1 +1.2
IJK iShares S&P Mid-Cap 400 Growth ETF 31.3 24 18 4.9 -1.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 31.2 15 27 5.0 -0.9
VB Vanguard Small-Cap ETF 31.0 5 37 5.4 -0.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 31.0 70 -28 2.1 -3.9
RWK Invesco S&P MidCap 400 Revenue ETF 30.0 39 3 8.2 +2.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 29.5 15 27 5.0 -1.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 29.1 20 22 6.0 +0.1
FNK First Trust Mid Cap Value AlphaDEX Fund 28.8 70 -28 10.4 +4.4
AFMC First Trust Active Factor Mid Cap ETF 28.5 65 -23 6.4 +0.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 28.2 29 13 5.7 -0.3
NUSC Nuveen ESG Small-Cap ETF 27.9 40 2 5.4 -0.5
JKL iShares Morningstar Small Cap Value ETF 27.7 30 12 10.5 +4.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 26.2 25 17 6.8 +0.9
VBK Vanguard Small-Cap Growth Index Fund 25.8 7 35 2.4 -3.5
DON WisdomTree U.S. MidCap Dividend Fund 25.3 38 4 7.8 +1.8
IUSS Invesco Strategic US Small Company ETF 24.9 23 19 5.5 -0.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 24.6 20 22 9.6 +3.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 24.2 29 13 9.9 +4.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.6 24 18 7.3 +1.4
VXF Vanguard Extended Market Index Fund 21.8 7 35 3.8 -2.2
AFSM First Trust Active Factor Small Cap ETF 21.6 75 -33 5.7 -0.2
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 20.5 48 -6 5.8 -0.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 20.4 20 22 4.7 -1.2
IWN iShares Russell 2000 Value ETF 20.3 24 18 7.4 +1.4
VTWV Vanguard Russell 2000 Value Index Fund 20.3 15 27 7.5 +1.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 20.0 35 7 6.4 +0.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 19.7 30 12 7.9 +1.9
VFLQ Vanguard U.S. Liquidity Factor ETF 18.8 14 28 4.7 -1.2
SCHM Schwab U.S. Mid-Cap ETF 18.1 4 38 6.3 +0.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 17.8 39 3 4.2 -1.7
ISMD Inspire Small/Mid Cap Impact ETF 17.8 60 -18 6.6 +0.6
FAB First Trust Multi Cap Value AlphaDEX Fund 16.5 71 -29 9.7 +3.7
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 16.1 29 13 1.8 -4.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 15.6 66 -24 2.5 -3.4
EQAL Invesco Russell 1000 Equal Weight ETF 14.6 20 22 5.7 -0.2
PSC Principal U.S. Small Cap Index ETF 14.4 38 4 7.1 +1.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 14.3 29 13 6.8 +0.8
VFMF Vanguard U.S. Multifactor ETF 13.9 19 23 7.3 +1.4
RFG Invesco S&P Midcap 400 Pure Growth ETF 13.9 35 7 4.0 -2.0
VFVA Vanguard U.S. Value Factor ETF 13.6 14 28 11.7 +5.7
TUSA First Trust Total US Market AlphaDEX ETF 13.5 70 -28 6.0 +0.1
PVAL Principal Contrarian Value Index ETF 13.4 29 13 10.2 +4.2
AVUV Avantis U.S. Small Cap Value ETF 13.1 25 17 9.5 +3.5
BFOR Barron's 400 ETF 12.9 65 -23 6.4 +0.4
VIOO Vanguard S&P Small-Cap 600 ETF 12.6 10 32 7.3 +1.3
CSML IQ Chaikin U.S. Small Cap ETF 12.5 35 7 4.2 -1.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.5 30 12 5.7 -0.2
PXMV Invesco S&P MidCap Value with Momentum ETF 12.4 39 3 10.3 +4.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 12.4 12 30 7.9 +1.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 12.3 24 18 6.2 +0.3
VUSE Vident Core US Equity Fund 12.0 48 -6 8.4 +2.4
VFQY Vanguard U.S. Quality Factor ETF 11.9 13 29 6.1 +0.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 11.8 16 26 5.2 -0.7
SLY SPDR S&P 600 Small Cap ETF 11.7 15 27 7.1 +1.2
ONEY SPDR Russell 1000 Yield Focus ETF 11.7 20 22 9.4 +3.4
SPSM SPDR Portfolio Small Cap ETF 11.7 5 37 7.2 +1.3
IJR iShares Core S&P Small Cap ETF 11.7 7 35 7.2 +1.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 11.7 80 -38 5.7 -0.3
XMMO Invesco S&P MidCap Momentum ETF 11.6 39 3 4.7 -1.2
DWAS Invesco DWA SmallCap Momentum ETF 11.4 60 -18 -1.1 -7.0
EQWM Invesco S&P MidCap Quality ETF 11.4 25 17 6.5 +0.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 11.3 35 7 8.4 +2.4
SLYG SPDR S&P 600 Small Cap Growth ETF 10.9 15 27 5.3 -0.7
IJT iShares S&P Small-Cap 600 Growth ETF 10.9 25 17 5.2 -0.8
SMMD iShares Russell 2500 ETF 10.8 15 27 5.5 -0.5
TPSC Timothy Plan US Small Cap Core ETF 10.6 52 -10 8.4 +2.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 10.3 25 17 6.7 +0.7
ETHO Etho Climate Leadership U.S. ETF 10.3 47 -5 4.4 -1.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 10.1 35 7 8.3 +2.4
PMOM Principal Sustainable Momentum Index ETF 10.0 29 13 9.1 +3.1
IWS iShares Russell Mid-Cap Value ETF 9.9 24 18 7.3 +1.3
VFMO Vanguard U.S. Momentum Factor ETF 9.9 13 29 1.2 -4.8
JHMM John Hancock Multifactor Mid Cap ETF 9.8 42 0 5.8 -0.1
FREL Fidelity MSCI Real Estate Index ETF 9.5 8 34 6.6 +0.7

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%.

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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 Small 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 11.2 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 6.0 %
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.