JHMM vs. OTCAX
Compare and contrast key facts about John Hancock Multifactor Mid Cap ETF (JHMM) and MFS Mid Cap Growth Fund (OTCAX).
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. OTCAX is managed by MFS. It was launched on Dec 1, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHMM or OTCAX.
Key characteristics
| JHMM | OTCAX | |
|---|---|---|
| YTD Return | 3.85% | 5.16% |
| 1Y Return | 18.24% | 21.47% |
| 3Y Return (Ann) | 2.95% | -0.32% |
| 5Y Return (Ann) | 9.60% | 9.18% |
| Sharpe Ratio | 1.10 | 1.31 |
| Daily Std Dev | 14.45% | 13.89% |
| Max Drawdown | -40.71% | -73.07% |
| Current Drawdown | -4.69% | -11.77% |
Correlation
The correlation between JHMM and OTCAX is 0.86, 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. OTCAX - Performance Comparison
In the year-to-date period, JHMM achieves a 3.85% return, which is significantly lower than OTCAX's 5.16% 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. OTCAX - Expense Ratio Comparison
JHMM has a 0.42% expense ratio, which is lower than OTCAX's 1.00% expense ratio.
Risk-Adjusted Performance
JHMM vs. OTCAX - Risk-Adjusted Performance 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.
Dividends
JHMM vs. OTCAX - Dividend Comparison
JHMM's dividend yield for the trailing twelve months is around 1.13%, while OTCAX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JHMM John Hancock Multifactor Mid Cap ETF | 1.13% | 1.17% | 1.16% | 0.72% | 1.04% | 1.02% | 1.36% | 0.90% | 1.15% | 0.33% | 0.00% |
OTCAX MFS Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 3.64% | 0.83% | 0.86% | 4.70% | 8.80% | 5.67% | 2.84% | 7.09% |
Drawdowns
JHMM vs. OTCAX - Drawdown Comparison
The maximum JHMM drawdown since its inception was -40.71%, smaller than the maximum OTCAX drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for JHMM and OTCAX. For additional features, visit the drawdowns tool.
Volatility
JHMM vs. OTCAX - Volatility Comparison
The current volatility for John Hancock Multifactor Mid Cap ETF (JHMM) is 4.03%, while MFS Mid Cap Growth Fund (OTCAX) has a volatility of 4.48%. 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.