JHML vs VONV: Grades, Fees and Holdings Compared

John Hancock Multifactor Large Cap ETF

JHMLANYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

62.9%by weight

Expense ratio

VONV −0.23pt a year

JHML0.29%VONV0.06%

Avg volume · 30D

VONV 27.9×the volume

JHML27.7KVONV774K

10Y return · a year

JHML +2.1pt

JHML+14.1%VONV+12.0%

JHML vs VONV Performance

Oct 29, 2021 – Oct 30, 2026

+65.2%JHML+73.8%VONV

Expense ratio: JHML 0.29%; VONV 0.06%, better
Fund size: JHML $1.17B; VONV $23.3B
1Y total return: JHML +14.4%; VONV +28.5%, better
Yield (12M): JHML 0.95%; VONV 1.53%, better
Holdings: JHML 776; VONV 873
Avg volume (30D): JHML 27.7K sh; VONV 774K sh, better
NAV per share: JHML $89.93; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for JHML, VONV, with each pillar’s weight
Pillar	JHML	VONV
Cost30% weight	B55	A96Higher
Mission25% weight	A100	A100
Risk15% weight	B60	A86Higher
Tradability15% weight	A74Higher	B60
Holdings10% weight	B61Higher	C49
Durability5% weight	B69	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. JHML and VONV are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

VONV ranks 1st and JHML 18th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 18AFLQLFranklin U.S. Large Cap Multifactor Index ETFScore 71
Rank 18AJHMLJohn Hancock Multifactor Large Cap ETFScore 71
Rank 18AONEOState Street SPDR Russell 1000 Momentum Focus ETFScore 71

Our read on each fund

ETF.net Research

JHMLAJohn Hancock Multifactor Large Cap ETF

VONVAVanguard Russell 1000 Value ETF

In short

JHML Dimensional builds the index, John Hancock runs the fund. JHML holds roughly 800 of the largest US companies, then leans the weights toward smaller, cheaper, more profitable names and caps any single stock at 4%.

VONV The plain-vanilla value trade, done cheap: about 900 large US value stocks, full replication of the Russell 1000 Value Index, 0.06% a year. No factor cocktail, no premium price tag, and one of the strongest implementations in its factor peer group.

Stated mandate

JHML The fund seeks to track, before fees and expenses, the performance of the John Hancock Dimensional Large Cap Index.

VONV The fund seeks to track the Russell 1000 Value Index, representing large-capitalization value stocks in the United States. It uses passive indexing and full replication to remain closely aligned with that benchmark.

Why people hold it

JHML The index is developed and maintained by Dimensional Fund Advisors: weights tilt toward smaller market caps, lower relative price and higher profitability, reconstituted twice a year.sec.gov jhinvestments.com
A 4% cap on any one company at reconstitution, spread across about 800 names, keeps the portfolio far less top-heavy than a straight cap-weighted large cap fund.sec.gov
It has tracked its Dimensional index very closely, and stands among the stronger implementations in a crowded multifactor large cap field.
Running since 2015, it has a decade of live history under the same rules-based index, not a backtest.

VONV 0.06% a year, a fraction of the typical fee among factor ETFs. On a rules-based value index there is little room for cleverness, so cost does most of the work.vanguard.com
Full replication, not sampling: it owns the index's roughly 900 names and has stayed tightly aligned with the Russell 1000 Value benchmark since launching in 2010.
Same Russell benchmark as pricier rivals for less: the Goldman MarketBeta version (GVUS) charges 0.12% to track the identical value index.
A multi-billion-dollar fund that trades actively, among the easiest in its group to get in and out of, and it distributes quarterly.

Worth knowing

JHML Fee is 0.29% net of a waiver through July 31, 2027 (0.32% gross), near the category median. Simpler factor peers like LRGF (0.08%) and VYM (0.04%) charge much less.
Trading is thin for a multi-billion-dollar fund, so spreads can run wider than the household-name large cap ETFs. Limit orders are the usual tool here.
Those size, value and profitability tilts mean the return path can diverge from a cap-weighted large cap index, in either direction, for long stretches.sec.gov

VONV One screen, one style. Value only, with no quality or momentum overlay, so the ride follows the value side of the market wherever it goes.vanguard.com
This is the entire value bucket, not a best-ideas portfolio. About 900 holdings means results hug the large-cap value category rather than stray from it.
Cheaper exists nearby: Vanguard's VYM charges 0.04%, but it screens for dividend yield, a different portfolio than a Russell value index.

Full JHML profile⁠

Full VONV profile⁠

JHML vs VONV Holdings

How JHML and VONV differ

Overlap by weight

62.9%

Shared holdings make up 95.9% of VONV and 73.6% of JHML.

Level by level

Holdings612 in both62.9%
Sector11 Sectors85.1%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in JHML and VONV, widest gap first
Sector	More in JHMLMore in VONV	JHML	VONV
Technology	JHML +9.1 points	31.0%	21.9%
Financials	VONV +4.3 points	13.6%	17.9%
Communication	JHML +4.1 points	7.5%	3.4%
Health Care	VONV +3.0 points	10.4%	13.4%
Consumer Staples	VONV +2.6 points	4.6%	7.2%
Energy	VONV +1.9 points	4.3%	6.2%
Industrials	JHML +1.7 points	11.2%	9.5%
Real Estate	VONV +1.3 points	2.2%	3.5%
Consumer Discretionary	VONV +1.0 points	9.4%	10.4%
Materials	VONV +0.7 points	2.6%	3.3%
Utilities	VONV +0.1 points	3.3%	3.4%

Country, concentration and asset class

Country by domicile

Country weights in JHML and VONV, widest gap first
Country	More in JHMLMore in VONV	JHML	VONV
United States	VONV +0.9 points	99.1%	100.0%
Other countries (7)	JHML +0.9 points	0.9%	0.0%

Concentration

Weight in the 10 largest Holdings

JHML23.9%
VONV29.8%

Securities held

JHML776
VONV871

Asset class

JHML: Equity
VONV: Equity

Holdings

Only in JHML164
In both612
Only in VONV259

Only in JHML

164 securities, 26.4% of JHML by weight

NVIDIA Corp3.85%
Alphabet Inc Class A2.07%
Broadcom Inc1.63%
Micron Technology Inc1.29%
Eli Lilly & Co1.22%
Advanced Micro Devices0.94%
Tesla Inc0.75%
Visa Inc Class A Shares0.74%
Alphabet Inc Class C0.66%
Mastercard Inc A0.59%
Caterpillar Inc0.42%
Applied Materials Inc0.40%
Texas Instruments Inc0.39%
Lam Research Corp0.38%
Palantir Technologies Inc A0.34%
Kla Corp0.33%
General Electric0.33%
Oracle Corp0.27%
Palo Alto Networks Inc0.27%
Marvell Technology Inc0.26%
Seagate Technology Holdings0.24%
Netflix Inc0.23%
Western Digital Corp0.22%
Crowdstrike Holdings Inc A0.22%
Arista Networks Inc0.21%
Ge Vernova Inc0.20%
Quanta Services Inc0.19%
Trane Technologies PLC0.19%
Lockheed Martin Corp0.19%
Nxp Semiconductors NV0.19%
Vertiv Holdings Co A0.19%
Te Connectivity PLC0.17%
Cadence Design Sys Inc0.16%
Teradyne Inc0.16%
Amphenol Corp Class A0.16%
Cencora Inc0.15%
Datadog Inc Class A0.15%
Microchip Technology Inc0.15%
Intuitive Surgical Inc0.15%
Targa Resources Corp0.15%
Cintas Corp0.15%
Howmet Aerospace Inc0.14%
Jabil Inc0.14%
Vylor Inc0.14%
Hilton Worldwide Holdings In0.14%
Snowflake Inc0.14%
Corning Inc0.13%
Booking Holdings Inc0.13%
Fortinet Inc0.13%
Ssc Government Mm Gvmxx0.13%

Only in VONV

259 securities, 3.9% of VONV by weight

Warner Bros Discovery Inc0.20%
Strategy Inc0.15%
Kenvue Inc0.09%
Sunbelt Rentals Holdings Inc0.08%
SLBBH11420.07%
Royalty Pharma PLC0.07%
Liberty Media Corp0.06%
BitMine Immersion Technologies Inc0.04%
RB Global Inc0.04%
GFL Environmental Inc0.04%
Annaly Capital Management Inc0.04%
IREN Ltd0.03%
QXO Inc0.03%
AES Corp/The0.03%
AGNC Investment Corp0.03%
Restaurant Brands International Inc0.03%
GameStop Corp0.03%
Match Group Inc0.03%
Qorvo Inc0.03%
Qiagen NV0.02%
Space Exploration Technologies Corp0.02%
Voya Financial Inc0.02%
Ryder System Inc0.02%
Brixmor Property Group Inc0.02%
Element Solutions Inc0.02%
XP Inc0.02%
Avnet Inc0.02%
Rexford Industrial Realty Inc0.02%
Columbia Banking System Inc0.02%
Millicom International Cellular SA0.02%
First Industrial Realty Trust Inc0.02%
CarMax Inc0.02%
Core & Main Inc0.02%
NNN REIT Inc0.02%
AptarGroup Inc0.02%
UGI Corp0.02%
Ralliant Corp0.02%
Prosperity Bancshares Inc0.02%
IDACORP Inc0.02%
Chord Energy Corp0.02%
Timken Co/The0.02%
Hanover Insurance Group Inc/The0.02%
Gitlab Inc0.02%
Eastman Chemical Co0.02%
Commerce Bancshares Inc/MO0.02%
Bruker Corp0.02%
National Fuel Gas Co0.02%
Simpson Manufacturing Co Inc0.02%
Kirby Corp0.02%
Lincoln National Corp0.02%

Weight gaps

The 100 widest of 612 Holdings in both funds.

Holding weights in JHML and VONV, widest gap first
Holding	More in JHMLMore in VONV	JHML	VONV
Amazon.com IncAMZN	VONV +3.24 points	2.85%	6.09%
Apple IncAAPL	VONV +1.69 points	4.38%	6.07%
Berkshire Hathaway Inc Class BBRK.B	VONV +1.59 points	0.96%	2.55%
Microsoft CorpMSFT	VONV +1.53 points	3.71%	5.24%
JPMorgan Chase & CoJPM	VONV +1.27 points	1.16%	2.43%
Exxonmobil Holdings CorpXOM	VONV +1.01 points	0.83%	1.84%
Intel CorpINTC	VONV +1.01 points	0.50%	1.51%
Johnson & JohnsonJNJ	VONV +0.97 points	0.78%	1.75%
Meta Platforms Inc Class AMETA	JHML +0.91 points	1.71%	0.80%
Cisco Systems IncCSCO	VONV +0.66 points	0.51%	1.17%
AbbVie IncABBV	VONV +0.66 points	0.51%	1.17%
Chevron CorpCVX	VONV +0.59 points	0.45%	1.04%
Merck & Co. Inc.MRK	VONV +0.56 points	0.43%	0.99%
Philip Morris InternationalPM	VONV +0.54 points	0.28%	0.82%
UnitedHealth Group IncUNH	VONV +0.50 points	0.41%	0.91%
Bank of America CorpBAC	VONV +0.50 points	0.41%	0.91%
Procter & Gamble Co/ ThePG	VONV +0.45 points	0.48%	0.93%
Walmart IncWMT	VONV +0.45 points	0.70%	1.15%
Coca Cola Co/ TheKO	VONV +0.41 points	0.40%	0.81%
Thermo Fisher Scientific IncTMO	VONV +0.36 points	0.33%	0.69%
Linde PLCLIN	VONV +0.35 points	0.25%	0.60%
Rtx CorpRTX	VONV +0.33 points	0.36%	0.69%
Nextera Energy IncNEE	VONV +0.31 points	0.13%	0.43%
Walt Disney Co/ TheDIS	VONV +0.30 points	0.20%	0.50%
Goldman Sachs Group IncGS	VONV +0.29 points	0.38%	0.67%
BlackRock IncBLK	VONV +0.28 points	0.15%	0.44%
Salesforce IncCRM	VONV +0.29 points	0.21%	0.50%
Welltower IncWELL	VONV +0.29 points	0.17%	0.46%
Wells Fargo & CoWFC	VONV +0.28 points	0.39%	0.67%
Abbott LaboratoriesABT	VONV +0.26 points	0.21%	0.47%
At+ T IncT	VONV +0.26 points	0.19%	0.45%
Morgan StanleyMS	VONV +0.25 points	0.33%	0.58%
McDonald’s CorpMCD	VONV +0.25 points	0.20%	0.45%
Schwab (Charles) CorpSCHW	VONV +0.25 points	0.16%	0.41%
Verizon Communications IncVZ	VONV +0.25 points	0.28%	0.53%
Qualcomm IncQCOM	VONV +0.23 points	0.30%	0.53%
Dell Technologies CDELL	VONV +0.22 points	0.17%	0.39%
Vertex Pharmaceuticals IncVRTX	VONV +0.23 points	0.14%	0.37%
Uber Technologies IncUBER	VONV +0.22 points	0.11%	0.33%
Pfizer IncPFE	VONV +0.22 points	0.23%	0.45%
Intl Business Machines CorpIBM	VONV +0.22 points	0.35%	0.57%
Danaher CorpDHR	VONV +0.22 points	0.17%	0.39%
Prologis IncPLD	VONV +0.21 points	0.13%	0.34%
Costco Wholesale CorpCOST	VONV +0.21 points	0.42%	0.63%
Citigroup IncC	VONV +0.19 points	0.31%	0.50%
Gilead Sciences IncGILD	VONV +0.19 points	0.32%	0.51%
Pepsico IncPEP	VONV +0.19 points	0.23%	0.42%
Progressive CorpPGR	VONV +0.19 points	0.14%	0.33%
Deere & CoDE	VONV +0.19 points	0.27%	0.46%
Analog Devices IncADI	VONV +0.18 points	0.31%	0.49%
Eaton Corp PLCETN	VONV +0.18 points	0.21%	0.39%
Ww Grainger IncGWW	JHML +0.18 points	0.20%	0.02%
Ross Stores IncROST	JHML +0.17 points	0.20%	0.03%
Amgen IncAMGN	JHML +0.17 points	0.35%	0.18%
Equinix IncEQIX	VONV +0.16 points	0.11%	0.27%
Ebay IncEBAY	JHML +0.16 points	0.25%	0.09%
Altria Group IncMO	VONV +0.16 points	0.15%	0.31%
Rockwell Automation IncROK	JHML +0.16 points	0.18%	0.02%
Union Pacific CorpUNP	VONV +0.15 points	0.26%	0.41%
Medtronic PLCMDT	VONV +0.15 points	0.15%	0.30%
S+ P Global IncSPGI	VONV +0.15 points	0.17%	0.32%
Lowe’s Cos IncLOW	VONV +0.15 points	0.13%	0.28%
Bristol Myers Squibb CoBMY	VONV +0.15 points	0.20%	0.35%
Parker Hannifin CorpPH	VONV +0.14 points	0.19%	0.33%
Fastenal CoFAST	JHML +0.14 points	0.17%	0.03%
Stryker CorpSYK	VONV +0.13 points	0.13%	0.26%
Kroger CoKR	JHML +0.14 points	0.23%	0.09%
Capital One Financial CorpCOF	VONV +0.13 points	0.19%	0.32%
Chubb LtdCB	VONV +0.13 points	0.18%	0.31%
Netapp IncNTAP	JHML +0.13 points	0.20%	0.07%
Keysight Technologies InKEYS	JHML +0.13 points	0.20%	0.07%
Cme Group IncCME	VONV +0.13 points	0.13%	0.26%
Home Depot IncHD	JHML +0.13 points	0.33%	0.20%
Cardinal Health IncCAH	JHML +0.12 points	0.20%	0.08%
Corteva IncCTVA	VONV +0.12 points	0.02%	0.14%
Accenture PLC Class AACN	VONV +0.12 points	0.19%	0.31%
Mckesson CorpMCK	JHML +0.12 points	0.14%	0.02%
Hartford Insurance Group IncHIG	JHML +0.12 points	0.21%	0.09%
Marathon Petroleum CorpMPC	JHML +0.11 points	0.27%	0.16%
Cvs Health CorpCVS	VONV +0.11 points	0.19%	0.30%
Newmont CorpNEM	VONV +0.10 points	0.23%	0.33%
Steel Dynamics IncSTLD	JHML +0.10 points	0.18%	0.08%
Slb LtdSLB	VONV +0.11 points	0.09%	0.20%
T Mobile Us IncTMUS	VONV +0.11 points	0.11%	0.22%
Nucor CorpNUE	JHML +0.11 points	0.25%	0.14%
Boston Scientific CorpBSX	VONV +0.10 points	0.08%	0.18%
Royal Caribbean Cruises LtdRCL	JHML +0.10 points	0.18%	0.08%
United Rentals IncURI	JHML +0.10 points	0.23%	0.13%
Freeport Mcmoran IncFCX	VONV +0.11 points	0.17%	0.28%
ConocophillipsCOP	VONV +0.10 points	0.32%	0.42%
Idexx Laboratories IncIDXX	JHML +0.10 points	0.12%	0.02%
Southern Co/ TheSO	VONV +0.09 points	0.17%	0.26%
Synopsys IncSNPS	VONV +0.09 points	0.13%	0.22%
Synchrony FinancialSYF	JHML +0.10 points	0.16%	0.06%
Williams Sonoma IncWSM	JHML +0.10 points	0.16%	0.06%
Intercontinental Exchange InICE	VONV +0.10 points	0.14%	0.23%
Marriott International Class AMAR	JHML +0.09 points	0.14%	0.05%
Ulta Beauty IncULTA	JHML +0.09 points	0.14%	0.05%
Cummins IncCMI	JHML +0.09 points	0.20%	0.11%
Crh PLCCRH	VONV +0.09 points	0.06%	0.15%

All 777 JHML holdings⁠All 872 VONV 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.

JHML vs VONV Cost

Overpaying JHML vs VONV

$4,682

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

JHML 0.29%
$5,952
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

JHML 0.29%
VONV 0.06%
Overpaying

Year by year

Year	JHML	VONV	Overpaying
10	$527	$110	$417
20	$2,044	$432	$1,612
30	$5,952	$1,270	$4,682

Expense ratio

0.29%JHML
0.06%VONV, cheaper

VONV0.06%JHML0.29%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

JHML 43rd cheapest of 99 funds

JHML vs VONV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JHML 0.95%; VONV 1.53%, better
Payout (12M): JHML $0.86; VONV $1.74
Last payment: JHML $0.39; VONV $0.42
Ex-dividend: JHML Jun 26, 2026; VONV Sep 23, 2026
Paid on: JHML Jun 30, 2026; VONV Sep 25, 2026
Frequency: JHML Twice a year; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

JHMLTwice a year · 19 paymentsAll JHML payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

JHML vs VONV Risk

Fall from peak · 5 years

JHML
VONV

Risk facts

VolatilityStd dev, 3 years: JHML 12.0%, betterVONV 12.1%
Return per unit of riskSharpe ratio, 3 years: JHML 1.35VONV 1.43, better
Worst fallMax drawdown, 5 years: JHML −23.5%VONV −18.9%, better
Market sensitivityBeta, 5 years: JHML 0.97VONV 0.85; Market = 1

JHML and VONV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026VONV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VONV
Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VONV

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JHML vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How JHML and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JHML

Only in VONV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list

The best value ETF depends on whose list you bought

US multifactor funds ran 30 points apart

How JHML and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JHML

Only in VONV

Weight gaps