JHHY vs. HYGH
JHHY (John Hancock High Yield ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both High Yield Bonds funds. JHHY is actively managed, while HYGH is passively managed. Over the past year, JHHY returned 6.86% vs 7.18% for HYGH. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.52% expense ratio.
Performance
JHHY vs. HYGH - Performance Comparison
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Returns By Period
In the year-to-date period, JHHY achieves a 1.82% return, which is significantly lower than HYGH's 3.03% return.
JHHY
- 1D
- 0.08%
- 1M
- 0.47%
- YTD
- 1.82%
- 6M
- 1.99%
- 1Y
- 6.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGH
- 1D
- -0.05%
- 1M
- 0.11%
- YTD
- 3.03%
- 6M
- 2.93%
- 1Y
- 7.18%
- 3Y*
- 9.76%
- 5Y*
- 6.80%
- 10Y*
- 6.63%
JHHY vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JHHY John Hancock High Yield ETF | 1.82% | 9.18% | 7.35% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.03% | 6.94% | 6.80% |
Correlation
The correlation between JHHY and HYGH is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 2, 2024 | 0.59 |
The correlation between JHHY and HYGH has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
JHHY vs. HYGH — Risk / Return Rank
JHHY
HYGH
JHHY vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock High Yield ETF (JHHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
| JHHY | HYGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 4.45 | -1.70 |
| Martin ratioReturn relative to average drawdown | 11.91 | 17.36 | -5.46 |
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Drawdowns
JHHY vs. HYGH - Drawdown Comparison
The maximum JHHY drawdown since its inception was -4.95%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for JHHY and HYGH.
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Drawdown Indicators
| JHHY | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.95% | -23.88% | +18.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -1.62% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.88% | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.37% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -2.22% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.41% | +0.17% |
Volatility
JHHY vs. HYGH - Volatility Comparison
John Hancock High Yield ETF (JHHY) has a higher volatility of 0.90% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 0.66%. This indicates that JHHY's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHHY | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.66% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.79% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 3.65% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.81% | 7.08% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.81% | 8.30% | -3.49% |
JHHY vs. HYGH - Expense Ratio Comparison
Both JHHY and HYGH have an expense ratio of 0.52%.
Dividends
JHHY vs. HYGH - Dividend Comparison
JHHY's dividend yield for the trailing twelve months is around 6.94%, more than HYGH's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.62% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
JHHY John Hancock High Yield ETF | 6.94% | 7.21% | 5.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JHHY and HYGH have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHHY has higher volatility (0.90%) compared to HYGH (0.66%). In terms of maximum drawdown, JHHY dropped -4.95% vs HYGH's -23.88%.
On 1-year performance, HYGH leads with 7.18% vs 6.86% for JHHY. Both ETFs have the same 0.52% expense ratio. On volatility, HYGH has been the lower-risk option at 0.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYGH has performed better with a 7.18% return vs 6.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHHY and HYGH have the same expense ratio: 0.52% per year.
JHHY has the higher dividend yield at 6.94%, compared with 6.62% for HYGH.
They also come from different issuers: John Hancock and iShares.
HYGH currently has the higher Sharpe Ratio (1.98 vs 1.75), 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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