JHCP vs. WCPB

Last updated Jul 18, 2026

JHCP (John Hancock Core Plus Bond ETF) and WCPB (Weitz Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. A 0.80 correlation means they provide meaningful diversification when combined. JHCP charges 0.36%/yr vs 0.45%/yr for WCPB.

Performance

JHCP vs. WCPB - Performance Comparison

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

Returns By Period

In the year-to-date period, JHCP achieves a 0.55% return, which is significantly lower than WCPB's 1.35% return.

JHCP

• 1D: 0.16%
• 1M: 0.08%
• 6M: 0.23%
• YTD: 0.55%
• 1Y: 4.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WCPB

• 1D: 0.04%
• 1M: -0.07%
• 6M: 0.80%
• YTD: 1.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHCP vs. WCPB - Yearly Performance Comparison

	2026 (YTD)	2025
JHCP John Hancock Core Plus Bond ETF	0.55%	2.91%
WCPB Weitz Core Plus Bond ETF	1.35%	3.01%

Correlation

The correlation between JHCP and WCPB is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.80

Return for Risk

JHCP vs. WCPB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHCP

JHCP Risk / Return Rank: 40
JHCP Sharpe Ratio Rank: 42
JHCP Sortino Ratio Rank: 42
JHCP Omega Ratio Rank: 37
JHCP Calmar Ratio Rank: 44
JHCP Martin Ratio Rank: 38

WCPB

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

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.

JHCP vs. WCPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Core Plus Bond ETF (JHCP) and Weitz Core Plus Bond ETF (WCPB). 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	WCPB	Difference
Sharpe ratio: Return per unit of total volatility	1.17	—	—
Sortino ratio: Return per unit of downside risk	1.71	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.74	—	—
Martin ratio: Return relative to average drawdown	4.52	—	—

Drawdowns

JHCP vs. WCPB - Drawdown Comparison

The maximum JHCP drawdown since its inception was -3.06%, which is greater than WCPB's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for JHCP and WCPB.

Drawdown Indicators

	JHCP	WCPB	Difference
Max Drawdown Largest peak-to-trough decline	-3.06%	-2.64%	-0.42%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	—	—
Current Drawdown Current decline from peak	-1.35%	-0.63%	-0.72%
Average Drawdown Average peak-to-trough decline	-0.90%	-0.57%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	—	—

Volatility

Volatility by Period

	JHCP	WCPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.22%	3.85%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	3.85%	+0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	3.85%	+0.97%

JHCP vs. WCPB - Expense Ratio Comparison

JHCP has a 0.36% expense ratio, which is lower than WCPB's 0.45% expense ratio.

Dividends

JHCP vs. WCPB - Dividend Comparison

JHCP's dividend yield for the trailing twelve months is around 4.63%, more than WCPB's 3.58% yield.

Position	TTM	2025	2024
JHCP John Hancock Core Plus Bond ETF	4.63%	4.79%	0.20%
WCPB Weitz Core Plus Bond ETF	3.58%	1.19%	0.00%

Frequently Asked Questions

Can I hold both JHCP and WCPB in my portfolio?

JHCP and WCPB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHCP or WCPB?

On fees, JHCP is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHCP or WCPB?

JHCP is cheaper with a 0.36% expense ratio, compared with 0.45% for WCPB.

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

JHCP has the higher dividend yield at 4.63%, compared with 3.58% for WCPB.

What is the main difference between JHCP and WCPB?

They also come from different issuers: John Hancock and Weitz. Their fees differ too: 0.36% for JHCP and 0.45% for WCPB.