John Hancock Multifactor Small Cap ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.6x P/Sales
ratio
1.4x
P/BV
ratio
1.9x 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) $483
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 310
Wgt avg mkt cap (mns) $3,890
Large cap (>$10bn) 0.7%
Mid cap ($2-10bn) 92.5%
Small cap (<$2bn) 6.4%
Developed mkts 99.9%
Emerging mkts 0.2%

TOP TEN HOLDINGS
INVITAE CORP. 0.6 %
HANESBRANDS INC 0.6 %
BLUEPRINT MEDICINES CORP. 0.5 %
FLIR SYSTEMS INC 0.5 %
TOPBUILD CORP 0.5 %
ITT CORP 0.5 %
INVESCO LTD 0.5 %
WYNDHAM HOTELS & RESORTS, INC. 0.5 %
LEGGETT & PLATT INC 0.5 %
CORELOGIC INC 0.5 %
Total 5.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
BERMUDA 1.3 %
BRITAIN 1.1 %
NETHERLANDS 0.4 %
PUERTO RICO 0.3 %
LUXEMBOURG 0.0 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.6% 0.5% -- -- -0.0%

Market Correlations
versus... Beta R-squared
S&P500 1.25 90%
MSCI EAFE 1.30 82%
MSCI Emg. Mkts. 0.94 68%

Technical Indicators
Recent close $24.48
30d moving avg. $24.94
Annualized volatility 24.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 25
Turnover 0.1%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $1,169

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™: 5.9%


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 43.0 4 38 6.1 +0.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 38.1 40 2 7.0 +1.1
IJH iShares Core S&P Mid-Cap ETF 34.2 5 37 6.6 +0.6
MDY SPDR S&P Midcap 400 ETF Trust 34.2 23 19 6.4 +0.5
SPMD SPDR Portfolio Mid Cap ETF 34.1 5 37 6.5 +0.6
SCHA Schwab U.S. Small-Cap ETF 34.0 4 38 4.6 -1.3
EZM WisdomTree U.S. MidCap Earnings Fund 33.7 38 4 9.1 +3.2
SMDY Syntax Stratified MidCap ETF 32.8 30 12 6.4 +0.4
FNX First Trust Mid Cap Core AlphaDEX Fund 32.8 61 -19 6.6 +0.7
JKK iShares Morningstar Small-Cap Growth ETF 32.7 30 12 1.2 -4.7
IWO iShares Russell 2000 Growth ETF 32.4 24 18 0.0 -5.9
IJJ iShares S&P Mid-Cap 400 Value ETF 32.1 25 17 8.5 +2.6
MDYV SPDR S&P 400 Mid Cap Value ETF 32.1 15 27 8.6 +2.7
IVOO Vanguard S&P Mid-Cap 400 ETF 31.9 10 32 6.5 +0.6
JKJ iShares Morningstar Small-Cap ETF 31.7 25 17 6.6 +0.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 31.6 15 27 8.7 +2.7
RNMC Mid Cap US Equity Select ETF 31.4 60 -18 7.8 +1.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 29.5 6 36 5.3 -0.6
VTWG Vanguard Russell 2000 Growth Index Fund 29.5 15 27 0.1 -5.8
VBR Vanguard Small Cap Value Index Fund 28.5 7 35 8.4 +2.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 28.4 17 25 5.0 -0.9
JKL iShares Morningstar Small Cap Value ETF 28.3 30 12 10.3 +4.4
IJK iShares S&P Mid-Cap 400 Growth ETF 28.0 24 18 4.9 -1.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 28.0 15 27 5.0 -0.9
AFMC First Trust Active Factor Mid Cap ETF 27.4 65 -23 6.5 +0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 27.0 70 -28 11.3 +5.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 26.8 15 27 5.0 -0.9
RWK Invesco S&P MidCap 400 Revenue ETF 26.6 39 3 7.9 +2.0
SFYX Sofi Next 500 ETF 26.5 0 42 6.0 +0.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 26.3 7 35 5.4 -0.5
IWM iShares Russell 2000 ETF 26.0 19 23 3.7 -2.3
VTWO Vanguard Russell 2000 Index Fund 25.4 10 32 3.7 -2.2
FSMD Fidelity Small-Mid Factor ETF 24.8 29 13 6.4 +0.5
VB Vanguard Small-Cap ETF 24.7 5 37 5.4 -0.5
NUSC Nuveen ESG Small-Cap ETF 24.4 40 2 5.0 -0.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 23.8 29 13 5.4 -0.5
DON WisdomTree U.S. MidCap Dividend Fund 23.1 38 4 7.8 +1.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 22.7 20 22 5.2 -0.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 21.7 20 22 9.7 +3.8
VBK Vanguard Small-Cap Growth Index Fund 21.5 7 35 2.4 -3.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 20.9 24 18 6.7 +0.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 20.8 70 -28 2.1 -3.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 20.7 29 13 9.6 +3.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 19.7 20 22 4.7 -1.2
AFSM First Trust Active Factor Small Cap ETF 19.4 75 -33 5.5 -0.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 19.2 25 17 7.1 +1.1
ISMD Inspire Small/Mid Cap Impact ETF 18.6 60 -18 6.3 +0.3
SCHM Schwab U.S. Mid-Cap ETF 18.4 4 38 6.2 +0.3
IUSS Invesco Strategic US Small Company ETF 17.9 23 19 5.4 -0.6
VFLQ Vanguard U.S. Liquidity Factor ETF 17.3 14 28 4.3 -1.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 17.1 30 12 7.7 +1.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 17.0 35 7 6.1 +0.2
VXF Vanguard Extended Market Index Fund 16.9 6 36 3.6 -2.3
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 16.1 29 13 0.1 -5.8
IWN iShares Russell 2000 Value ETF 15.8 24 18 7.3 +1.4
PVAL Principal Contrarian Value Index ETF 15.7 29 13 0.0 -5.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 15.4 39 3 4.8 -1.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 15.2 80 -38 5.8 -0.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 14.6 48 -6 5.6 -0.3
AVUV Avantis U.S. Small Cap Value ETF 14.2 25 17 8.5 +2.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 13.8 29 13 6.9 +1.0
BFOR Barron's 400 ETF 13.2 65 -23 6.4 +0.5
VTWV Vanguard Russell 2000 Value Index Fund 13.0 15 27 7.3 +1.4
EQAL Invesco Russell 1000 Equal Weight ETF 12.8 20 22 5.7 -0.3
VUSE Vident Core US Equity Fund 12.8 48 -6 9.0 +3.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 12.6 66 -24 2.5 -3.5
FAB First Trust Multi Cap Value AlphaDEX Fund 12.6 71 -29 10.0 +4.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 12.4 24 18 6.2 +0.2
ONEY SPDR Russell 1000 Yield Focus ETF 12.0 20 22 9.1 +3.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 11.9 35 7 4.1 -1.9
PXMV Invesco S&P MidCap Value with Momentum ETF 11.7 39 3 10.0 +4.1
VFMF Vanguard U.S. Multifactor ETF 11.6 19 23 7.6 +1.7
SMMD iShares Russell 2500 ETF 11.4 15 27 5.9 0.0
FYC First Trust Small Cap Growth AlphaDEX Fund 11.4 70 -28 1.9 -4.0
EQWM Invesco S&P MidCap Quality ETF 11.0 25 17 6.4 +0.5
PMOM Principal Sustainable Momentum Index ETF 11.0 29 13 0.0 -5.9
VFVA Vanguard U.S. Value Factor ETF 11.0 14 28 11.3 +5.3
TUSA First Trust Total US Market AlphaDEX ETF 11.0 70 -28 6.1 +0.2
VIOO Vanguard S&P Small-Cap 600 ETF 10.9 10 32 7.2 +1.3
AUSF Global X Adaptive U.S. Factor ETF 10.9 27 15 9.3 +3.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 10.8 30 12 5.9 -0.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 10.7 16 26 5.5 -0.4
XMLV Invesco S&P MidCap Low Volatility ETF 10.3 25 17 5.6 -0.3
FYX First Trust Small Cap Core AlphaDEX Fund 10.2 63 -21 6.5 +0.5
JHMM John Hancock Multifactor Mid Cap ETF 10.1 42 0 5.7 -0.2
VFQY Vanguard U.S. Quality Factor ETF 10.1 13 29 6.4 +0.5
XMMO Invesco S&P MidCap Momentum ETF 10.0 34 8 4.6 -1.4
BUY USCF SummerHaven SHPEI Index Fund 9.9 80 -38 9.2 +3.3
SPSM SPDR Portfolio Small Cap ETF 9.9 5 37 7.3 +1.4
IJR iShares Core S&P Small Cap ETF 9.9 6 36 7.3 +1.3
SLY SPDR S&P 600 Small Cap ETF 9.9 15 27 7.2 +1.3
PSC Principal U.S. Small Cap Index ETF 9.8 38 4 7.1 +1.1
DWAS Invesco DWA SmallCap Momentum ETF 9.7 60 -18 -2.1 -8.1
SLYG SPDR S&P 600 Small Cap Growth ETF 9.6 15 27 5.5 -0.4
IJT iShares S&P Small-Cap 600 Growth ETF 9.6 25 17 5.4 -0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 9.3 20 22 7.0 +1.1
FREL Fidelity MSCI Real Estate Index ETF 9.3 8 34 6.7 +0.7
JDIV JPMorgan U.S. Dividend ETF 9.2 12 30 7.9 +2.0
JVAL JPMorgan U.S. Value Factor ETF 9.2 12 30 8.9 +2.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 9.1 60 -18 8.3 +2.4

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 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 11.3 %
Divided by: Fwd. P/BV 1.8 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
1.52 CATEGORY
AVERAGE
1.51
 
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.