JHCB vs. JHDG

Last updated Aug 2, 2026

JHCB (John Hancock Corporate Bond ETF) and JHDG (John Hancock Hedged Equity ETF) are both exchange-traded funds - JHCB is a Corporate Bonds fund actively managed by John Hancock, while JHDG is a Equity Hedged fund actively managed by John Hancock. Both are actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. JHCB charges 0.29%/yr vs 0.49%/yr for JHDG.

Performance

JHCB vs. JHDG - Performance Comparison

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

Returns By Period

JHCB

• 1D: -0.29%
• 1M: -1.98%
• 6M: -1.36%
• YTD: -1.01%
• 1Y: 1.55%
• 3Y*: 5.05%
• 5Y*: -0.15%
• 10Y*: —
• ALL TIME*: 0.72%

JHDG

• 1D: 1.56%
• 1M: 2.75%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JHCB John Hancock Corporate Bond ETF	$496.05K	$369.71K	$346.04K
JHDG John Hancock Hedged Equity ETF	$1.27M	$1.09M	$1.11M

JHCB vs. JHDG - Yearly Performance Comparison

	2026 (YTD)
JHCB John Hancock Corporate Bond ETF	-0.86%
JHDG John Hancock Hedged Equity ETF	9.43%

Correlation

The correlation between JHCB and JHDG is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.47

Return for Risk

JHCB vs. JHDG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JHCB

JHCB Risk / Return Rank: 22
JHCB Sharpe Ratio Rank: 22
JHCB Sortino Ratio Rank: 20
JHCB Omega Ratio Rank: 20
JHCB Calmar Ratio Rank: 22
JHCB Martin Ratio Rank: 24

JHDG

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JHCB vs. JHDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Corporate Bond ETF (JHCB) and John Hancock Hedged Equity ETF (JHDG). 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	JHDG	Difference
Sharpe ratio: Return per unit of total volatility	0.47	—	—
Sortino ratio: Return per unit of downside risk	0.69	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.64	—	—
Martin ratio: Return relative to average drawdown	1.87	—	—

Drawdowns

JHCB vs. JHDG - Drawdown Comparison

The maximum JHCB drawdown since its inception was -22.61%, which is greater than JHDG's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for JHCB and JHDG.

Drawdown Indicators

	JHCB	JHDG	Difference
Max Drawdown Largest peak-to-trough decline	-22.61%	-3.25%	-19.36%
Max Drawdown (1Y) Largest decline over 1 year	-3.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.57%	—	—
Current Drawdown Current decline from peak	-2.40%	0.00%	-2.40%
Average Drawdown Average peak-to-trough decline	-7.99%	-0.70%	-7.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	—	—

Volatility

Volatility by Period

	JHCB	JHDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.30%	11.74%	-7.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.94%	11.74%	-4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.81%	11.74%	-4.93%

JHCB vs. JHDG - Expense Ratio Comparison

JHCB has a 0.29% expense ratio, which is lower than JHDG's 0.49% expense ratio.

Dividends

JHCB vs. JHDG - Dividend Comparison

JHCB's dividend yield for the trailing twelve months is around 5.13%, more than JHDG's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021
JHCB John Hancock Corporate Bond ETF	5.13%	4.92%	5.02%	4.35%	3.86%	2.41%
JHDG John Hancock Hedged Equity ETF	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHCB and JHDG in my portfolio?

JHCB and JHDG have a correlation of 0.47, 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 JHDG?

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 JHDG?

JHCB is cheaper with a 0.29% expense ratio, compared with 0.49% for JHDG.

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

JHCB has the higher dividend yield at 5.13%, compared with 0.10% for JHDG.

What is the main difference between JHCB and JHDG?

JHCB is categorized as Corporate Bonds, while JHDG is Equity Hedged. Their fees differ too: 0.29% for JHCB and 0.49% for JHDG.