JHCB vs. FLDR
JHCB (John Hancock Corporate Bond ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both Corporate Bonds funds. JHCB is actively managed, while FLDR is passively managed. Over the past 5 years, JHCB returned 0.64%/yr vs 3.70%/yr for FLDR. A 0.59 correlation means they provide meaningful diversification when combined. JHCB charges 0.29%/yr vs 0.15%/yr for FLDR.
Performance
JHCB vs. FLDR - Performance Comparison
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Returns By Period
In the year-to-date period, JHCB achieves a 0.37% return, which is significantly lower than FLDR's 1.44% return.
JHCB
- 1D
- -0.19%
- 1M
- 0.63%
- YTD
- 0.37%
- 6M
- -0.08%
- 1Y
- 5.68%
- 3Y*
- 5.68%
- 5Y*
- 0.64%
- 10Y*
- —
FLDR
- 1D
- -0.02%
- 1M
- 0.41%
- YTD
- 1.44%
- 6M
- 1.76%
- 1Y
- 4.76%
- 3Y*
- 5.36%
- 5Y*
- 3.70%
- 10Y*
- —
JHCB vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JHCB John Hancock Corporate Bond ETF | 0.37% | 8.02% | 2.75% | 8.89% | -15.93% | 3.41% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.44% | 5.41% | 5.71% | 6.32% | -0.33% | 0.35% |
Correlation
The correlation between JHCB and FLDR is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.59 |
The correlation between JHCB and FLDR has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
JHCB vs. FLDR — Risk / Return Rank
JHCB
FLDR
JHCB vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Corporate Bond ETF (JHCB) and Fidelity Low Duration Bond Factor ETF (FLDR). 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.
| JHCB | FLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.65 | ||
| Sortino ratioReturn per unit of downside risk | -8.17 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 2.75 | -1.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 10.24 | -8.43 |
| Martin ratioReturn relative to average drawdown | 5.94 | 70.25 | -64.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JHCB | FLDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 5.95 | -4.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 3.07 | -2.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.62 | -0.46 |
Drawdowns
JHCB vs. FLDR - Drawdown Comparison
The maximum JHCB drawdown since its inception was -22.61%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for JHCB and FLDR.
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Drawdown Indicators
| JHCB | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.61% | -12.23% | -10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -0.47% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -6.54% | -0.76% | -5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -22.61% | -2.33% | -20.28% |
Current DrawdownCurrent decline from peak | -1.04% | -0.02% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -0.35% | -7.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.07% | +0.89% |
Volatility
JHCB vs. FLDR - Volatility Comparison
John Hancock Corporate Bond ETF (JHCB) has a higher volatility of 1.42% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.19%. This indicates that JHCB's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHCB | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 0.19% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 0.58% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 0.80% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | 1.21% | +5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 5.26% | +1.62% |
JHCB vs. FLDR - Expense Ratio Comparison
JHCB has a 0.29% expense ratio, which is higher than FLDR's 0.15% expense ratio.
Dividends
JHCB vs. FLDR - Dividend Comparison
JHCB's dividend yield for the trailing twelve months is around 4.96%, more than FLDR's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.43% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% |
JHCB John Hancock Corporate Bond ETF | 4.96% | 4.92% | 5.02% | 4.35% | 3.86% | 2.41% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JHCB and FLDR have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHCB has higher volatility (1.42%) compared to FLDR (0.19%). In terms of maximum drawdown, JHCB dropped -22.61% vs FLDR's -12.23%.
On 5-year performance, FLDR leads with 3.70% vs 0.64% for JHCB. On fees, FLDR is cheaper at 0.15% per year. On volatility, FLDR has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLDR has performed better with a 3.70% return vs 0.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLDR is cheaper with a 0.15% expense ratio, compared with 0.29% for JHCB.
JHCB has the higher dividend yield at 4.96%, compared with 4.43% for FLDR.
They also come from different issuers: John Hancock and Fidelity. Their fees differ too: 0.29% for JHCB and 0.15% for FLDR.
FLDR currently has the higher Sharpe Ratio (5.95 vs 1.30), 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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