John Hancock Hedged Equity ETF (JHDG)

John Hancock Hedged Equity ETF is an actively managed fund from John Hancock Investment Management that combines a portfolio of U.S. large-cap stocks with an options overlay designed to soften market declines.

The options strategy typically involves buying put options for downside protection and selling call options to help pay for them, which reduces losses in falling markets at the cost of some upside in strong rallies. The fund aims for equity-like returns with lower volatility than a fully unhedged stock portfolio.