JHMM vs. JHSC

Last updated Jun 3, 2026

JHMM (John Hancock Multifactor Mid Cap ETF) and JHSC (John Hancock Multifactor Small Cap ETF) are both exchange-traded funds - JHMM is a Mid Cap Growth Equities fund tracking the John Hancock Dimensional Mid Cap Index, while JHSC is a Small Cap Growth Equities fund tracking the John Hancock Dimensional Small Cap Index. Both are passively managed. Over the past 5 years, JHMM returned 8.57%/yr vs 7.29%/yr for JHSC. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.42% expense ratio.

Performance

JHMM vs. JHSC - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with JHMM having a 12.87% return and JHSC slightly lower at 12.41%.

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%

JHSC

• 1D: 0.64%
• 1M: 2.00%
• YTD: 12.41%
• 6M: 12.95%
• 1Y: 27.02%
• 3Y*: 14.81%
• 5Y*: 7.29%
• 10Y*: —

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

JHMM vs. JHSC - 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%	4.25%
JHSC John Hancock Multifactor Small Cap ETF	12.41%	6.88%	9.74%	20.77%	-14.65%	19.55%	11.60%	24.43%	-12.50%	4.48%

Correlation

The correlation between JHMM and JHSC is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.95

The correlation between JHMM and JHSC has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

JHMM vs. JHSC - Sectors Allocation Comparison

Sectors	JHMM	JHSC
Industrials	19.4%	16.8%
Technology	17.2%	14.1%
Financial Services	15.3%	18.3%
Consumer Cyclical	11.0%	14.1%
Healthcare	10.2%	7.4%
Utilities	5.4%	4.2%
Energy	5.4%	7.5%
Real Estate	5.4%	6.0%
Basic Materials	4.2%	5.1%
Consumer Defensive	3.7%	3.4%
Communication Services	2.7%	3.0%

Return for Risk

JHMM vs. JHSC — 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

JHSC

JHSC Risk / Return Rank: 50
JHSC Sharpe Ratio Rank: 47
JHSC Sortino Ratio Rank: 49
JHSC Omega Ratio Rank: 45
JHSC Calmar Ratio Rank: 55
JHSC Martin Ratio Rank: 55

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. JHSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Mid Cap ETF (JHMM) and John Hancock Multifactor Small Cap ETF (JHSC). 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	JHSC	Difference
Sharpe ratio Return per unit of total volatility	1.88	1.67	+0.21
Sortino ratio Return per unit of downside risk	2.69	2.45	+0.23
Omega ratio Gain probability vs. loss probability	1.33	1.29	+0.04
Calmar ratio Return relative to maximum drawdown	3.06	2.77	+0.28
Martin ratio Return relative to average drawdown	11.85	9.60	+2.24
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. JHSC - Sharpe Ratio Comparison

The current JHMM Sharpe Ratio is 1.88, which is comparable to the JHSC Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of JHMM and JHSC, 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	JHSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	1.67	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.36	+0.11
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	0.40	+0.23

Drawdowns

JHMM vs. JHSC - Drawdown Comparison

The maximum JHMM drawdown since its inception was -40.71%, roughly equal to the maximum JHSC drawdown of -42.66%. Use the drawdown chart below to compare losses from any high point for JHMM and JHSC.

Drawdown Indicators

	JHMM	JHSC	Difference
Max Drawdown Largest peak-to-trough decline	-40.71%	-42.66%	+1.95%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-9.63%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	-25.16%	+3.28%
Max Drawdown (5Y) Largest decline over 5 years	-24.10%	-25.21%	+1.11%
Max Drawdown (10Y) Largest decline over 10 years	-40.71%	—	—
Current Drawdown Current decline from peak	0.00%	-0.04%	+0.04%
Average Drawdown Average peak-to-trough decline	-5.44%	-7.78%	+2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.78%	-0.55%

Volatility

JHMM vs. JHSC - Volatility Comparison

The current volatility for John Hancock Multifactor Mid Cap ETF (JHMM) is 3.85%, while John Hancock Multifactor Small Cap ETF (JHSC) has a volatility of 4.17%. This indicates that JHMM experiences smaller price fluctuations and is considered to be less risky than JHSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHMM	JHSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	4.17%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	11.09%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	16.25%	-2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	20.15%	-1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	22.21%	-2.61%

JHMM vs. JHSC - Expense Ratio Comparison

Both JHMM and JHSC have an expense ratio of 0.42%.

Dividends

JHMM vs. JHSC - Dividend Comparison

JHMM's dividend yield for the trailing twelve months is around 0.87%, less than JHSC's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
JHSC John Hancock Multifactor Small Cap ETF	1.00%	1.13%	0.96%	0.98%	1.13%	1.08%	1.12%	1.14%	1.09%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHMM and JHSC in my portfolio?

With a correlation of 0.94, JHMM and JHSC 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 JHSC?

JHSC has higher volatility (4.17%) compared to JHMM (3.85%). In terms of maximum drawdown, JHMM dropped -40.71% vs JHSC's -42.66%.

Which ETF is better, JHMM or JHSC?

On 5-year performance, JHMM leads with 8.57% vs 7.29% for JHSC. Both ETFs have the same 0.42% expense ratio. On volatility, JHMM has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHMM or JHSC?

Over the 5-year period, JHMM has performed better with a 8.57% return vs 7.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHMM or JHSC?

JHMM and JHSC have the same expense ratio: 0.42% per year.

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

JHSC has the higher dividend yield at 1.00%, compared with 0.87% for JHMM.

What is the main difference between JHMM and JHSC?

JHMM is categorized as Mid Cap Growth Equities, while JHSC is Small Cap Growth Equities. JHMM tracks John Hancock Dimensional Mid Cap Index, while JHSC tracks John Hancock Dimensional Small Cap Index.

Which has better risk-adjusted returns?

JHMM currently has the higher Sharpe Ratio (1.88 vs 1.67), 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.