AQEC vs JHAC: Grades, Fees and Holdings Compared

AQE Core ETF

AQECBCboe

John Hancock Fundamental All Cap Core ETF

JHACDNYSE Arca

Overlap

23.9%by weight

Expense ratio

AQEC −0.23pt a year

AQEC0.49%JHAC0.72%

Avg volume · 30D

AQEC 100.7×the volume

AQEC24.8KJHAC246

AQEC vs JHAC Performance

Dec 31, 2025 – Oct 30, 2026

+1.2%AQEC+3.6%JHAC

Expense ratio: AQEC 0.49%, better; JHAC 0.72%
Fund size: AQEC $602M; JHAC $4M
1Y total return: AQEC No data; JHAC +2.3%
Yield (12M): AQEC No data; JHAC 2.28%
Holdings: AQEC 134; JHAC 49
Avg volume (30D): AQEC 24.8K sh, better; JHAC 246 sh
NAV per share: AQEC $25.92; JHAC $15.61
52W range

ETF.net Grade

Pillar letters and Scores for AQEC, JHAC, with each pillar’s weight
Pillar	AQEC	JHAC
Cost30% weight	A75Higher	D38
Mission25% weight	Not scored	B64
Risk15% weight	C40Higher	F23
Tradability15% weight	B67Higher	F13
Holdings10% weight	A85Higher	B62
Durability5% weight	B57Higher	C44

Rank among US Active Quality funds

How we build Categories ›

Same Category. AQEC and JHAC are both graded against the same 16 US Active Quality funds, so their Grades compare head to head.

US Active Quality⁠

Category · 16 funds

See all 16 ›

AQEC ranks 3rd and JHAC 12th of 16 funds in the US Active Quality Category.

Rank 1ANPFENpf Core Equity EtfScore 79
Rank 2AQLTYGMO US Quality ETFScore 75
Rank 3BAQECAQE Core ETFScore 66
Rank 4BQIDXIndexperts Quality Earnings Focused ETFScore 64
Rank 11DBWTGBrendan Wood TopGun ETFScore 34
Rank 12DJHACJohn Hancock Fundamental All Cap Core ETFScore 33
Rank 13DNQLTNeuberger Quality Select ETFScore 31

Our read on each fund

ETF.net Research

AQECBAQE Core ETF

JHACDJohn Hancock Fundamental All Cap Core ETF

In short

AQEC No data

JHAC A rare shielded active ETF: Manulife's analysts run an all-cap book of cash-generative businesses, and you see a daily tracking basket instead of the full holdings. Fee is 0.72% net of a waiver through July 31, 2027.

Stated mandate

AQEC No data

JHAC The fund seeks long-term capital appreciation.

Why people hold it

AQEC No data

JHAC Runs under an SEC exemptive order as a semi-transparent ETF: it posts a daily tracking basket designed to closely track the portfolio, keeping the manager's actual trades out of public view.jhinvestments.com jhinvestments.com 2
Go-anywhere equity mandate. At least 80% of net assets in stocks spanning the full capitalization spectrum, with room for up to 20% in foreign issuers and ADRs. No index to hug.jhinvestments.com
Bottom-up research hunting growth drivers, sustainable cash flow and high returns on capital; positions get sold when they hit target valuation or the fundamentals deteriorate.jhinvestments.com
Subadvised by Manulife Investment Management (US), which ran this all-cap strategy as a composite before the ETF opened in 2023.jhinvestments.com

Worth knowing

AQEC No data

JHAC You pay up for the research: 0.72% net of a waiver through July 31, 2027, above the category median, with gross expenses at 5.11% while the asset base stays small.
Fully transparent peers cost less: PSET at 0.15% and QLTY at 0.50%, neither leaning on a waiver.
Small and thinly traded, so spreads can run wide, and the prospectus notes traders tend to charge more when they get less holdings information.jhinvestments.com

Full AQEC profile⁠

Full JHAC profile⁠

AQEC vs JHAC Holdings

How AQEC and JHAC differ

Overlap by weight

23.9%

Shared holdings make up 45.6% of JHAC and 33.8% of AQEC.

Level by level

Holdings15 in both23.9%
Sector11 Sectors72.8%
Countryby domicile92.9%
Asset classEquity100%

Sector

Sector weights in AQEC and JHAC, widest gap first
Sector	More in AQECMore in JHAC	AQEC	JHAC
Consumer Discretionary	JHAC +15.4 points	8.5%	23.9%
Consumer Staples	AQEC +7.8 points	9.3%	1.5%
Health Care	AQEC +6.8 points	13.1%	6.3%
Technology	AQEC +6.5 points	34.0%	27.5%
Financials	JHAC +5.2 points	10.7%	15.9%
Communication	AQEC +5.1 points	14.0%	8.9%
Real Estate	JHAC +3.3 points	0.2%	3.5%
Energy	JHAC +3.2 points	1.7%	4.9%
Industrials	AQEC +0.6 points	7.1%	6.5%
Utilities	AQEC +0.5 points	0.5%	0.0%
Materials	JHAC +0.1 points	1.0%	1.1%

Country, concentration and asset class

Country by domicile

Country weights in AQEC and JHAC, widest gap first
Country	More in AQECMore in JHAC	AQEC	JHAC
United Kingdom	AQEC +4.2 points	4.2%	0.0%
Canada	JHAC +2.5 points	0.0%	2.5%
United States	JHAC +1.7 points	92.1%	93.8%
Belgium	JHAC +1.5 points	0.0%	1.5%
Netherlands	AQEC +1.5 points	1.5%	0.0%
Israel	JHAC +1.2 points	0.0%	1.2%
Switzerland	AQEC +0.8 points	1.6%	0.8%
Denmark	AQEC +0.6 points	0.6%	0.0%
Italy	JHAC +0.2 points	0.0%	0.2%

Concentration

Weight in the 10 largest Holdings

AQEC36.2%
JHAC47.5%

Securities held

AQEC133
JHAC49

Asset class

AQEC: Equity
JHAC: Equity

Holdings

Only in AQEC118
In both15
Only in JHAC34

Only in AQEC

118 securities, 66.0% of AQEC by weight

Berkshire Hathaway Inc2.08%
Alphabet Inc1.75%
Visa Inc1.74%
Johnson & Johnson1.60%
Eli Lilly & Co1.57%
Tesla Inc1.48%
Procter & Gamble Co/The1.30%
Micron Technology Inc1.26%
Philip Morris International Inc1.23%
JPMorgan Chase & Co.1.22%
Home Depot Inc/The1.17%
Intuitive Surgical Inc1.08%
ExxonMobil Holdings Corp1.08%
RTX Corp1.07%
Walt Disney Co/The1.01%
Advanced Micro Devices Inc1.00%
Gartner Inc0.91%
Medtronic PLC0.90%
Starbucks Corp0.87%
General Dynamics Corp0.86%
Bristol-Myers Squibb Co0.85%
eBay Inc0.84%
Novartis AG0.81%
Universal Music Group NV0.81%
Roche Holding AG0.79%
British American Tobacco PLC0.78%
Warner Music Group Corp0.76%
Ryan Specialty Holdings Inc0.76%
Colgate-Palmolive Co0.75%
Otis Worldwide Corp0.75%
Estee Lauder Cos Inc/The0.75%
Honeywell Aerospace Inc0.75%
Diageo PLC0.75%
Intercontinental Exchange Inc0.75%
Reckitt Benckiser Group PLC0.74%
AbbVie Inc0.73%
Walmart Inc0.73%
Honeywell International Inc0.73%
Live Nation Entertainment Inc0.73%
Mastercard Inc0.72%
Unilever PLC0.72%
Gsk PLC0.71%
Aon PLC0.70%
News Corp0.69%
TransUnion0.69%
Fox Corp0.68%
Zillow Group Inc0.67%
Airbnb Inc0.65%
Solventum Corp0.64%
ASML Holding NV0.62%

Only in JHAC

34 securities, 54.4% of JHAC by weight

Taiwan Semiconductor Manufacturing Company, Ltd.4.23%
Jh Ctf 20491231 00001.0000000000 0.000%, 12/31/20493.46%
KKR & Company, Inc.3.13%
Roper Technologies, Inc.2.65%
Cheniere Energy, Inc.2.64%
Lennar Corp.2.54%
Liberty Media Corp.2.31%
McKesson Corp.2.16%
Elevance Health, Inc.1.99%
TransDigm Group, Inc.1.96%
Elanco Animal Health, Inc.1.90%
S&P Global, Inc.1.84%
CarMax, Inc.1.76%
Alnylam Pharmaceuticals, Inc.1.74%
Workday, Inc.1.70%
United Rentals, Inc.1.52%
Vulcan Materials Company1.52%
Vail Resorts, Inc.1.51%
Spotify Technology SA1.47%
Zimmer Biomet Holdings, Inc.1.46%
Ferrari NV1.43%
Cargurus, Inc.1.35%
Arthur J Gallagher & Company1.28%
Post Holdings, Inc.1.05%
GE HealthCare Technologies, Inc.0.94%
Millrose Properties, Inc.0.81%
First Hawaiian, Inc.0.73%
Group 1 Automotive, Inc.0.71%
Regal Rexnord Corp.0.67%
HubSpot, Inc.0.66%
Fortive Corp.0.50%
Mobileye Global, Inc.0.38%
Fox Factory Holding Corp.0.26%
Five Point Holdings LLC0.20%

Weight gaps

All 15 Holdings in both funds, largest gap first.

Holding weights in AQEC and JHAC, widest gap first
Holding	More in AQECMore in JHAC	AQEC	JHAC
Apple IncAAPL	AQEC +6.67 points	7.77%	1.10%
Amazon.com IncAMZN	JHAC +4.04 points	3.07%	7.11%
Meta Platforms IncMETA	JHAC +3.32 points	1.74%	5.06%
NVIDIA CorpNVDA	AQEC +3.20 points	7.25%	4.05%
Thermo Fisher Scientific IncTMO	JHAC +2.46 points	0.35%	2.81%
Broadcom IncAVGO	JHAC +2.40 points	2.06%	4.46%
Microsoft CorpMSFT	JHAC +2.39 points	6.00%	8.39%
Alphabet IncGOOGL	JHAC +1.99 points	2.77%	4.76%
UnitedHealth Group IncUNH	JHAC +1.26 points	0.50%	1.76%
Salesforce IncCRM	JHAC +1.16 points	0.90%	2.06%
QUALCOMM IncQCOM	JHAC +0.93 points	0.23%	1.16%
American Tower CorpAMT	JHAC +0.67 points	0.11%	0.78%
Haleon PLCHLN	JHAC +0.52 points	0.66%	1.18%
Adobe IncADBE	JHAC +0.28 points	0.15%	0.43%
Accenture PLCACN	JHAC +0.22 points	0.23%	0.45%

All 134 AQEC holdings⁠All JHAC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AQEC vs JHAC Cost

Overpaying JHAC vs AQEC

$4,165

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AQEC 0.49%
$9,792
JHAC 0.72%
$13,957

Amount$10,000

Years30 years

Cost over time

AQEC 0.49%
JHAC 0.72%
Overpaying

Year by year

Year	AQEC	JHAC	Overpaying
10	$883	$1,284	$401
20	$3,394	$4,888	$1,494
30	$9,792	$13,957	$4,165

Expense ratio

0.49%AQEC, cheaper
0.72%JHAC

AQEC0.49%JHAC0.72%

0.40%1.52%

Middle half of US Active Quality funds
Median 0.65%

AQEC 2nd cheapest of 16 funds

JHAC 11th cheapest of 16 funds

AQEC vs JHAC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AQEC No data; JHAC 2.28%
Payout (12M): AQEC No data; JHAC $0.36
Last payment: AQEC $0.05; JHAC $0.36
Ex-dividend: AQEC Sep 23, 2026; JHAC Dec 29, 2025
Paid on: AQEC Sep 24, 2026; JHAC Dec 31, 2025
Frequency: AQEC Quarterly; JHAC Annual

Distribution history

Per share, 2023 to 2026, same scale for both

AQECQuarterly · 4 paymentsAll AQEC payments⁠

JHACAnnual · 3 paymentsAll JHAC payments⁠

AQEC vs JHAC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AQEC No dataJHAC 14.6%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: AQEC No dataJHAC 0.62since Dec 2023
Worst fallMax drawdown, 5 years: AQEC No dataJHAC −24.4%since Nov 2023
Market sensitivityBeta, 5 years: AQEC 0.51JHAC 1.16; Market = 1

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