JHMB vs. JDVL
JHMB (John Hancock Mortgage Backed Securities ETF) and JDVL (John Hancock Disciplined Value Select ETF) are both exchange-traded funds - JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while JDVL is a Large Cap Value Equities fund actively managed by John Hancock. Both are actively managed. Their 0.30 correlation means their historical movements had little consistent relationship. JHMB charges 0.39%/yr vs 0.56%/yr for JDVL.
Performance
JHMB vs. JDVL - Performance Comparison
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Returns By Period
In the year-to-date period, JHMB achieves a -0.01% return, which is significantly lower than JDVL's 17.76% return.
JHMB
- 1D
- 0.24%
- 1M
- -1.02%
- 6M
- -0.36%
- YTD
- -0.01%
- 1Y
- 3.77%
- 3Y*
- 5.16%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.28%
JDVL
- 1D
- 1.11%
- 1M
- 0.63%
- 6M
- 9.99%
- YTD
- 17.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.24M | $2.85M | $2.26M | |
| $656.90K | $672.97K | $838.26K |
JHMB vs. JDVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | -0.01% | 3.26% |
JDVL John Hancock Disciplined Value Select ETF | 17.76% | 10.04% |
Correlation
The correlation between JHMB and JDVL is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025 | 0.30 |
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Return for Risk
JHMB vs. JDVL — Risk / Return Rank
JHMB
JDVL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JHMB vs. JDVL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and John Hancock Disciplined Value Select ETF (JDVL). 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 | JDVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | — | — |
| Martin ratioReturn relative to average drawdown | 3.10 | — | — |
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Drawdowns
JHMB vs. JDVL - Drawdown Comparison
The maximum JHMB drawdown since its inception was -14.53%, which is greater than JDVL's maximum drawdown of -9.17%. Use the drawdown chart below to compare losses from any high point for JHMB and JDVL.
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Drawdown Indicators
| JHMB | JDVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -9.17% | -5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.42% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | 0.00% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -1.24% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | — | — |
Volatility
JHMB vs. JDVL - Volatility Comparison
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Volatility by Period
| JHMB | JDVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 14.13% | -10.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 14.13% | -8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 14.13% | -8.38% |
JHMB vs. JDVL - Expense Ratio Comparison
JHMB has a 0.39% expense ratio, which is lower than JDVL's 0.56% expense ratio.
Dividends
JHMB vs. JDVL - Dividend Comparison
JHMB's dividend yield for the trailing twelve months is around 4.85%, more than JDVL's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JDVL John Hancock Disciplined Value Select ETF | 1.45% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% |
JHMB John Hancock Mortgage Backed Securities ETF | 4.85% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% |
Frequently Asked Questions
JHMB and JDVL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHMB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHMB is cheaper with a 0.39% expense ratio, compared with 0.56% for JDVL.
JHMB has the higher dividend yield at 4.85%, compared with 1.45% for JDVL.
JHMB is categorized as Intermediate Core-Plus Bond, while JDVL is Large Cap Value Equities. Their fees differ too: 0.39% for JHMB and 0.56% for JDVL.
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