IYE vs. JHMB
IYE (iShares U.S. Energy ETF) and JHMB (John Hancock Mortgage Backed Securities ETF) are both exchange-traded funds - IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index, while JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock. IYE is passively managed, while JHMB is actively managed. Over the past 3 years, IYE returned 15.02%/yr vs 5.12%/yr for JHMB. At a correlation of -0.11, they often move in opposite directions. IYE charges 0.42%/yr vs 0.39%/yr for JHMB.
Performance
IYE vs. JHMB - Performance Comparison
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Returns By Period
In the year-to-date period, IYE achieves a 30.18% return, which is significantly higher than JHMB's 0.64% return.
IYE
- 1D
- 1.19%
- 1M
- 6.13%
- 6M
- 22.40%
- YTD
- 30.18%
- 1Y
- 36.49%
- 3Y*
- 15.02%
- 5Y*
- 22.04%
- 10Y*
- 8.42%
JHMB
- 1D
- -0.23%
- 1M
- -0.34%
- 6M
- 0.10%
- YTD
- 0.64%
- 1Y
- 6.04%
- 3Y*
- 5.12%
- 5Y*
- —
- 10Y*
- —
IYE vs. JHMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 30.18% | 7.33% | 6.06% | -2.21% | 60.21% | 20.43% |
JHMB John Hancock Mortgage Backed Securities ETF | 0.64% | 7.89% | 3.52% | 7.21% | -10.24% | -0.88% |
Correlation
The correlation between IYE and JHMB is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | -0.11 |
Over the past year, the inverse relationship between IYE and JHMB has strengthened: their correlation has moved from -0.11 to -0.32, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IYE vs. JHMB — Risk / Return Rank
IYE
JHMB
IYE vs. JHMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) and John Hancock Mortgage Backed Securities ETF (JHMB). 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.
| IYE | JHMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.01 | +0.51 |
| Martin ratioReturn relative to average drawdown | 6.71 | 5.34 | +1.36 |
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Drawdowns
IYE vs. JHMB - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.74%, which is greater than JHMB's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for IYE and JHMB.
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Drawdown Indicators
| IYE | JHMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.74% | -14.53% | -59.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -3.01% | -11.53% |
Max Drawdown (3Y)Largest decline over 3 years | -20.37% | -5.80% | -14.57% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.59% | — | — |
Current DrawdownCurrent decline from peak | -7.01% | -1.57% | -5.44% |
Average DrawdownAverage peak-to-trough decline | -19.32% | -4.74% | -14.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 1.13% | +4.32% |
Volatility
IYE vs. JHMB - Volatility Comparison
iShares U.S. Energy ETF (IYE) has a higher volatility of 5.90% compared to John Hancock Mortgage Backed Securities ETF (JHMB) at 1.19%. This indicates that IYE's price experiences larger fluctuations and is considered to be riskier than JHMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYE | JHMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 1.19% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 2.92% | +13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.41% | 3.80% | +16.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.55% | 5.77% | +19.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.50% | 5.77% | +23.73% |
IYE vs. JHMB - Expense Ratio Comparison
IYE has a 0.42% expense ratio, which is higher than JHMB's 0.39% expense ratio.
Dividends
IYE vs. JHMB - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.18%, less than JHMB's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.18% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
JHMB John Hancock Mortgage Backed Securities ETF | 4.76% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IYE and JHMB have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYE has higher volatility (5.90%) compared to JHMB (1.19%). In terms of maximum drawdown, IYE dropped -73.74% vs JHMB's -14.53%.
On 3-year performance, IYE leads with 15.02% vs 5.12% for JHMB. On fees, JHMB is cheaper at 0.39% per year. On volatility, JHMB has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IYE has performed better with a 15.02% return vs 5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHMB is cheaper with a 0.39% expense ratio, compared with 0.42% for IYE.
JHMB has the higher dividend yield at 4.76%, compared with 2.18% for IYE.
IYE is categorized as Energy Equities, while JHMB is Intermediate Core-Plus Bond. They also come from different issuers: iShares and John Hancock. Their fees differ too: 0.42% for IYE and 0.39% for JHMB.
IYE currently has the higher Sharpe Ratio (1.80 vs 1.60), 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.
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