JHMM vs SCHM: Holdings Overlap
JHMMJohn Hancock Multifactor Mid Cap ETF
John Hancock · 666 holdings · $6.0B · as of 2026-03-31
Schwab · 496 holdings · $15.1B · as of 2026-05-31
Holdings snapshots are 61 days apart (JHMM: 2026-03-31, SCHM: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are JHMM and SCHM?
John Hancock Multifactor Mid Cap ETF (JHMM, by John Hancock) holds 666 positions; Schwab U.S. Mid-Cap ETF (SCHM, by Schwab) holds 496. They have 390 holdings in common, and by portfolio weight the two funds are 53.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 390JHMM holds 666 · SCHM holds 496
- Weight in Shared Holdings
- JHMM 54%·SCHM 86%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in JHMM
276 of 666 positions (45.9% of the fund) are not held by SCHM. Showing the top 30 by weight.
Sector Breakdown
| Sector | JHMM | SCHM |
|---|---|---|
| Industrials | 20.0% | 22.5% |
| Information Technology | 13.9% | 20.2% |
| Financials | 15.5% | 11.7% |
| Health Care | 10.7% | 10.8% |
| Consumer Discretionary | 9.8% | 9.5% |
| Other Sectors | 29.8% | 25.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JHMM | +3.3% | +17.3% | +24.7% | +15.8% | +8.8% | +11.9% | 0.86% |
| SCHM | +1.6% | +20.7% | +28.9% | +15.8% | +8.2% | +11.2% | 1.22% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in JHMM vs SCHM →
Shared Holdings(390)
The top 10 shared positions account for 7% of the overlap, led by CIEN, COHR and UTHR.
 CIENCiena Corporation COM NEW | 0.47% | 1.52% | 0.47% |
|---|---|---|---|
 COHRCoherent Corp COM | 0.44% | 1.26% | 0.44% |
 UTHRUnited Therapeutics Corporation COM | 0.39% | 0.44% | 0.39% |
 FLEXFlex Ltd. COM USD0.01 | 0.39% | 1.03% | 0.39% |
 LITELumentum Holdings Inc. COM | 0.37% | 1.13% | 0.37% |
 OMCOmnicom Group Inc COM | 0.36% | 0.42% | 0.36% |
 FTITechnipFMC PLC USD1 | 0.34% | 0.51% | 0.34% |
 TPRTapestry Inc COM | 0.33% | 0.55% | 0.33% |
 CFCF Industries Holdings, Inc. COM | 0.36% | 0.32% | 0.32% |
 TPLTexas Pacific Land Corporation COM | 0.32% | 0.42% | 0.32% |
 STLDSteel Dynamics, Inc. COM | 0.32% | 0.66% | 0.32% |
 NXTNextpower Inc. CLASS A COM | 0.31% | 0.43% | 0.31% |
 MKSIMKS Inc. COM | 0.31% | 0.40% | 0.31% |
 VTRSViatris Inc COM | 0.30% | 0.35% | 0.30% |
 AKAMAkamai Technologies, Inc. COM | 0.30% | 0.40% | 0.30% |
 CASYCasey'S General Stores Inc. COM | 0.29% | 0.53% | 0.29% |
 FTAIFTAI AVIATION LTD COMMON STOCK USD1.0 | 0.29% | 0.50% | 0.29% |
 OVVOvintiv Inc COM | 0.30% | 0.29% | 0.29% |
 EVRGEvergy Inc COM | 0.27% | 0.35% | 0.27% |
 XPOXPO Inc COM | 0.27% | 0.47% | 0.27% |
 THCTenet Healthcare Corporation COM NEW | 0.27% | 0.29% | 0.27% |
 FFIVF5 Inc COM | 0.27% | 0.40% | 0.27% |
 WCCWesco International, Inc. COM | 0.27% | 0.33% | 0.27% |
 PRPermian Resources Corporation Class A | 0.28% | 0.26% | 0.26% |
 USFDUS Foods Holding Corp COM | 0.26% | 0.33% | 0.26% |
Showing the top 250 of 390 shared holdings by overlap weight.
Frequently Asked Questions
How much do JHMM and SCHM overlap?
JHMM and SCHM overlap by 53.0% of portfolio weight. They share 390 holdings (JHMM holds 666 positions and SCHM holds 496), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JHMM and SCHM?
The two portfolios are 53.0% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of JHMM and SCHM?
The largest positions held by both funds are CIEN, COHR, UTHR, FLEX and LITE. Together the top 10 shared positions account for 7% of the total overlap.
What does JHMM own that SCHM doesn't?
276 positions (45.9% of JHMM) are unique to JHMM, led by TRGP, KEYS and FIX. In the other direction, 106 positions (13.9% of SCHM) are unique to SCHM.