IVOG vs. JHMM
IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) and JHMM (John Hancock Multifactor Mid Cap ETF) are both Mid Cap Growth Equities funds - IVOG tracks the S&P MidCap 400 Growth Index while JHMM tracks the John Hancock Dimensional Mid Cap Index. Both are passively managed. Over the past 10 years, IVOG returned 11.06%/yr vs 11.62%/yr for JHMM. With a 0.95 correlation, they move nearly in lockstep. IVOG charges 0.10%/yr vs 0.42%/yr for JHMM.
Performance
IVOG vs. JHMM - Performance Comparison
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Returns By Period
In the year-to-date period, IVOG achieves a 16.96% return, which is significantly higher than JHMM's 13.19% return. Over the past 10 years, IVOG has underperformed JHMM with an annualized return of 11.06%, while JHMM has yielded a comparatively higher 11.62% annualized return.
IVOG
- 1D
- -1.05%
- 1M
- -1.65%
- 6M
- 11.10%
- YTD
- 16.96%
- 1Y
- 23.29%
- 3Y*
- 14.86%
- 5Y*
- 8.21%
- 10Y*
- 11.06%
JHMM
- 1D
- -0.47%
- 1M
- -0.22%
- 6M
- 8.53%
- YTD
- 13.19%
- 1Y
- 20.20%
- 3Y*
- 14.60%
- 5Y*
- 8.62%
- 10Y*
- 11.62%
IVOG vs. JHMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 16.96% | 7.34% | 15.62% | 17.36% | -19.08% | 18.85% | 22.60% | 26.13% | -10.58% | 19.90% |
JHMM John Hancock Multifactor Mid Cap ETF | 13.19% | 10.73% | 14.61% | 14.53% | -15.30% | 24.54% | 16.22% | 30.01% | -9.57% | 19.96% |
Correlation
The correlation between IVOG and JHMM is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2015 | 0.95 |
The correlation between IVOG and JHMM has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
IVOG vs. JHMM — Risk / Return Rank
IVOG
JHMM
IVOG vs. JHMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) and John Hancock Multifactor Mid Cap ETF (JHMM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVOG | JHMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.35 | +0.07 |
| Martin ratioReturn relative to average drawdown | 9.23 | 9.02 | +0.22 |
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Drawdowns
IVOG vs. JHMM - Drawdown Comparison
The maximum IVOG drawdown since its inception was -39.32%, roughly equal to the maximum JHMM drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for IVOG and JHMM.
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Drawdown Indicators
| IVOG | JHMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -40.71% | +1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -8.64% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -25.61% | -21.88% | -3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -24.10% | -5.21% |
Max Drawdown (10Y)Largest decline over 10 years | -39.32% | -40.71% | +1.39% |
Current DrawdownCurrent decline from peak | -3.90% | -1.51% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -5.39% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.25% | +0.28% |
Volatility
IVOG vs. JHMM - Volatility Comparison
Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) has a higher volatility of 5.56% compared to John Hancock Multifactor Mid Cap ETF (JHMM) at 3.95%. This indicates that IVOG's price experiences larger fluctuations and is considered to be riskier than JHMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOG | JHMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 3.95% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | 10.76% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 14.45% | +3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 18.35% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 19.54% | +1.05% |
IVOG vs. JHMM - Expense Ratio Comparison
IVOG has a 0.10% expense ratio, which is lower than JHMM's 0.42% expense ratio.
Dividends
IVOG vs. JHMM - Dividend Comparison
IVOG's dividend yield for the trailing twelve months is around 0.55%, less than JHMM's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.55% | 0.64% | 0.79% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.11% | 1.04% |
JHMM John Hancock Multifactor Mid Cap ETF | 0.89% | 0.98% | 1.01% | 1.17% | 1.16% | 0.72% | 1.04% | 1.02% | 1.36% | 0.90% | 1.15% | 0.33% |
Frequently Asked Questions
With a correlation of 0.93, IVOG and JHMM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IVOG has higher volatility (5.56%) compared to JHMM (3.95%). In terms of maximum drawdown, IVOG dropped -39.32% vs JHMM's -40.71%.
On 10-year performance, JHMM leads with 11.62% vs 11.06% for IVOG. On fees, IVOG is cheaper at 0.10% per year. On volatility, JHMM has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, JHMM has performed better with a 11.62% return vs 11.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVOG is cheaper with a 0.10% expense ratio, compared with 0.42% for JHMM.
JHMM has the higher dividend yield at 0.89%, compared with 0.55% for IVOG.
IVOG tracks S&P MidCap 400 Growth Index, while JHMM tracks John Hancock Dimensional Mid Cap Index. They also come from different issuers: Vanguard and Manulife. Their fees differ too: 0.10% for IVOG and 0.42% for JHMM.
JHMM currently has the higher Sharpe Ratio (1.41 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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