JHMM vs SCHD
John Hancock Multifactor Mid Cap ETF vs Schwab US Dividend Equity ETF
Which is better, JHMM or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. JHMM led over 3Y, SCHD over 1Y, 5Y and the full window. JHMM is less concentrated, with 5.7% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JHMM | SCHD |
|---|---|---|
| Expense Ratio | 0.41% | 0.06%Best |
| AUM | $5.9B | $108.9B |
| Dividend Yield | 0.88% | 3.00% |
| Holdings | 666 | 206 |
| YTD Return | +10.34% | +23.29%Best |
| 1Y Return | +15.54% | +29.70%Best |
| 3Y Return (annualized) | +16.91%Best | +16.26% |
| 5Y Return (annualized) | +7.84% | +9.65%Best |
| Volatility (annualized) | 17.3% | 15.0%Best |
| Max Drawdown | -40.7% | -33.4%Best |
| $10,000 over 5 years | $14,585 | $15,851Best |
| Top 10 Weight | 5.7%Best | 41.8% |
| Fund Family | John Hancock Investment Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Sep 28, 2015 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2015 to Oct 13, 2026 (11 years).
JHMM vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11 years both funds cover.
JHMM vs SCHD Performance
John Hancock Multifactor Mid Cap ETF (JHMM) is an ETF from John Hancock Investment Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year JHMM returned +15.54% while SCHD returned +29.70%. Year to date, JHMM is up 10.34% versus a gain of 23.29% for SCHD.
Over three years, JHMM compounded at +16.91% per year against +16.26% for SCHD; over five years the annualized figures are +7.84% and +9.65% respectively. Across the full 11-year window we track, SCHD has the edge at +11.89% annualized vs +11.06%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHMM has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 15.0% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -40.7% for JHMM and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHMM charges 0.41% per year while SCHD charges 0.06%. On a $10,000 position that is $41 vs $6 annually, a gap of $35 per year that compounds over a long holding period. On income, JHMM currently yields 0.88% against 3.00% for SCHD.
Holdings Overlap
4.4% of JHMM's money is in holdings SCHD also owns. 10.2% of SCHD's money is in holdings JHMM also owns.
SCHD and JHMM share little of their money.
24 positions in common, counted across the 618 positions we hold weights for in JHMM and 99 in SCHD, against full books of 666 and 206.
What only one of them owns
Our book lists 74 positions for SCHD that do not appear in our book for JHMM (89.8% of the fund), and 566 for JHMM that do not appear in SCHD (86.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JHMM | Weight in SCHD | Difference |
|---|---|---|---|
| DVNDevon Energy Corporation | 0.51% | 1.45% | 0.94% |
| FITBFifth Third Bancorp | 0.45% | 1.24% | 0.79% |
| CINFCincinnati Financial Corp. | 0.21% | 0.66% | 0.45% |
| DRIDarden Restaurants Inc. | 0.24% | 0.60% | 0.36% |
| PFGPrincipalfinancialgroupinc. | 0.22% | 0.57% | 0.35% |
| TROWT Rowe Price Grp | 0.20% | 0.57% | 0.37% |
| BBYBest Buy Co Inc | 0.29% | 0.45% | 0.16% |
| EWBCEast West Bancorp, Inc. | 0.29% | 0.44% | 0.15% |
| SNASnap-On Inc. | 0.22% | 0.49% | 0.27% |
| BRBroadridge Financial Solutions, Inc. | 0.19% | 0.49% | 0.30% |
You are not choosing between two funds in isolation.
Whichever of JHMM and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JHMM or SCHD?
JHMM has an expense ratio of 0.41% while SCHD charges 0.06%. SCHD is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, JHMM or SCHD?
Over the past year JHMM returned +15.54% vs +29.70% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), JHMM annualized +11.06% vs +11.89% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHMM or SCHD?
JHMM has been the more volatile fund at 17.3% annualized versus 15.0% for SCHD. Worst drawdown: JHMM -40.7% vs SCHD -33.4%.
Should I hold both JHMM and SCHD?
JHMM and SCHD have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JHMM and SCHD?
10.2% of SCHD's money is in holdings JHMM also owns. 10.2% of SCHD's is in holdings JHMM also owns. They hold 24 positions in common, counted across the 618 positions we hold weights for in JHMM and 99 in SCHD.
Which pays a higher dividend, JHMM or SCHD?
JHMM yields 0.88% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than JHMM?
SCHD has a lower expense ratio. JHMM led over 3Y, SCHD over 1Y, 5Y and the full window. JHMM is less concentrated, with 5.7% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.