JHMM vs. QMID

Last updated Jun 3, 2026

JHMM (John Hancock Multifactor Mid Cap ETF) and QMID (WisdomTree U.S. MidCap Quality Growth Fund) are both Mid Cap Growth Equities funds - JHMM tracks the John Hancock Dimensional Mid Cap Index while QMID tracks the WisdomTree U.S. MidCap Quality Growth Index. Both are passively managed. Over the past year, JHMM returned 26.43% vs 13.12% for QMID. Their correlation of 0.94 suggests significant overlap in exposure. JHMM charges 0.42%/yr vs 0.38%/yr for QMID.

Performance

JHMM vs. QMID - Performance Comparison

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

Returns By Period

In the year-to-date period, JHMM achieves a 12.87% return, which is significantly higher than QMID's 2.79% return.

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%

QMID

• 1D: -0.56%
• 1M: 1.74%
• YTD: 2.79%
• 6M: 2.15%
• 1Y: 13.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHMM vs. QMID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JHMM John Hancock Multifactor Mid Cap ETF	12.87%	10.73%	15.22%
QMID WisdomTree U.S. MidCap Quality Growth Fund	2.79%	5.02%	9.33%

Correlation

The correlation between JHMM and QMID is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024	0.94

The correlation between JHMM and QMID has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

JHMM vs. QMID - Sectors Allocation Comparison

Sectors	JHMM	QMID
Industrials	19.4%	23.6%
Technology	17.2%	16.3%
Financial Services	15.3%	12.5%
Consumer Cyclical	11.0%	18.2%
Healthcare	10.2%	14.5%
Utilities	5.4%	-
Energy	5.4%	3.3%
Real Estate	5.4%	-
Basic Materials	4.2%	2.1%
Consumer Defensive	3.7%	6.4%
Communication Services	2.7%	3.1%

Return for Risk

JHMM vs. QMID — 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

QMID

QMID Risk / Return Rank: 25
QMID Sharpe Ratio Rank: 25
QMID Sortino Ratio Rank: 25
QMID Omega Ratio Rank: 23
QMID Calmar Ratio Rank: 25
QMID Martin Ratio Rank: 28

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. QMID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Mid Cap ETF (JHMM) and WisdomTree U.S. MidCap Quality Growth Fund (QMID). 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	QMID	Difference
Sharpe ratio Return per unit of total volatility	1.88	0.88	+1.00
Sortino ratio Return per unit of downside risk	2.69	1.37	+1.32
Omega ratio Gain probability vs. loss probability	1.33	1.15	+0.18
Calmar ratio Return relative to maximum drawdown	3.06	1.20	+1.85
Martin ratio Return relative to average drawdown	11.85	4.13	+7.72
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. QMID - Sharpe Ratio Comparison

The current JHMM Sharpe Ratio is 1.88, which is higher than the QMID Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of JHMM and QMID, 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	QMID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	0.88	+1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
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. QMID - Drawdown Comparison

The maximum JHMM drawdown since its inception was -40.71%, which is greater than QMID's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for JHMM and QMID.

Drawdown Indicators

	JHMM	QMID	Difference
Max Drawdown Largest peak-to-trough decline	-40.71%	-24.42%	-16.29%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-10.67%	+2.03%
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.71%	—	—
Current Drawdown Current decline from peak	0.00%	-1.46%	+1.46%
Average Drawdown Average peak-to-trough decline	-5.44%	-5.49%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	3.12%	-0.89%

Volatility

JHMM vs. QMID - Volatility Comparison

John Hancock Multifactor Mid Cap ETF (JHMM) and WisdomTree U.S. MidCap Quality Growth Fund (QMID) have volatilities of 3.85% and 3.77%, 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.

Volatility by Period

	JHMM	QMID	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	3.77%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	10.47%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	14.97%	-0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	18.53%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	18.53%	+1.07%

JHMM vs. QMID - Expense Ratio Comparison

JHMM has a 0.42% expense ratio, which is higher than QMID's 0.38% expense ratio.

Dividends

JHMM vs. QMID - Dividend Comparison

JHMM's dividend yield for the trailing twelve months is around 0.87%, more than QMID's 0.50% 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%
QMID WisdomTree U.S. MidCap Quality Growth Fund	0.50%	0.51%	1.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHMM and QMID in my portfolio?

With a correlation of 0.91, JHMM and QMID 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 QMID?

JHMM has higher volatility (3.85%) compared to QMID (3.77%). In terms of maximum drawdown, JHMM dropped -40.71% vs QMID's -24.42%.

Which ETF is better, JHMM or QMID?

On 1-year performance, JHMM leads with 26.43% vs 13.12% for QMID. On fees, QMID is cheaper at 0.38% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHMM or QMID?

Over the 1-year period, JHMM has performed better with a 26.43% return vs 13.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHMM or QMID?

QMID is cheaper with a 0.38% expense ratio, compared with 0.42% for JHMM.

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

JHMM has the higher dividend yield at 0.87%, compared with 0.50% for QMID.

What is the main difference between JHMM and QMID?

JHMM tracks John Hancock Dimensional Mid Cap Index, while QMID tracks WisdomTree U.S. MidCap Quality Growth Index. They also come from different issuers: Manulife and WisdomTree. Their fees differ too: 0.42% for JHMM and 0.38% for QMID.

Which has better risk-adjusted returns?

JHMM currently has the higher Sharpe Ratio (1.88 vs 0.88), 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.