Which returned more over the last year, FSMD or JHMM?

In the year to Nov 4, 2026, with distributions reinvested, FSMD returned +20.2% and JHMM +18.0%.

Which is cheaper, FSMD or JHMM?

FSMD is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FSMD and JHMM overlap with the S&P 500?

By their latest filed holdings, 15% of FSMD and 52% of JHMM by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

FSMD vs JHMM: Differences, Returns & Fees

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Over the year to Nov 4, 2026, FSMD returned +20.2% to JHMM's +18.0%; 37% of their weight is in the same names.

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Net assets: $2.5bn on Sep 30, 2026 for Fidelity Small-Mid Multifactor ETF, and $5.8bn on Jun 30, 2026 for John Hancock Multifactor Mid Cap ETF.

FSMD on its own →JHMM on its own →

At a glance

+20.2%

FSMD total return, 1 year

+18.0%

JHMM total return, 1 year

0.15%

FSMD expense ratio

0.41%

JHMM expense ratio

Pair scorecard

FSMD costs 0.26 points a year less; their one-year returns differ by 2.2 points.

FSMD vs JHMM: Differences, Returns & Fees
Measure	FSMD	JHMM
Return
Measure	FSMD	JHMM
Total return, 1 year	+20.2%	+18.0%
Drawdown
Measure	FSMD	JHMM
Below its high	4.3%, high on Aug 17, 2026	3.5%, high on Aug 14, 2026
Benchmark
Measure	FSMD	JHMM
What it tracks	Fidelity Small-Mid Multifactor Index	John Hancock Dimensional Mid Cap Index
Cost and size
Measure	FSMD	JHMM
Expense ratio	0.15%	0.41%
Net assets, FSMD as of Sep 30, 2026 and JHMM as of Jun 30, 2026	$2.5bn	$5.8bn
Holdings
Measure	FSMD	JHMM
Holdings in common	37%
Top ten holdings, share of the fund	8.2%	6.1%

Method

What they share

37%

By the books each fund has filed, FSMD and JHMM hold 37% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

37% in common

Positions both hold · largest shared weight first FSMD JHMM

FLEX LTD 0.66% 0.85%

COMFORT SYSTEMS USA INC 0.87% 0.64%

COHERENT CORP 0.61% 0.65%

CIENA CORP 0.78% 0.53%

LUMENTUM HOLDINGS INC 0.75% 0.41%

EMCOR GROUP INC 0.53% 0.38%

MKS INC 0.34% 0.54%

UNITED THERAPEUTICS CORP DEL 0.37% 0.32%

TAPESTRY INC 0.50% 0.31%

CARPENTER TECHNOLOGY CORP 0.42% 0.29%

CASEY'S GENERAL STORES INC 0.55% 0.29%

TECHNIPFMC PLC 0.48% 0.29%

Only in one fund ↓

Only in FSMD

SANDISK CORP 2.33%

ANGLOGOLD ASHANTI PLC 0.49%

CORCEPT THERAPEUTICS INC 0.35%

IRIDIUM COMMUNICATIONS INC 0.30%

ANNALY CAPITAL MANAGEMENT INC 0.28%

VIASAT INC 0.24%

PAR PACIFIC HOLDINGS INC 0.22%

ENOVA INTERNATIONAL INC 0.22%

Only in JHMM

Teradyne Inc. 0.64%

Hewlett Packard Enterprise Company 0.60%

Keysight Technologies Inc. 0.58%

Monolithic Power Systems Inc. 0.52%

Targa Resources Corp. 0.51%

AMETEK Inc. 0.47%

Rockwell Automation Inc. 0.47%

eBay Inc. 0.46%

Check overlap with more funds →

Side by side

FSMD Fidelity Small-Mid Multifactor ETF JHMM John Hancock Multifactor Mid Cap ETF

Where it sits Stock ETF Stock ETF

Issuer Fidelity John Hancock

What it is Tracks an index Tracks an index

Total return, 1 year +20.2% +18.0%

Its benchmark over the same days not measured +14.8% (IWV)

Gap to its benchmark not measured +3.2 pts vs IWV

Expense ratio 0.15% 0.41%

Already in the S&P 500 14.6% 52.5%

Holdings 586 662

Net assets, FSMD as of Sep 30, 2026 and JHMM as of Jun 30, 2026 $2.5bn $5.8bn

FSMD and JHMM on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund

FSMD

FSMD tracks an index. Over the year to Nov 4, 2026 it returned +20.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 15% of the fund by weight is stocks the S&P 500 also holds, across 586 positions, with the top ten at 8.2%. It sat 4.3% below its high of Aug 17, 2026 on Nov 4, 2026.

JHMM

Over the year to Nov 4, 2026 it returned +18.0% with distributions reinvested, against +14.8% for its benchmark, the Russell 3000 Index.

JHMM tracks an index. The prospectus expense ratio is 0.41% a year. By its holdings filed for Jun 30, 2026, 52% of the fund by weight is stocks the S&P 500 also holds, across 662 positions, with the top ten at 6.1%. It sat 3.5% below its high of Aug 14, 2026 on Nov 4, 2026.

Questions people ask

Which returned more over the last year, FSMD or JHMM?: In the year to Nov 4, 2026, with distributions reinvested, FSMD returned +20.2% and JHMM +18.0%.
Which is cheaper, FSMD or JHMM?: FSMD is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FSMD and JHMM overlap with the S&P 500?: By their latest filed holdings, 15% of FSMD and 52% of JHMM by weight is stocks the S&P 500 already holds.

Other comparisons

FSMD vs XMHQ FSMD vs XMMO FSMD vs VFLO FSMD vs IJK JHMM vs KOMP JHMM vs MDYG JHMM vs SPGP JHMM vs JMEE

Where to next

FSMD on its own →JHMM on its own →Hold both: look the portfolio through →Rankings →FSMD dividend history →FSMD holdings →JHMM dividend history →JHMM holdings →Standards and sources →

Sources and dates

FSMD filings on SEC EDGAR ↗

FSMD prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

JHMM filings on SEC EDGAR ↗

JHMM prospectus with the expense ratio (SEC) ↗

John Hancock website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

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ETFIQ, FSMD against JHMM, data as of Nov 4, 2026. https://etfiq.com/compare/any/fsmd-vs-jhmm

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