JHMB vs. BIL
Compare and contrast key facts about John Hancock Mortgage Backed Securities ETF (JHMB) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
JHMB and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHMB is an actively managed fund by John Hancock. It was launched on Aug 18, 2021. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Performance
JHMB vs. BIL - Performance Comparison
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JHMB vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 0.15% | 7.89% | 3.52% | 7.21% | -10.24% | -0.79% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.04% |
Returns By Period
In the year-to-date period, JHMB achieves a 0.15% return, which is significantly lower than BIL's 0.85% return.
JHMB
- 1D
- 0.26%
- 1M
- -2.05%
- YTD
- 0.15%
- 6M
- 1.75%
- 1Y
- 5.33%
- 3Y*
- 5.20%
- 5Y*
- —
- 10Y*
- —
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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JHMB vs. BIL - Expense Ratio Comparison
JHMB has a 0.39% expense ratio, which is higher than BIL's 0.14% expense ratio.
Return for Risk
JHMB vs. BIL — Risk / Return Rank
JHMB
BIL
JHMB vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.
| JHMB | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 19.52 | -18.38 |
Sortino ratioReturn per unit of downside risk | 1.63 | 254.04 | -252.42 |
Omega ratioGain probability vs. loss probability | 1.21 | 180.28 | -179.07 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 365.54 | -363.95 |
Martin ratioReturn relative to average drawdown | 4.02 | 4,104.04 | -4,100.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JHMB | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 19.52 | -18.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 12.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 2.72 | -2.48 |
Correlation
The correlation between JHMB and BIL is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JHMB vs. BIL - Dividend Comparison
JHMB's dividend yield for the trailing twelve months is around 4.64%, more than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 4.64% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
JHMB vs. BIL - Drawdown Comparison
The maximum JHMB drawdown since its inception was -14.53%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for JHMB and BIL.
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Drawdown Indicators
| JHMB | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -0.78% | -13.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -0.01% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -2.05% | 0.00% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -0.26% | -4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.00% | +1.37% |
Volatility
JHMB vs. BIL - Volatility Comparison
John Hancock Mortgage Backed Securities ETF (JHMB) has a higher volatility of 1.57% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that JHMB's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHMB | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 0.05% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 0.14% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 0.21% | +4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 0.26% | +5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 0.26% | +5.62% |