JHLN vs. JHCP

Last updated Jun 6, 2026

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. At a correlation of -0.04, they often move in opposite directions. JHLN charges 0.59%/yr vs 0.36%/yr for JHCP.

Performance

JHLN vs. JHCP - 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 Core Plus Bond ETF (JHCP). 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 JHCP's 0.07% return.

JHLN

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

JHCP

• 1D: -0.42%
• 1M: -0.66%
• YTD: 0.07%
• 6M: 0.21%
• 1Y: 5.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHLN vs. JHCP - Yearly Performance Comparison

	2026 (YTD)	2025
JHLN John Hancock Global Senior Loan ETF	0.64%	1.51%
JHCP John Hancock Core Plus Bond ETF	0.07%	2.79%

Correlation

The correlation between JHLN and JHCP is -0.04, 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	-0.04

Return for Risk

JHLN vs. JHCP — Risk / Return Rank

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

JHCP

JHCP Risk / Return Rank: 39
JHCP Sharpe Ratio Rank: 39
JHCP Sortino Ratio Rank: 40
JHCP Omega Ratio Rank: 35
JHCP Calmar Ratio Rank: 42
JHCP Martin Ratio Rank: 38

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. 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.

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

Sharpe Ratios by Period

	JHLN	JHCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	1.04	-0.01

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.

Drawdown Indicators

	JHLN	JHCP	Difference
Max Drawdown Largest peak-to-trough decline	-1.46%	-3.06%	+1.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.82%	—
Current Drawdown Current decline from peak	-0.16%	-1.82%	+1.66%
Average Drawdown Average peak-to-trough decline	-0.32%	-0.81%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.99%	—

Volatility

Volatility by Period

	JHLN	JHCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.67%	4.25%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.67%	4.84%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.67%	4.84%	-2.17%

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 3.86%, less than JHCP's 4.67% yield.

Position	TTM	2025	2024
JHCP John Hancock Core Plus Bond ETF	4.67%	4.79%	0.20%
JHLN John Hancock Global Senior Loan ETF	3.86%	1.88%	0.00%

Frequently Asked Questions

Can I hold both JHLN and JHCP in my portfolio?

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.

Which ETF is better, JHLN or JHCP?

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.

Which ETF is cheaper, JHLN or JHCP?

JHCP is cheaper with a 0.36% expense ratio, compared with 0.59% for JHLN.

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

JHCP has the higher dividend yield at 4.67%, compared with 3.86% for JHLN.

What is the main difference between JHLN and 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.