JHMM vs. VOE
Compare and contrast key facts about John Hancock Multifactor Mid Cap ETF (JHMM) and Vanguard Mid-Cap Value ETF (VOE).
JHMM and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both JHMM and VOE 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 VOE.
Key characteristics
| JHMM | VOE | |
|---|---|---|
| YTD Return | 19.01% | 19.20% |
| 1Y Return | 30.99% | 29.58% |
| 3Y Return (Ann) | 4.62% | 6.55% |
| 5Y Return (Ann) | 11.48% | 10.46% |
| Sharpe Ratio | 2.27 | 2.56 |
| Sortino Ratio | 3.15 | 3.56 |
| Omega Ratio | 1.39 | 1.45 |
| Calmar Ratio | 2.29 | 3.18 |
| Martin Ratio | 12.76 | 15.63 |
| Ulcer Index | 2.47% | 1.92% |
| Daily Std Dev | 13.90% | 11.72% |
| Max Drawdown | -40.71% | -61.55% |
| Current Drawdown | -1.99% | -1.53% |
Correlation
The correlation between JHMM and VOE is 0.93, 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. VOE - Performance Comparison
The year-to-date returns for both investments are quite close, with JHMM having a 19.01% return and VOE slightly higher at 19.20%. 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. VOE - Expense Ratio Comparison
JHMM has a 0.42% expense ratio, which is higher than VOE's 0.07% expense ratio.
Risk-Adjusted Performance
JHMM vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Mid Cap ETF (JHMM) and Vanguard Mid-Cap Value ETF (VOE). 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. VOE - Dividend Comparison
JHMM's dividend yield for the trailing twelve months is around 0.98%, less than VOE's 2.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VOE Vanguard Mid-Cap Value ETF | 2.07% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
JHMM vs. VOE - Drawdown Comparison
The maximum JHMM drawdown since its inception was -40.71%, smaller than the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for JHMM and VOE. For additional features, visit the drawdowns tool.
Volatility
JHMM vs. VOE - Volatility Comparison
John Hancock Multifactor Mid Cap ETF (JHMM) has a higher volatility of 4.43% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.50%. This indicates that JHMM's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.