JHLN vs. JHAC

Last updated Jun 26, 2026

JHLN (John Hancock Global Senior Loan ETF) and JHAC (John Hancock Fundamental All Cap Core ETF) are both exchange-traded funds - JHLN is a Bank Loan fund actively managed by John Hancock, while JHAC is a Large Cap Blend Equities fund actively managed by John Hancock. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. JHLN charges 0.59%/yr vs 0.72%/yr for JHAC.

Performance

JHLN vs. JHAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Global Senior Loan ETF (JHLN) and John Hancock Fundamental All Cap Core ETF (JHAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHLN achieves a 0.75% return, which is significantly higher than JHAC's -4.04% return.

JHLN

• 1D: 0.13%
• 1M: 0.26%
• YTD: 0.75%
• 6M: 0.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JHAC

• 1D: -0.14%
• 1M: -3.27%
• YTD: -4.04%
• 6M: -6.39%
• 1Y: 1.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHLN vs. JHAC - Yearly Performance Comparison

	2026 (YTD)	2025
JHLN John Hancock Global Senior Loan ETF	0.75%	1.55%
JHAC John Hancock Fundamental All Cap Core ETF	-4.04%	1.16%

Correlation

The correlation between JHLN and JHAC is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.12

Return for Risk

JHLN vs. JHAC — Risk / Return Rank

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

JHLN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

JHAC

JHAC Risk / Return Rank: 10
JHAC Sharpe Ratio Rank: 10
JHAC Sortino Ratio Rank: 9
JHAC Omega Ratio Rank: 9
JHAC Calmar Ratio Rank: 10
JHAC Martin Ratio Rank: 10

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.

JHLN vs. JHAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Global Senior Loan ETF (JHLN) and John Hancock Fundamental All Cap Core ETF (JHAC). 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.

	JHLN	JHAC	Difference
Sharpe ratio: Return per unit of total volatility	—	0.12	—
Sortino ratio: Return per unit of downside risk	—	0.25	—
Omega ratio: Gain probability vs. loss probability	—	1.03	—
Calmar ratio: Return relative to maximum drawdown	—	0.10	—
Martin ratio: Return relative to average drawdown	—	0.30	—

Drawdowns

JHLN vs. JHAC - Drawdown Comparison

The maximum JHLN drawdown since its inception was -1.46%, smaller than the maximum JHAC drawdown of -24.43%. Use the drawdown chart below to compare losses from any high point for JHLN and JHAC.

Drawdown Indicators

	JHLN	JHAC	Difference
Max Drawdown Largest peak-to-trough decline	-1.46%	-24.43%	+22.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.24%	—
Current Drawdown Current decline from peak	-0.05%	-7.61%	+7.56%
Average Drawdown Average peak-to-trough decline	-0.31%	-3.95%	+3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.08%	—

Volatility

Volatility by Period

	JHLN	JHAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.61%	13.38%	-10.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.61%	17.38%	-14.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.61%	17.38%	-14.77%

JHLN vs. JHAC - Expense Ratio Comparison

JHLN has a 0.59% expense ratio, which is lower than JHAC's 0.72% expense ratio.

Dividends

JHLN vs. JHAC - Dividend Comparison

JHLN's dividend yield for the trailing twelve months is around 3.85%, more than JHAC's 0.60% yield.

Position	TTM	2025	2024	2023
JHAC John Hancock Fundamental All Cap Core ETF	0.60%	0.58%	0.66%	0.17%
JHLN John Hancock Global Senior Loan ETF	3.85%	1.88%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHLN and JHAC in my portfolio?

JHLN and JHAC have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHLN or JHAC?

On fees, JHLN is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHLN or JHAC?

JHLN is cheaper with a 0.59% expense ratio, compared with 0.72% for JHAC.

Which ETF pays a higher dividend yield, JHLN or JHAC?

JHLN has the higher dividend yield at 3.85%, compared with 0.60% for JHAC.

What is the main difference between JHLN and JHAC?

JHLN is categorized as Bank Loan, while JHAC is Large Cap Blend Equities. Their fees differ too: 0.59% for JHLN and 0.72% for JHAC.