SIJ vs. JHMM
SIJ (ProShares UltraShort Industrials) and JHMM (John Hancock Multifactor Mid Cap ETF) are both exchange-traded funds - SIJ is a Leveraged Equities fund tracking the DJ Global United States (All) / Industrials -IND (-200%), 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, SIJ returned -27.76%/yr vs 11.84%/yr for JHMM. At a correlation of -0.85, they often move in opposite directions. SIJ charges 0.95%/yr vs 0.42%/yr for JHMM.
Performance
SIJ vs. JHMM - Performance Comparison
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Returns By Period
In the year-to-date period, SIJ achieves a -22.92% return, which is significantly lower than JHMM's 13.19% return. Over the past 10 years, SIJ has underperformed JHMM with an annualized return of -27.76%, while JHMM has yielded a comparatively higher 11.84% annualized return.
SIJ
- 1D
- -2.08%
- 1M
- -4.03%
- YTD
- -22.92%
- 6M
- -23.42%
- 1Y
- -32.54%
- 3Y*
- -30.36%
- 5Y*
- -18.85%
- 10Y*
- -27.76%
JHMM
- 1D
- 0.53%
- 1M
- 2.63%
- YTD
- 13.19%
- 6M
- 13.16%
- 1Y
- 25.74%
- 3Y*
- 17.47%
- 5Y*
- 8.51%
- 10Y*
- 11.84%
SIJ vs. JHMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIJ ProShares UltraShort Industrials | -22.92% | -29.33% | -21.63% | -24.18% | 18.15% | -34.31% | -54.09% | -45.12% | 20.55% | -36.32% |
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 SIJ and JHMM is -0.82, 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 | -0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | -0.85 |
The correlation between SIJ and JHMM has been stable across timeframes, ranging from -0.91 to -0.82 - a consistent structural relationship.
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Return for Risk
SIJ vs. JHMM — Risk / Return Rank
SIJ
JHMM
SIJ vs. JHMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Industrials (SIJ) 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.
| SIJ | JHMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.07 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.32 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.99 | -3.91 |
| Martin ratioReturn relative to average drawdown | -1.56 | 11.58 | -13.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SIJ | JHMM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.03 | 1.84 | -2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | 0.47 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.70 | 0.61 | -1.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | 0.63 | -1.26 |
Drawdowns
SIJ vs. JHMM - Drawdown Comparison
The maximum SIJ drawdown since its inception was -99.93%, which is greater than JHMM's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for SIJ and JHMM.
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Drawdown Indicators
| SIJ | JHMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -40.71% | -59.22% |
Max Drawdown (1Y)Largest decline over 1 year | -35.40% | -8.64% | -26.76% |
Max Drawdown (3Y)Largest decline over 3 years | -69.84% | -21.88% | -47.96% |
Max Drawdown (5Y)Largest decline over 5 years | -76.49% | -24.10% | -52.39% |
Max Drawdown (10Y)Largest decline over 10 years | -96.54% | -40.71% | -55.83% |
Current DrawdownCurrent decline from peak | -99.93% | 0.00% | -99.93% |
Average DrawdownAverage peak-to-trough decline | -86.74% | -5.43% | -81.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.92% | 2.23% | +18.69% |
Volatility
SIJ vs. JHMM - Volatility Comparison
ProShares UltraShort Industrials (SIJ) has a higher volatility of 10.27% compared to John Hancock Multifactor Mid Cap ETF (JHMM) at 3.71%. This indicates that SIJ'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
| SIJ | JHMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 3.71% | +6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 26.40% | 10.47% | +15.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.55% | 14.09% | +17.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.85% | 18.32% | +17.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.62% | 19.60% | +20.02% |
SIJ vs. JHMM - Expense Ratio Comparison
SIJ has a 0.95% expense ratio, which is higher than JHMM's 0.42% expense ratio.
Dividends
SIJ vs. JHMM - Dividend Comparison
SIJ's dividend yield for the trailing twelve months is around 5.87%, more than JHMM's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHMM John Hancock Multifactor Mid Cap ETF | 0.86% | 0.98% | 1.01% | 1.17% | 1.16% | 0.72% | 1.04% | 1.02% | 1.36% | 0.90% | 1.15% | 0.33% |
SIJ ProShares UltraShort Industrials | 5.87% | 5.38% | 5.99% | 4.90% | 0.00% | 0.00% | 0.00% | 1.49% | 0.39% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIJ and JHMM have a correlation of -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIJ has higher volatility (10.27%) compared to JHMM (3.71%). In terms of maximum drawdown, SIJ dropped -99.93% vs JHMM's -40.71%.
On 10-year performance, JHMM leads with 11.84% vs -27.76% for SIJ. On fees, JHMM is cheaper at 0.42% per year. On volatility, JHMM has been the lower-risk option at 3.71%. 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 11.84% return vs -27.76%. 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 SIJ.
SIJ has the higher dividend yield at 5.87%, compared with 0.86% for JHMM.
SIJ is categorized as Leveraged Equities, while JHMM is Mid Cap Growth Equities. SIJ tracks DJ Global United States (All) / Industrials -IND (-200%), 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 SIJ and 0.42% for JHMM.
JHMM currently has the higher Sharpe Ratio (1.84 vs -1.03), 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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