JHLN vs. LVLN

Last updated Jun 6, 2026

JHLN (John Hancock Global Senior Loan ETF) and LVLN (SPDR S&P Leveraged Loan ETF) are both Bank Loan funds. JHLN is actively managed, while LVLN is passively managed. At a 0.24 correlation, their price movements are largely independent. JHLN charges 0.59%/yr vs 0.40%/yr for LVLN.

Performance

JHLN vs. LVLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Global Senior Loan ETF (JHLN) and SPDR S&P Leveraged Loan ETF (LVLN). 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 lower than LVLN's 0.80% return.

JHLN

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

LVLN

• 1D: -0.10%
• 1M: 0.35%
• YTD: 0.80%
• 6M: 1.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHLN vs. LVLN - Yearly Performance Comparison

	2026 (YTD)	2025
JHLN John Hancock Global Senior Loan ETF	0.64%	1.10%
LVLN SPDR S&P Leveraged Loan ETF	0.80%	1.20%

Correlation

The correlation between JHLN and LVLN is 0.24, 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 Nov 19, 2025	0.24

Return for Risk

JHLN vs. LVLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Global Senior Loan ETF (JHLN) and SPDR S&P Leveraged Loan ETF (LVLN). 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	LVLN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	1.35	-0.33

Drawdowns

JHLN vs. LVLN - Drawdown Comparison

The maximum JHLN drawdown since its inception was -1.46%, smaller than the maximum LVLN drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for JHLN and LVLN.

Drawdown Indicators

	JHLN	LVLN	Difference
Max Drawdown Largest peak-to-trough decline	-1.46%	-2.34%	+0.88%
Current Drawdown Current decline from peak	-0.16%	-0.36%	+0.20%
Average Drawdown Average peak-to-trough decline	-0.32%	-0.55%	+0.23%

Volatility

Volatility by Period

	JHLN	LVLN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.67%	2.78%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.67%	2.78%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.67%	2.78%	-0.11%

JHLN vs. LVLN - Expense Ratio Comparison

JHLN has a 0.59% expense ratio, which is higher than LVLN's 0.40% expense ratio.

Dividends

JHLN vs. LVLN - Dividend Comparison

JHLN's dividend yield for the trailing twelve months is around 3.86%, more than LVLN's 3.72% yield.

Position	TTM	2025
JHLN John Hancock Global Senior Loan ETF	3.86%	1.88%
LVLN SPDR S&P Leveraged Loan ETF	3.72%	0.49%

Frequently Asked Questions

Can I hold both JHLN and LVLN in my portfolio?

JHLN and LVLN have a correlation of 0.24, 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 LVLN?

On fees, LVLN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHLN or LVLN?

LVLN is cheaper with a 0.40% expense ratio, compared with 0.59% for JHLN.

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

JHLN has the higher dividend yield at 3.86%, compared with 3.72% for LVLN.

What is the main difference between JHLN and LVLN?

They also come from different issuers: John Hancock and State Street. Their fees differ too: 0.59% for JHLN and 0.40% for LVLN.