JHDG vs. JHMU
JHDG (John Hancock Hedged Equity ETF) and JHMU (John Hancock Dynamic Municipal Bond ETF) are both exchange-traded funds - JHDG is a Equity Hedged fund actively managed by John Hancock, while JHMU is a Municipal Bonds fund tracking the John Hancock Dimensional Utilities Index. JHDG is actively managed, while JHMU is passively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. JHDG charges 0.49%/yr vs 0.39%/yr for JHMU.
Performance
JHDG vs. JHMU - Performance Comparison
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Returns By Period
JHDG
- 1D
- -0.31%
- 1M
- -0.79%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
JHMU
- 1D
- 0.25%
- 1M
- -1.39%
- 6M
- 0.05%
- YTD
- 0.87%
- 1Y
- 6.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.11M | $1.05M | $1.10M | |
| $191.30K | $141.63K | $116.35K |
JHDG vs. JHMU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
JHDG John Hancock Hedged Equity ETF | 5.74% |
JHMU John Hancock Dynamic Municipal Bond ETF | 0.39% |
Correlation
The correlation between JHDG and JHMU is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026 | 0.52 |
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Return for Risk
JHDG vs. JHMU — Risk / Return Rank
JHDG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JHMU
JHDG vs. JHMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Hedged Equity ETF (JHDG) and John Hancock Dynamic Municipal Bond ETF (JHMU). 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.
| JHDG | JHMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.20 | — |
| Martin ratioReturn relative to average drawdown | — | 7.52 | — |
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Drawdowns
JHDG vs. JHMU - Drawdown Comparison
The maximum JHDG drawdown since its inception was -2.61%, smaller than the maximum JHMU drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for JHDG and JHMU.
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Drawdown Indicators
| JHDG | JHMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.61% | -4.48% | +1.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.77% | — |
Current DrawdownCurrent decline from peak | -2.17% | -1.61% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -0.66% | -0.82% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.81% | — |
Volatility
JHDG vs. JHMU - Volatility Comparison
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Volatility by Period
| JHDG | JHMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.16% | 2.93% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.16% | 4.06% | +6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.16% | 4.06% | +6.10% |
JHDG vs. JHMU - Expense Ratio Comparison
JHDG has a 0.49% expense ratio, which is higher than JHMU's 0.39% expense ratio.
Dividends
JHDG vs. JHMU - Dividend Comparison
JHDG's dividend yield for the trailing twelve months is around 0.10%, less than JHMU's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JHDG John Hancock Hedged Equity ETF | 0.10% | 0.00% | 0.00% | 0.00% |
JHMU John Hancock Dynamic Municipal Bond ETF | 3.79% | 4.36% | 7.29% | 0.63% |
Frequently Asked Questions
JHDG and JHMU have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHMU is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHMU is cheaper with a 0.39% expense ratio, compared with 0.49% for JHDG.
JHMU has the higher dividend yield at 3.79%, compared with 0.10% for JHDG.
JHDG is categorized as Equity Hedged, while JHMU is Municipal Bonds. Their fees differ too: 0.49% for JHDG and 0.39% for JHMU.
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