JHCP vs. JBND

Last updated Aug 5, 2026

JHCP (John Hancock Core Plus Bond ETF) and JBND (Jpmorgan Active Bond ETF) are both exchange-traded funds - JHCP is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while JBND is a Intermediate Core Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, JHCP returned 2.81% vs 2.80% for JBND. Their correlation of 0.83 means they have usually moved in the same direction. JHCP charges 0.36%/yr vs 0.25%/yr for JBND.

Performance

JHCP vs. JBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Core Plus Bond ETF (JHCP) and Jpmorgan Active Bond ETF (JBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHCP achieves a 0.18% return, which is significantly higher than JBND's 0.13% return.

JHCP

• 1D: 0.34%
• 1M: -0.76%
• 6M: -0.27%
• YTD: 0.18%
• 1Y: 2.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.04%

JBND

• 1D: 0.38%
• 1M: -0.54%
• 6M: 0.02%
• YTD: 0.13%
• 1Y: 2.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.74%

*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)
JBND Jpmorgan Active Bond ETF	$43.82M	$43.67M	$54.12M
JHCP John Hancock Core Plus Bond ETF	$10.04M	$8.70M	$3.56M

JHCP vs. JBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JHCP John Hancock Core Plus Bond ETF	0.18%	7.59%	-1.05%
JBND Jpmorgan Active Bond ETF	0.13%	8.21%	-0.73%

Correlation

The correlation between JHCP and JBND is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.83

The correlation between JHCP and JBND has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

JHCP vs. JBND — Risk / Return Rank

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

JHCP

JHCP Risk / Return Rank: 26
JHCP Sharpe Ratio Rank: 26
JHCP Sortino Ratio Rank: 24
JHCP Omega Ratio Rank: 23
JHCP Calmar Ratio Rank: 28
JHCP Martin Ratio Rank: 27

JBND

JBND Risk / Return Rank: 27
JBND Sharpe Ratio Rank: 29
JBND Sortino Ratio Rank: 27
JBND Omega Ratio Rank: 26
JBND Calmar Ratio Rank: 28
JBND Martin Ratio Rank: 27

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.

JHCP vs. JBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Core Plus Bond ETF (JHCP) and Jpmorgan Active Bond ETF (JBND). 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.

	JHCP	JBND	Difference
Sharpe ratio: Return per unit of total volatility	0.68	0.77	-0.09
Sortino ratio: Return per unit of downside risk	0.99	1.12	-0.13
Omega ratio: Gain probability vs. loss probability	1.11	1.13	-0.02
Calmar ratio: Return relative to maximum drawdown	1.00	0.95	+0.04
Martin ratio: Return relative to average drawdown	2.40	2.37	+0.02

JHCP vs. JBND - Sharpe Ratio Comparison

The current JHCP Sharpe Ratio is 0.68, which is comparable to the JBND Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of JHCP and JBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JHCP vs. JBND - Drawdown Comparison

The maximum JHCP drawdown since its inception was -3.06%, smaller than the maximum JBND drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for JHCP and JBND.

Drawdown Indicators

	JHCP	JBND	Difference
Max Drawdown Largest peak-to-trough decline	-3.06%	-4.48%	+1.42%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-2.94%	+0.12%
Current Drawdown Current decline from peak	-1.72%	-1.83%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.93%	-1.18%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	1.18%	-0.01%

Volatility

JHCP vs. JBND - Volatility Comparison

John Hancock Core Plus Bond ETF (JHCP) has a higher volatility of 1.09% compared to Jpmorgan Active Bond ETF (JBND) at 1.02%. This indicates that JHCP's price experiences larger fluctuations and is considered to be riskier than JBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHCP	JBND	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	3.01%	2.92%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	3.66%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.78%	4.79%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.78%	4.79%	-0.01%

JHCP vs. JBND - Expense Ratio Comparison

JHCP has a 0.36% expense ratio, which is higher than JBND's 0.25% expense ratio.

Dividends

JHCP vs. JBND - Dividend Comparison

JHCP's dividend yield for the trailing twelve months is around 4.53%, more than JBND's 4.44% yield.

Position	TTM	2025	2024	2023
JBND Jpmorgan Active Bond ETF	4.44%	4.42%	4.58%	1.00%
JHCP John Hancock Core Plus Bond ETF	4.53%	4.79%	0.20%	0.00%

Frequently Asked Questions

Can I hold both JHCP and JBND in my portfolio?

JHCP and JBND have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHCP or JBND?

JHCP has higher volatility (1.09%) compared to JBND (1.02%). In terms of maximum drawdown, JHCP dropped -3.06% vs JBND's -4.48%.

Which ETF is better, JHCP or JBND?

On 1-year performance, JHCP leads with 2.81% vs 2.80% for JBND. On fees, JBND is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHCP or JBND?

Over the 1-year period, JHCP has performed better with a 2.81% return vs 2.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHCP or JBND?

JBND is cheaper with a 0.25% expense ratio, compared with 0.36% for JHCP.

Which ETF pays a higher dividend yield, JHCP or JBND?

JHCP has the higher dividend yield at 4.53%, compared with 4.44% for JBND.

What is the main difference between JHCP and JBND?

JHCP is categorized as Intermediate Core-Plus Bond, while JBND is Intermediate Core Bond. They also come from different issuers: John Hancock and JPMorgan. Their fees differ too: 0.36% for JHCP and 0.25% for JBND.

Which has better risk-adjusted returns?

JBND currently has the higher Sharpe Ratio (0.77 vs 0.68), 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.