JHMM vs VYM
John Hancock Multifactor Mid Cap ETF vs Vanguard High Dividend Yield ETF
Which is better, JHMM or VYM?
Mid Cap Blend against Large Cap Value.
VYM has a lower expense ratio. JHMM led over the full window, VYM over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.92. JHMM is less concentrated, with 5.3% of the fund in its ten largest positions against 25.8%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.41% | 0.04%Best |
| AUM | $6.0B | $78.9B |
| Dividend Yield | 0.92% | 2.37% |
| Holdings | 666 | 608 |
| YTD Return | +9.11% | +11.83%Best |
| 1Y Return | +13.09% | +15.96%Best |
| 3Y Return (annualized) | +16.46% | +18.60%Best |
| 5Y Return (annualized) | +7.24% | +11.51%Best |
| Volatility (annualized) | 17.3% | 14.0%Best |
| Max Drawdown | -40.7% | -35.7%Best |
| $10,000 over 5 years | $14,184 | $17,241Best |
| Top 10 Weight | 5.3%Best | 25.8% |
| Fund Family | John Hancock Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Sep 28, 2015 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2015 to Oct 14, 2026 (11 years).
JHMM vs VYM 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 VYM Performance
John Hancock Multifactor Mid Cap ETF (JHMM) is an ETF from John Hancock Investment Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year JHMM returned +13.09% while VYM returned +15.96%. Year to date, JHMM is up 9.11% versus a gain of 11.83% for VYM.
Over three years, JHMM compounded at +16.46% per year against +18.60% for VYM; over five years the annualized figures are +7.24% and +11.51% respectively. Across the full 11-year window we track, JHMM has the edge at +10.95% annualized vs +10.61%.
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 14.0% for VYM. 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHMM charges 0.41% per year while VYM charges 0.04%. On a $10,000 position that is $41 vs $4 annually, a gap of $37 per year that compounds over a long holding period. On income, JHMM currently yields 0.92% against 2.37% for VYM.
Holdings Overlap
38.5% of JHMM's money is in holdings VYM also owns. 15.1% of VYM's money is in holdings JHMM also owns.
The two portfolios partly overlap.
227 positions in common, counted across the 657 positions we hold weights for in JHMM and 602 in VYM, against full books of 666 and 608.
What only one of them owns
Our book lists 348 positions for VYM that do not appear in our book for JHMM (82.8% of the fund), and 415 for JHMM that do not appear in VYM (59.2%).
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 VYM | Difference |
|---|---|---|---|
| DVNDevon Energy Corp. | 0.46% | 0.22% | 0.24% |
| STTState Street Corp. | 0.47% | 0.21% | 0.26% |
| EBAYEbay Inc. | 0.46% | 0.19% | 0.27% |
| CAHCardinal Health Inc. | 0.42% | 0.22% | 0.20% |
| ROKRockwell Automation | 0.45% | 0.19% | 0.26% |
| NTAPNetapp Inc | 0.47% | 0.15% | 0.32% |
| ETREntergy Corp | 0.41% | 0.20% | 0.21% |
| FITBFifth Third Bancorp | 0.38% | 0.20% | 0.18% |
| HIGHartford Financial Services Group Inc. | 0.41% | 0.15% | 0.26% |
| GRMNGarminltd. | 0.35% | 0.19% | 0.16% |
38.5% of JHMM is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, JHMM or VYM?
JHMM has an expense ratio of 0.41% while VYM charges 0.04%. VYM is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, JHMM or VYM?
Over the past year JHMM returned +13.09% vs +15.96% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (11 years), JHMM annualized +10.95% vs +10.61% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHMM or VYM?
JHMM has been the more volatile fund at 17.3% annualized versus 14.0% for VYM. Worst drawdown: JHMM -40.7% vs VYM -35.7%.
Should I hold both JHMM and VYM?
JHMM and VYM have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between JHMM and VYM?
38.5% of JHMM's money is in holdings VYM also owns. 15.1% of VYM's is in holdings JHMM also owns. They hold 227 positions in common, counted across the 657 positions we hold weights for in JHMM and 602 in VYM.
Which pays a higher dividend, JHMM or VYM?
JHMM yields 0.92% while VYM yields 2.37%, so VYM currently pays the higher dividend yield.
Is VYM better than JHMM?
VYM has a lower expense ratio. JHMM led over the full window, VYM over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.92. JHMM is less concentrated, with 5.3% of the fund in its ten largest positions against 25.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.