JHMB vs. NBET
JHMB (John Hancock Mortgage Backed Securities ETF) and NBET (Neuberger Berman Energy Transition & Infrastructure ETF) are both exchange-traded funds - JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while NBET is a Energy Equities fund actively managed by Neuberger Berman. Both are actively managed. Over the past 3 years, JHMB returned 5.24%/yr vs 20.75%/yr for NBET. At a 0.07 correlation, their price movements are largely independent. JHMB charges 0.39%/yr vs 0.65%/yr for NBET.
Performance
JHMB vs. NBET - Performance Comparison
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Returns By Period
In the year-to-date period, JHMB achieves a 0.36% return, which is significantly lower than NBET's 24.24% return.
JHMB
- 1D
- -0.23%
- 1M
- 0.40%
- YTD
- 0.36%
- 6M
- 0.46%
- 1Y
- 6.77%
- 3Y*
- 5.24%
- 5Y*
- —
- 10Y*
- —
NBET
- 1D
- 0.61%
- 1M
- -2.79%
- YTD
- 24.24%
- 6M
- 21.82%
- 1Y
- 27.14%
- 3Y*
- 20.75%
- 5Y*
- —
- 10Y*
- —
JHMB vs. NBET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 0.36% | 7.89% | 3.52% | 7.21% | -5.36% |
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 24.24% | 5.87% | 30.30% | 7.48% | -6.09% |
Correlation
The correlation between JHMB and NBET is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.07 |
The correlation between JHMB and NBET shifts across timeframes, from -0.22 (1 year) to 0.11 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JHMB vs. NBET — Risk / Return Rank
JHMB
NBET
JHMB vs. NBET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and Neuberger Berman Energy Transition & Infrastructure ETF (NBET). 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.
| JHMB | NBET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 3.99 | -1.73 |
| Martin ratioReturn relative to average drawdown | 6.58 | 10.51 | -3.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JHMB | NBET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.87 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.73 | -0.48 |
Drawdowns
JHMB vs. NBET - Drawdown Comparison
The maximum JHMB drawdown since its inception was -14.53%, smaller than the maximum NBET drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for JHMB and NBET.
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Drawdown Indicators
| JHMB | NBET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -18.72% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -6.84% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | -18.72% | +12.92% |
Current DrawdownCurrent decline from peak | -1.84% | -4.32% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -5.06% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.59% | -1.56% |
Volatility
JHMB vs. NBET - Volatility Comparison
The current volatility for John Hancock Mortgage Backed Securities ETF (JHMB) is 1.16%, while Neuberger Berman Energy Transition & Infrastructure ETF (NBET) has a volatility of 5.82%. This indicates that JHMB experiences smaller price fluctuations and is considered to be less risky than NBET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHMB | NBET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 5.82% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 11.12% | -8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 14.62% | -10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 19.54% | -13.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 19.54% | -13.73% |
JHMB vs. NBET - Expense Ratio Comparison
JHMB has a 0.39% expense ratio, which is lower than NBET's 0.65% expense ratio.
Dividends
JHMB vs. NBET - Dividend Comparison
JHMB's dividend yield for the trailing twelve months is around 4.73%, more than NBET's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 4.73% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% |
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 2.34% | 2.70% | 2.43% | 1.22% | 0.87% | 0.00% |
Frequently Asked Questions
JHMB and NBET have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBET has higher volatility (5.82%) compared to JHMB (1.16%). In terms of maximum drawdown, JHMB dropped -14.53% vs NBET's -18.72%.
On 3-year performance, NBET leads with 20.75% vs 5.24% for JHMB. On fees, JHMB is cheaper at 0.39% per year. On volatility, JHMB has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NBET has performed better with a 20.75% return vs 5.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHMB is cheaper with a 0.39% expense ratio, compared with 0.65% for NBET.
JHMB has the higher dividend yield at 4.73%, compared with 2.34% for NBET.
JHMB is categorized as Intermediate Core-Plus Bond, while NBET is Energy Equities. They also come from different issuers: John Hancock and Neuberger Berman. Their fees differ too: 0.39% for JHMB and 0.65% for NBET.
NBET currently has the higher Sharpe Ratio (1.87 vs 1.75), 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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