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John Hancock Multifactor Developed International ETF

JHMD
$--
Today’s Change
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Snapshot
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Inception Date
Dec 15 2016
Expense Ratio
0.39%
Type
Global Equities
Fund Owner
John Hancock Funds
Volume (1m avg. daily)
$1,785,078
AUM
$489,465,024
Associated Index
John Hancock Dimensional Developed International Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

SHEL
SHELL PLC
1.77%
TTE
TOTALENERGIES SE
1.34%
ASML
ASML HOLDING NV
1.32%
NESN
Nestle SA
1.29%
NOVOB
NOVO NORDISK A/S-B
1.19%
MC
LVMH MOET HENNESSY LOUIS VUI
1.03%
NOVN
Novartis AG - Registered Shares
0.95%
BP/
BP PLC
0.90%
ROG
Roche Holding AG
0.90%
WKL
WOLTERS KLUWER
0.85%
Invest with JHMD

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.

ETFs related toJHMD

ETFs correlated to JHMD include IEFA, EFA, ESGD

JHMD
John Hancock Investment Management LLC - John Hancock Multifactor Developed International ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF

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.

Automated Strategies
Related toJHMD

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JHMD using Composer

FAQ

JHMD is a Global Equities ETF. 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.

JHMD tracks the John Hancock Dimensional Developed International Index.

No, JHMD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JHMD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JHMD is -0.0384%. This is the percent change in the value of JHMD over the most recent 1-month period. The 3-month return on JHMD is 0.0063%. This is the percent change in the value of JHMD over the most recent 3-month period.

The standard deviation of JHMD for the past year is 0.1946%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JHMD include IGF, EFG, and PBW.

ETFs correlated to JHMD include IEFA, EFA, and ESGD.

ETFs that are inversely correlated to JHMD include EPV, SH, and SPDN.

Disclaimers

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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.