JHCR vs. DMBS

Last updated Jun 3, 2026

JHCR (John Hancock Core Bond ETF) and DMBS (Doubleline Etf Trust - Mortgage ETF) are both Intermediate Core Bond funds. Both are actively managed. Over the past year, JHCR returned 6.02% vs 7.09% for DMBS. Their correlation of 0.91 suggests significant overlap in exposure. JHCR charges 0.29%/yr vs 0.49%/yr for DMBS.

Performance

JHCR vs. DMBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Core Bond ETF (JHCR) and Doubleline Etf Trust - Mortgage ETF (DMBS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHCR achieves a 0.63% return, which is significantly lower than DMBS's 0.71% return.

JHCR

• 1D: -0.02%
• 1M: 0.10%
• YTD: 0.63%
• 6M: 0.65%
• 1Y: 6.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DMBS

• 1D: 0.09%
• 1M: 0.10%
• YTD: 0.71%
• 6M: 0.96%
• 1Y: 7.09%
• 3Y*: 4.69%
• 5Y*: —
• 10Y*: —

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

JHCR vs. DMBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JHCR John Hancock Core Bond ETF	0.63%	7.54%	-0.28%
DMBS Doubleline Etf Trust - Mortgage ETF	0.71%	8.54%	0.09%

Correlation

The correlation between JHCR and DMBS is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.91

The correlation between JHCR and DMBS has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

JHCR vs. DMBS — Risk / Return Rank

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

JHCR

JHCR Risk / Return Rank: 40
JHCR Sharpe Ratio Rank: 40
JHCR Sortino Ratio Rank: 43
JHCR Omega Ratio Rank: 39
JHCR Calmar Ratio Rank: 40
JHCR Martin Ratio Rank: 39

DMBS

DMBS Risk / Return Rank: 48
DMBS Sharpe Ratio Rank: 49
DMBS Sortino Ratio Rank: 53
DMBS Omega Ratio Rank: 49
DMBS Calmar Ratio Rank: 42
DMBS Martin Ratio Rank: 45

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.

JHCR vs. DMBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Core Bond ETF (JHCR) and Doubleline Etf Trust - Mortgage ETF (DMBS). 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	DMBS	Difference
Sharpe ratio Return per unit of total volatility	1.44	1.71	-0.26
Sortino ratio Return per unit of downside risk	2.19	2.57	-0.38
Omega ratio Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio Return relative to maximum drawdown	2.04	2.13	-0.09
Martin ratio Return relative to average drawdown	6.27	7.60	-1.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHCR vs. DMBS - Sharpe Ratio Comparison

The current JHCR Sharpe Ratio is 1.44, which is comparable to the DMBS Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of JHCR and DMBS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JHCR	DMBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	1.71	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.63	+0.53

Drawdowns

JHCR vs. DMBS - Drawdown Comparison

The maximum JHCR drawdown since its inception was -2.85%, smaller than the maximum DMBS drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for JHCR and DMBS.

Drawdown Indicators

	JHCR	DMBS	Difference
Max Drawdown Largest peak-to-trough decline	-2.85%	-8.14%	+5.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-3.20%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.24%	—
Current Drawdown Current decline from peak	-1.32%	-1.39%	+0.07%
Average Drawdown Average peak-to-trough decline	-0.76%	-1.70%	+0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.90%	+0.03%

Volatility

JHCR vs. DMBS - Volatility Comparison

The current volatility for John Hancock Core Bond ETF (JHCR) is 1.54%, while Doubleline Etf Trust - Mortgage ETF (DMBS) has a volatility of 1.63%. This indicates that JHCR experiences smaller price fluctuations and is considered to be less risky than DMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHCR	DMBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	1.63%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	3.13%	3.04%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	4.19%	4.19%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.69%	6.28%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.69%	6.28%	-1.59%

JHCR vs. DMBS - Expense Ratio Comparison

JHCR has a 0.29% expense ratio, which is lower than DMBS's 0.49% expense ratio.

Dividends

JHCR vs. DMBS - Dividend Comparison

JHCR's dividend yield for the trailing twelve months is around 4.23%, less than DMBS's 5.11% yield.

Position	TTM	2025	2024	2023
DMBS Doubleline Etf Trust - Mortgage ETF	5.11%	4.96%	4.97%	2.82%
JHCR John Hancock Core Bond ETF	4.23%	4.65%	0.20%	0.00%

Frequently Asked Questions

Can I hold both JHCR and DMBS in my portfolio?

JHCR and DMBS have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHCR or DMBS?

DMBS has higher volatility (1.63%) compared to JHCR (1.54%). In terms of maximum drawdown, JHCR dropped -2.85% vs DMBS's -8.14%.

Which ETF is better, JHCR or DMBS?

On 1-year performance, DMBS leads with 7.09% vs 6.02% for JHCR. On fees, JHCR is cheaper at 0.29% 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, JHCR or DMBS?

Over the 1-year period, DMBS has performed better with a 7.09% return vs 6.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHCR or DMBS?

JHCR is cheaper with a 0.29% expense ratio, compared with 0.49% for DMBS.

Which ETF pays a higher dividend yield, JHCR or DMBS?

DMBS has the higher dividend yield at 5.11%, compared with 4.23% for JHCR.

What is the main difference between JHCR and DMBS?

They also come from different issuers: John Hancock and DoubleLine. Their fees differ too: 0.29% for JHCR and 0.49% for DMBS.

Which has better risk-adjusted returns?

DMBS currently has the higher Sharpe Ratio (1.71 vs 1.44), 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.