JHMM vs. MYY
JHMM (John Hancock Multifactor Mid Cap ETF) and MYY (ProShares Short S&P Mid Cap400) are both exchange-traded funds - JHMM is a Mid Cap Growth Equities fund tracking the John Hancock Dimensional Mid Cap Index, while MYY is a Inverse Equities fund tracking the S&P Mid Cap 400 (-100%). Both are passively managed. Over the past 10 years, JHMM returned 12.21%/yr vs -11.38%/yr for MYY. At a correlation of -0.96, they often move in opposite directions. JHMM charges 0.42%/yr vs 0.95%/yr for MYY.
Performance
JHMM vs. MYY - Performance Comparison
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Returns By Period
In the year-to-date period, JHMM achieves a 12.48% return, which is significantly higher than MYY's -11.47% return. Over the past 10 years, JHMM has outperformed MYY with an annualized return of 12.21%, while MYY has yielded a comparatively lower -11.38% annualized return.
JHMM
- 1D
- -0.78%
- 1M
- 1.45%
- YTD
- 12.48%
- 6M
- 10.73%
- 1Y
- 23.57%
- 3Y*
- 16.58%
- 5Y*
- 8.41%
- 10Y*
- 12.21%
MYY
- 1D
- 0.97%
- 1M
- -2.32%
- YTD
- -11.47%
- 6M
- -9.76%
- 1Y
- -16.72%
- 3Y*
- -9.96%
- 5Y*
- -6.13%
- 10Y*
- -11.38%
JHMM vs. MYY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHMM John Hancock Multifactor Mid Cap ETF | 12.48% | 10.73% | 14.61% | 14.53% | -15.30% | 24.54% | 16.22% | 30.01% | -9.57% | 19.96% |
MYY ProShares Short S&P Mid Cap400 | -11.47% | -4.05% | -7.08% | -9.46% | 10.23% | -23.04% | -25.94% | -19.98% | 12.79% | -14.63% |
Correlation
The correlation between JHMM and MYY is -0.97, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2015 | -0.96 |
The correlation between JHMM and MYY has been stable across timeframes, ranging from -0.98 to -0.96 - a consistent structural relationship.
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Return for Risk
JHMM vs. MYY — Risk / Return Rank
JHMM
MYY
JHMM vs. MYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Mid Cap ETF (JHMM) and ProShares Short S&P Mid Cap400 (MYY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JHMM | MYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.84 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | -0.96 | +3.70 |
| Martin ratioReturn relative to average drawdown | 10.54 | -1.82 | +12.36 |
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Drawdowns
JHMM vs. MYY - Drawdown Comparison
The maximum JHMM drawdown since its inception was -40.71%, smaller than the maximum MYY drawdown of -95.14%. Use the drawdown chart below to compare losses from any high point for JHMM and MYY.
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Drawdown Indicators
| JHMM | MYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.71% | -95.14% | +54.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -17.48% | +8.84% |
Max Drawdown (3Y)Largest decline over 3 years | -21.88% | -34.39% | +12.51% |
Max Drawdown (5Y)Largest decline over 5 years | -24.10% | -37.07% | +12.97% |
Max Drawdown (10Y)Largest decline over 10 years | -40.71% | -71.61% | +30.90% |
Current DrawdownCurrent decline from peak | -1.27% | -95.09% | +93.82% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -72.19% | +66.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 9.25% | -7.01% |
Volatility
JHMM vs. MYY - Volatility Comparison
John Hancock Multifactor Mid Cap ETF (JHMM) and ProShares Short S&P Mid Cap400 (MYY) have volatilities of 4.42% and 4.50%, 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.
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Volatility by Period
| JHMM | MYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.50% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 11.75% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.46% | 15.86% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 19.63% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 21.24% | -1.65% |
JHMM vs. MYY - Expense Ratio Comparison
JHMM has a 0.42% expense ratio, which is lower than MYY's 0.95% expense ratio.
Dividends
JHMM vs. MYY - Dividend Comparison
JHMM's dividend yield for the trailing twelve months is around 0.87%, less than MYY's 4.47% 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% |
MYY ProShares Short S&P Mid Cap400 | 4.47% | 4.20% | 4.92% | 5.08% | 0.40% | 0.00% | 0.05% | 1.52% | 0.34% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JHMM and MYY have a correlation of -0.97, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MYY has higher volatility (4.50%) compared to JHMM (4.42%). In terms of maximum drawdown, JHMM dropped -40.71% vs MYY's -95.14%.
On 10-year performance, JHMM leads with 12.21% vs -11.38% for MYY. On fees, JHMM is cheaper at 0.42% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, JHMM has performed better with a 12.21% return vs -11.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHMM is cheaper with a 0.42% expense ratio, compared with 0.95% for MYY.
MYY has the higher dividend yield at 4.47%, compared with 0.87% for JHMM.
JHMM is categorized as Mid Cap Growth Equities, while MYY is Inverse Equities. JHMM tracks John Hancock Dimensional Mid Cap Index, while MYY tracks S&P Mid Cap 400 (-100%). They also come from different issuers: Manulife and ProShares. Their fees differ too: 0.42% for JHMM and 0.95% for MYY.
JHMM currently has the higher Sharpe Ratio (1.64 vs -1.06), 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.
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