JHMB vs. BNDP

Last updated Jun 24, 2026

JHMB (John Hancock Mortgage Backed Securities ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. JHMB is actively managed, while BNDP is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. JHMB charges 0.39%/yr vs 0.05%/yr for BNDP.

Performance

JHMB vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Mortgage Backed Securities ETF (JHMB) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHMB achieves a 0.68% return, which is significantly higher than BNDP's 0.52% return.

JHMB

• 1D: 0.05%
• 1M: 0.72%
• YTD: 0.68%
• 6M: 0.76%
• 1Y: 5.76%
• 3Y*: 5.14%
• 5Y*: —
• 10Y*: —

BNDP

• 1D: 0.10%
• 1M: 0.84%
• YTD: 0.52%
• 6M: 0.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHMB vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
JHMB John Hancock Mortgage Backed Securities ETF	0.68%	0.10%
BNDP Vanguard Core-Plus Bond Index ETF	0.52%	0.08%

Correlation

The correlation between JHMB and BNDP is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.88

Return for Risk

JHMB vs. BNDP — Risk / Return Rank

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

JHMB

JHMB Risk / Return Rank: 44
JHMB Sharpe Ratio Rank: 47
JHMB Sortino Ratio Rank: 51
JHMB Omega Ratio Rank: 45
JHMB Calmar Ratio Rank: 41
JHMB Martin Ratio Rank: 37

BNDP

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

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.

JHMB vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and Vanguard Core-Plus Bond Index ETF (BNDP). 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.

	JHMB	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	1.52	—	—
Sortino ratio: Return per unit of downside risk	2.32	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.92	—	—
Martin ratio: Return relative to average drawdown	5.24	—	—

Drawdowns

JHMB vs. BNDP - Drawdown Comparison

The maximum JHMB drawdown since its inception was -14.53%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for JHMB and BNDP.

Drawdown Indicators

	JHMB	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-2.60%	-11.93%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.80%	—	—
Current Drawdown Current decline from peak	-1.53%	-1.13%	-0.40%
Average Drawdown Average peak-to-trough decline	-4.79%	-0.89%	-3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	—	—

Volatility

Volatility by Period

	JHMB	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	3.70%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.79%	3.70%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.79%	3.70%	+2.09%

JHMB vs. BNDP - Expense Ratio Comparison

JHMB has a 0.39% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

JHMB vs. BNDP - Dividend Comparison

JHMB's dividend yield for the trailing twelve months is around 4.72%, more than BNDP's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021
BNDP Vanguard Core-Plus Bond Index ETF	2.07%	0.24%	0.00%	0.00%	0.00%	0.00%
JHMB John Hancock Mortgage Backed Securities ETF	4.72%	4.48%	4.88%	4.04%	4.17%	0.98%

Frequently Asked Questions

Can I hold both JHMB and BNDP in my portfolio?

JHMB and BNDP have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHMB or BNDP?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHMB or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.39% for JHMB.

Which ETF pays a higher dividend yield, JHMB or BNDP?

JHMB has the higher dividend yield at 4.72%, compared with 2.07% for BNDP.

What is the main difference between JHMB and BNDP?

They also come from different issuers: John Hancock and Vanguard. Their fees differ too: 0.39% for JHMB and 0.05% for BNDP.