JHCR vs. UGA

Last updated Aug 1, 2026

JHCR (John Hancock Core Bond ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - JHCR is a Intermediate Core Bond fund actively managed by John Hancock, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. JHCR is actively managed, while UGA is passively managed. Over the past year, JHCR returned 2.35% vs 88.12% for UGA. Their -0.31 correlation means they have often moved in opposite directions in the past. JHCR charges 0.29%/yr vs 0.75%/yr for UGA.

Performance

JHCR vs. UGA - Performance Comparison

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

Returns By Period

In the year-to-date period, JHCR achieves a -0.21% return, which is significantly lower than UGA's 91.06% return.

JHCR

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

UGA

• 1D: -0.01%
• 1M: 14.56%
• 6M: 70.02%
• YTD: 91.06%
• 1Y: 88.12%
• 3Y*: 17.55%
• 5Y*: 25.78%
• 10Y*: 18.03%
• ALL TIME*: 4.82%

*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)
JHCR John Hancock Core Bond ETF	$7.61M	$9.07M	$5.44M
UGA United States Gasoline Fund LP	$6.47M	$5.01M	$4.85M

JHCR vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JHCR John Hancock Core Bond ETF	-0.21%	7.54%	-0.99%
UGA United States Gasoline Fund LP	91.06%	-2.00%	2.89%

Correlation

The correlation between JHCR and UGA is -0.39, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.39
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	-0.31

Return for Risk

JHCR vs. UGA — 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

UGA

UGA Risk / Return Rank: 87
UGA Sharpe Ratio Rank: 91
UGA Sortino Ratio Rank: 85
UGA Omega Ratio Rank: 85
UGA Calmar Ratio Rank: 92
UGA Martin Ratio Rank: 84

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. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Core Bond ETF (JHCR) and United States Gasoline Fund LP (UGA). 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	UGA	Difference
Sharpe ratio: Return per unit of total volatility	0.77	2.32	-1.55
Sortino ratio: Return per unit of downside risk	1.15	2.82	-1.67
Omega ratio: Gain probability vs. loss probability	1.14	1.37	-0.23
Calmar ratio: Return relative to maximum drawdown	1.13	4.12	-2.99
Martin ratio: Return relative to average drawdown	2.92	11.57	-8.65

JHCR vs. UGA - Sharpe Ratio Comparison

The current JHCR Sharpe Ratio is 0.77, which is lower than the UGA Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of JHCR and UGA, 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. UGA - Drawdown Comparison

The maximum JHCR drawdown since its inception was -2.85%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for JHCR and UGA.

Drawdown Indicators

	JHCR	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-2.85%	-86.59%	+83.74%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-20.32%	+17.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.89%	—
Current Drawdown Current decline from peak	-2.14%	-5.63%	+3.49%
Average Drawdown Average peak-to-trough decline	-0.88%	-36.53%	+35.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	7.26%	-6.16%

Volatility

JHCR vs. UGA - Volatility Comparison

The current volatility for John Hancock Core Bond ETF (JHCR) is 1.18%, while United States Gasoline Fund LP (UGA) has a volatility of 11.28%. This indicates that JHCR experiences smaller price fluctuations and is considered to be less risky than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHCR	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	11.28%	-10.10%
Volatility (6M) Calculated over the trailing 6-month period	3.41%	31.98%	-28.57%
Volatility (1Y) Calculated over the trailing 1-year period	4.19%	36.11%	-31.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.70%	34.60%	-29.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.70%	37.26%	-32.56%

JHCR vs. UGA - Expense Ratio Comparison

JHCR has a 0.29% expense ratio, which is lower than UGA's 0.75% expense ratio.

Dividends

JHCR vs. UGA - Dividend Comparison

JHCR's dividend yield for the trailing twelve months is around 4.27%, while UGA has not paid dividends to shareholders.

Position	TTM	2025	2024
JHCR John Hancock Core Bond ETF	4.27%	4.65%	0.20%
UGA United States Gasoline Fund LP	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHCR and UGA in my portfolio?

JHCR and UGA have a correlation of -0.39, 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 UGA?

UGA has higher volatility (11.28%) compared to JHCR (1.18%). In terms of maximum drawdown, JHCR dropped -2.85% vs UGA's -86.59%.

Which ETF is better, JHCR or UGA?

On 1-year performance, UGA leads with 88.12% vs 2.35% for JHCR. On fees, JHCR is cheaper at 0.29% per year. On volatility, JHCR has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHCR or UGA?

Over the 1-year period, UGA has performed better with a 88.12% 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 UGA?

JHCR is cheaper with a 0.29% expense ratio, compared with 0.75% for UGA.

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

JHCR has the higher dividend yield at 4.27%, compared with 0.00% for UGA.

What is the main difference between JHCR and UGA?

JHCR is categorized as Intermediate Core Bond, while UGA is Oil & Gas. They also come from different issuers: John Hancock and Concierge Technologies. Their fees differ too: 0.29% for JHCR and 0.75% for UGA.

Which has better risk-adjusted returns?

UGA currently has the higher Sharpe Ratio (2.32 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.