John Hancock Correlations

JHML Etf

USD 73.12 0.23 0.32%

The current 90-days correlation between John Hancock Multifactor and John Hancock Multifactor is 0.94 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as John Hancock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if John Hancock Multifactor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

John Hancock Correlation With Market

Almost no diversification

The correlation between John Hancock Multifactor and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Multifactor and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John Hancock Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with John Etf

1.0	VTI	Vanguard Total Stock	Pair Corr
0.99	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.99	IVV	iShares Core SP	Pair Corr
0.96	VIG	Vanguard Dividend	Pair Corr
1.0	VV	Vanguard Large Cap	Pair Corr
0.99	RSP	Invesco SP 500	Pair Corr
1.0	IWB	iShares Russell 1000	Pair Corr
1.0	ESGU	iShares ESG Aware	Pair Corr
1.0	DFAC	Dimensional Core Equity	Pair Corr
0.99	SPLG	SPDR Portfolio SP	Pair Corr
0.97	SIXD	AIM ETF Products	Pair Corr
0.83	CEFD	ETRACS Monthly Pay	Pair Corr
0.87	TSJA	TSJA	Pair Corr
0.87	DSJA	DSJA	Pair Corr
0.77	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.95	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.85	WMT	Walmart Aggressive Push	Pair Corr
0.96	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.92	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.7	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.88	HPQ	HP Inc	Pair Corr
0.86	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.72	T	ATT Inc Sell-off Trend	Pair Corr
0.93	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against John Etf

0.84	YCL	ProShares Ultra Yen	Pair Corr
0.84	VIIX	VIIX	Pair Corr
0.83	FXY	Invesco CurrencyShares	Pair Corr
0.82	ULE	ProShares Ultra Euro Potential Growth	Pair Corr
0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.69	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.62	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	JHMM	JPUS	LRGF	JHMD	QUS
JHMM		0.95	0.98	-0.59	0.96	JHMM
JPUS	0.95		0.93	-0.36	0.96	JPUS
LRGF	0.98	0.93		-0.6	0.97	LRGF
JHMD	-0.59	-0.36	-0.6		-0.48	JHMD
QUS	0.96	0.96	0.97	-0.48		QUS
	JHMM	JPUS	LRGF	JHMD	QUS

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LRGF	+ 0.98	JHMM
QUS	+ 0.97	LRGF
QUS	+ 0.96	JHMM
QUS	+ 0.96	JPUS
JPUS	+ 0.95	JHMM
LRGF	+ 0.93	JPUS

High negative correlations

JHMD	- 0.6	LRGF
JHMD	- 0.59	JHMM
QUS	- 0.48	JHMD
JHMD	- 0.36	JPUS

John Hancock Constituents Risk-Adjusted Indicators

There is a big difference between John Etf performing well and John Hancock ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze John Hancock's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JHMM	0.63	0.03	0.04	0.15	0.53	(0.74)	1.39	(0.90)	4.14
JPUS	0.49	(0.01)	(0.08)	0.11	0.38	(0.57)	1.15	(0.85)	2.89
LRGF	0.55	0.01	(0.01)	0.13	0.64	(0.57)	1.15	(1.42)	4.04
JHMD	0.63	(0.15)	0.00	(0.24)	0.00	0.00	1.34	(1.49)	3.69
QUS	0.49	(0.02)	(0.09)	0.09	0.48	(0.55)	1.08	(1.16)	3.51

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