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 -10.79%/yr vs 11.62%/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
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Returns By Period
In the year-to-date period, MYY achieves a -11.03% return, which is significantly lower than JHMM's 13.19% return. Over the past 10 years, MYY has underperformed JHMM with an annualized return of -10.79%, while JHMM has yielded a comparatively higher 11.62% annualized return.
MYY
- 1D
- 0.53%
- 1M
- 1.24%
- 6M
- -6.84%
- YTD
- -11.03%
- 1Y
- -13.14%
- 3Y*
- -8.04%
- 5Y*
- -6.30%
- 10Y*
- -10.79%
JHMM
- 1D
- -0.47%
- 1M
- -0.22%
- 6M
- 8.53%
- YTD
- 13.19%
- 1Y
- 20.20%
- 3Y*
- 14.60%
- 5Y*
- 8.62%
- 10Y*
- 11.62%
MYY vs. JHMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | -11.03% | -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 | 13.19% | 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.
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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 | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.25 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.35 | -3.07 |
| Martin ratioReturn relative to average drawdown | -1.36 | 9.02 | -10.38 |
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Drawdowns
MYY vs. JHMM - Drawdown Comparison
The maximum MYY drawdown since its inception was -95.20%, 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.
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Drawdown Indicators
| MYY | JHMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.20% | -40.71% | -54.49% |
Max Drawdown (1Y)Largest decline over 1 year | -18.25% | -8.64% | -9.61% |
Max Drawdown (3Y)Largest decline over 3 years | -35.14% | -21.88% | -13.26% |
Max Drawdown (5Y)Largest decline over 5 years | -37.79% | -24.10% | -13.69% |
Max Drawdown (10Y)Largest decline over 10 years | -71.93% | -40.71% | -31.22% |
Current DrawdownCurrent decline from peak | -95.07% | -1.51% | -93.56% |
Average DrawdownAverage peak-to-trough decline | -72.25% | -5.39% | -66.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.65% | 2.25% | +7.40% |
Volatility
MYY vs. JHMM - Volatility Comparison
ProShares Short S&P Mid Cap400 (MYY) has a higher volatility of 4.22% compared to John Hancock Multifactor Mid Cap ETF (JHMM) at 3.95%. This indicates that MYY's price experiences larger fluctuations and is considered to be riskier than JHMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYY | JHMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 3.95% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 10.76% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 14.45% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 18.35% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 19.54% | +1.67% |
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 4.29%, more than JHMM's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHMM John Hancock Multifactor Mid Cap ETF | 0.89% | 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 | 4.29% | 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 (4.22%) compared to JHMM (3.95%). In terms of maximum drawdown, MYY dropped -95.20% vs JHMM's -40.71%.
On 10-year performance, JHMM leads with 11.62% vs -10.79% for MYY. On fees, JHMM is cheaper at 0.42% per year. On volatility, JHMM has been the lower-risk option at 3.95%. 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 11.62% return vs -10.79%. 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 4.29%, compared with 0.89% 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 (1.41 vs -0.83), 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.
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