JHMB vs. JHCB
JHMB (John Hancock Mortgage Backed Securities ETF) and JHCB (John Hancock Corporate Bond ETF) are both exchange-traded funds - JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while JHCB is a Corporate Bonds fund actively managed by John Hancock. Both are actively managed. Over the past 3 years, JHMB returned 5.17%/yr vs 5.05%/yr for JHCB. Their 0.67 correlation means they have sometimes moved together and sometimes differently. JHMB charges 0.39%/yr vs 0.29%/yr for JHCB.
Performance
JHMB vs. JHCB - Performance Comparison
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Returns By Period
In the year-to-date period, JHMB achieves a -0.24% return, which is significantly higher than JHCB's -1.01% return.
JHMB
- 1D
- -0.37%
- 1M
- -1.26%
- 6M
- -0.69%
- YTD
- -0.24%
- 1Y
- 3.53%
- 3Y*
- 5.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.24%
JHCB
- 1D
- -0.29%
- 1M
- -1.98%
- 6M
- -1.36%
- YTD
- -1.01%
- 1Y
- 1.55%
- 3Y*
- 5.05%
- 5Y*
- -0.15%
- 10Y*
- —
- ALL TIME*
- 0.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $496.05K | $369.71K | $346.04K | |
| $682.94K | $785.88K | $842.54K |
JHMB vs. JHCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | -0.24% | 7.89% | 3.52% | 7.21% | -10.24% | -0.88% |
JHCB John Hancock Corporate Bond ETF | -1.01% | 8.02% | 2.75% | 8.89% | -15.93% | -0.80% |
Correlation
The correlation between JHMB and JHCB is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | 0.67 |
The correlation between JHMB and JHCB shifts across timeframes, from 0.67 (all time) to 0.83 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JHMB vs. JHCB — Risk / Return Rank
JHMB
JHCB
JHMB vs. JHCB - 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 Corporate Bond ETF (JHCB). 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 | JHCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.08 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.64 | +0.73 |
| Martin ratioReturn relative to average drawdown | 3.42 | 1.87 | +1.55 |
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Drawdowns
JHMB vs. JHCB - Drawdown Comparison
The maximum JHMB drawdown since its inception was -14.53%, smaller than the maximum JHCB drawdown of -22.61%. Use the drawdown chart below to compare losses from any high point for JHMB and JHCB.
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Drawdown Indicators
| JHMB | JHCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -22.61% | +8.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -3.16% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.42% | -5.47% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.57% | — |
Current DrawdownCurrent decline from peak | -2.43% | -2.40% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -7.99% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.08% | +0.13% |
Volatility
JHMB vs. JHCB - Volatility Comparison
The current volatility for John Hancock Mortgage Backed Securities ETF (JHMB) is 1.02%, while John Hancock Corporate Bond ETF (JHCB) has a volatility of 1.09%. This indicates that JHMB experiences smaller price fluctuations and is considered to be less risky than JHCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHMB | JHCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.09% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 3.46% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 4.30% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 6.94% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 6.81% | -1.06% |
JHMB vs. JHCB - Expense Ratio Comparison
JHMB has a 0.39% expense ratio, which is higher than JHCB's 0.29% expense ratio.
Dividends
JHMB vs. JHCB - Dividend Comparison
JHMB's dividend yield for the trailing twelve months is around 4.86%, less than JHCB's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JHCB John Hancock Corporate Bond ETF | 5.13% | 4.92% | 5.02% | 4.35% | 3.86% | 2.41% |
JHMB John Hancock Mortgage Backed Securities ETF | 4.86% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% |
Frequently Asked Questions
JHMB and JHCB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JHCB has higher volatility (1.09%) compared to JHMB (1.02%). In terms of maximum drawdown, JHMB dropped -14.53% vs JHCB's -22.61%.
On 3-year performance, JHMB leads with 5.17% vs 5.05% for JHCB. On fees, JHCB is cheaper at 0.29% 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 5.17% return vs 5.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHCB is cheaper with a 0.29% expense ratio, compared with 0.39% for JHMB.
JHCB has the higher dividend yield at 5.13%, compared with 4.86% for JHMB.
JHMB is categorized as Intermediate Core-Plus Bond, while JHCB is Corporate Bonds. Their fees differ too: 0.39% for JHMB and 0.29% for JHCB.
JHMB currently has the higher Sharpe Ratio (1.09 vs 0.47), 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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