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. 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
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Returns By Period
In the year-to-date period, JHLN achieves a 1.09% return, which is significantly higher than JHCP's 0.39% return.
JHLN
- 1D
- -0.24%
- 1M
- 0.36%
- 6M
- 1.21%
- YTD
- 1.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JHCP
- 1D
- -0.06%
- 1M
- -0.52%
- 6M
- -0.22%
- YTD
- 0.39%
- 1Y
- 4.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JHLN vs. JHCP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHLN John Hancock Global Senior Loan ETF | 1.09% | 1.55% |
JHCP John Hancock Core Plus Bond ETF | 0.39% | 2.87% |
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 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 | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.67 | — |
| Martin ratioReturn relative to average drawdown | — | 4.34 | — |
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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 | -0.24% | -1.51% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -0.29% | -0.90% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.08% | — |
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 | — | 1.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 4.24% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.59% | 4.82% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.59% | 4.82% | -2.23% |
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 4.30%, less than JHCP's 4.64% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JHCP John Hancock Core Plus Bond ETF | 4.64% | 4.79% | 0.20% |
JHLN John Hancock Global Senior Loan ETF | 4.30% | 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.
JHCP has the higher dividend yield at 4.64%, compared with 4.30% for JHLN.
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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