APCB vs. JHCP

Last updated Jun 23, 2026

APCB (ActivePassive Core Bond ETF) and JHCP (John Hancock Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, APCB returned 4.35% vs 5.40% for JHCP. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.36% expense ratio.

Performance

APCB vs. JHCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ActivePassive Core Bond ETF (APCB) and John Hancock Core Plus Bond ETF (JHCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APCB achieves a 0.46% return, which is significantly lower than JHCP's 0.55% return.

APCB

• 1D: -0.17%
• 1M: 0.68%
• YTD: 0.46%
• 6M: 0.76%
• 1Y: 4.35%
• 3Y*: 4.01%
• 5Y*: —
• 10Y*: —

JHCP

• 1D: -0.22%
• 1M: 0.69%
• YTD: 0.55%
• 6M: 0.96%
• 1Y: 5.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APCB vs. JHCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
APCB ActivePassive Core Bond ETF	0.46%	6.87%	-0.80%
JHCP John Hancock Core Plus Bond ETF	0.55%	7.59%	-1.05%

Correlation

The correlation between APCB and JHCP is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.83

The correlation between APCB and JHCP has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

APCB vs. JHCP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APCB

APCB Risk / Return Rank: 36
APCB Sharpe Ratio Rank: 37
APCB Sortino Ratio Rank: 37
APCB Omega Ratio Rank: 35
APCB Calmar Ratio Rank: 35
APCB Martin Ratio Rank: 33

JHCP

JHCP Risk / Return Rank: 36
JHCP Sharpe Ratio Rank: 37
JHCP Sortino Ratio Rank: 37
JHCP Omega Ratio Rank: 33
JHCP Calmar Ratio Rank: 40
JHCP Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APCB vs. JHCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ActivePassive Core Bond ETF (APCB) and John Hancock Core Plus Bond ETF (JHCP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	APCB	JHCP	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.28	0.00
Sortino ratio: Return per unit of downside risk	1.89	1.89	+0.01
Omega ratio: Gain probability vs. loss probability	1.23	1.22	+0.01
Calmar ratio: Return relative to maximum drawdown	1.69	1.92	-0.23
Martin ratio: Return relative to average drawdown	4.84	5.24	-0.41

APCB vs. JHCP - Sharpe Ratio Comparison

The current APCB Sharpe Ratio is 1.28, which is comparable to the JHCP Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of APCB and JHCP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APCB vs. JHCP - Drawdown Comparison

The maximum APCB drawdown since its inception was -6.42%, which is greater than JHCP's maximum drawdown of -3.06%. Use the drawdown chart below to compare losses from any high point for APCB and JHCP.

Drawdown Indicators

	APCB	JHCP	Difference
Max Drawdown Largest peak-to-trough decline	-6.42%	-3.06%	-3.36%
Max Drawdown (1Y) Largest decline over 1 year	-2.58%	-2.82%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-5.32%	—	—
Current Drawdown Current decline from peak	-1.24%	-1.35%	+0.11%
Average Drawdown Average peak-to-trough decline	-1.51%	-0.88%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.03%	-0.13%

Volatility

APCB vs. JHCP - Volatility Comparison

The current volatility for ActivePassive Core Bond ETF (APCB) is 1.01%, while John Hancock Core Plus Bond ETF (JHCP) has a volatility of 1.08%. This indicates that APCB experiences smaller price fluctuations and is considered to be less risky than JHCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APCB	JHCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	1.08%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	2.54%	3.05%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	3.42%	4.25%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.83%	4.85%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.83%	4.85%	-0.02%

APCB vs. JHCP - Expense Ratio Comparison

Both APCB and JHCP have an expense ratio of 0.36%.

Dividends

APCB vs. JHCP - Dividend Comparison

APCB's dividend yield for the trailing twelve months is around 4.34%, less than JHCP's 4.65% yield.

Position	TTM	2025	2024	2023
APCB ActivePassive Core Bond ETF	4.34%	4.35%	4.74%	2.22%
JHCP John Hancock Core Plus Bond ETF	4.65%	4.79%	0.20%	0.00%

Frequently Asked Questions

Can I hold both APCB and JHCP in my portfolio?

APCB and JHCP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APCB or JHCP?

JHCP has higher volatility (1.08%) compared to APCB (1.01%). In terms of maximum drawdown, APCB dropped -6.42% vs JHCP's -3.06%.

Which ETF is better, APCB or JHCP?

On 1-year performance, JHCP leads with 5.40% vs 4.35% for APCB. Both ETFs have the same 0.36% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APCB or JHCP?

Over the 1-year period, JHCP has performed better with a 5.40% return vs 4.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APCB or JHCP?

APCB and JHCP have the same expense ratio: 0.36% per year.

Which ETF pays a higher dividend yield, APCB or JHCP?

JHCP has the higher dividend yield at 4.65%, compared with 4.34% for APCB.

What is the main difference between APCB and JHCP?

They also come from different issuers: ActivePassive and John Hancock.

Which has better risk-adjusted returns?

APCB currently has the higher Sharpe Ratio (1.28 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.