JVMRX vs. SCHM

Last updated Jun 23, 2026

JVMRX (John Hancock Disciplined Value Mid Cap Fund Class R6) and SCHM (Schwab US Mid-Cap ETF) are both funds - JVMRX is a Mid Cap Value Equities fund tracking the Russell Mid Cap Value Index, while SCHM is a Mid Cap Blend Equities fund tracking the Dow Jones US Total Stock Market Mid-Cap. Both are passively managed. Over the past 10 years, JVMRX returned 10.71%/yr vs 11.91%/yr for SCHM. Their correlation of 0.95 suggests significant overlap in exposure. JVMRX charges 0.74%/yr vs 0.04%/yr for SCHM.

Performance

JVMRX vs. SCHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Disciplined Value Mid Cap Fund Class R6 (JVMRX) and Schwab US Mid-Cap ETF (SCHM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JVMRX achieves a 8.92% return, which is significantly lower than SCHM's 21.21% return. Over the past 10 years, JVMRX has underperformed SCHM with an annualized return of 10.71%, while SCHM has yielded a comparatively higher 11.91% annualized return.

JVMRX

• 1D: 0.30%
• 1M: 2.50%
• YTD: 8.92%
• 6M: 7.36%
• 1Y: 17.12%
• 3Y*: 14.10%
• 5Y*: 9.74%
• 10Y*: 10.71%

SCHM

• 1D: 0.75%
• 1M: 4.69%
• YTD: 21.21%
• 6M: 18.53%
• 1Y: 34.77%
• 3Y*: 18.54%
• 5Y*: 8.58%
• 10Y*: 11.91%

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

JVMRX vs. SCHM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JVMRX John Hancock Disciplined Value Mid Cap Fund Class R6	8.92%	11.40%	10.59%	16.81%	-7.00%	26.95%	6.00%	30.26%	-14.75%	15.06%
SCHM Schwab US Mid-Cap ETF	21.21%	10.17%	11.98%	16.69%	-17.07%	19.36%	15.26%	27.48%	-8.77%	19.60%

Correlation

The correlation between JVMRX and SCHM is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 31, 2011	0.95

The correlation between JVMRX and SCHM has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

JVMRX vs. SCHM — Risk / Return Rank

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

JVMRX

JVMRX Risk / Return Rank: 28
JVMRX Sharpe Ratio Rank: 26
JVMRX Sortino Ratio Rank: 28
JVMRX Omega Ratio Rank: 24
JVMRX Calmar Ratio Rank: 33
JVMRX Martin Ratio Rank: 31

SCHM

SCHM Risk / Return Rank: 71
SCHM Sharpe Ratio Rank: 69
SCHM Sortino Ratio Rank: 69
SCHM Omega Ratio Rank: 64
SCHM Calmar Ratio Rank: 76
SCHM Martin Ratio Rank: 79

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.

JVMRX vs. SCHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value Mid Cap Fund Class R6 (JVMRX) and Schwab US Mid-Cap ETF (SCHM). 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.

	JVMRX	SCHM	Difference
Sharpe ratio: Return per unit of total volatility	1.36	2.16	-0.80
Sortino ratio: Return per unit of downside risk	2.05	3.00	-0.95
Omega ratio: Gain probability vs. loss probability	1.24	1.37	-0.13
Calmar ratio: Return relative to maximum drawdown	2.05	3.75	-1.70
Martin ratio: Return relative to average drawdown	6.61	14.98	-8.37

JVMRX vs. SCHM - Sharpe Ratio Comparison

The current JVMRX Sharpe Ratio is 1.36, which is lower than the SCHM Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of JVMRX and SCHM, 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

JVMRX vs. SCHM - Drawdown Comparison

The maximum JVMRX drawdown since its inception was -42.63%, roughly equal to the maximum SCHM drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for JVMRX and SCHM.

Drawdown Indicators

	JVMRX	SCHM	Difference
Max Drawdown Largest peak-to-trough decline	-42.63%	-42.43%	-0.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-9.32%	+0.71%
Max Drawdown (3Y) Largest decline over 3 years	-21.18%	-23.27%	+2.09%
Max Drawdown (5Y) Largest decline over 5 years	-21.18%	-26.46%	+5.28%
Max Drawdown (10Y) Largest decline over 10 years	-42.63%	-42.43%	-0.20%
Current Drawdown Current decline from peak	-1.25%	0.00%	-1.25%
Average Drawdown Average peak-to-trough decline	-4.36%	-5.64%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.33%	+0.34%

Volatility

JVMRX vs. SCHM - Volatility Comparison

The current volatility for John Hancock Disciplined Value Mid Cap Fund Class R6 (JVMRX) is 3.59%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 5.46%. This indicates that JVMRX experiences smaller price fluctuations and is considered to be less risky than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JVMRX	SCHM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	5.46%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	12.47%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	16.23%	-3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.40%	19.65%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.34%	20.51%	-0.17%

JVMRX vs. SCHM - Expense Ratio Comparison

JVMRX has a 0.74% expense ratio, which is higher than SCHM's 0.04% expense ratio.

Dividends

JVMRX vs. SCHM - Dividend Comparison

JVMRX's dividend yield for the trailing twelve months is around 8.59%, more than SCHM's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JVMRX John Hancock Disciplined Value Mid Cap Fund Class R6	8.59%	9.36%	12.17%	4.12%	5.38%	6.78%	1.22%	2.49%	14.01%	5.94%	1.91%	5.88%
SCHM Schwab US Mid-Cap ETF	1.20%	1.46%	1.43%	1.50%	1.67%	1.13%	1.31%	1.48%	1.56%	1.27%	1.51%	1.54%

Frequently Asked Questions

Can I hold both JVMRX and SCHM in my portfolio?

JVMRX and SCHM have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JVMRX or SCHM?

SCHM has higher volatility (5.46%) compared to JVMRX (3.59%). In terms of maximum drawdown, JVMRX dropped -42.63% vs SCHM's -42.43%.

Which has better risk-adjusted returns?

SCHM currently has the higher Sharpe Ratio (2.16 vs 1.36), 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.