Snapshot*
Top 10 Holdings
What is JHMD?
The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the fund s benchmark index, in depositary receipts representing securities included in the fund s benchmark index and in underlying stocks in respect of depositary receipts included in the fund s benchmark index. The Index is designed to comprise a subset of securities of companies associated with developed markets outside the U.S. and Canada. Eligible companies are generally considered to be those with market capitalizations in the top 85% of the eligible country and the top 90% of all companies in the eligible countries at the time of reconstitution. The selection and weighting of securities in the Index involves a rules-based process that may sometimes be referred to as multifactor investing, factor-based investing, strategic beta, or smart beta. With respect to each country, securities are classified according to their market capitalization, relative price, and profitability.
JHMDPerformance Measures**
for the time period Dec 16, 2016 to Aug 6, 2026
1M Trailing Return: 2.1%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 3.7%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -35.7%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 17.2%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.63
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.27
The annualized return divided by the max drawdown for the selected time period.
ETFs related toJHMD
ETFs correlated to JHMD include IEFA, EFA, DFAI
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.