IVV vs JHMM
iShares Core S&P 500 ETF vs John Hancock Multifactor Mid Cap ETF
Which is better, IVV or JHMM?
Large Cap Blend against Mid Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. JHMM is less concentrated, with 5.7% of the fund in its ten largest positions against 38.1%.
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 | IVV | JHMM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.41% |
| AUM | $882.6B | $5.9B |
| Dividend Yield | 1.06% | 0.88% |
| Holdings | 508 | 666 |
| YTD Return | +14.70%Best | +9.55% |
| 1Y Return | +17.46%Best | +12.98% |
| 3Y Return (annualized) | +23.21%Best | +16.76% |
| 5Y Return (annualized) | +13.71%Best | +7.63% |
| Volatility (annualized) | 15.1%Best | 17.3% |
| Max Drawdown | -33.9%Best | -40.7% |
| $10,000 over 5 years | $19,010Best | $14,443 |
| Top 10 Weight | 38.1% | 5.7%Best |
| Fund Family | iShares by BlackRock (US) | John Hancock Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Sep 28, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2015 to Oct 7, 2026 (11 years).
IVV vs JHMM 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.
IVV vs JHMM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and John Hancock Multifactor Mid Cap ETF (JHMM) is an ETF from John Hancock Investment Management. Over the past year IVV returned +17.46% while JHMM returned +12.98%. Year to date, IVV is up 14.70% versus a gain of 9.55% for JHMM.
Over three years, IVV compounded at +23.21% per year against +16.76% for JHMM; over five years the annualized figures are +13.71% and +7.63% respectively. Across the full 11-year window we track, IVV has the edge at +14.55% annualized vs +11.01%.
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 15.1% for IVV. 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 -33.9% for IVV and -40.7% for JHMM. 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
IVV charges 0.03% per year while JHMM charges 0.41%. On a $10,000 position that is $3 vs $41 annually, a gap of $38 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.88% for JHMM.
Holdings Overlap
8.4% of IVV's money is in holdings JHMM also owns. 50.1% of JHMM's money is in holdings IVV also owns.
The two portfolios partly overlap.
232 positions in common, counted across the 505 positions we hold weights for in IVV and 618 in JHMM, against full books of 508 and 666.
What only one of them owns
Our book lists 360 positions for JHMM that do not appear in our book for IVV (41.0% of the fund), and 267 for IVV that do not appear in JHMM (90.9%).
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 IVV | Weight in JHMM | Difference |
|---|---|---|---|
| HPEHewlett Packard Enterprise Co | 0.12% | 0.85% | 0.73% |
| KEYSKeysight Technologies Inc. | 0.09% | 0.57% | 0.48% |
| FIXComfort Systems USA Inc. | 0.09% | 0.56% | 0.47% |
| TRGPTarga Resources Corp Preferred | 0.09% | 0.56% | 0.47% |
| COHRCoherent Corp | 0.09% | 0.51% | 0.42% |
| DVNDevon Energy Corporation | 0.09% | 0.51% | 0.42% |
| TERTeradyne Inc - Common | 0.09% | 0.51% | 0.42% |
| STTState Street Corp. | 0.08% | 0.51% | 0.43% |
| MPWRMonolithic Power Systems Inc | 0.09% | 0.48% | 0.39% |
| AMEAmetek Inc | 0.08% | 0.48% | 0.40% |
50.1% of JHMM is already inside IVV.
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, IVV or JHMM?
IVV has an expense ratio of 0.03% while JHMM charges 0.41%. IVV is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, IVV or JHMM?
Over the past year IVV returned +17.46% vs +12.98% for JHMM, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +14.55% vs +11.01% for JHMM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JHMM?
JHMM has been the more volatile fund at 17.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -33.9% vs JHMM -40.7%.
Should I hold both IVV and JHMM?
IVV and JHMM 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 IVV and JHMM?
50.1% of JHMM's money is in holdings IVV also owns. 50.1% of JHMM's is in holdings IVV also owns. They hold 232 positions in common, counted across the 505 positions we hold weights for in IVV and 618 in JHMM.
Which pays a higher dividend, IVV or JHMM?
IVV yields 1.06% while JHMM yields 0.88%, so IVV currently pays the higher dividend yield.
Is JHMM better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. JHMM is less concentrated, with 5.7% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.