JHMM vs. BMSLX

Last updated Jun 3, 2026

JHMM (John Hancock Multifactor Mid Cap ETF) and BMSLX (MFS Blended Research Mid Cap Equity Fund) are both funds - JHMM is a Mid Cap Growth Equities fund tracking the John Hancock Dimensional Mid Cap Index, while BMSLX is a Mid Cap Blend Equities fund managed by MFS. Over the past 5 years, JHMM returned 8.57%/yr vs 10.48%/yr for BMSLX. With a 0.97 correlation, they move nearly in lockstep. JHMM charges 0.42%/yr vs 0.59%/yr for BMSLX.

Performance

JHMM vs. BMSLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Multifactor Mid Cap ETF (JHMM) and MFS Blended Research Mid Cap Equity Fund (BMSLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JHMM having a 12.87% return and BMSLX slightly higher at 13.03%.

JHMM

• 1D: 1.01%
• 1M: 2.92%
• YTD: 12.87%
• 6M: 14.13%
• 1Y: 26.43%
• 3Y*: 17.11%
• 5Y*: 8.57%
• 10Y*: 11.91%

BMSLX

• 1D: 0.48%
• 1M: 4.10%
• YTD: 13.03%
• 6M: 13.86%
• 1Y: 21.91%
• 3Y*: 18.66%
• 5Y*: 10.48%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JHMM vs. BMSLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHMM John Hancock Multifactor Mid Cap ETF	12.87%	10.73%	14.61%	14.53%	-15.30%	24.54%	16.22%	30.01%	-9.57%	19.96%
BMSLX MFS Blended Research Mid Cap Equity Fund	13.03%	8.08%	19.25%	19.81%	-13.70%	26.54%	10.44%	30.21%	-11.11%	18.04%

Correlation

The correlation between JHMM and BMSLX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 24, 2016	0.97

The correlation between JHMM and BMSLX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

JHMM vs. BMSLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHMM

JHMM Risk / Return Rank: 57
JHMM Sharpe Ratio Rank: 54
JHMM Sortino Ratio Rank: 56
JHMM Omega Ratio Rank: 52
JHMM Calmar Ratio Rank: 61
JHMM Martin Ratio Rank: 64

BMSLX

BMSLX Risk / Return Rank: 31
BMSLX Sharpe Ratio Rank: 28
BMSLX Sortino Ratio Rank: 29
BMSLX Omega Ratio Rank: 27
BMSLX Calmar Ratio Rank: 37
BMSLX Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JHMM vs. BMSLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Mid Cap ETF (JHMM) and MFS Blended Research Mid Cap Equity Fund (BMSLX). 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.

	JHMM	BMSLX	Difference
Sharpe ratio Return per unit of total volatility	1.88	1.53	+0.35
Sortino ratio Return per unit of downside risk	2.69	2.27	+0.42
Omega ratio Gain probability vs. loss probability	1.33	1.27	+0.05
Calmar ratio Return relative to maximum drawdown	3.06	2.35	+0.70
Martin ratio Return relative to average drawdown	11.85	8.05	+3.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHMM vs. BMSLX - Sharpe Ratio Comparison

The current JHMM Sharpe Ratio is 1.88, which is comparable to the BMSLX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of JHMM and BMSLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JHMM	BMSLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	1.53	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.57	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.60	+0.03

Drawdowns

JHMM vs. BMSLX - Drawdown Comparison

The maximum JHMM drawdown since its inception was -40.71%, roughly equal to the maximum BMSLX drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for JHMM and BMSLX.

Drawdown Indicators

	JHMM	BMSLX	Difference
Max Drawdown Largest peak-to-trough decline	-40.71%	-41.06%	+0.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-9.17%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	-22.28%	+0.40%
Max Drawdown (5Y) Largest decline over 5 years	-24.10%	-22.28%	-1.82%
Max Drawdown (10Y) Largest decline over 10 years	-40.71%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.44%	-5.05%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.68%	-0.45%

Volatility

JHMM vs. BMSLX - Volatility Comparison

John Hancock Multifactor Mid Cap ETF (JHMM) and MFS Blended Research Mid Cap Equity Fund (BMSLX) have volatilities of 3.85% and 3.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHMM	BMSLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	3.73%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	10.72%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	14.32%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	18.43%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	19.73%	-0.13%

JHMM vs. BMSLX - Expense Ratio Comparison

JHMM has a 0.42% expense ratio, which is lower than BMSLX's 0.59% expense ratio.

Dividends

JHMM vs. BMSLX - Dividend Comparison

JHMM's dividend yield for the trailing twelve months is around 0.87%, less than BMSLX's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMSLX MFS Blended Research Mid Cap Equity Fund	2.73%	3.08%	10.98%	2.32%	5.15%	23.06%	0.94%	4.90%	8.27%	2.63%	0.47%	0.00%
JHMM John Hancock Multifactor Mid Cap ETF	0.87%	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

Can I hold both JHMM and BMSLX in my portfolio?

With a correlation of 0.96, JHMM and BMSLX 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.

Which is riskier, JHMM or BMSLX?

JHMM has higher volatility (3.85%) compared to BMSLX (3.73%). In terms of maximum drawdown, JHMM dropped -40.71% vs BMSLX's -41.06%.

Which has better risk-adjusted returns?

JHMM currently has the higher Sharpe Ratio (1.88 vs 1.53), 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.