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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHMB or BIL.
Key characteristics
| JHMB | BIL | |
|---|---|---|
| YTD Return | 6.31% | 3.89% |
| 1Y Return | 12.65% | 5.39% |
| 3Y Return (Ann) | 0.41% | 3.40% |
| Sharpe Ratio | 1.49 | 20.93 |
| Daily Std Dev | 7.99% | 0.26% |
| Max Drawdown | -14.53% | -0.77% |
| Current Drawdown | -1.40% | 0.00% |
Correlation
The correlation between JHMB and BIL is 0.10, 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.
Performance
JHMB vs. BIL - Performance Comparison
In the year-to-date period, JHMB achieves a 6.31% return, which is significantly higher than BIL's 3.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
JHMB vs. BIL - Risk-Adjusted Performance 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.
Dividends
JHMB vs. BIL - Dividend Comparison
JHMB's dividend yield for the trailing twelve months is around 4.51%, less than BIL's 5.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 4.51% | 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 | 5.22% | 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 -0.77%. Use the drawdown chart below to compare losses from any high point for JHMB and BIL. For additional features, visit the drawdowns tool.
Volatility
JHMB vs. BIL - Volatility Comparison
John Hancock Mortgage Backed Securities ETF (JHMB) has a higher volatility of 1.73% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.09%. 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.