VIV vs. JHMM

Last updated Jun 4, 2026

VIV (Telefônica Brasil S.A.) is a stock, while JHMM (John Hancock Multifactor Mid Cap ETF) is Mid Cap Growth Equities fund tracking the John Hancock Dimensional Mid Cap Index. Over the past 10 years, VIV returned 8.58%/yr vs 11.88%/yr for JHMM. At a 0.30 correlation, their price movements are largely independent.

Performance

VIV vs. JHMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Telefônica Brasil S.A. (VIV) and John Hancock Multifactor Mid Cap ETF (JHMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIV achieves a 16.55% return, which is significantly higher than JHMM's 12.60% return. Over the past 10 years, VIV has underperformed JHMM with an annualized return of 8.58%, while JHMM has yielded a comparatively higher 11.88% annualized return.

VIV

• 1D: -2.08%
• 1M: -12.89%
• YTD: 16.55%
• 6M: 7.88%
• 1Y: 37.38%
• 3Y*: 24.02%
• 5Y*: 14.77%
• 10Y*: 8.58%

JHMM

• 1D: -0.24%
• 1M: 3.21%
• YTD: 12.60%
• 6M: 13.14%
• 1Y: 24.83%
• 3Y*: 17.01%
• 5Y*: 8.39%
• 10Y*: 11.88%

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

VIV vs. JHMM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIV Telefônica Brasil S.A.	16.55%	67.26%	-27.07%	64.86%	-13.84%	4.65%	-32.07%	27.54%	-11.53%	23.72%
JHMM John Hancock Multifactor Mid Cap ETF	12.60%	10.73%	14.61%	14.53%	-15.30%	24.54%	16.22%	30.01%	-9.57%	19.96%

Correlation

The correlation between VIV and JHMM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015	0.30

Return for Risk

VIV vs. JHMM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIV

VIV Risk / Return Rank: 73
VIV Sharpe Ratio Rank: 78
VIV Sortino Ratio Rank: 71
VIV Omega Ratio Rank: 70
VIV Calmar Ratio Rank: 73
VIV Martin Ratio Rank: 77

JHMM

JHMM Risk / Return Rank: 55
JHMM Sharpe Ratio Rank: 51
JHMM Sortino Ratio Rank: 52
JHMM Omega Ratio Rank: 49
JHMM Calmar Ratio Rank: 58
JHMM Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VIV vs. JHMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Telefônica Brasil S.A. (VIV) 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.

	VIV	JHMM	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.77	-0.46
Sortino ratio: Return per unit of downside risk	1.79	2.55	-0.76
Omega ratio: Gain probability vs. loss probability	1.23	1.31	-0.08
Calmar ratio: Return relative to maximum drawdown	1.87	2.89	-1.02
Martin ratio: Return relative to average drawdown	5.63	11.17	-5.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIV vs. JHMM - Sharpe Ratio Comparison

The current VIV Sharpe Ratio is 1.31, which is comparable to the JHMM Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of VIV and JHMM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VIV	JHMM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.77	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.46	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.61	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.63	-0.49

Drawdowns

VIV vs. JHMM - Drawdown Comparison

The maximum VIV drawdown since its inception was -77.73%, which is greater than JHMM's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for VIV and JHMM.

Drawdown Indicators

	VIV	JHMM	Difference
Max Drawdown Largest peak-to-trough decline	-77.73%	-40.71%	-37.02%
Max Drawdown (1Y) Largest decline over 1 year	-20.10%	-8.64%	-11.46%
Max Drawdown (3Y) Largest decline over 3 years	-30.17%	-21.88%	-8.29%
Max Drawdown (5Y) Largest decline over 5 years	-40.76%	-24.10%	-16.66%
Max Drawdown (10Y) Largest decline over 10 years	-47.57%	-40.71%	-6.86%
Current Drawdown Current decline from peak	-19.67%	-0.24%	-19.43%
Average Drawdown Average peak-to-trough decline	-32.03%	-5.43%	-26.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.65%	2.23%	+4.42%

Volatility

VIV vs. JHMM - Volatility Comparison

Telefônica Brasil S.A. (VIV) has a higher volatility of 10.10% compared to John Hancock Multifactor Mid Cap ETF (JHMM) at 3.81%. This indicates that VIV'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.

Volatility by Period

	VIV	JHMM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.10%	3.81%	+6.29%
Volatility (6M) Calculated over the trailing 6-month period	23.74%	10.47%	+13.27%
Volatility (1Y) Calculated over the trailing 1-year period	28.78%	14.12%	+14.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.55%	18.32%	+10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.22%	19.60%	+11.62%

Dividends

VIV vs. JHMM - Dividend Comparison

VIV's dividend yield for the trailing twelve months is around 6.90%, 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%
VIV Telefônica Brasil S.A.	6.90%	5.25%	6.60%	5.55%	5.86%	6.44%	10.22%	5.25%	9.20%	10.87%	4.09%	10.07%

Frequently Asked Questions

Can I hold both VIV and JHMM in my portfolio?

VIV and JHMM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIV or JHMM?

VIV has higher volatility (10.10%) compared to JHMM (3.81%). In terms of maximum drawdown, VIV dropped -77.73% vs JHMM's -40.71%.

Which has better risk-adjusted returns?

JHMM currently has the higher Sharpe Ratio (1.77 vs 1.31), 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.