Which returned more over the last year, JHML or USMV?

In the year to Nov 4, 2026, with distributions reinvested, JHML returned +17.2% and USMV +14.2%.

Which is cheaper, JHML or USMV?

USMV is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do JHML and USMV overlap with the S&P 500?

By their latest filed holdings, 92% of JHML and 93% of USMV by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

JHML vs USMV: Differences, Returns & Fees

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Over the year to Nov 4, 2026, JHML returned +17.2% to USMV's +14.2%; 28% of their weight is in the same names.

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Net assets: $1.2bn on Jun 30, 2026 for John Hancock Multifactor Large Cap ETF, and $24.5bn on Nov 4, 2026 for iShares MSCI USA Min Vol Factor ETF.

JHML on its own →USMV on its own →

At a glance

+17.2%

JHML total return, 1 year

+14.2%

USMV total return, 1 year

0.29%

JHML expense ratio

0.15%

USMV expense ratio

Pair scorecard

USMV costs 0.14 points a year less; their one-year returns differ by 3.0 points.

JHML vs USMV: Differences, Returns & Fees
Measure	JHML	USMV
Return
Measure	JHML	USMV
Total return, 1 year	+17.2%	+14.2%
Benchmark
Measure	JHML	USMV
What it tracks	John Hancock Dimensional Large Cap Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	JHML	USMV
Expense ratio	0.29%	0.15%
Net assets, JHML as of Jun 30, 2026 and USMV as of Nov 4, 2026	$1.2bn	$24.5bn
Holdings
Measure	JHML	USMV
Holdings in common	28%
Top ten holdings, share of the fund	23.0%	15.1%

Method

What they share

28%

By the books each fund has filed, JHML and USMV hold 28% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

28% in common

Positions both hold · largest shared weight first JHML USMV

Microsoft Corporation 2.51% 1.58%

NVIDIA Corporation 4.02% 1.40%

Apple Inc. 3.99% 0.92%

Berkshire Hathaway Inc. 0.89% 1.54%

Broadcom Inc. 1.75% 0.83%

Advanced Micro Devices Inc. 1.04% 0.67%

Walmart Inc. 0.67% 0.76%

Micron Technology Inc. 1.62% 0.64%

Visa Inc. 0.63% 1.10%

Exxon Mobil Corporation 0.63% 1.53%

Cisco Systems Inc. 0.56% 1.25%

Mastercard Incorporated 0.49% 1.37%

Only in one fund ↓

Only in JHML

JPMorgan Chase and Co. 1.13%

Eli Lilly and Company 1.08%

Alphabet Inc. 0.84%

Intel Corporation 0.81%

Tesla Inc. 0.80%

Applied Materials Inc. 0.73%

Johnson and Johnson 0.72%

Caterpillar Inc. 0.72%

Only in USMV

JOHNSON & JOHNSON 1.43%

MERCK & CO INC 1.40%

WASTE CONNECTIONS 1.34%

PROCTER & GAMBLE 1.12%

MCDONALDS CORP 1.03%

ACCENTURE PLC CLASS A 0.98%

MARSH 0.94%

TJX 0.93%

Check overlap with more funds →

Side by side

JHML John Hancock Multifactor Large Cap ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Stock ETF Stock ETF

Issuer John Hancock iShares

What it is Tracks an index Tracks the MSCI USA Min Vol Factor

Total return, 1 year +17.2% +14.2%

Its benchmark over the same days +14.5% (IWB) not measured

Gap to its benchmark +2.7 pts vs IWB not measured

Expense ratio 0.29% 0.15%

Already in the S&P 500 92.1% 93.0%

Holdings 780 176

Net assets, JHML as of Jun 30, 2026 and USMV as of Nov 4, 2026 $1.2bn $24.5bn

JHML and USMV on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

Alert

About each fund

JHML

Over the year to Nov 4, 2026 it returned +17.2% with distributions reinvested, against +14.5% for its benchmark, the Russell 1000 Index.

JHML tracks an index. The prospectus expense ratio is 0.29% a year. By its holdings filed for Jun 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 780 positions, with the top ten at 23.0%.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Nov 4, 2026 it returned +14.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Nov 3, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 15.1%.

Questions people ask

Which returned more over the last year, JHML or USMV?: In the year to Nov 4, 2026, with distributions reinvested, JHML returned +17.2% and USMV +14.2%.
Which is cheaper, JHML or USMV?: USMV is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do JHML and USMV overlap with the S&P 500?: By their latest filed holdings, 92% of JHML and 93% of USMV by weight is stocks the S&P 500 already holds.

Other comparisons

JHML vs RDVY JHML vs SPMO DFUS vs JHML JHML vs OEF MODL vs USMV QLC vs USMV SPHB vs USMV IYZ vs USMV

Where to next

JHML on its own →USMV on its own →Hold both: look the portfolio through →Rankings →JHML dividend history →JHML holdings →USMV dividend history →USMV holdings →Standards and sources →

Sources and dates

JHML filings on SEC EDGAR ↗

JHML prospectus with the expense ratio (SEC) ↗

John Hancock website ↗

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

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ETFIQ, JHML against USMV, data as of Nov 4, 2026. https://etfiq.com/compare/any/jhml-vs-usmv

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