JHLN vs. JHCP
JHLN (John Hancock Global Senior Loan ETF) and JHCP (John Hancock Core Plus Bond ETF) are both exchange-traded funds - JHLN is a Bank Loan fund actively managed by John Hancock, while JHCP is a Intermediate Core-Plus Bond fund actively managed by John Hancock. Both are actively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. JHLN charges 0.59%/yr vs 0.36%/yr for JHCP.
Performance
JHLN vs. JHCP - Performance Comparison
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Returns By Period
In the year-to-date period, JHLN achieves a 1.51% return, which is significantly higher than JHCP's 0.22% return.
JHLN
- 1D
- 0.27%
- 1M
- 0.37%
- 6M
- 2.11%
- YTD
- 1.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
JHCP
- 1D
- 0.04%
- 1M
- -0.66%
- 6M
- -0.15%
- YTD
- 0.22%
- 1Y
- 2.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.02M | $8.65M | $3.57M | |
| $516.28K | $875.26K | $636.78K |
JHLN vs. JHCP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHLN John Hancock Global Senior Loan ETF | 1.51% | 1.55% |
JHCP John Hancock Core Plus Bond ETF | 0.22% | 2.87% |
Correlation
The correlation between JHLN and JHCP is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | -0.04 |
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Return for Risk
JHLN vs. JHCP — Risk / Return Rank
JHLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JHCP
JHLN vs. JHCP - 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 Core Plus Bond ETF (JHCP). 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 | JHCP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.12 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.01 | — |
| Martin ratioReturn relative to average drawdown | — | 2.42 | — |
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Drawdowns
JHLN vs. JHCP - Drawdown Comparison
The maximum JHLN drawdown since its inception was -1.46%, smaller than the maximum JHCP drawdown of -3.06%. Use the drawdown chart below to compare losses from any high point for JHLN and JHCP.
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Drawdown Indicators
| JHLN | JHCP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.46% | -3.06% | +1.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.82% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.68% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -0.29% | -0.93% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.18% | — |
Volatility
JHLN vs. JHCP - Volatility Comparison
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Volatility by Period
| JHLN | JHCP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.65% | 4.15% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.65% | 4.78% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.65% | 4.78% | -2.13% |
JHLN vs. JHCP - Expense Ratio Comparison
JHLN has a 0.59% expense ratio, which is higher than JHCP's 0.36% expense ratio.
Dividends
JHLN vs. JHCP - Dividend Comparison
JHLN's dividend yield for the trailing twelve months is around 4.88%, more than JHCP's 4.53% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JHCP John Hancock Core Plus Bond ETF | 4.53% | 4.79% | 0.20% |
JHLN John Hancock Global Senior Loan ETF | 4.88% | 1.88% | 0.00% |
Frequently Asked Questions
JHLN and JHCP have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHCP is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHCP is cheaper with a 0.36% expense ratio, compared with 0.59% for JHLN.
JHLN has the higher dividend yield at 4.88%, compared with 4.53% for JHCP.
JHLN is categorized as Bank Loan, while JHCP is Intermediate Core-Plus Bond. Their fees differ too: 0.59% for JHLN and 0.36% for JHCP.
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