JHID vs. JHMU

Last updated Apr 2, 2026

Compare and contrast key facts about John Hancock International High Dividend ETF (JHID) and John Hancock Dynamic Municipal Bond ETF (JHMU).

JHID and JHMU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHID is an actively managed fund by John Hancock. It was launched on Dec 20, 2022. JHMU is a passively managed fund by John Hancock that tracks the performance of the John Hancock Dimensional Utilities Index. It was launched on Nov 1, 2023.

Performance

JHID vs. JHMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock International High Dividend ETF (JHID) and John Hancock Dynamic Municipal Bond ETF (JHMU). The values are adjusted to include any dividend payments, if applicable.

JHID vs. JHMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JHID John Hancock International High Dividend ETF	8.13%	41.47%	3.62%	9.25%
JHMU John Hancock Dynamic Municipal Bond ETF	0.28%	5.03%	3.76%	7.77%

Returns By Period

In the year-to-date period, JHID achieves a 8.13% return, which is significantly higher than JHMU's 0.28% return.

JHID

• 1D: 1.29%
• 1M: -2.07%
• YTD: 8.13%
• 6M: 15.27%
• 1Y: 38.80%
• 3Y*: 20.61%
• 5Y*: —
• 10Y*: —

JHMU

• 1D: 0.33%
• 1M: -1.54%
• YTD: 0.28%
• 6M: 1.95%
• 1Y: 4.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHID vs. JHMU - Expense Ratio Comparison

JHID has a 0.46% expense ratio, which is higher than JHMU's 0.39% expense ratio.

JHID

John Hancock International High Dividend ETF

JHMU

John Hancock Dynamic Municipal Bond ETF

Return for Risk

JHID vs. JHMU — Risk / Return Rank

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

JHID

JHID Risk / Return Rank: 95
JHID Sharpe Ratio Rank: 96
JHID Sortino Ratio Rank: 96
JHID Omega Ratio Rank: 96
JHID Calmar Ratio Rank: 93
JHID Martin Ratio Rank: 95

JHMU

JHMU Risk / Return Rank: 54
JHMU Sharpe Ratio Rank: 62
JHMU Sortino Ratio Rank: 53
JHMU Omega Ratio Rank: 66
JHMU Calmar Ratio Rank: 48
JHMU Martin Ratio Rank: 43

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.

JHID vs. JHMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock International High Dividend ETF (JHID) 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.

	JHID	JHMU	Difference
Sharpe ratio Return per unit of total volatility	2.57	1.15	+1.42
Sortino ratio Return per unit of downside risk	3.35	1.47	+1.88
Omega ratio Gain probability vs. loss probability	1.52	1.26	+0.26
Calmar ratio Return relative to maximum drawdown	3.81	1.39	+2.43
Martin ratio Return relative to average drawdown	16.46	4.55	+11.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHID vs. JHMU - Sharpe Ratio Comparison

The current JHID Sharpe Ratio is 2.57, which is higher than the JHMU Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of JHID and JHMU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JHID	JHMU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	1.15	+1.42
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	1.69	-0.14

Correlation

The correlation between JHID and JHMU is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JHID vs. JHMU - Dividend Comparison

JHID's dividend yield for the trailing twelve months is around 3.01%, less than JHMU's 3.84% yield.

	TTM	2025	2024	2023
JHID John Hancock International High Dividend ETF	3.01%	3.13%	5.15%	5.23%
JHMU John Hancock Dynamic Municipal Bond ETF	3.84%	4.36%	7.29%	0.63%

Drawdowns

JHID vs. JHMU - Drawdown Comparison

The maximum JHID drawdown since its inception was -12.42%, which is greater than JHMU's maximum drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for JHID and JHMU.

Drawdown Indicators

	JHID	JHMU	Difference
Max Drawdown Largest peak-to-trough decline	-12.42%	-4.48%	-7.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-3.69%	-6.54%
Current Drawdown Current decline from peak	-3.80%	-1.95%	-1.85%
Average Drawdown Average peak-to-trough decline	-2.53%	-0.81%	-1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	1.13%	+1.24%

Volatility

JHID vs. JHMU - Volatility Comparison

John Hancock International High Dividend ETF (JHID) has a higher volatility of 6.09% compared to John Hancock Dynamic Municipal Bond ETF (JHMU) at 1.33%. This indicates that JHID's price experiences larger fluctuations and is considered to be riskier than JHMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHID	JHMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	1.33%	+4.76%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	2.10%	+7.34%
Volatility (1Y) Calculated over the trailing 1-year period	15.16%	4.11%	+11.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	4.19%	+9.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.88%	4.19%	+9.69%