JHMB vs. NRGU

Last updated Jun 4, 2026

JHMB (John Hancock Mortgage Backed Securities ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). JHMB is actively managed, while NRGU is passively managed. Over the past year, JHMB returned 6.77% vs 156.99% for NRGU. At a correlation of -0.25, they often move in opposite directions. JHMB charges 0.39%/yr vs 0.95%/yr for NRGU.

Performance

JHMB vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Mortgage Backed Securities ETF (JHMB) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHMB achieves a 0.36% return, which is significantly lower than NRGU's 129.31% return.

JHMB

• 1D: -0.23%
• 1M: 0.40%
• YTD: 0.36%
• 6M: 0.46%
• 1Y: 6.77%
• 3Y*: 5.24%
• 5Y*: —
• 10Y*: —

NRGU

• 1D: 2.53%
• 1M: -6.67%
• YTD: 129.31%
• 6M: 97.01%
• 1Y: 156.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JHMB vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
JHMB John Hancock Mortgage Backed Securities ETF	0.36%	6.99%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	129.31%	-33.00%

Correlation

The correlation between JHMB and NRGU is -0.30, 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	-0.30
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	-0.25

Return for Risk

JHMB vs. NRGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHMB

JHMB Risk / Return Rank: 49
JHMB Sharpe Ratio Rank: 51
JHMB Sortino Ratio Rank: 57
JHMB Omega Ratio Rank: 50
JHMB Calmar Ratio Rank: 46
JHMB Martin Ratio Rank: 42

NRGU

NRGU Risk / Return Rank: 58
NRGU Sharpe Ratio Rank: 62
NRGU Sortino Ratio Rank: 48
NRGU Omega Ratio Rank: 48
NRGU Calmar Ratio Rank: 77
NRGU Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JHMB vs. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). 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	NRGU	Difference
Sharpe ratio Return per unit of total volatility	1.75	2.11	-0.36
Sortino ratio Return per unit of downside risk	2.69	2.43	+0.26
Omega ratio Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio Return relative to maximum drawdown	2.26	3.95	-1.70
Martin ratio Return relative to average drawdown	6.58	9.88	-3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHMB vs. NRGU - Sharpe Ratio Comparison

The current JHMB Sharpe Ratio is 1.75, which is comparable to the NRGU Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of JHMB and NRGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JHMB	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	2.11	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.45	-0.20

Drawdowns

JHMB vs. NRGU - Drawdown Comparison

The maximum JHMB drawdown since its inception was -14.53%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for JHMB and NRGU.

Drawdown Indicators

	JHMB	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-57.50%	+42.97%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	-39.95%	+36.94%
Max Drawdown (3Y) Largest decline over 3 years	-5.80%	—	—
Current Drawdown Current decline from peak	-1.84%	-20.91%	+19.07%
Average Drawdown Average peak-to-trough decline	-4.82%	-25.42%	+20.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	15.96%	-14.93%

Volatility

JHMB vs. NRGU - Volatility Comparison

The current volatility for John Hancock Mortgage Backed Securities ETF (JHMB) is 1.16%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 31.63%. This indicates that JHMB experiences smaller price fluctuations and is considered to be less risky than NRGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHMB	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	31.63%	-30.47%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	61.27%	-58.51%
Volatility (1Y) Calculated over the trailing 1-year period	3.91%	75.15%	-71.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.81%	89.15%	-83.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.81%	89.15%	-83.34%

JHMB vs. NRGU - Expense Ratio Comparison

JHMB has a 0.39% expense ratio, which is lower than NRGU's 0.95% expense ratio.

Dividends

JHMB vs. NRGU - Dividend Comparison

JHMB's dividend yield for the trailing twelve months is around 4.73%, while NRGU has not paid dividends to shareholders.

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%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHMB and NRGU in my portfolio?

JHMB and NRGU 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.

Which is riskier, JHMB or NRGU?

NRGU has higher volatility (31.63%) compared to JHMB (1.16%). In terms of maximum drawdown, JHMB dropped -14.53% vs NRGU's -57.50%.

Which ETF is better, JHMB or NRGU?

On 1-year performance, NRGU leads with 156.99% vs 6.77% 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.

Which ETF has performed better, JHMB or NRGU?

Over the 1-year period, NRGU has performed better with a 156.99% return vs 6.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHMB or NRGU?

JHMB is cheaper with a 0.39% expense ratio, compared with 0.95% for NRGU.

Which ETF pays a higher dividend yield, JHMB or NRGU?

JHMB has the higher dividend yield at 4.73%, compared with 0.00% for NRGU.

What is the main difference between JHMB and NRGU?

JHMB is categorized as Intermediate Core-Plus Bond, while NRGU is Leveraged Equities. They also come from different issuers: John Hancock and BMO. Their fees differ too: 0.39% for JHMB and 0.95% for NRGU.

Which has better risk-adjusted returns?

NRGU currently has the higher Sharpe Ratio (2.11 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.