MYY vs. JHMM
MYY (ProShares Short S&P Mid Cap400) and JHMM (John Hancock Multifactor Mid Cap ETF) are both exchange-traded funds - MYY is a Inverse Equities fund tracking the S&P Mid Cap 400 (-100%), while JHMM is a Mid Cap Growth Equities fund tracking the John Hancock Dimensional Mid Cap Index. Both are passively managed. Over the past 10 years, MYY returned -11.38%/yr vs 12.21%/yr for JHMM. At a correlation of -0.96, they often move in opposite directions. MYY charges 0.95%/yr vs 0.42%/yr for JHMM.
Performance
MYY vs. JHMM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MYY achieves a -11.47% return, which is significantly lower than JHMM's 12.48% return. Over the past 10 years, MYY has underperformed JHMM with an annualized return of -11.38%, while JHMM has yielded a comparatively higher 12.21% annualized return.
MYY
- 1D
- 0.97%
- 1M
- -2.32%
- YTD
- -11.47%
- 6M
- -9.76%
- 1Y
- -16.72%
- 3Y*
- -9.96%
- 5Y*
- -6.13%
- 10Y*
- -11.38%
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%
MYY vs. JHMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | -11.47% | -4.05% | -7.08% | -9.46% | 10.23% | -23.04% | -25.94% | -19.98% | 12.79% | -14.63% |
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% |
Correlation
The correlation between MYY and JHMM is -0.97, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2015 | -0.96 |
The correlation between MYY and JHMM has been stable across timeframes, ranging from -0.98 to -0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MYY vs. JHMM — Risk / Return Rank
MYY
JHMM
MYY vs. JHMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P Mid Cap400 (MYY) and John Hancock Multifactor Mid Cap ETF (JHMM). 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.
| MYY | JHMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.29 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.74 | -3.70 |
| Martin ratioReturn relative to average drawdown | -1.82 | 10.54 | -12.36 |
Loading charts...
Drawdowns
MYY vs. JHMM - Drawdown Comparison
The maximum MYY drawdown since its inception was -95.14%, which is greater than JHMM's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for MYY and JHMM.
Loading charts...
Drawdown Indicators
| MYY | JHMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.14% | -40.71% | -54.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.48% | -8.64% | -8.84% |
Max Drawdown (3Y)Largest decline over 3 years | -34.39% | -21.88% | -12.51% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -24.10% | -12.97% |
Max Drawdown (10Y)Largest decline over 10 years | -71.61% | -40.71% | -30.90% |
Current DrawdownCurrent decline from peak | -95.09% | -1.27% | -93.82% |
Average DrawdownAverage peak-to-trough decline | -72.19% | -5.41% | -66.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.25% | 2.24% | +7.01% |
Volatility
MYY vs. JHMM - Volatility Comparison
ProShares Short S&P Mid Cap400 (MYY) and John Hancock Multifactor Mid Cap ETF (JHMM) have volatilities of 4.50% and 4.42%, 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.
Loading charts...
Volatility by Period
| MYY | JHMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 4.42% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 10.89% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 14.46% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.63% | 18.36% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.24% | 19.59% | +1.65% |
MYY vs. JHMM - Expense Ratio Comparison
MYY has a 0.95% expense ratio, which is higher than JHMM's 0.42% expense ratio.
Dividends
MYY vs. JHMM - Dividend Comparison
MYY's dividend yield for the trailing twelve months is around 4.47%, more than JHMM's 0.87% 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% |
MYY ProShares Short S&P Mid Cap400 | 4.47% | 4.20% | 4.92% | 5.08% | 0.40% | 0.00% | 0.05% | 1.52% | 0.34% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MYY and JHMM have a correlation of -0.97, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MYY has higher volatility (4.50%) compared to JHMM (4.42%). In terms of maximum drawdown, MYY dropped -95.14% vs JHMM's -40.71%.
On 10-year performance, JHMM leads with 12.21% vs -11.38% for MYY. On fees, JHMM is cheaper at 0.42% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, JHMM has performed better with a 12.21% return vs -11.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHMM is cheaper with a 0.42% expense ratio, compared with 0.95% for MYY.
MYY has the higher dividend yield at 4.47%, compared with 0.87% for JHMM.
MYY is categorized as Inverse Equities, while JHMM is Mid Cap Growth Equities. MYY tracks S&P Mid Cap 400 (-100%), while JHMM tracks John Hancock Dimensional Mid Cap Index. They also come from different issuers: ProShares and Manulife. Their fees differ too: 0.95% for MYY and 0.42% for JHMM.
JHMM currently has the higher Sharpe Ratio (1.64 vs -1.06), 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.
Find the right allocation for MYY and JHMM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer