SMDIX vs. JECIX

Last updated Aug 4, 2026

SMDIX (Hartford Schroders US MidCap Opportunities Fund) and JECIX (John Hancock Variable Insurance Trust Mid Cap Index Trust Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, SMDIX returned 8.99%/yr vs 8.11%/yr for JECIX. Their correlation of 0.91 means they have usually moved in the same direction. SMDIX charges 0.89%/yr vs 0.45%/yr for JECIX.

Performance

SMDIX vs. JECIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Schroders US MidCap Opportunities Fund (SMDIX) and John Hancock Variable Insurance Trust Mid Cap Index Trust Fund (JECIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMDIX achieves a 17.19% return, which is significantly higher than JECIX's 14.23% return.

SMDIX

• 1D: 0.68%
• 1M: -0.76%
• 6M: 12.12%
• YTD: 17.19%
• 1Y: 27.83%
• 3Y*: 14.64%
• 5Y*: 8.99%
• 10Y*: 10.86%
• ALL TIME*: 9.72%

JECIX

• 1D: -0.17%
• 1M: -1.16%
• 6M: 8.86%
• YTD: 14.23%
• 1Y: 20.48%
• 3Y*: 12.58%
• 5Y*: 8.11%
• 10Y*: —
• ALL TIME*: 9.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JECIX John Hancock Variable Insurance Trust Mid Cap Index Trust Fund	$0.00	$0.00	$0.00
SMDIX Hartford Schroders US MidCap Opportunities Fund	$0.00	$0.00	$0.00

SMDIX vs. JECIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMDIX Hartford Schroders US MidCap Opportunities Fund	17.19%	7.45%	15.41%	12.69%	-12.44%	26.06%	9.17%	28.05%	-11.03%	13.48%
JECIX John Hancock Variable Insurance Trust Mid Cap Index Trust Fund	14.23%	7.11%	13.37%	16.06%	-13.02%	24.16%	12.90%	25.60%	-12.01%	6.58%

Correlation

The correlation between SMDIX and JECIX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.91

Over the past year, the correlation between SMDIX and JECIX has dropped to 0.68 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.

Return for Risk

SMDIX vs. JECIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMDIX

SMDIX Risk / Return Rank: 81
SMDIX Sharpe Ratio Rank: 78
SMDIX Sortino Ratio Rank: 75
SMDIX Omega Ratio Rank: 70
SMDIX Calmar Ratio Rank: 89
SMDIX Martin Ratio Rank: 93

JECIX

JECIX Risk / Return Rank: 68
JECIX Sharpe Ratio Rank: 56
JECIX Sortino Ratio Rank: 66
JECIX Omega Ratio Rank: 52
JECIX Calmar Ratio Rank: 82
JECIX Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMDIX vs. JECIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders US MidCap Opportunities Fund (SMDIX) and John Hancock Variable Insurance Trust Mid Cap Index Trust Fund (JECIX). 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.

	SMDIX	JECIX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.54	+0.34
Sortino ratio: Return per unit of downside risk	2.65	2.39	+0.26
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	3.45	2.86	+0.59
Martin ratio: Return relative to average drawdown	14.11	10.63	+3.48

SMDIX vs. JECIX - Sharpe Ratio Comparison

The current SMDIX Sharpe Ratio is 1.88, which is comparable to the JECIX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of SMDIX and JECIX, 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

SMDIX vs. JECIX - Drawdown Comparison

The maximum SMDIX drawdown since its inception was -48.26%, which is greater than JECIX's maximum drawdown of -42.07%. Use the drawdown chart below to compare losses from any high point for SMDIX and JECIX.

Drawdown Indicators

	SMDIX	JECIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.26%	-42.07%	-6.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.40%	-8.86%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-20.25%	-24.16%	+3.91%
Max Drawdown (5Y) Largest decline over 5 years	-20.87%	-24.16%	+3.29%
Max Drawdown (10Y) Largest decline over 10 years	-40.70%	—	—
Current Drawdown Current decline from peak	-1.07%	-2.42%	+1.35%
Average Drawdown Average peak-to-trough decline	-6.42%	-6.38%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.28%	-0.46%

Volatility

SMDIX vs. JECIX - Volatility Comparison

The current volatility for Hartford Schroders US MidCap Opportunities Fund (SMDIX) is 2.39%, while John Hancock Variable Insurance Trust Mid Cap Index Trust Fund (JECIX) has a volatility of 3.42%. This indicates that SMDIX experiences smaller price fluctuations and is considered to be less risky than JECIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMDIX	JECIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	3.42%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	9.50%	11.74%	-2.24%
Volatility (1Y) Calculated over the trailing 1-year period	13.56%	16.44%	-2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	20.34%	-4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	21.87%	-3.99%

SMDIX vs. JECIX - Expense Ratio Comparison

SMDIX has a 0.89% expense ratio, which is higher than JECIX's 0.45% expense ratio.

Dividends

SMDIX vs. JECIX - Dividend Comparison

SMDIX's dividend yield for the trailing twelve months is around 8.41%, more than JECIX's 7.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JECIX John Hancock Variable Insurance Trust Mid Cap Index Trust Fund	7.74%	8.84%	4.56%	6.14%	18.58%	6.37%	11.51%	9.64%	9.09%	0.22%	0.00%	0.00%
SMDIX Hartford Schroders US MidCap Opportunities Fund	8.41%	9.86%	8.53%	1.69%	3.28%	15.04%	0.32%	0.91%	2.45%	1.51%	1.72%	11.55%

Frequently Asked Questions

Can I hold both SMDIX and JECIX in my portfolio?

SMDIX and JECIX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMDIX or JECIX?

JECIX has higher volatility (3.42%) compared to SMDIX (2.39%). In terms of maximum drawdown, SMDIX dropped -48.26% vs JECIX's -42.07%.

Which has better risk-adjusted returns?

SMDIX currently has the higher Sharpe Ratio (1.88 vs 1.54), 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.