JHCR vs. DBC
JHCR (John Hancock Core Bond ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - JHCR is a Intermediate Core Bond fund actively managed by John Hancock, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. JHCR is actively managed, while DBC is passively managed. Over the past year, JHCR returned 5.73% vs 45.90% for DBC. At a correlation of -0.28, they often move in opposite directions. JHCR charges 0.29%/yr vs 0.85%/yr for DBC.
Performance
JHCR vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, JHCR achieves a 0.32% return, which is significantly lower than DBC's 35.47% return.
JHCR
- 1D
- -0.30%
- 1M
- 0.21%
- YTD
- 0.32%
- 6M
- 0.17%
- 1Y
- 5.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBC
- 1D
- 0.56%
- 1M
- -3.32%
- YTD
- 35.47%
- 6M
- 35.36%
- 1Y
- 45.90%
- 3Y*
- 15.09%
- 5Y*
- 12.78%
- 10Y*
- 9.10%
JHCR vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JHCR John Hancock Core Bond ETF | 0.32% | 7.54% | -0.28% |
DBC Invesco DB Commodity Index Tracking Fund | 35.47% | 8.10% | 2.93% |
Correlation
The correlation between JHCR and DBC is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024 | -0.28 |
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Return for Risk
JHCR vs. DBC — Risk / Return Rank
JHCR
DBC
JHCR vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Core Bond ETF (JHCR) and Invesco DB Commodity Index Tracking Fund (DBC). 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.
| JHCR | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.43 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 6.54 | -4.52 |
| Martin ratioReturn relative to average drawdown | 6.16 | 13.91 | -7.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JHCR | DBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.47 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.12 | +0.99 |
Drawdowns
JHCR vs. DBC - Drawdown Comparison
The maximum JHCR drawdown since its inception was -2.85%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for JHCR and DBC.
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Drawdown Indicators
| JHCR | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.85% | -76.36% | +73.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -7.05% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.71% | — |
Current DrawdownCurrent decline from peak | -1.62% | -21.64% | +20.02% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -46.22% | +45.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 3.31% | -2.38% |
Volatility
JHCR vs. DBC - Volatility Comparison
The current volatility for John Hancock Core Bond ETF (JHCR) is 1.51%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 6.45%. This indicates that JHCR experiences smaller price fluctuations and is considered to be less risky than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHCR | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 6.45% | -4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 15.75% | -12.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 18.68% | -14.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 19.18% | -14.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 17.81% | -13.12% |
JHCR vs. DBC - Expense Ratio Comparison
JHCR has a 0.29% expense ratio, which is lower than DBC's 0.85% expense ratio.
Dividends
JHCR vs. DBC - Dividend Comparison
JHCR's dividend yield for the trailing twelve months is around 4.24%, more than DBC's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.46% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
JHCR John Hancock Core Bond ETF | 4.24% | 4.65% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JHCR and DBC have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (6.45%) compared to JHCR (1.51%). In terms of maximum drawdown, JHCR dropped -2.85% vs DBC's -76.36%.
On 1-year performance, DBC leads with 45.90% vs 5.73% for JHCR. On fees, JHCR is cheaper at 0.29% per year. On volatility, JHCR has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBC has performed better with a 45.90% return vs 5.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHCR is cheaper with a 0.29% expense ratio, compared with 0.85% for DBC.
JHCR has the higher dividend yield at 4.24%, compared with 2.46% for DBC.
JHCR is categorized as Intermediate Core Bond, while DBC is Commodities. They also come from different issuers: John Hancock and Invesco. Their fees differ too: 0.29% for JHCR and 0.85% for DBC.
DBC currently has the higher Sharpe Ratio (2.47 vs 1.37), 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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