John Hancock Multifactor Emerging Markets ETF (JHEM) Performance
JHEM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.2% since Dec 31, 2025
- 1 year
- +16.8% total return
- 5 years
- +7.1% a year
- Since first price
- +7.5% a year since 2018
JHEM trailing returns vs SPY, QQQ, AGG
| Period | JHEM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.1% | −7.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.7% | −2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.5% | +1.0% | +7.8% | +8.4% | −1.5% |
| YTD | +14.2% | +13.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.8% | +14.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +74.7%+20.4%/yr | +62.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +41.1%+7.1%/yr | +23.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionSep 28, 2018 | +79.3%+7.5%/yr | +48.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JHEM vs SPY
From Sep 28, 2018: JHEM grew to $17,929, SPY to $29,465.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JHEM returns by calendar year
6 of 7 full years positive. Best 2025 (+30.5%), worst 2022 (−17.9%). 2026 is year to date.
JHEM annual returns table
| Year | JHEM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.2% | −12.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.5% | −13.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.6% | −10.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.9% | −11.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.9% | −29.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +2.1% | −10.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +11.5% | −35.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +17.7% | −11.6% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JHEM largest drawdowns
Now 10.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 13, 2020 | −35.0% | Mar 23, 2020 | Nov 11, 2020 | 2 months | 10 months |
| Feb 16, 2021 | −32.4% | Oct 24, 2022 | Jun 12, 2025 | 1.7 years | 4.3 years |
| Feb 27, 2026 | −12.3% | Mar 30, 2026 | Apr 17, 2026 | 31 days | 49 days |
| Jun 18, 2026 | −12.2% | Jul 29, 2026 | not yet | 41 days | 4 months so far |
| Apr 17, 2019 | −11.6% | Aug 14, 2019 | Dec 12, 2019 | 4 months | 8 months |
| Oct 1, 2018 | −10.8% | Oct 29, 2018 | Jan 25, 2019 | 28 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JHEM risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +21.6% | +8.9% | +8.4% |
| Volatility (annualized) | 14.8% | 16.6% | 17.9% |
| Sharpe ratio | 1.11 | 0.38 | 0.39 |
| Sortino ratio | 2.00 | 0.61 | 0.59 |
| Best month | +11.0% | +14.4% | +14.4% |
| Worst month | −9.5% | −10.6% | −16.8% |
| Best 12 months | +50.9% | +50.9% | +57.6% |
| Worst 12 months | +4.6% | −26.1% | −26.1% |
| Positive months | 67% | 58% | 60% |
| Beta vs S&P 500 | 0.77 | 0.71 | — |
| Correlation with S&P 500 | 0.64 | 0.67 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JHEM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 86 | −26.1% | +9.7% | +57.6% | 73% |
| 3-year (a year) | 62 | −3.7% | +4.1% | +23.2% | 76% |
| 5-year (a year) | 38 | +1.1% | +5.7% | +8.9% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
JHEM performance overview
John Hancock Multifactor Emerging Markets ETF (JHEM) returned +16.8% over the past year and +7.1% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +7.5% a year, turning $10,000 into about $17,929. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −35.0%, from Jan 13, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. JHEM finished 6 of its 7 full calendar years with a gain; the best year was 2025 (+30.5%) and the worst 2022 (−17.9%). Volatility has been 17.9% a year.
Related: JHEM chart, JHEM holdings, JHEM dividends. See the JHEM overview for the latest quote and fund facts.
JHEM performance FAQ
What is the JHEM return over the past year?
JHEM returned +16.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.5%.
What is the average annual return of JHEM?
JHEM has returned +7.1% a year over 5 years, +7.5% a year since September 28, 2018 (total return, distributions reinvested).
How much would $10,000 invested in JHEM be worth?
$10,000 invested in JHEM at its first recorded close on September 28, 2018 would be worth about $17,929 on October 23, 2026 with distributions reinvested.
What was the worst year for JHEM?
The worst calendar year was 2022, with a total return of −17.9%. The best was 2025 at +30.5%.
What is the biggest drawdown of JHEM?
The largest peak-to-trough decline was −35.0% between January 13, 2020 and March 23, 2020. It recovered to the old high on November 11, 2020, 8 months after the bottom.
How volatile is JHEM?
Over the past 3 years JHEM had an annualized volatility of 14.8% and a Sharpe ratio of 1.11 (excess return over 1–3 month T-bills per unit of risk).