JHLN vs. JHCB

Last updated Jun 6, 2026

JHLN (John Hancock Global Senior Loan ETF) and JHCB (John Hancock Corporate Bond ETF) are both exchange-traded funds - JHLN is a Bank Loan fund actively managed by John Hancock, while JHCB is a Corporate Bonds fund actively managed by John Hancock. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. JHLN charges 0.59%/yr vs 0.29%/yr for JHCB.

Performance

JHLN vs. JHCB - 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 Corporate Bond ETF (JHCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHLN achieves a 0.64% return, which is significantly higher than JHCB's 0.06% return.

JHLN

• 1D: -0.15%
• 1M: 0.29%
• YTD: 0.64%
• 6M: 1.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JHCB

• 1D: -0.45%
• 1M: -0.39%
• YTD: 0.06%
• 6M: -0.20%
• 1Y: 5.06%
• 3Y*: 5.58%
• 5Y*: 0.58%
• 10Y*: —

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

JHLN vs. JHCB - Yearly Performance Comparison

	2026 (YTD)	2025
JHLN John Hancock Global Senior Loan ETF	0.64%	1.51%
JHCB John Hancock Corporate Bond ETF	0.06%	2.16%

Correlation

The correlation between JHLN and JHCB is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025	-0.01

Return for Risk

JHLN vs. JHCB — Risk / Return Rank

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

JHCB

JHCB Risk / Return Rank: 34
JHCB Sharpe Ratio Rank: 34
JHCB Sortino Ratio Rank: 34
JHCB Omega Ratio Rank: 33
JHCB Calmar Ratio Rank: 34
JHCB Martin Ratio Rank: 37

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. JHCB - 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 Corporate Bond ETF (JHCB). 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.

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

Sharpe Ratios by Period

	JHLN	JHCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.16	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.14	+0.89

Drawdowns

JHLN vs. JHCB - Drawdown Comparison

The maximum JHLN drawdown since its inception was -1.46%, smaller than the maximum JHCB drawdown of -22.61%. Use the drawdown chart below to compare losses from any high point for JHLN and JHCB.

Drawdown Indicators

	JHLN	JHCB	Difference
Max Drawdown Largest peak-to-trough decline	-1.46%	-22.61%	+21.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.61%	—
Current Drawdown Current decline from peak	-0.16%	-1.34%	+1.18%
Average Drawdown Average peak-to-trough decline	-0.32%	-8.19%	+7.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.96%	—

Volatility

Volatility by Period

	JHLN	JHCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.67%	4.37%	-1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.67%	6.95%	-4.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.67%	6.87%	-4.20%

JHLN vs. JHCB - Expense Ratio Comparison

JHLN has a 0.59% expense ratio, which is higher than JHCB's 0.29% expense ratio.

Dividends

JHLN vs. JHCB - Dividend Comparison

JHLN's dividend yield for the trailing twelve months is around 3.86%, less than JHCB's 4.97% yield.

Position	TTM	2025	2024	2023	2022	2021
JHCB John Hancock Corporate Bond ETF	4.97%	4.92%	5.02%	4.35%	3.86%	2.41%
JHLN John Hancock Global Senior Loan ETF	3.86%	1.88%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHLN and JHCB in my portfolio?

JHLN and JHCB have a correlation of -0.01, 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 JHCB?

On fees, JHCB is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHLN or JHCB?

JHCB is cheaper with a 0.29% expense ratio, compared with 0.59% for JHLN.

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

JHCB has the higher dividend yield at 4.97%, compared with 3.86% for JHLN.

What is the main difference between JHLN and JHCB?

JHLN is categorized as Bank Loan, while JHCB is Corporate Bonds. Their fees differ too: 0.59% for JHLN and 0.29% for JHCB.