JHCB vs. JDVL

Last updated Jun 24, 2026

JHCB (John Hancock Corporate Bond ETF) and JDVL (John Hancock Disciplined Value Select ETF) are both exchange-traded funds - JHCB is a Corporate Bonds fund actively managed by John Hancock, while JDVL is a Large Cap Value Equities fund actively managed by John Hancock. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. JHCB charges 0.29%/yr vs 0.56%/yr for JDVL.

Performance

JHCB vs. JDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Corporate Bond ETF (JHCB) and John Hancock Disciplined Value Select ETF (JDVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHCB achieves a 0.75% return, which is significantly lower than JDVL's 15.43% return.

JHCB

• 1D: 0.19%
• 1M: 0.94%
• YTD: 0.75%
• 6M: 0.72%
• 1Y: 4.93%
• 3Y*: 5.69%
• 5Y*: 0.53%
• 10Y*: —

JDVL

• 1D: -1.90%
• 1M: 4.32%
• YTD: 15.43%
• 6M: 14.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHCB vs. JDVL - Yearly Performance Comparison

	2026 (YTD)	2025
JHCB John Hancock Corporate Bond ETF	0.75%	2.28%
JDVL John Hancock Disciplined Value Select ETF	15.43%	10.04%

Correlation

The correlation between JHCB and JDVL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.39

Return for Risk

JHCB vs. JDVL — Risk / Return Rank

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

JHCB

JHCB Risk / Return Rank: 34
JHCB Sharpe Ratio Rank: 34
JHCB Sortino Ratio Rank: 33
JHCB Omega Ratio Rank: 32
JHCB Calmar Ratio Rank: 33
JHCB Martin Ratio Rank: 35

JDVL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

JHCB vs. JDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Corporate Bond ETF (JHCB) and John Hancock Disciplined Value Select ETF (JDVL). 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.

	JHCB	JDVL	Difference
Sharpe ratio: Return per unit of total volatility	1.14	—	—
Sortino ratio: Return per unit of downside risk	1.66	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.57	—	—
Martin ratio: Return relative to average drawdown	5.04	—	—

Drawdowns

JHCB vs. JDVL - Drawdown Comparison

The maximum JHCB drawdown since its inception was -22.61%, which is greater than JDVL's maximum drawdown of -9.17%. Use the drawdown chart below to compare losses from any high point for JHCB and JDVL.

Drawdown Indicators

	JHCB	JDVL	Difference
Max Drawdown Largest peak-to-trough decline	-22.61%	-9.17%	-13.44%
Max Drawdown (1Y) Largest decline over 1 year	-3.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.61%	—	—
Current Drawdown Current decline from peak	-0.67%	-1.90%	+1.23%
Average Drawdown Average peak-to-trough decline	-8.13%	-1.30%	-6.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	—	—

Volatility

Volatility by Period

	JHCB	JDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.36%	14.41%	-10.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.94%	14.41%	-7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.85%	14.41%	-7.56%

JHCB vs. JDVL - Expense Ratio Comparison

JHCB has a 0.29% expense ratio, which is lower than JDVL's 0.56% expense ratio.

Dividends

JHCB vs. JDVL - Dividend Comparison

JHCB's dividend yield for the trailing twelve months is around 4.94%, more than JDVL's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021
JDVL John Hancock Disciplined Value Select ETF	1.48%	1.71%	0.00%	0.00%	0.00%	0.00%
JHCB John Hancock Corporate Bond ETF	4.94%	4.92%	5.02%	4.35%	3.86%	2.41%

Frequently Asked Questions

Can I hold both JHCB and JDVL in my portfolio?

JHCB and JDVL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHCB or JDVL?

On fees, JHCB is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHCB or JDVL?

JHCB is cheaper with a 0.29% expense ratio, compared with 0.56% for JDVL.

Which ETF pays a higher dividend yield, JHCB or JDVL?

JHCB has the higher dividend yield at 4.94%, compared with 1.48% for JDVL.

What is the main difference between JHCB and JDVL?

JHCB is categorized as Corporate Bonds, while JDVL is Large Cap Value Equities. Their fees differ too: 0.29% for JHCB and 0.56% for JDVL.