John Hancock Multifactor Small Cap ETF
ALTAR
Score™
4.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.3x P/Sales
ratio
2.0x
P/BV
ratio
2.5x Div.
yield
1.5%


  • 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) $577
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 318
Wgt avg mkt cap (mns) $4,864
Large cap (>$10bn) 0.6%
Mid cap ($2-10bn) 97.5%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
II-VI INC 0.8 %
TAPESTRY, INC. 0.8 %
INVESCO LTD 0.7 %
DARLING INTERNATIONAL INC 0.7 %
ARROWHEAD PHARMACEUTICALS, INC. 0.6 %
FLIR SYSTEMS INC 0.6 %
INVITAE CORP. 0.6 %
HALOZYME THERAPEUTICS INC 0.6 %
ULTRAGENYX PHARMACEUTICAL IN 0.6 %
EATON VANCE CORP 0.6 %
Total 6.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.7 %
BERMUDA 1.2 %
BRITAIN 0.8 %
PUERTO RICO 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.
11.6% 11.6% -- -- 6.7%

Market Correlations
versus... Beta R-squared
S&P500 1.24 88%
MSCI EAFE 1.19 80%
MSCI Emg. Mkts. 0.99 71%

Technical Indicators
Recent close $32.45
30d moving avg. $30.88
Annualized volatility 24.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 56
Turnover 0.3%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $15,582

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.6%


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
(%)
FNX First Trust Mid Cap Core AlphaDEX Fund 42.5 61 -19 5.1 +0.6
BKSE BNY Mellon US Small Cap Core Equity ETF 41.4 4 38 4.7 +0.2
EZM WisdomTree U.S. MidCap Earnings Fund 41.4 38 4 7.6 +3.0
EWMC Invesco S&P MidCap 400 Equal Weight ETF 38.2 40 2 5.7 +1.1
RNMC Mid Cap US Equity Select ETF 36.7 60 -18 6.1 +1.5
MDY SPDR S&P Midcap 400 ETF Trust 35.1 23 19 5.2 +0.6
SPMD SPDR Portfolio Mid Cap ETF 35.0 5 37 5.4 +0.8
IJH iShares Core S&P Mid-Cap ETF 35.0 5 37 5.4 +0.8
IVOO Vanguard S&P Mid-Cap 400 ETF 33.5 10 32 5.3 +0.8
IJJ iShares S&P Mid-Cap 400 Value ETF 33.0 18 24 6.9 +2.4
MDYV SPDR S&P 400 Mid Cap Value ETF 33.0 15 27 6.9 +2.4
FNK First Trust Mid Cap Value AlphaDEX Fund 32.1 70 -28 7.8 +3.2
JKJ iShares Morningstar Small-Cap ETF 31.7 25 17 5.1 +0.5
SMDY Syntax Stratified MidCap ETF 31.5 30 12 5.2 +0.6
DON WisdomTree U.S. MidCap Dividend Fund 30.4 38 4 6.7 +2.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 29.4 15 27 6.7 +2.2
SCHA Schwab U.S. Small-Cap ETF 29.1 4 38 3.6 -0.9
JKK iShares Morningstar Small-Cap Growth ETF 28.2 30 12 0.6 -4.0
JKL iShares Morningstar Small Cap Value ETF 28.0 30 12 7.6 +3.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 27.9 7 35 3.9 -0.6
AFMC First Trust Active Factor Mid Cap ETF 27.5 65 -23 5.3 +0.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 27.3 6 36 4.1 -0.5
IWO iShares Russell 2000 Growth ETF 27.1 24 18 -0.1 -4.7
SFYX Sofi Next 500 ETF 27.1 0 42 4.9 +0.3
IJK iShares S&P Mid-Cap 400 Growth ETF 26.8 17 25 3.8 -0.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 26.8 15 27 3.8 -0.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 26.6 70 -28 1.6 -2.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 26.6 17 25 4.1 -0.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 26.1 15 27 4.2 -0.3
RWK Invesco S&P MidCap 400 Revenue ETF 26.0 39 3 6.4 +1.9
VBR Vanguard Small Cap Value Index Fund 25.9 7 35 6.4 +1.9
NUSC Nuveen ESG Small-Cap ETF 25.0 40 2 4.0 -0.5
VTWG Vanguard Russell 2000 Growth Index Fund 24.7 15 27 0.1 -4.5
FSMD Fidelity Small-Mid Factor ETF 24.3 29 13 5.3 +0.7
VTWO Vanguard Russell 2000 Index Fund 23.7 10 32 2.7 -1.9
VB Vanguard Small-Cap ETF 22.8 5 37 4.5 -0.1
IWM iShares Russell 2000 ETF 22.1 19 23 2.5 -2.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 21.3 29 13 4.3 -0.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 20.4 20 22 7.1 +2.6
VBK Vanguard Small-Cap Growth Index Fund 20.2 7 35 1.9 -2.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 19.8 20 22 3.9 -0.7
SCHM Schwab U.S. Mid-Cap ETF 19.0 4 38 5.0 +0.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 18.6 9 33 3.3 -1.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.3 24 18 5.0 +0.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 18.0 25 17 4.8 +0.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 17.1 30 12 6.1 +1.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 16.5 20 22 3.7 -0.9
AFSM First Trust Active Factor Small Cap ETF 16.2 77 -35 4.4 -0.1
VFLQ Vanguard U.S. Liquidity Factor ETF 16.0 14 28 3.5 -1.1
FAB First Trust Multi Cap Value AlphaDEX Fund 15.8 71 -29 7.5 +3.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 15.7 29 13 6.0 +1.5
IUSS Invesco Strategic US Small Company ETF 15.5 23 19 3.7 -0.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 15.5 35 7 5.0 +0.4
STSB iShares Factors US Small Blend Style ETF 15.4 35 7 3.0 -1.6
IWN iShares Russell 2000 Value ETF 15.0 24 18 5.1 +0.5
VXF Vanguard Extended Market Index Fund 14.6 6 36 2.5 -2.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 14.0 29 13 -0.3 -4.8
BFOR Barron's 400 ETF 13.9 65 -23 5.6 +1.1
AVUV Avantis U.S. Small Cap Value ETF 13.5 25 17 6.4 +1.8
VTWV Vanguard Russell 2000 Value Index Fund 13.3 15 27 5.2 +0.6
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 13.3 48 -6 5.6 +1.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 13.3 39 3 3.5 -1.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 13.1 80 -38 4.7 +0.2
ONEY SPDR Russell 1000 Yield Focus ETF 12.7 20 22 7.2 +2.7
EQAL Invesco Russell 1000 Equal Weight ETF 12.6 20 22 5.0 +0.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 12.6 35 7 3.4 -1.2
VFVA Vanguard U.S. Value Factor ETF 12.5 14 28 8.5 +3.9
RFV Invesco S&P Midcap 400 Pure Value ETF 12.4 35 7 8.9 +4.4
ISMD Inspire Small/Mid Cap Impact ETF 12.3 60 -18 4.3 -0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 12.2 24 18 5.5 +0.9
VUSE Vident Core US Equity Fund 12.1 48 -6 7.4 +2.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 11.7 66 -24 1.8 -2.7
PSC Principal U.S. Small Cap Index ETF 11.7 38 4 4.6 +0.0
XMHQ Invesco S&P MidCap Quality ETF 11.3 25 17 5.5 +0.9
VFMF Vanguard U.S. Multifactor ETF 11.2 19 23 6.2 +1.7
SMMD iShares Russell 2500 ETF 11.1 15 27 4.7 +0.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 11.1 30 12 5.0 +0.4
JHMM John Hancock Multifactor Mid Cap ETF 10.9 42 0 4.7 +0.2
XMVM Invesco S&P MidCap Value with Momentum ETF 10.9 39 3 8.2 +3.6
STMB iShares Factors US Mid Blend Style ETF 10.7 30 12 5.0 +0.4
TUSA First Trust Total US Market AlphaDEX ETF 10.6 70 -28 4.8 +0.3
VFQY Vanguard U.S. Quality Factor ETF 10.4 13 29 5.3 +0.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 10.2 20 22 6.2 +1.6
XMMO Invesco S&P MidCap Momentum ETF 10.2 34 8 3.5 -1.1
AUSF Global X Adaptive U.S. Factor ETF 9.9 27 15 8.0 +3.5
IWS iShares Russell Mid-Cap Value ETF 9.7 24 18 6.0 +1.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 9.7 25 17 5.0 +0.4
JVAL JPMorgan U.S. Value Factor ETF 9.6 12 30 7.2 +2.7
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 9.4 60 -18 6.2 +1.6
FXO First Trust Financials AlphaDEX Fund 9.4 63 -21 9.1 +4.5
XMLV Invesco S&P MidCap Low Volatility ETF 9.3 25 17 5.1 +0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 9.1 20 22 5.6 +1.1
JDIV JPMorgan U.S. Dividend ETF 8.8 12 30 6.7 +2.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 8.7 35 7 5.1 +0.6
COWZ Pacer US Cash Cows 100 ETF 8.5 49 -7 10.3 +5.8
ETHO Etho Climate Leadership U.S. ETF 8.5 47 -5 3.7 -0.9
VIOO Vanguard S&P Small-Cap 600 ETF 8.3 10 32 5.6 +1.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 8.2 39 3 4.0 -0.5
CSML IQ Chaikin U.S. Small Cap ETF 8.1 35 7 2.8 -1.7

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 11.7 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.