JHCB vs. JHMB
JHCB (John Hancock Corporate Bond ETF) and JHMB (John Hancock Mortgage Backed Securities ETF) are both exchange-traded funds - JHCB is a Corporate Bonds 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 3 years, JHCB returned 5.05%/yr vs 5.17%/yr for JHMB. Their 0.67 correlation means they have sometimes moved together and sometimes differently. JHCB charges 0.29%/yr vs 0.39%/yr for JHMB.
Performance
JHCB vs. JHMB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JHCB achieves a -1.01% return, which is significantly lower than JHMB's -0.24% return.
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%
JHMB
- 1D
- -0.37%
- 1M
- -1.26%
- 6M
- -0.69%
- YTD
- -0.24%
- 1Y
- 3.53%
- 3Y*
- 5.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $496.05K | $369.71K | $346.04K | |
| $682.94K | $785.88K | $842.54K |
JHCB vs. JHMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JHCB John Hancock Corporate Bond ETF | -1.01% | 8.02% | 2.75% | 8.89% | -15.93% | -0.80% |
JHMB John Hancock Mortgage Backed Securities ETF | -0.24% | 7.89% | 3.52% | 7.21% | -10.24% | -0.88% |
Correlation
The correlation between JHCB and JHMB is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | 0.67 |
The correlation between JHCB and JHMB shifts across timeframes, from 0.67 (all time) to 0.83 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JHCB vs. JHMB — Risk / Return Rank
JHCB
JHMB
JHCB vs. JHMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Corporate Bond ETF (JHCB) 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.
| JHCB | JHMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.19 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.38 | -0.73 |
| Martin ratioReturn relative to average drawdown | 1.87 | 3.42 | -1.55 |
Loading charts...
Drawdowns
JHCB vs. JHMB - Drawdown Comparison
The maximum JHCB drawdown since its inception was -22.61%, which is greater than JHMB's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for JHCB and JHMB.
Loading charts...
Drawdown Indicators
| JHCB | JHMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.61% | -14.53% | -8.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -3.01% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -5.42% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -22.57% | — | — |
Current DrawdownCurrent decline from peak | -2.40% | -2.43% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -4.72% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.21% | -0.13% |
Volatility
JHCB vs. JHMB - Volatility Comparison
John Hancock Corporate Bond ETF (JHCB) has a higher volatility of 1.09% compared to John Hancock Mortgage Backed Securities ETF (JHMB) at 1.02%. This indicates that JHCB'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.
Loading charts...
Volatility by Period
| JHCB | JHMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.02% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 2.87% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 3.80% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 5.75% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.81% | 5.75% | +1.06% |
JHCB vs. JHMB - Expense Ratio Comparison
JHCB has a 0.29% expense ratio, which is lower than JHMB's 0.39% expense ratio.
Dividends
JHCB vs. JHMB - Dividend Comparison
JHCB's dividend yield for the trailing twelve months is around 5.13%, more than JHMB's 4.86% 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% |
JHMB John Hancock Mortgage Backed Securities ETF | 4.86% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% |
Frequently Asked Questions
JHCB and JHMB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHCB has higher volatility (1.09%) compared to JHMB (1.02%). In terms of maximum drawdown, JHCB dropped -22.61% vs JHMB's -14.53%.
On 3-year performance, JHMB leads with 5.17% vs 5.05% for JHCB. On fees, JHCB is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JHMB has performed better with a 5.17% return vs 5.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHCB is cheaper with a 0.29% expense ratio, compared with 0.39% for JHMB.
JHCB has the higher dividend yield at 5.13%, compared with 4.86% for JHMB.
JHCB is categorized as Corporate Bonds, while JHMB is Intermediate Core-Plus Bond. Their fees differ too: 0.29% for JHCB and 0.39% for JHMB.
JHMB currently has the higher Sharpe Ratio (1.09 vs 0.47), 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.
Find the right allocation for JHCB and JHMB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer