JHCB vs. JHMU

Last updated Apr 1, 2026

Compare and contrast key facts about John Hancock Corporate Bond ETF (JHCB) and John Hancock Dynamic Municipal Bond ETF (JHMU).

JHCB and JHMU 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. JHMU is a passively managed fund by John Hancock that tracks the performance of the John Hancock Dimensional Utilities Index. It was launched on Nov 1, 2023.

Performance

JHCB vs. JHMU - Performance Comparison

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

JHCB vs. JHMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JHCB John Hancock Corporate Bond ETF	-0.63%	8.02%	2.75%	8.71%
JHMU John Hancock Dynamic Municipal Bond ETF	-0.05%	5.03%	3.76%	7.77%

Returns By Period

In the year-to-date period, JHCB achieves a -0.63% return, which is significantly lower than JHMU's -0.05% return.

JHCB

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

JHMU

• 1D: 0.17%
• 1M: -2.23%
• YTD: -0.05%
• 6M: 1.69%
• 1Y: 4.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHCB vs. JHMU - Expense Ratio Comparison

JHCB has a 0.29% expense ratio, which is lower than JHMU's 0.39% expense ratio.

JHMU

John Hancock Dynamic Municipal Bond ETF

JHCB

John Hancock Corporate Bond ETF

Return for Risk

JHCB vs. JHMU — 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

JHMU

JHMU Risk / Return Rank: 58
JHMU Sharpe Ratio Rank: 65
JHMU Sortino Ratio Rank: 57
JHMU Omega Ratio Rank: 70
JHMU Calmar Ratio Rank: 50
JHMU Martin Ratio Rank: 46

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. JHMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Corporate Bond ETF (JHCB) and John Hancock Dynamic Municipal Bond ETF (JHMU). 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	JHMU	Difference
Sharpe ratio Return per unit of total volatility	0.85	1.17	-0.32
Sortino ratio Return per unit of downside risk	1.16	1.50	-0.33
Omega ratio Gain probability vs. loss probability	1.16	1.26	-0.10
Calmar ratio Return relative to maximum drawdown	1.17	1.31	-0.15
Martin ratio Return relative to average drawdown	4.00	4.34	-0.34
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. JHMU - Sharpe Ratio Comparison

The current JHCB Sharpe Ratio is 0.85, which is comparable to the JHMU Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of JHCB and JHMU, 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	JHMU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.17	-0.32
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	1.66	-1.53

Correlation

The correlation between JHCB and JHMU is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JHCB vs. JHMU - Dividend Comparison

JHCB's dividend yield for the trailing twelve months is around 4.99%, more than JHMU's 3.86% 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%
JHMU John Hancock Dynamic Municipal Bond ETF	3.86%	4.36%	7.29%	0.63%	0.00%	0.00%

Drawdowns

JHCB vs. JHMU - Drawdown Comparison

The maximum JHCB drawdown since its inception was -22.61%, which is greater than JHMU's maximum drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for JHCB and JHMU.

Drawdown Indicators

	JHCB	JHMU	Difference
Max Drawdown Largest peak-to-trough decline	-22.61%	-4.48%	-18.13%
Max Drawdown (1Y) Largest decline over 1 year	-4.16%	-3.69%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-22.61%	—	—
Current Drawdown Current decline from peak	-2.02%	-2.27%	+0.25%
Average Drawdown Average peak-to-trough decline	-8.45%	-0.81%	-7.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	1.12%	+0.09%

Volatility

JHCB vs. JHMU - Volatility Comparison

John Hancock Corporate Bond ETF (JHCB) has a higher volatility of 2.26% compared to John Hancock Dynamic Municipal Bond ETF (JHMU) at 1.29%. This indicates that JHCB's price experiences larger fluctuations and is considered to be riskier than JHMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHCB	JHMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	1.29%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	3.12%	2.08%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	5.62%	4.10%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.95%	4.19%	+2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.95%	4.19%	+2.76%