JHCR vs. JHCP

Last updated Aug 1, 2026

JHCR (John Hancock Core Bond ETF) and JHCP (John Hancock Core Plus Bond ETF) are both exchange-traded funds - JHCR is a Intermediate Core Bond fund actively managed by John Hancock, while JHCP is a Intermediate Core-Plus Bond fund actively managed by John Hancock. Both are actively managed. Over the past year, JHCR returned 2.35% vs 2.62% for JHCP. Their correlation of 0.85 means they have usually moved in the same direction. JHCR charges 0.29%/yr vs 0.36%/yr for JHCP.

Performance

JHCR vs. JHCP - Performance Comparison

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

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with JHCR at -0.21% and JHCP at -0.21%.

JHCR

• 1D: -0.12%
• 1M: -1.15%
• 6M: -0.53%
• YTD: -0.21%
• 1Y: 2.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.83%

JHCP

• 1D: 0.02%
• 1M: -1.13%
• 6M: -0.79%
• YTD: -0.21%
• 1Y: 2.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.82%

*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)
JHCP John Hancock Core Plus Bond ETF	$5.40M	$6.59M	$2.64M
JHCR John Hancock Core Bond ETF	$7.61M	$9.07M	$5.44M

JHCR vs. JHCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JHCR John Hancock Core Bond ETF	-0.21%	7.54%	-0.99%
JHCP John Hancock Core Plus Bond ETF	-0.21%	7.59%	-1.05%

Correlation

The correlation between JHCR and JHCP is 0.78, 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.	0.78
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.85

The correlation between JHCR and JHCP has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

Return for Risk

JHCR vs. JHCP — Risk / Return Rank

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

JHCR

JHCR Risk / Return Rank: 31
JHCR Sharpe Ratio Rank: 31
JHCR Sortino Ratio Rank: 30
JHCR Omega Ratio Rank: 28
JHCR Calmar Ratio Rank: 33
JHCR Martin Ratio Rank: 32

JHCP

JHCP Risk / Return Rank: 32
JHCP Sharpe Ratio Rank: 33
JHCP Sortino Ratio Rank: 31
JHCP Omega Ratio Rank: 28
JHCP Calmar Ratio Rank: 35
JHCP Martin Ratio Rank: 32

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.

JHCR vs. JHCP - Risk-Adjusted Trends Comparison

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

	JHCR	JHCP	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.81	-0.04
Sortino ratio: Return per unit of downside risk	1.15	1.19	-0.04
Omega ratio: Gain probability vs. loss probability	1.14	1.14	0.00
Calmar ratio: Return relative to maximum drawdown	1.13	1.21	-0.08
Martin ratio: Return relative to average drawdown	2.92	2.93	-0.01

JHCR vs. JHCP - Sharpe Ratio Comparison

The current JHCR Sharpe Ratio is 0.77, which is comparable to the JHCP Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of JHCR and JHCP, 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

JHCR vs. JHCP - Drawdown Comparison

The maximum JHCR drawdown since its inception was -2.85%, smaller than the maximum JHCP drawdown of -3.06%. Use the drawdown chart below to compare losses from any high point for JHCR and JHCP.

Drawdown Indicators

	JHCR	JHCP	Difference
Max Drawdown Largest peak-to-trough decline	-2.85%	-3.06%	+0.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-2.82%	-0.02%
Current Drawdown Current decline from peak	-2.14%	-2.10%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.88%	-0.93%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	1.16%	-0.06%

Volatility

JHCR vs. JHCP - Volatility Comparison

John Hancock Core Bond ETF (JHCR) has a higher volatility of 1.18% compared to John Hancock Core Plus Bond ETF (JHCP) at 1.06%. This indicates that JHCR's price experiences larger fluctuations and is considered to be riskier than JHCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHCR	JHCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	1.06%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	3.41%	3.00%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	4.19%	4.21%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.70%	4.79%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.70%	4.79%	-0.09%

JHCR vs. JHCP - Expense Ratio Comparison

JHCR has a 0.29% expense ratio, which is lower than JHCP's 0.36% expense ratio.

Dividends

JHCR vs. JHCP - Dividend Comparison

JHCR's dividend yield for the trailing twelve months is around 4.27%, less than JHCP's 4.55% yield.

Position	TTM	2025	2024
JHCP John Hancock Core Plus Bond ETF	4.55%	4.79%	0.20%
JHCR John Hancock Core Bond ETF	4.27%	4.65%	0.20%

Frequently Asked Questions

Can I hold both JHCR and JHCP in my portfolio?

JHCR and JHCP have a correlation of 0.78, 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 JHCP?

JHCR has higher volatility (1.18%) compared to JHCP (1.06%). In terms of maximum drawdown, JHCR dropped -2.85% vs JHCP's -3.06%.

Which ETF is better, JHCR or JHCP?

On 1-year performance, JHCP leads with 2.62% vs 2.35% for JHCR. On fees, JHCR is cheaper at 0.29% per year. On volatility, JHCP has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHCR or JHCP?

Over the 1-year period, JHCP has performed better with a 2.62% return vs 2.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHCR or JHCP?

JHCR is cheaper with a 0.29% expense ratio, compared with 0.36% for JHCP.

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

JHCP has the higher dividend yield at 4.55%, compared with 4.27% for JHCR.

What is the main difference between JHCR and JHCP?

JHCR is categorized as Intermediate Core Bond, while JHCP is Intermediate Core-Plus Bond. Their fees differ too: 0.29% for JHCR and 0.36% for JHCP.

Which has better risk-adjusted returns?

JHCP currently has the higher Sharpe Ratio (0.81 vs 0.77), 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.