SMDD vs. JHMM
SMDD (ProShares UltraPro Short MidCap400) and JHMM (John Hancock Multifactor Mid Cap ETF) are both exchange-traded funds - SMDD is a Leveraged Equities fund tracking the S&P MidCap 400 Index (-300%), 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, SMDD returned -40.87%/yr vs 12.28%/yr for JHMM. At a correlation of -0.95, they often move in opposite directions. SMDD charges 0.95%/yr vs 0.42%/yr for JHMM.
Performance
SMDD vs. JHMM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMDD achieves a -36.25% return, which is significantly lower than JHMM's 13.23% return. Over the past 10 years, SMDD has underperformed JHMM with an annualized return of -40.87%, while JHMM has yielded a comparatively higher 12.28% annualized return.
SMDD
- 1D
- -2.43%
- 1M
- -10.32%
- YTD
- -36.25%
- 6M
- -32.21%
- 1Y
- -48.94%
- 3Y*
- -38.79%
- 5Y*
- -30.05%
- 10Y*
- -40.87%
JHMM
- 1D
- 0.67%
- 1M
- 2.12%
- YTD
- 13.23%
- 6M
- 11.20%
- 1Y
- 23.15%
- 3Y*
- 16.84%
- 5Y*
- 8.37%
- 10Y*
- 12.28%
SMDD vs. JHMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMDD ProShares UltraPro Short MidCap400 | -36.25% | -27.46% | -31.02% | -38.37% | 7.69% | -58.01% | -74.71% | -53.34% | 33.50% | -39.87% |
JHMM John Hancock Multifactor Mid Cap ETF | 13.23% | 10.73% | 14.61% | 14.53% | -15.30% | 24.54% | 16.22% | 30.01% | -9.57% | 19.96% |
Correlation
The correlation between SMDD 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 | -0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2015 | -0.95 |
The correlation between SMDD and JHMM has been stable across timeframes, ranging from -0.98 to -0.95 - 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
SMDD vs. JHMM — Risk / Return Rank
SMDD
JHMM
SMDD vs. JHMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short MidCap400 (SMDD) 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.
| SMDD | JHMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.87 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.28 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.69 | -3.66 |
| Martin ratioReturn relative to average drawdown | -1.68 | 10.35 | -12.03 |
Loading charts...
Drawdowns
SMDD vs. JHMM - Drawdown Comparison
The maximum SMDD drawdown since its inception was -99.99%, which is greater than JHMM's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for SMDD and JHMM.
Loading charts...
Drawdown Indicators
| SMDD | JHMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -40.71% | -59.28% |
Max Drawdown (1Y)Largest decline over 1 year | -50.54% | -8.64% | -41.90% |
Max Drawdown (3Y)Largest decline over 3 years | -81.99% | -21.88% | -60.11% |
Max Drawdown (5Y)Largest decline over 5 years | -87.81% | -24.10% | -63.71% |
Max Drawdown (10Y)Largest decline over 10 years | -99.52% | -40.71% | -58.81% |
Current DrawdownCurrent decline from peak | -99.99% | -0.62% | -99.37% |
Average DrawdownAverage peak-to-trough decline | -92.96% | -5.41% | -87.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.20% | 2.24% | +26.96% |
Volatility
SMDD vs. JHMM - Volatility Comparison
ProShares UltraPro Short MidCap400 (SMDD) has a higher volatility of 14.01% compared to John Hancock Multifactor Mid Cap ETF (JHMM) at 4.39%. This indicates that SMDD'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.
Loading charts...
Volatility by Period
| SMDD | JHMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.01% | 4.39% | +9.62% |
Volatility (6M)Calculated over the trailing 6-month period | 35.56% | 10.89% | +24.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.65% | 14.44% | +33.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.88% | 18.36% | +40.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.35% | 19.59% | +43.76% |
SMDD vs. JHMM - Expense Ratio Comparison
SMDD has a 0.95% expense ratio, which is higher than JHMM's 0.42% expense ratio.
Dividends
SMDD vs. JHMM - Dividend Comparison
SMDD's dividend yield for the trailing twelve months is around 7.31%, 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% |
SMDD ProShares UltraPro Short MidCap400 | 7.31% | 4.96% | 4.09% | 3.86% | 0.14% | 0.00% | 0.13% | 1.51% | 0.09% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMDD 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.
SMDD has higher volatility (14.01%) compared to JHMM (4.39%). In terms of maximum drawdown, SMDD dropped -99.99% vs JHMM's -40.71%.
On 10-year performance, JHMM leads with 12.28% vs -40.87% for SMDD. On fees, JHMM is cheaper at 0.42% per year. On volatility, JHMM has been the lower-risk option at 4.39%. 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 12.28% return vs -40.87%. 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 SMDD.
SMDD has the higher dividend yield at 7.31%, compared with 0.86% for JHMM.
SMDD is categorized as Leveraged Equities, while JHMM is Mid Cap Growth Equities. SMDD tracks S&P MidCap 400 Index (-300%), 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 SMDD and 0.42% for JHMM.
JHMM currently has the higher Sharpe Ratio (1.61 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.
Find the right allocation for SMDD 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