JHCB vs. SCHJ
JHCB (John Hancock Corporate Bond ETF) and SCHJ (Schwab 1-5 Year Corporate Bond ETF) are both exchange-traded funds - JHCB is a Corporate Bonds fund actively managed by John Hancock, while SCHJ is a Short-Term Bond fund tracking the Bloomberg US 1-5 Year Corporate Bond Index. JHCB is actively managed, while SCHJ is passively managed. Over the past 5 years, JHCB returned -0.15%/yr vs 2.31%/yr for SCHJ. Their correlation of 0.81 means they have usually moved in the same direction. JHCB charges 0.29%/yr vs 0.03%/yr for SCHJ.
Performance
JHCB vs. SCHJ - Performance Comparison
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Returns By Period
In the year-to-date period, JHCB achieves a -1.01% return, which is significantly lower than SCHJ's 0.75% 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%
SCHJ
- 1D
- -0.06%
- 1M
- -0.28%
- 6M
- 0.42%
- YTD
- 0.75%
- 1Y
- 2.99%
- 3Y*
- 5.46%
- 5Y*
- 2.31%
- 10Y*
- —
- ALL TIME*
- 2.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $496.05K | $369.71K | $346.04K | |
| $5.98M | $7.81M | $6.46M |
JHCB vs. SCHJ - 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% | 3.29% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.75% | 6.80% | 4.89% | 6.36% | -5.73% | -0.06% |
Correlation
The correlation between JHCB and SCHJ is 0.81, 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. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2021 | 0.81 |
The correlation between JHCB and SCHJ has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
JHCB vs. SCHJ — Risk / Return Rank
JHCB
SCHJ
JHCB vs. SCHJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Corporate Bond ETF (JHCB) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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 | SCHJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.35 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 2.44 | -1.79 |
| Martin ratioReturn relative to average drawdown | 1.87 | 9.17 | -7.29 |
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Drawdowns
JHCB vs. SCHJ - Drawdown Comparison
The maximum JHCB drawdown since its inception was -22.61%, which is greater than SCHJ's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for JHCB and SCHJ.
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Drawdown Indicators
| JHCB | SCHJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.61% | -13.62% | -8.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -1.47% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -1.47% | -4.00% |
Max Drawdown (5Y)Largest decline over 5 years | -22.57% | -9.38% | -13.19% |
Current DrawdownCurrent decline from peak | -2.40% | -0.33% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -1.85% | -6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.39% | +0.69% |
Volatility
JHCB vs. SCHJ - Volatility Comparison
John Hancock Corporate Bond ETF (JHCB) has a higher volatility of 1.09% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.53%. This indicates that JHCB's price experiences larger fluctuations and is considered to be riskier than SCHJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHCB | SCHJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.53% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 1.53% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 1.93% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 2.95% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.81% | 4.10% | +2.71% |
JHCB vs. SCHJ - Expense Ratio Comparison
JHCB has a 0.29% expense ratio, which is higher than SCHJ's 0.03% expense ratio.
Dividends
JHCB vs. SCHJ - Dividend Comparison
JHCB's dividend yield for the trailing twelve months is around 5.13%, more than SCHJ's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JHCB John Hancock Corporate Bond ETF | 5.13% | 4.92% | 5.02% | 4.35% | 3.86% | 2.41% | 0.00% | 0.00% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.09% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% |
Frequently Asked Questions
JHCB and SCHJ have a correlation of 0.81, 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 SCHJ (0.53%). In terms of maximum drawdown, JHCB dropped -22.61% vs SCHJ's -13.62%.
On 5-year performance, SCHJ leads with 2.31% vs -0.15% for JHCB. On fees, SCHJ is cheaper at 0.03% per year. On volatility, SCHJ has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHJ has performed better with a 2.31% return vs -0.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHJ is cheaper with a 0.03% expense ratio, compared with 0.29% for JHCB.
JHCB has the higher dividend yield at 5.13%, compared with 4.09% for SCHJ.
JHCB is categorized as Corporate Bonds, while SCHJ is Short-Term Bond. They also come from different issuers: John Hancock and Charles Schwab. Their fees differ too: 0.29% for JHCB and 0.03% for SCHJ.
SCHJ currently has the higher Sharpe Ratio (1.86 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.
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