JHMM vs. OTCAX

Last updated Jun 24, 2026

JHMM (John Hancock Multifactor Mid Cap ETF) and OTCAX (MFS Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, JHMM returned 12.21%/yr vs 12.74%/yr for OTCAX. Their correlation of 0.86 suggests significant overlap in exposure. JHMM charges 0.42%/yr vs 1.00%/yr for OTCAX.

Performance

JHMM vs. OTCAX - Performance Comparison

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

Returns By Period

In the year-to-date period, JHMM achieves a 12.48% return, which is significantly higher than OTCAX's 5.94% return. Both investments have delivered pretty close results over the past 10 years, with JHMM having a 12.21% annualized return and OTCAX not far ahead at 12.74%.

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%

OTCAX

• 1D: 0.41%
• 1M: 4.21%
• YTD: 5.94%
• 6M: 4.08%
• 1Y: 3.77%
• 3Y*: 14.41%
• 5Y*: 5.02%
• 10Y*: 12.74%

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

JHMM vs. OTCAX - 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%
OTCAX MFS Mid Cap Growth Fund	5.94%	3.32%	23.47%	21.00%	-28.53%	13.66%	35.34%	37.43%	0.82%	25.95%

Correlation

The correlation between JHMM and OTCAX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 29, 2015	0.86

The correlation between JHMM and OTCAX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

Return for Risk

JHMM vs. OTCAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHMM

JHMM Risk / Return Rank: 54
JHMM Sharpe Ratio Rank: 50
JHMM Sortino Ratio Rank: 51
JHMM Omega Ratio Rank: 47
JHMM Calmar Ratio Rank: 59
JHMM Martin Ratio Rank: 62

OTCAX

OTCAX Risk / Return Rank: 4
OTCAX Sharpe Ratio Rank: 4
OTCAX Sortino Ratio Rank: 5
OTCAX Omega Ratio Rank: 4
OTCAX Calmar Ratio Rank: 4
OTCAX Martin Ratio Rank: 4

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. OTCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Mid Cap ETF (JHMM) and MFS Mid Cap Growth Fund (OTCAX). 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	OTCAX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	0.27	+1.37
Sortino ratio: Return per unit of downside risk	2.36	0.50	+1.86
Omega ratio: Gain probability vs. loss probability	1.29	1.06	+0.23
Calmar ratio: Return relative to maximum drawdown	2.74	0.28	+2.46
Martin ratio: Return relative to average drawdown	10.54	0.71	+9.82

JHMM vs. OTCAX - Sharpe Ratio Comparison

The current JHMM Sharpe Ratio is 1.64, which is higher than the OTCAX Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of JHMM and OTCAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JHMM vs. OTCAX - Drawdown Comparison

The maximum JHMM drawdown since its inception was -40.71%, smaller than the maximum OTCAX drawdown of -74.39%. Use the drawdown chart below to compare losses from any high point for JHMM and OTCAX.

Drawdown Indicators

	JHMM	OTCAX	Difference
Max Drawdown Largest peak-to-trough decline	-40.71%	-74.39%	+33.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-16.46%	+7.82%
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	-21.05%	-0.83%
Max Drawdown (5Y) Largest decline over 5 years	-24.10%	-36.85%	+12.75%
Max Drawdown (10Y) Largest decline over 10 years	-40.71%	-36.85%	-3.86%
Current Drawdown Current decline from peak	-1.27%	-2.03%	+0.76%
Average Drawdown Average peak-to-trough decline	-5.41%	-23.10%	+17.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	6.47%	-4.23%

Volatility

JHMM vs. OTCAX - Volatility Comparison

The current volatility for John Hancock Multifactor Mid Cap ETF (JHMM) is 4.42%, while MFS Mid Cap Growth Fund (OTCAX) has a volatility of 6.02%. This indicates that JHMM experiences smaller price fluctuations and is considered to be less risky than OTCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHMM	OTCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	6.02%	-1.60%
Volatility (6M) Calculated over the trailing 6-month period	10.89%	14.16%	-3.27%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	17.32%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	20.30%	-1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	20.03%	-0.44%

JHMM vs. OTCAX - Expense Ratio Comparison

JHMM has a 0.42% expense ratio, which is lower than OTCAX's 1.00% expense ratio.

Dividends

JHMM vs. OTCAX - Dividend Comparison

JHMM's dividend yield for the trailing twelve months is around 0.87%, less than OTCAX's 15.82% 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%
OTCAX MFS Mid Cap Growth Fund	15.82%	16.76%	15.59%	0.00%	0.00%	3.64%	0.83%	0.86%	4.70%	8.80%	5.67%	2.84%

Frequently Asked Questions

Can I hold both JHMM and OTCAX in my portfolio?

JHMM and OTCAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHMM or OTCAX?

OTCAX has higher volatility (6.02%) compared to JHMM (4.42%). In terms of maximum drawdown, JHMM dropped -40.71% vs OTCAX's -74.39%.

Which has better risk-adjusted returns?

JHMM currently has the higher Sharpe Ratio (1.64 vs 0.27), 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.