JHMB vs. IUSB
JHMB (John Hancock Mortgage Backed Securities ETF) and IUSB (iShares Core Universal USD Bond ETF) are both Intermediate Core-Plus Bond funds. JHMB is actively managed, while IUSB is passively managed. Over the past 3 years, JHMB returned 5.14%/yr vs 4.52%/yr for IUSB. A 0.72 correlation means they provide meaningful diversification when combined. JHMB charges 0.39%/yr vs 0.06%/yr for IUSB.
Performance
JHMB vs. IUSB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JHMB having a 0.68% return and IUSB slightly lower at 0.67%.
JHMB
- 1D
- 0.05%
- 1M
- 0.72%
- YTD
- 0.68%
- 6M
- 0.76%
- 1Y
- 5.76%
- 3Y*
- 5.14%
- 5Y*
- —
- 10Y*
- —
IUSB
- 1D
- 0.13%
- 1M
- 0.70%
- YTD
- 0.67%
- 6M
- 0.76%
- 1Y
- 4.68%
- 3Y*
- 4.52%
- 5Y*
- 0.42%
- 10Y*
- 1.90%
JHMB vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 0.68% | 7.89% | 3.52% | 7.21% | -10.24% | -0.88% |
IUSB iShares Core Universal USD Bond ETF | 0.67% | 7.38% | 2.11% | 6.23% | -13.04% | -0.77% |
Correlation
The correlation between JHMB and IUSB is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | 0.72 |
The correlation between JHMB and IUSB shifts across timeframes, from 0.72 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JHMB vs. IUSB — Risk / Return Rank
JHMB
IUSB
JHMB vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and iShares Core Universal USD Bond ETF (IUSB). 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 | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.86 | +0.06 |
| Martin ratioReturn relative to average drawdown | 5.24 | 5.36 | -0.12 |
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Drawdowns
JHMB vs. IUSB - Drawdown Comparison
The maximum JHMB drawdown since its inception was -14.53%, smaller than the maximum IUSB drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for JHMB and IUSB.
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Drawdown Indicators
| JHMB | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -17.90% | +3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.53% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | -5.82% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.90% | — |
Current DrawdownCurrent decline from peak | -1.53% | -1.09% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -3.58% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.88% | +0.22% |
Volatility
JHMB vs. IUSB - Volatility Comparison
John Hancock Mortgage Backed Securities ETF (JHMB) has a higher volatility of 1.14% compared to iShares Core Universal USD Bond ETF (IUSB) at 1.08%. This indicates that JHMB's price experiences larger fluctuations and is considered to be riskier than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHMB | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.08% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 2.72% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.58% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 5.80% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 5.04% | +0.75% |
JHMB vs. IUSB - Expense Ratio Comparison
JHMB has a 0.39% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Dividends
JHMB vs. IUSB - Dividend Comparison
JHMB's dividend yield for the trailing twelve months is around 4.72%, more than IUSB's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | 4.22% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
JHMB John Hancock Mortgage Backed Securities ETF | 4.72% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JHMB and IUSB have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHMB has higher volatility (1.14%) compared to IUSB (1.08%). In terms of maximum drawdown, JHMB dropped -14.53% vs IUSB's -17.90%.
On 3-year performance, JHMB leads with 5.14% vs 4.52% for IUSB. On fees, IUSB is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JHMB has performed better with a 5.14% return vs 4.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSB is cheaper with a 0.06% expense ratio, compared with 0.39% for JHMB.
JHMB has the higher dividend yield at 4.72%, compared with 4.22% for IUSB.
They also come from different issuers: John Hancock and iShares. Their fees differ too: 0.39% for JHMB and 0.06% for IUSB.
JHMB currently has the higher Sharpe Ratio (1.52 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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