JHMM vs. JPME
Compare and contrast key facts about John Hancock Multifactor Mid Cap ETF (JHMM) and JPMorgan Diversified Return US Mid Cap Equity ETF (JPME).
JHMM and JPME 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. JPME is a passively managed fund by JPMorgan Chase that tracks the performance of the JPMorgan Diversified Factor US Mid Cap Equity Index. It was launched on May 11, 2016. Both JHMM and JPME 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 JPME.
Key characteristics
| JHMM | JPME | |
|---|---|---|
| YTD Return | 19.01% | 17.54% |
| 1Y Return | 30.99% | 27.01% |
| 3Y Return (Ann) | 4.62% | 5.83% |
| 5Y Return (Ann) | 11.48% | 11.20% |
| Sharpe Ratio | 2.27 | 2.25 |
| Sortino Ratio | 3.15 | 3.17 |
| Omega Ratio | 1.39 | 1.39 |
| Calmar Ratio | 2.29 | 3.24 |
| Martin Ratio | 12.76 | 12.63 |
| Ulcer Index | 2.47% | 2.18% |
| Daily Std Dev | 13.90% | 12.22% |
| Max Drawdown | -40.71% | -41.01% |
| Current Drawdown | -1.99% | -1.92% |
Correlation
The correlation between JHMM and JPME is 0.95, 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. JPME - Performance Comparison
In the year-to-date period, JHMM achieves a 19.01% return, which is significantly higher than JPME's 17.54% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JHMM vs. JPME - Expense Ratio Comparison
JHMM has a 0.42% expense ratio, which is higher than JPME's 0.24% expense ratio.
Risk-Adjusted Performance
JHMM vs. JPME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Mid Cap ETF (JHMM) and JPMorgan Diversified Return US Mid Cap Equity ETF (JPME). 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. JPME - Dividend Comparison
JHMM's dividend yield for the trailing twelve months is around 0.98%, less than JPME's 1.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHMM John Hancock Multifactor Mid Cap ETF | 0.98% | 1.17% | 1.16% | 0.72% | 1.04% | 1.02% | 1.36% | 0.90% | 1.15% | 0.33% |
JPME JPMorgan Diversified Return US Mid Cap Equity ETF | 1.70% | 1.84% | 1.84% | 1.44% | 1.51% | 1.68% | 1.80% | 1.17% | 0.91% | 0.00% |
Drawdowns
JHMM vs. JPME - Drawdown Comparison
The maximum JHMM drawdown since its inception was -40.71%, roughly equal to the maximum JPME drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for JHMM and JPME. For additional features, visit the drawdowns tool.
Volatility
JHMM vs. JPME - Volatility Comparison
John Hancock Multifactor Mid Cap ETF (JHMM) has a higher volatility of 4.43% compared to JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) at 3.66%. This indicates that JHMM's price experiences larger fluctuations and is considered to be riskier than JPME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.