JHMM vs VOO
John Hancock Multifactor Mid Cap ETF vs Vanguard S&P 500 ETF
Which is better, JHMM or VOO?
Mid Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. JHMM is less concentrated, with 5.3% of the fund in its ten largest positions against 37.6%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.41% | 0.03%Best |
| AUM | $6.0B | $997.4B |
| Dividend Yield | 0.88% | 1.04% |
| Holdings | 666 | 509 |
| YTD Return | +9.73% | +13.82%Best |
| 1Y Return | +14.66% | +18.56%Best |
| 3Y Return (annualized) | +16.88% | +23.49%Best |
| 5Y Return (annualized) | +7.49% | +13.34%Best |
| Volatility (annualized) | 17.3% | 15.1%Best |
| Max Drawdown | -40.7% | -34.3%Best |
| $10,000 over 5 years | $14,350 | $18,703Best |
| Top 10 Weight | 5.3%Best | 37.6% |
| Fund Family | John Hancock Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Sep 28, 2015 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2015 to Sep 25, 2026 (11 years).
JHMM vs VOO 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 VOO Performance
John Hancock Multifactor Mid Cap ETF (JHMM) is an ETF from John Hancock Investment Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year JHMM returned +14.66% while VOO returned +18.56%. Year to date, JHMM is up 9.73% versus a gain of 13.82% for VOO.
Over three years, JHMM compounded at +16.88% per year against +23.49% for VOO; over five years the annualized figures are +7.49% and +13.34% respectively. Across the full 11-year window we track, VOO has the edge at +14.57% 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 15.1% for VOO. 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 -34.3% for VOO. 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 VOO charges 0.03%. On a $10,000 position that is $41 vs $3 annually, a gap of $38 per year that compounds over a long holding period. On income, JHMM currently yields 0.88% against 1.04% for VOO.
Holdings Overlap
50.5% of JHMM's money is in holdings VOO also owns. 8.7% of VOO's money is in holdings JHMM also owns.
The two portfolios partly overlap.
233 positions in common, counted across the 650 positions we hold weights for in JHMM and 494 in VOO, against full books of 666 and 509.
What only one of them owns
Our book lists 257 positions for VOO that do not appear in our book for JHMM (90.5% of the fund), and 402 for JHMM that do not appear in VOO (46.4%).
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 VOO | Difference |
|---|---|---|---|
| HPEHewlett Packard Enterprise Co | 0.73% | 0.10% | 0.63% |
| TRGPTarga Resources Corp Preferred | 0.56% | 0.09% | 0.47% |
| KEYSKeysight Technologies Inc. | 0.54% | 0.08% | 0.46% |
| FIXComfort Systems USA Inc. | 0.51% | 0.09% | 0.42% |
| STTState Street Corp. | 0.50% | 0.08% | 0.42% |
| MPWRMonolithic Power Systems Inc | 0.46% | 0.11% | 0.35% |
| DVNDevon Energy Corporation | 0.49% | 0.08% | 0.41% |
| TERTeradyne Inc - Common | 0.45% | 0.09% | 0.36% |
| AMEAmetek Inc | 0.45% | 0.09% | 0.36% |
| FITBFifth Third Bancorp | 0.45% | 0.08% | 0.37% |
50.5% of JHMM is already inside VOO.
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 VOO?
JHMM has an expense ratio of 0.41% while VOO charges 0.03%. VOO is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, JHMM or VOO?
Over the past year JHMM returned +14.66% vs +18.56% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), JHMM annualized +11.06% vs +14.57% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHMM or VOO?
JHMM has been the more volatile fund at 17.3% annualized versus 15.1% for VOO. Worst drawdown: JHMM -40.7% vs VOO -34.3%.
Should I hold both JHMM and VOO?
JHMM and VOO 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 VOO?
50.5% of JHMM's money is in holdings VOO also owns. 8.7% of VOO's is in holdings JHMM also owns. They hold 233 positions in common, counted across the 650 positions we hold weights for in JHMM and 494 in VOO.
Which pays a higher dividend, JHMM or VOO?
JHMM yields 0.88% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than JHMM?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. JHMM is less concentrated, with 5.3% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.