JHEM vs SMMU

Comparison between JOHN HANCOCK MULTIFACTOR EMERGING MARKETS ETF (JHEM, ETF) and PIMCO SHORT TERM MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (SMMU, ETF).

5-Year PerformanceJHEM has outperformed SMMU, delivering a return of +7.7% compared to +1.9%

JHEM vs SMMU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JHEM(ETF)	SMMU(ETF)
Net Assets	$1B	$1.10B
Expense Ratio	0.49%	0.35%
Max Drawdown	34.99%	5.87%
Sharpe Ratio	1.27	-0.62
5Y Beta	0.80	0.00
5Y Dividends CAGR	12.37%	25.93%

Net Assets

JHEM

$1B

Winner

SMMU

$1.10B

Expense Ratio

JHEM

0.49%

Winner

SMMU

0.35%

Max Drawdown

JHEM

34.99%

Winner

SMMU

5.87%

Sharpe Ratio

Winner

JHEM

1.27

SMMU

-0.62

5Y Beta

JHEM

0.80

Winner

SMMU

0.00

5Y Dividends CAGR

JHEM

12.37%

Winner

SMMU

25.93%

JHEM vs SMMU - Historical Returns

Returns include dividend reinvestment.

Period	JHEM	SMMU
1 month	-6.39%	-0.07%
3 months	+5.36%	+0.26%
6 months	+13.24%	+0.70%
1 year	+33.41%	+3.12%
5 years(CAGR)	+7.71%	+1.89%
10 years(CAGR)	N/A	+1.81%
Max(CAGR)	+8.31%	+1.51%

JHEM

-6.39%

Winner

SMMU

-0.07%

Winner

JHEM

+5.36%

SMMU

+0.26%

Winner

JHEM

+13.24%

SMMU

+0.70%

Winner

JHEM

+33.41%

SMMU

+3.12%

5Y(CAGR)

Winner

JHEM

+7.71%

SMMU

+1.89%

10Y(CAGR)

JHEM

N/A

SMMU

+1.81%

Max(CAGR)

Winner

JHEM

+8.31%

SMMU

+1.51%

JHEM vs SMMU - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	JHEM	SMMU
2026	+16.43%	+1.03%
2025	+31.05%	+4.06%
2024	+6.02%	+2.65%
2023	+12.23%	+4.19%
2022	-18.34%	-2.49%
2021	+1.64%	+0.18%
2020	+9.89%	+2.85%
2019	+17.53%	+3.34%
2018	-7.41%	+1.45%
2017	N/A	+1.72%
2016	N/A	-0.96%
2015	N/A	+0.97%
2014	N/A	+0.38%
2013	N/A	+0.15%
2012	N/A	+1.19%
2011	N/A	+1.90%
2010	N/A	+0.74%

JHEM vs SMMU Drawdown Comparison

The maximum drawdown for JHEM was -34.99%, occurring on Mar 23, 2020. Recovery took 211 trading sessions.

The maximum drawdown for SMMU was -5.09%, occurring on Mar 20, 2020. Recovery took 61 trading sessions.

The current JHEM drawdown is -6.78%. The current SMMU drawdown is -0.26%.

Rank	JHEM	SMMU
#1	-34.99% Jan 13, 2020 - Nov 11, 2020	-5.09% Mar 9, 2020 - Jun 4, 2020
#2	-32.43% Feb 16, 2021 - Jun 12, 2025	-4.76% Aug 3, 2021 - Nov 22, 2023
#3	-12.34% Feb 27, 2026 - Apr 17, 2026	-3.53% Aug 31, 2016 - Apr 21, 2017
#4	-11.65% Apr 17, 2019 - Dec 12, 2019	-1.95% Apr 4, 2025 - Jun 5, 2025
#5	-10.86% Oct 1, 2018 - Jan 25, 2019	-1.87% Apr 19, 2013 - Feb 28, 2014
#6	-9.80% Jun 18, 2026 - Jul 20, 2026	-1.43% Sep 29, 2010 - May 16, 2011
#7	-7.96% Jun 2, 2026 - Jun 18, 2026	-1.31% Sep 5, 2017 - Jul 23, 2018
#8	-5.82% Jan 21, 2021 - Feb 9, 2021	-1.04% Oct 2, 2024 - Dec 3, 2024
#9	-5.79% May 8, 2026 - May 26, 2026	-1.04% Jun 6, 2017 - Aug 21, 2017
#10	-4.38% Oct 29, 2025 - Dec 26, 2025	-0.98% Dec 6, 2024 - Feb 4, 2025
#11	-4.10% Oct 6, 2025 - Oct 16, 2025	-0.84% Aug 19, 2019 - Dec 13, 2019
#12	-4.08% Feb 25, 2019 - Mar 18, 2019	-0.78% Sep 10, 2018 - Dec 6, 2018
#13	-3.41% Jul 23, 2025 - Aug 13, 2025	-0.77% Feb 27, 2026 - Jun 11, 2026
#14	-3.35% Mar 21, 2019 - Apr 3, 2019	-0.71% Aug 3, 2011 - Aug 18, 2011
#15	-3.10% Feb 5, 2019 - Feb 25, 2019	-0.68% Mar 13, 2024 - May 15, 2024

Correlation

Correlation between JHEM and SMMU is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2010 - 2026)

JHEM vs SMMU dividend yield comparison.

Year	JHEM	SMMU
2026	0.52%	1.43%
2025	2.39%	2.80%
2024	2.93%	3.03%
2023	2.87%	2.79%
2022	2.84%	1.37%
2021	2.71%	0.60%
2020	1.67%	1.19%
2019	2.37%	1.82%
2018	0.21%	1.57%
2017	0.00%	1.41%
2016	0.00%	1.03%
2015	0.00%	0.89%
2014	0.00%	0.67%
2013	0.00%	0.50%
2012	0.00%	1.05%
2011	0.00%	1.04%
2010	0.00%	1.05%