JHCB vs. JHAC

Last updated Apr 1, 2026

Compare and contrast key facts about John Hancock Corporate Bond ETF (JHCB) and John Hancock Fundamental All Cap Core ETF (JHAC).

JHCB and JHAC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHCB is an actively managed fund by John Hancock. It was launched on Mar 30, 2021. JHAC is an actively managed fund by John Hancock. It was launched on Nov 1, 2023.

Performance

JHCB vs. JHAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Corporate Bond ETF (JHCB) and John Hancock Fundamental All Cap Core ETF (JHAC). The values are adjusted to include any dividend payments, if applicable.

JHCB vs. JHAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JHCB John Hancock Corporate Bond ETF	-0.63%	8.02%	2.75%	8.71%
JHAC John Hancock Fundamental All Cap Core ETF	-10.30%	3.33%	23.65%	15.41%

Returns By Period

In the year-to-date period, JHCB achieves a -0.63% return, which is significantly higher than JHAC's -10.30% return.

JHCB

• 1D: 0.71%
• 1M: -2.01%
• YTD: -0.63%
• 6M: -0.12%
• 1Y: 4.75%
• 3Y*: 5.13%
• 5Y*: 0.77%
• 10Y*: —

JHAC

• 1D: 1.89%
• 1M: -6.53%
• YTD: -10.30%
• 6M: -11.18%
• 1Y: 2.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHCB vs. JHAC - Expense Ratio Comparison

JHCB has a 0.29% expense ratio, which is lower than JHAC's 0.72% expense ratio.

JHAC

John Hancock Fundamental All Cap Core ETF

JHCB

John Hancock Corporate Bond ETF

Return for Risk

JHCB vs. JHAC — Risk / Return Rank

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

JHCB

JHCB Risk / Return Rank: 43
JHCB Sharpe Ratio Rank: 45
JHCB Sortino Ratio Rank: 41
JHCB Omega Ratio Rank: 41
JHCB Calmar Ratio Rank: 44
JHCB Martin Ratio Rank: 42

JHAC

JHAC Risk / Return Rank: 16
JHAC Sharpe Ratio Rank: 15
JHAC Sortino Ratio Rank: 16
JHAC Omega Ratio Rank: 16
JHAC Calmar Ratio Rank: 16
JHAC Martin Ratio Rank: 16

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. JHAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Corporate Bond ETF (JHCB) and John Hancock Fundamental All Cap Core ETF (JHAC). 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	JHAC	Difference
Sharpe ratio Return per unit of total volatility	0.85	0.13	+0.72
Sortino ratio Return per unit of downside risk	1.16	0.33	+0.83
Omega ratio Gain probability vs. loss probability	1.16	1.05	+0.12
Calmar ratio Return relative to maximum drawdown	1.17	0.17	+1.00
Martin ratio Return relative to average drawdown	4.00	0.54	+3.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHCB vs. JHAC - Sharpe Ratio Comparison

The current JHCB Sharpe Ratio is 0.85, which is higher than the JHAC Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of JHCB and JHAC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JHCB	JHAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.13	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.70	-0.57

Correlation

The correlation between JHCB and JHAC is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JHCB vs. JHAC - Dividend Comparison

JHCB's dividend yield for the trailing twelve months is around 4.99%, more than JHAC's 0.64% yield.

	TTM	2025	2024	2023	2022	2021
JHCB John Hancock Corporate Bond ETF	4.99%	4.92%	5.02%	4.35%	3.86%	2.41%
JHAC John Hancock Fundamental All Cap Core ETF	0.64%	0.58%	0.66%	0.17%	0.00%	0.00%

Drawdowns

JHCB vs. JHAC - Drawdown Comparison

The maximum JHCB drawdown since its inception was -22.61%, smaller than the maximum JHAC drawdown of -24.43%. Use the drawdown chart below to compare losses from any high point for JHCB and JHAC.

Drawdown Indicators

	JHCB	JHAC	Difference
Max Drawdown Largest peak-to-trough decline	-22.61%	-24.43%	+1.82%
Max Drawdown (1Y) Largest decline over 1 year	-4.16%	-15.24%	+11.08%
Max Drawdown (5Y) Largest decline over 5 years	-22.61%	—	—
Current Drawdown Current decline from peak	-2.02%	-13.64%	+11.62%
Average Drawdown Average peak-to-trough decline	-8.45%	-3.79%	-4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	4.75%	-3.54%

Volatility

JHCB vs. JHAC - Volatility Comparison

The current volatility for John Hancock Corporate Bond ETF (JHCB) is 2.26%, while John Hancock Fundamental All Cap Core ETF (JHAC) has a volatility of 4.95%. This indicates that JHCB experiences smaller price fluctuations and is considered to be less risky than JHAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHCB	JHAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	4.95%	-2.69%
Volatility (6M) Calculated over the trailing 6-month period	3.12%	10.15%	-7.03%
Volatility (1Y) Calculated over the trailing 1-year period	5.62%	20.24%	-14.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.95%	17.77%	-10.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.95%	17.77%	-10.82%