JHMM vs. FEMG

Last updated Jun 3, 2026

JHMM (John Hancock Multifactor Mid Cap ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. JHMM is passively managed, while FEMG is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. JHMM charges 0.42%/yr vs 0.23%/yr for FEMG.

Performance

JHMM vs. FEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Multifactor Mid Cap ETF (JHMM) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

FEMG

• 1D: -0.34%
• 1M: 4.84%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHMM vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
JHMM John Hancock Multifactor Mid Cap ETF	2.80%
FEMG Fidelity Enhanced Mid Cap Growth ETF	5.12%

Correlation

The correlation between JHMM and FEMG is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 1, 2026	0.69

JHMM vs. FEMG - Sectors Allocation Comparison

Sectors	JHMM	FEMG
Industrials	19.4%	26.5%
Technology	17.2%	24.0%
Financial Services	15.3%	6.0%
Consumer Cyclical	11.0%	17.4%
Healthcare	10.2%	12.6%
Utilities	5.4%	2.9%
Energy	5.4%	3.3%
Real Estate	5.4%	1.8%
Basic Materials	4.2%	0.7%
Consumer Defensive	3.7%	1.4%
Communication Services	2.7%	2.7%

Return for Risk

JHMM vs. FEMG — 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

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. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Mid Cap ETF (JHMM) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). 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	FEMG	Difference
Sharpe ratio Return per unit of total volatility	1.88	—	—
Sortino ratio Return per unit of downside risk	2.69	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	3.06	—	—
Martin ratio Return relative to average drawdown	11.85	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JHMM	FEMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
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	6.56	-5.93

Drawdowns

JHMM vs. FEMG - Drawdown Comparison

The maximum JHMM drawdown since its inception was -40.71%, which is greater than FEMG's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for JHMM and FEMG.

Drawdown Indicators

	JHMM	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	-40.71%	-3.29%	-37.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.71%	—	—
Current Drawdown Current decline from peak	0.00%	-0.34%	+0.34%
Average Drawdown Average peak-to-trough decline	-5.44%	-0.95%	-4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	—	—

Volatility

Volatility by Period

	JHMM	FEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	12.04%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	12.04%	+6.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	12.04%	+7.56%

JHMM vs. FEMG - Expense Ratio Comparison

JHMM has a 0.42% expense ratio, which is higher than FEMG's 0.23% expense ratio.

Dividends

JHMM vs. FEMG - Dividend Comparison

JHMM's dividend yield for the trailing twelve months is around 0.87%, while FEMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 FEMG in my portfolio?

JHMM and FEMG have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHMM or FEMG?

On fees, FEMG is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHMM or FEMG?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.42% for JHMM.

Which ETF pays a higher dividend yield, JHMM or FEMG?

JHMM has the higher dividend yield at 0.87%, compared with 0.00% for FEMG.

What is the main difference between JHMM and FEMG?

They also come from different issuers: Manulife and Fidelity. Their fees differ too: 0.42% for JHMM and 0.23% for FEMG.