JHMM vs VONV: Grades, Fees and Holdings Compared

John Hancock Multifactor Mid Cap ETF

JHMMBNYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

19.9%by weight

Expense ratio

VONV −0.35pt a year

JHMM0.41%VONV0.06%

Avg volume · 30D

VONV 3.5×the volume

JHMM224KVONV776K

10Y return · a year

VONV +0.3pt

JHMM+11.6%VONV+11.9%

JHMM vs VONV Performance

Nov 9, 2021 – Nov 9, 2026

+39.1%JHMM+73.9%VONV

Expense ratio: JHMM 0.41%; VONV 0.06%, better
Fund size: JHMM $6B; VONV $21.7B
1Y total return: JHMM +16.2%; VONV +30.6%, better
Yield (12M): JHMM 0.89%; VONV 1.51%, better
Holdings: JHMM 659; VONV 887
Avg volume (30D): JHMM 224K sh; VONV 776K sh, better
NAV per share: JHMM $72.19; VONV $112.88
52W range

ETF.net Grade

Pillar letters and Scores for JHMM, VONV, with each pillar’s weight
Pillar	JHMM	VONV
Cost30% weight	D30	A96Higher
Mission25% weight	A100	A100
Risk15% weight	C46	A89Higher
Tradability15% weight	A77Higher	B59
Holdings10% weight	A87Higher	C49
Durability5% weight	A77	A92Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. JHMM and VONV are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

VONV ranks 1st and JHMM 36th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 36BANGUSEI Ang Research Enhanced U.S. Large Cap ETFScore 64
Rank 36BJHMMJohn Hancock Multifactor Mid Cap ETFScore 64
Rank 38BSPGPInvesco S&P 500 GARP ETFScore 63

Our read on each fund

ETF.net Research

JHMMBJohn Hancock Multifactor Mid Cap ETF

VONVAVanguard Russell 1000 Value ETF

In short

JHMM The mid-cap slice of John Hancock's Dimensional-built index suite: roughly 700 stocks sorted by size, price and profitability instead of market cap alone, at 0.41% net of a waiver through July 31, 2027.

VONV The plain-vanilla value trade, done cheap: about 900 large US value stocks, full replication of the Russell 1000 Value Index, 0.06% a year. No factor cocktail, no premium price tag, and one of the strongest implementations in its factor peer group.

Stated mandate

JHMM The fund seeks to track, before fees and expenses, the performance of the John Hancock Dimensional Mid Cap Index.

VONV The fund seeks to track the Russell 1000 Value Index, representing large-capitalization value stocks in the United States. It uses passive indexing and full replication to remain closely aligned with that benchmark.

Why people hold it

JHMM The index is developed and maintained by Dimensional Fund Advisors, which classifies stocks by market capitalization, relative price and profitability rather than size alone.jhinvestments.com
Wide net, not a concentrated bet: roughly 700 holdings drawn from companies ranked between the 200th and 951st largest in the US at reconstitution.jhinvestments.com
Tracking of its index has been among the tightest in a multifactor peer group of roughly 100 funds.
A multi-billion-dollar fund trading since its 2015 launch, so there is a decade of live history behind the methodology.

VONV 0.06% a year, a fraction of the typical fee among factor ETFs. On a rules-based value index there is little room for cleverness, so cost does most of the work.vanguard.com
Full replication, not sampling: it owns the index's roughly 900 names and has stayed tightly aligned with the Russell 1000 Value benchmark since launching in 2010.
Same Russell benchmark as pricier rivals for less: the Goldman MarketBeta version (GVUS) charges 0.12% to track the identical value index.
A multi-billion-dollar fund that trades actively, among the easiest in its group to get in and out of, and it distributes quarterly.

Worth knowing

JHMM Costs 0.41% net of a waiver through July 31, 2027 (0.42% gross), above the median for multifactor funds; plain large-cap screens like VYM at 0.04% sit far below.
Leaning toward cheaper, more profitable, smaller names means results can drift from a plain mid-cap index for long stretches, in either direction.jhinvestments.com
Distributions arrive once or twice a year, not quarterly or monthly.

VONV One screen, one style. Value only, with no quality or momentum overlay, so the ride follows the value side of the market wherever it goes.vanguard.com
This is the entire value bucket, not a best-ideas portfolio. About 900 holdings means results hug the large-cap value category rather than stray from it.
Cheaper exists nearby: Vanguard's VYM charges 0.04%, but it screens for dividend yield, a different portfolio than a Russell value index.

Full JHMM profile⁠

Full VONV profile⁠

JHMM vs VONV Holdings

How JHMM and VONV differ

Overlap by weight

19.9%

Shared holdings make up 85.2% of JHMM and 20.0% of VONV.

Level by level

Holdings503 in both19.9%
Sector11 Sectors87.4%
Countryby domicile98.1%
Asset classStocks100%

Sector

Sector weights in JHMM and VONV, widest gap first
Sector	Gap	JHMM	VONV
Industrials	JHMM +7.1 points	16.6%	9.5%
Technology	VONV +5.3 points	16.6%	21.9%
Consumer Staples	VONV +2.8 points	4.4%	7.2%
Financials	VONV +2.3 points	15.6%	17.9%
Real Estate	JHMM +2.0 points	5.5%	3.5%
Utilities	JHMM +1.9 points	5.3%	3.4%
Energy	VONV +1.1 points	5.1%	6.2%
Communication	VONV +1.1 points	2.3%	3.4%
Materials	JHMM +0.7 points	4.0%	3.3%
Health Care	JHMM +0.6 points	14.0%	13.4%
Consumer Discretionary	JHMM +0.3 points	10.7%	10.4%

Country, concentration and asset class

Country by domicile

Country weights in JHMM and VONV, widest gap first
Country	Gap	JHMM	VONV
United States	VONV +1.9 points	98.1%	100.0%
United Kingdom	JHMM +0.6 points	0.6%	0.0%
Other countries (7)	JHMM +1.3 points	1.3%	0.0%

Concentration

Weight in the 10 largest Holdings

JHMM4.6%
VONV29.8%

Securities held

JHMM659
VONV883

Asset class

JHMM: Stocks
VONV: Stocks

Holdings

Only in JHMM156
In both503
Only in VONV380

Only in JHMM

156 securities, 14.8% of JHMM by weight

Comfort Systems Usa Inc0.34%
Take Two Interactive Softwre0.30%
Teradyne Inc0.30%
Tapestry Inc0.29%
Emcor Group Inc0.29%
Ciena Corp0.27%
Jabil Inc0.27%
Dexcom Inc0.27%
Darden Restaurants Inc0.27%
Expedia Group Inc0.26%
Ati Inc0.25%
Natera Inc0.24%
Revolution Medicines Inc0.23%
Xpo Inc0.23%
Jackson Financial Inc A0.21%
Ftai Aviation Ltd0.20%
Burlington Stores Inc0.20%
Medpace Holdings Inc0.19%
Bloom Energy Corp A0.19%
Manhattan Associates Inc0.18%
Nrg Energy Inc0.18%
Autoliv Inc0.18%
Texas Pacific Land Corp0.17%
Icon PLC0.17%
Woodward Inc0.17%
Lattice Semiconductor Corp0.16%
Live Nation Entertainment In0.16%
Halozyme Therapeutics Inc0.16%
Ssc Government Mm Gvmxx0.15%
Godaddy Inc Class A0.14%
Carpenter Technology0.14%
Coupang Inc0.13%
Astera Labs Inc0.13%
Brightspring Health Services0.13%
Healthequity Inc0.13%
Macom Technology Solutions H0.13%
Gartner Inc0.13%
Murphy Usa Inc0.12%
Old National Bancorp0.12%
Rambus Inc0.12%
Affirm Holdings Inc0.12%
Moog Inc Class A0.12%
Credo Technology Group Holdi0.12%
Mastec Inc0.12%
Fabrinet0.12%
Umb Financial Corp0.11%
Heico Corp Class A0.11%
Brinker International Inc0.11%
Commercial Metals Co0.11%
Interdigital Inc0.11%

Only in VONV

380 securities, 79.8% of VONV by weight

Amazon.com Inc6.08%
Apple Inc6.06%
Microsoft Corp5.23%
Berkshire Hathaway Inc2.55%
JPMorgan Chase & Co2.43%
ExxonMobil Holdings Corp1.84%
Johnson & Johnson1.75%
Intel Corp1.51%
AbbVie Inc1.17%
Cisco Systems Inc1.17%
Walmart Inc1.14%
Chevron Corp1.04%
Merck & Co Inc0.99%
Procter & Gamble Co/The0.93%
UnitedHealth Group Inc0.91%
Bank of America Corp0.90%
Philip Morris International Inc0.82%
Coca-Cola Co/The0.81%
Meta Platforms Inc0.80%
Thermo Fisher Scientific Inc0.69%
RTX Corp0.69%
Goldman Sachs Group Inc/The0.67%
Wells Fargo & Co0.67%
Costco Wholesale Corp0.62%
Linde PLC0.60%
Morgan Stanley0.58%
International Business Machines Corp0.57%
QUALCOMM Inc0.53%
Verizon Communications Inc0.53%
Gilead Sciences Inc0.51%
Salesforce Inc0.50%
Walt Disney Co/The0.50%
Citigroup Inc0.50%
Analog Devices Inc0.49%
Abbott Laboratories0.47%
Welltower Inc0.46%
Deere & Co0.46%
McDonald's Corp0.45%
AT&T Inc0.45%
Pfizer Inc0.45%
Blackrock Inc0.44%
NextEra Energy Inc0.43%
ConocoPhillips0.42%
PepsiCo Inc0.42%
Union Pacific Corp0.41%
Charles Schwab Corp/The0.41%
Dell Technologies Inc0.39%
Eaton Corp PLC0.39%
Danaher Corp0.38%
Vertex Pharmaceuticals Inc0.36%

Weight gaps

The 100 widest of 503 Holdings in both funds.

Holding weights in JHMM and VONV, widest gap first
Holding	Gap	JHMM	VONV
Ebay IncEBAY	JHMM +0.44 points	0.53%	0.09%
Cardinal Health IncCAH	JHMM +0.42 points	0.50%	0.08%
Keysight Technologies InKEYS	JHMM +0.40 points	0.47%	0.07%
Rockwell Automation IncROK	JHMM +0.35 points	0.37%	0.02%
Hartford Insurance Group IncHIG	JHMM +0.35 points	0.44%	0.09%
Labcorp Holdings IncLH	JHMM +0.33 points	0.40%	0.07%
Entergy CorpETR	JHMM +0.33 points	0.46%	0.13%
Jones Lang Lasalle IncJLL	JHMM +0.32 points	0.36%	0.04%
State Street CorpSTT	JHMM +0.31 points	0.44%	0.13%
Quest Diagnostics IncDGX	JHMM +0.31 points	0.38%	0.07%
Viatris IncVTRS	JHMM +0.31 points	0.37%	0.06%
Exelixis IncEXEL	JHMM +0.31 points	0.34%	0.03%
Ametek IncAME	JHMM +0.30 points	0.46%	0.16%
Wabtec CorpWAB	JHMM +0.31 points	0.44%	0.13%
Tenet Healthcare CorpTHC	JHMM +0.30 points	0.36%	0.06%
Renaissancere Holdings LtdRNR	JHMM +0.28 points	0.32%	0.04%
Best Buy Co IncBBY	JHMM +0.28 points	0.33%	0.05%
Williams Sonoma IncWSM	JHMM +0.29 points	0.35%	0.06%
United Therapeutics CorpUTHR	JHMM +0.29 points	0.34%	0.06%
Netapp IncNTAP	JHMM +0.28 points	0.35%	0.07%
Synchrony FinancialSYF	JHMM +0.28 points	0.34%	0.06%
Pultegroup IncPHM	JHMM +0.27 points	0.33%	0.06%
Steel Dynamics IncSTLD	JHMM +0.27 points	0.35%	0.08%
Cheniere Energy IncLNG	JHMM +0.27 points	0.41%	0.14%
Devon Energy CorpDVN	JHMM +0.27 points	0.41%	0.14%
Fifth Third BancorpFITB	JHMM +0.26 points	0.39%	0.13%
Eversource EnergyES	JHMM +0.26 points	0.33%	0.07%
Ulta Beauty IncULTA	JHMM +0.27 points	0.32%	0.05%
Ge Healthcare TechnologyGEHC	JHMM +0.27 points	0.35%	0.08%
Omnicom GroupOMC	JHMM +0.26 points	0.32%	0.06%
Nextpower IncNXT	JHMM +0.26 points	0.29%	0.03%
Edison InternationalEIX	JHMM +0.25 points	0.31%	0.06%
Moderna IncMRNA	JHMM +0.26 points	0.45%	0.19%
Casey’s General Stores IncCASY	JHMM +0.25 points	0.26%	<0.01%
Cognizant Tech Solutions ACTSH	JHMM +0.25 points	0.32%	0.07%
Charles River LaboratoriesCRL	JHMM +0.25 points	0.29%	0.04%
Arch Capital Group LtdACGL	JHMM +0.25 points	0.33%	0.08%
Carnival Corp LtdCCL	JHMM +0.24 points	0.33%	0.09%
M & T Bank CorpMTB	JHMM +0.24 points	0.33%	0.09%
Corpay IncCPAY	JHMM +0.25 points	0.29%	0.04%
Nasdaq IncNDAQ	JHMM +0.25 points	0.36%	0.11%
Reliance IncRS	JHMM +0.25 points	0.30%	0.05%
Toll Brothers IncTOL	JHMM +0.25 points	0.28%	0.03%
Zebra Technologies Corp Class AZBRA	JHMM +0.23 points	0.28%	0.05%
Technipfmc PLCFTI	JHMM +0.24 points	0.28%	0.04%
Apa CorpAPA	JHMM +0.23 points	0.27%	0.04%
Cf Industries Holdings IncCF	JHMM +0.23 points	0.28%	0.05%
Nvr IncNVR	JHMM +0.23 points	0.26%	0.03%
Us Foods Holding CorpUSFD	JHMM +0.23 points	0.29%	0.06%
Garmin LtdGRMN	JHMM +0.23 points	0.36%	0.13%
Jazz Pharmaceuticals PLCJAZZ	JHMM +0.22 points	0.26%	0.04%
Resmed IncRMD	JHMM +0.22 points	0.31%	0.09%
Kroger CoKR	JHMM +0.22 points	0.31%	0.09%
Neurocrine Biosciences IncNBIX	JHMM +0.22 points	0.23%	<0.01%
Willis Towers Watson PLCWTW	JHMM +0.23 points	0.30%	0.07%
Interactive Brokers Gro Class AIBKR	JHMM +0.22 points	0.28%	0.06%
Raymond James Financial IncRJF	JHMM +0.22 points	0.29%	0.07%
Dollar Tree IncDLTR	JHMM +0.22 points	0.28%	0.06%
Evergy IncEVRG	JHMM +0.22 points	0.27%	0.05%
Mettler Toledo InternationalMTD	JHMM +0.22 points	0.30%	0.08%
Iqvia Holdings IncIQV	JHMM +0.22 points	0.34%	0.12%
Revvity IncRVTY	JHMM +0.22 points	0.27%	0.05%
Everpure Inc AP	JHMM +0.21 points	0.23%	0.02%
Wesco International IncWCC	JHMM +0.22 points	0.27%	0.05%
Solventum CorpSOLV	JHMM +0.21 points	0.25%	0.04%
Hasbro IncHAS	JHMM +0.21 points	0.24%	0.03%
Gen Digital IncGEN	JHMM +0.22 points	0.25%	0.03%
Northern Trust CorpNTRS	JHMM +0.22 points	0.30%	0.08%
Expeditors Intl Wash IncEXPD	JHMM +0.21 points	0.28%	0.07%
Coherent CorpCOHR	JHMM +0.21 points	0.33%	0.12%
Encompass Health CorpEHC	JHMM +0.22 points	0.25%	0.03%
Permian Resources Corp Class APR	JHMM +0.21 points	0.25%	0.04%
Ball CorpBALL	JHMM +0.21 points	0.25%	0.04%
Cbre Group Inc ACBRE	JHMM +0.22 points	0.31%	0.09%
Okta IncOKTA	JHMM +0.22 points	0.31%	0.09%
Dover CorpDOV	JHMM +0.21 points	0.28%	0.07%
Cboe Global Markets IncCBOE	JHMM +0.21 points	0.29%	0.08%
Biogen IncBIIB	JHMM +0.21 points	0.30%	0.09%
First Solar IncFSLR	JHMM +0.20 points	0.25%	0.05%
Prudential Financial IncPRU	JHMM +0.21 points	0.32%	0.11%
Pinnacle West CapitalPNW	JHMM +0.21 points	0.24%	0.03%
Centerpoint Energy IncCNP	JHMM +0.20 points	0.27%	0.07%
Twilio Inc ATWLO	JHMM +0.21 points	0.31%	0.10%
Ally Financial IncALLY	JHMM +0.20 points	0.23%	0.03%
Allegion PLCALLE	JHMM +0.20 points	0.24%	0.04%
Huntington Bancshares IncHBAN	JHMM +0.21 points	0.29%	0.08%
Regions Financial CorpRF	JHMM +0.21 points	0.27%	0.06%
Mks IncMKSI	JHMM +0.21 points	0.25%	0.04%
Assurant IncAIZ	JHMM +0.20 points	0.24%	0.04%
Reinsurance Group of AmericaRGA	JHMM +0.20 points	0.24%	0.04%
Service Corp InternationalSCI	JHMM +0.20 points	0.23%	0.03%
Waters CorpWAT	JHMM +0.20 points	0.32%	0.12%
Flex LtdFLEX	JHMM +0.20 points	0.31%	0.11%
Hubbell IncHUBB	JHMM +0.19 points	0.26%	0.07%
Agilent Technologies IncA	JHMM +0.20 points	0.33%	0.13%
Firstenergy CorpFE	JHMM +0.19 points	0.26%	0.07%
Ptc IncPTC	JHMM +0.20 points	0.24%	0.04%
Universal Health Services BUHS	JHMM +0.20 points	0.22%	0.02%
Carlisle Cos IncCSL	JHMM +0.20 points	0.23%	0.03%
Diamondback Energy IncFANG	JHMM +0.20 points	0.30%	0.10%

All 660 JHMM holdings⁠All 870 VONV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JHMM vs VONV Cost

Overpaying JHMM vs VONV

$7,011

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

JHMM 0.41%
$8,281
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

JHMM 0.41%
VONV 0.06%
Overpaying

Year by year

Year	JHMM	VONV	Overpaying
10	$741	$110	$631
20	$2,860	$432	$2,428
30	$8,281	$1,270	$7,011

Expense ratio

0.41%JHMM
0.06%VONV, cheaper

VONV0.06%JHMM0.41%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

JHMM 69th cheapest of 99 funds

JHMM vs VONV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): JHMM 0.89%; VONV 1.51%, better
Payout (12M): JHMM $0.66; VONV $1.74
Last payment: JHMM $0.29; VONV $0.42
Ex-dividend: JHMM Jun 26, 2026; VONV Sep 23, 2026
Paid on: JHMM Jun 30, 2026; VONV Sep 25, 2026
Frequency: JHMM Twice a year; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

JHMMTwice a year · 19 paymentsAll JHMM payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

JHMM vs VONV Risk

Fall from peak · 5 years

JHMM
VONV

Risk facts

VolatilityStd dev, 3 years: JHMM 14.4%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: JHMM 0.99VONV 1.43, better
Worst fallMax drawdown, 5 years: JHMM −24.1%VONV −18.9%, better
Market sensitivityBeta, 5 years: JHMM 0.98VONV 0.85; Market = 1

JHMM and VONV in the news

All news⁠

Best ETFs
Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value
Updated Nov 3, 2026VONV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VONV
Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VONV

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JHMM vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How JHMM and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JHMM

Only in VONV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value

The best value ETF depends on whose list you bought

US multifactor funds ran 30 points apart

How JHMM and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JHMM

Only in VONV

Weight gaps