JHMM vs SPY
JHMM vs SPY
John Hancock Multifactor Mid Cap ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. JHMM delivered stronger 1-year returns. JHMM offers more diversification with 642 holdings.
Side-by-Side Comparison
| Metric | JHMM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.41% | 0.09% | |
| AUM | $5.9B | $789.1B | |
| Dividend Yield | 0.88% | 1.01% | |
| Holdings | 668 | 505 | |
| YTD Return | +14.51% | +13.10% | |
| 1Y Return | +23.28% | +22.80% | |
| 3Y Return (annualized) | +15.46% | +20.98% | |
| 5Y Return (annualized) | +8.58% | +13.20% | |
| Volatility (annualized) | 17.3% | 15.3% | |
| Max Drawdown | -40.7% | -56.5% | |
| Fund Family | John Hancock Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 28, 2015 | Jan 22, 1993 |
JHMM vs SPY Performance
John Hancock Multifactor Mid Cap ETF (JHMM) is a ETF from John Hancock Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JHMM returned +23.28% while SPY returned +22.80%. Year to date, JHMM is up 14.51% versus a gain of 13.10% for SPY.
Over three years, JHMM compounded at +15.46% per year against +20.98% for SPY; over five years the annualized figures are +8.58% and +13.20% respectively. Across the full 11-year window we track, JHMM has the edge at +11.64% annualized vs +8.83%. 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 15.3% for SPY. 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 SPY charges 0.09%. On a $10,000 position that is $41 vs $9 annually, a gap of $32 per year that compounds over a long holding period. On income, JHMM currently yields 0.88% against 1.01% for SPY.
Holdings Overlap
JHMM and SPY share 238 holdings out of 907 unique holdings combined, representing a 8.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JHMM | Weight in SPY | Difference |
|---|---|---|---|
| FIX | 0.68% | 0.10% | 0.58% |
| COHR | 0.65% | 0.10% | 0.55% |
| MPWR | 0.65% | 0.10% | 0.55% |
| CIEN | Pro | Pro | Pro |
| KEYS | Pro | Pro | Pro |
| LITE | Pro | Pro | Pro |
| TRGP | Pro | Pro | Pro |
| TER | Pro | Pro | Pro |
| DVN | Pro | Pro | Pro |
| EBAY | Pro | Pro | Pro |
See all 10 holdings JHMM shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, JHMM or SPY?
JHMM has an expense ratio of 0.41% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, JHMM or SPY?
Over the past year JHMM returned +23.28% vs +22.80% for SPY, so JHMM leads on 1-year performance. Over the longest common window we track (11 years), JHMM annualized +11.64% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, JHMM or SPY?
JHMM has been the more volatile fund at 17.3% annualized versus 15.3% for SPY. Worst drawdown: JHMM -40.7% vs SPY -56.5%.
Should I hold both JHMM and SPY?
JHMM and SPY have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JHMM and SPY?
JHMM and SPY share 238 common holdings with a 8.8% weight overlap. Combined, they hold 907 unique securities.
Which pays a higher dividend, JHMM or SPY?
JHMM yields 0.88% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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