JHMB vs. JHLN
JHMB (John Hancock Mortgage Backed Securities ETF) and JHLN (John Hancock Global Senior Loan ETF) are both exchange-traded funds - JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while JHLN is a Bank Loan fund actively managed by John Hancock. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. JHMB charges 0.39%/yr vs 0.59%/yr for JHLN.
Performance
JHMB vs. JHLN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JHMB having a 0.68% return and JHLN slightly higher at 0.71%.
JHMB
- 1D
- 0.05%
- 1M
- 0.72%
- YTD
- 0.68%
- 6M
- 0.76%
- 1Y
- 5.76%
- 3Y*
- 5.14%
- 5Y*
- —
- 10Y*
- —
JHLN
- 1D
- -0.10%
- 1M
- 0.21%
- YTD
- 0.71%
- 6M
- 1.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JHMB vs. JHLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 0.68% | 3.59% |
JHLN John Hancock Global Senior Loan ETF | 0.71% | 1.55% |
Correlation
The correlation between JHMB and JHLN is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.04 |
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Return for Risk
JHMB vs. JHLN — Risk / Return Rank
JHMB
JHLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JHMB vs. JHLN - 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 Global Senior Loan ETF (JHLN). 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 | JHLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | — | — |
| Martin ratioReturn relative to average drawdown | 5.24 | — | — |
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Drawdowns
JHMB vs. JHLN - Drawdown Comparison
The maximum JHMB drawdown since its inception was -14.53%, which is greater than JHLN's maximum drawdown of -1.46%. Use the drawdown chart below to compare losses from any high point for JHMB and JHLN.
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Drawdown Indicators
| JHMB | JHLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -1.46% | -13.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -0.10% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -0.31% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | — | — |
Volatility
JHMB vs. JHLN - Volatility Comparison
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Volatility by Period
| JHMB | JHLN | 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% | 2.62% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 2.62% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 2.62% | +3.17% |
JHMB vs. JHLN - Expense Ratio Comparison
JHMB has a 0.39% expense ratio, which is lower than JHLN's 0.59% expense ratio.
Dividends
JHMB vs. JHLN - Dividend Comparison
JHMB's dividend yield for the trailing twelve months is around 4.72%, more than JHLN's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JHLN John Hancock Global Senior Loan ETF | 3.86% | 1.88% | 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
JHMB and JHLN have a correlation of 0.04, 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 0.59% for JHLN.
JHMB has the higher dividend yield at 4.72%, compared with 3.86% for JHLN.
JHMB is categorized as Intermediate Core-Plus Bond, while JHLN is Bank Loan. Their fees differ too: 0.39% for JHMB and 0.59% for JHLN.
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