JHMM vs. IVV
Compare and contrast key facts about John Hancock Multifactor Mid Cap ETF (JHMM) and iShares Core S&P 500 ETF (IVV).
JHMM and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHMM is a passively managed fund by Manulife that tracks the performance of the John Hancock Dimensional Mid Cap Index. It was launched on Sep 28, 2015. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both JHMM and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHMM or IVV.
Correlation
The correlation between JHMM and IVV is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JHMM vs. IVV - Performance Comparison
Key characteristics
JHMM:
1.02
IVV:
1.98
JHMM:
1.48
IVV:
2.65
JHMM:
1.18
IVV:
1.37
JHMM:
1.84
IVV:
2.94
JHMM:
5.46
IVV:
13.04
JHMM:
2.63%
IVV:
1.90%
JHMM:
14.04%
IVV:
12.49%
JHMM:
-40.71%
IVV:
-55.25%
JHMM:
-7.81%
IVV:
-3.59%
Returns By Period
In the year-to-date period, JHMM achieves a 13.94% return, which is significantly lower than IVV's 24.54% return.
JHMM
13.94%
-3.66%
8.67%
16.29%
9.89%
N/A
IVV
24.54%
-0.72%
7.89%
26.53%
14.53%
12.94%
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JHMM vs. IVV - Expense Ratio Comparison
JHMM has a 0.42% expense ratio, which is higher than IVV's 0.03% expense ratio.
Risk-Adjusted Performance
JHMM vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Mid Cap ETF (JHMM) and iShares Core S&P 500 ETF (IVV). 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.
Dividends
JHMM vs. IVV - Dividend Comparison
JHMM's dividend yield for the trailing twelve months is around 1.02%, less than IVV's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHMM John Hancock Multifactor Mid Cap ETF | 1.02% | 1.17% | 1.16% | 0.72% | 1.04% | 1.02% | 1.36% | 0.90% | 1.15% | 0.33% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
JHMM vs. IVV - Drawdown Comparison
The maximum JHMM drawdown since its inception was -40.71%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for JHMM and IVV. For additional features, visit the drawdowns tool.
Volatility
JHMM vs. IVV - Volatility Comparison
John Hancock Multifactor Mid Cap ETF (JHMM) has a higher volatility of 4.68% compared to iShares Core S&P 500 ETF (IVV) at 3.58%. This indicates that JHMM's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.