JDVI vs. JHMB

Last updated Jun 23, 2026

JDVI (John Hancock Disciplined Value International Select ETF) and JHMB (John Hancock Mortgage Backed Securities ETF) are both exchange-traded funds - JDVI is a Foreign Large Cap Equities fund actively managed by John Hancock, while JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock. Both are actively managed. Over the past year, JDVI returned 29.26% vs 6.10% for JHMB. At a 0.26 correlation, their price movements are largely independent. JDVI charges 0.69%/yr vs 0.39%/yr for JHMB.

Performance

JDVI vs. JHMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Disciplined Value International Select ETF (JDVI) and John Hancock Mortgage Backed Securities ETF (JHMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDVI achieves a 10.84% return, which is significantly higher than JHMB's 0.64% return.

JDVI

• 1D: -0.31%
• 1M: 0.29%
• YTD: 10.84%
• 6M: 11.64%
• 1Y: 29.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JHMB

• 1D: -0.11%
• 1M: 0.67%
• YTD: 0.64%
• 6M: 0.69%
• 1Y: 6.10%
• 3Y*: 5.13%
• 5Y*: —
• 10Y*: —

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

JDVI vs. JHMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JDVI John Hancock Disciplined Value International Select ETF	10.84%	42.97%	0.68%	0.84%
JHMB John Hancock Mortgage Backed Securities ETF	0.64%	7.89%	3.52%	0.96%

Correlation

The correlation between JDVI and JHMB is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	0.26

The correlation between JDVI and JHMB shifts across timeframes, from 0.26 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JDVI vs. JHMB — Risk / Return Rank

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

JDVI

JDVI Risk / Return Rank: 51
JDVI Sharpe Ratio Rank: 52
JDVI Sortino Ratio Rank: 50
JDVI Omega Ratio Rank: 51
JDVI Calmar Ratio Rank: 49
JDVI Martin Ratio Rank: 52

JHMB

JHMB Risk / Return Rank: 45
JHMB Sharpe Ratio Rank: 48
JHMB Sortino Ratio Rank: 52
JHMB Omega Ratio Rank: 45
JHMB Calmar Ratio Rank: 42
JHMB Martin Ratio Rank: 37

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.

JDVI vs. JHMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value International Select ETF (JDVI) 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.

	JDVI	JHMB	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.61	+0.13
Sortino ratio: Return per unit of downside risk	2.37	2.45	-0.08
Omega ratio: Gain probability vs. loss probability	1.31	1.28	+0.03
Calmar ratio: Return relative to maximum drawdown	2.35	2.04	+0.31
Martin ratio: Return relative to average drawdown	8.77	5.57	+3.20

JDVI vs. JHMB - Sharpe Ratio Comparison

The current JDVI Sharpe Ratio is 1.73, which is comparable to the JHMB Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of JDVI and JHMB, 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

JDVI vs. JHMB - Drawdown Comparison

The maximum JDVI drawdown since its inception was -14.97%, roughly equal to the maximum JHMB drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for JDVI and JHMB.

Drawdown Indicators

	JDVI	JHMB	Difference
Max Drawdown Largest peak-to-trough decline	-14.97%	-14.53%	-0.44%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-3.01%	-9.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.80%	—
Current Drawdown Current decline from peak	-2.06%	-1.57%	-0.49%
Average Drawdown Average peak-to-trough decline	-2.78%	-4.79%	+2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	1.10%	+2.25%

Volatility

JDVI vs. JHMB - Volatility Comparison

John Hancock Disciplined Value International Select ETF (JDVI) has a higher volatility of 5.69% compared to John Hancock Mortgage Backed Securities ETF (JHMB) at 1.15%. This indicates that JDVI'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.

Volatility by Period

	JDVI	JHMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	1.15%	+4.54%
Volatility (6M) Calculated over the trailing 6-month period	14.66%	2.83%	+11.83%
Volatility (1Y) Calculated over the trailing 1-year period	16.99%	3.83%	+13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	5.79%	+10.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	5.79%	+10.79%

JDVI vs. JHMB - Expense Ratio Comparison

JDVI has a 0.69% expense ratio, which is higher than JHMB's 0.39% expense ratio.

Dividends

JDVI vs. JHMB - Dividend Comparison

JDVI's dividend yield for the trailing twelve months is around 2.19%, less than JHMB's 4.72% yield.

Position	TTM	2025	2024	2023	2022	2021
JDVI John Hancock Disciplined Value International Select ETF	2.19%	2.43%	1.87%	0.00%	0.00%	0.00%
JHMB John Hancock Mortgage Backed Securities ETF	4.72%	4.48%	4.88%	4.04%	4.17%	0.98%

Frequently Asked Questions

Can I hold both JDVI and JHMB in my portfolio?

JDVI and JHMB have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDVI or JHMB?

JDVI has higher volatility (5.69%) compared to JHMB (1.15%). In terms of maximum drawdown, JDVI dropped -14.97% vs JHMB's -14.53%.

Which ETF is better, JDVI or JHMB?

On 1-year performance, JDVI leads with 29.26% vs 6.10% for JHMB. On fees, JHMB is cheaper at 0.39% per year. On volatility, JHMB has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JDVI or JHMB?

Over the 1-year period, JDVI has performed better with a 29.26% return vs 6.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDVI or JHMB?

JHMB is cheaper with a 0.39% expense ratio, compared with 0.69% for JDVI.

Which ETF pays a higher dividend yield, JDVI or JHMB?

JHMB has the higher dividend yield at 4.72%, compared with 2.19% for JDVI.

What is the main difference between JDVI and JHMB?

JDVI is categorized as Foreign Large Cap Equities, while JHMB is Intermediate Core-Plus Bond. Their fees differ too: 0.69% for JDVI and 0.39% for JHMB.

Which has better risk-adjusted returns?

JDVI currently has the higher Sharpe Ratio (1.73 vs 1.61), 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.