XMHQ vs. JHMM
Compare and contrast key facts about Invesco S&P MidCap Quality ETF (XMHQ) and John Hancock Multifactor Mid Cap ETF (JHMM).
XMHQ and JHMM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMHQ is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Dec 1, 2006. JHMM is a passively managed fund by Manulife that tracks the performance of the John Hancock Dimensional Mid Cap Index. It was launched on Sep 28, 2015. Both XMHQ and JHMM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMHQ or JHMM.
Correlation
The correlation between XMHQ and JHMM is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XMHQ vs. JHMM - Performance Comparison
Key characteristics
XMHQ:
1.01
JHMM:
1.12
XMHQ:
1.51
JHMM:
1.61
XMHQ:
1.18
JHMM:
1.20
XMHQ:
1.80
JHMM:
2.09
XMHQ:
4.31
JHMM:
6.11
XMHQ:
4.29%
JHMM:
2.59%
XMHQ:
18.34%
JHMM:
14.06%
XMHQ:
-58.19%
JHMM:
-40.71%
XMHQ:
-8.88%
JHMM:
-7.56%
Returns By Period
In the year-to-date period, XMHQ achieves a 17.95% return, which is significantly higher than JHMM's 14.24% return.
XMHQ
17.95%
-2.66%
0.84%
17.02%
15.48%
11.60%
JHMM
14.24%
-3.45%
8.65%
14.68%
9.96%
N/A
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XMHQ vs. JHMM - Expense Ratio Comparison
XMHQ has a 0.25% expense ratio, which is lower than JHMM's 0.42% expense ratio.
Risk-Adjusted Performance
XMHQ vs. JHMM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Quality ETF (XMHQ) 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.
Dividends
XMHQ vs. JHMM - Dividend Comparison
XMHQ's dividend yield for the trailing twelve months is around 4.94%, more than JHMM's 1.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMHQ Invesco S&P MidCap Quality ETF | 4.94% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% | 1.11% |
JHMM John Hancock Multifactor Mid Cap ETF | 1.02% | 1.17% | 1.16% | 0.72% | 1.04% | 1.02% | 1.36% | 0.90% | 1.15% | 0.33% | 0.00% | 0.00% |
Drawdowns
XMHQ vs. JHMM - Drawdown Comparison
The maximum XMHQ drawdown since its inception was -58.19%, which is greater than JHMM's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for XMHQ and JHMM. For additional features, visit the drawdowns tool.
Volatility
XMHQ vs. JHMM - Volatility Comparison
Invesco S&P MidCap Quality ETF (XMHQ) has a higher volatility of 6.34% compared to John Hancock Multifactor Mid Cap ETF (JHMM) at 4.68%. This indicates that XMHQ'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.