JHMB vs. PSCE
JHMB (John Hancock Mortgage Backed Securities ETF) and PSCE (Invesco S&P SmallCap Energy ETF) are both exchange-traded funds - JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while PSCE is a Energy Equities fund tracking the S&P SmallCap 600 Energy Index. JHMB is actively managed, while PSCE is passively managed. Over the past 3 years, JHMB returned 5.24%/yr vs 12.72%/yr for PSCE. At a correlation of -0.09, they often move in opposite directions. JHMB charges 0.39%/yr vs 0.29%/yr for PSCE.
Performance
JHMB vs. PSCE - 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 PSCE's 42.33% return.
JHMB
- 1D
- -0.23%
- 1M
- 0.40%
- YTD
- 0.36%
- 6M
- 0.46%
- 1Y
- 6.77%
- 3Y*
- 5.24%
- 5Y*
- —
- 10Y*
- —
PSCE
- 1D
- 0.29%
- 1M
- -4.35%
- YTD
- 42.33%
- 6M
- 34.80%
- 1Y
- 61.94%
- 3Y*
- 12.72%
- 5Y*
- 10.77%
- 10Y*
- -1.45%
JHMB vs. PSCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 0.36% | 7.89% | 3.52% | 7.21% | -10.24% | -0.79% |
PSCE Invesco S&P SmallCap Energy ETF | 42.33% | -9.00% | -5.47% | 5.07% | 48.45% | 23.00% |
Correlation
The correlation between JHMB and PSCE is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2021 | -0.09 |
The correlation between JHMB and PSCE shifts across timeframes, from -0.23 (1 year) to -0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JHMB vs. PSCE — Risk / Return Rank
JHMB
PSCE
JHMB vs. PSCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and Invesco S&P SmallCap Energy ETF (PSCE). 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 | PSCE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 2.32 | -0.57 |
Sortino ratioReturn per unit of downside risk | 2.69 | 2.92 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 6.61 | -4.36 |
Martin ratioReturn relative to average drawdown | 6.58 | 16.61 | -10.03 |
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 | PSCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 2.32 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.09 | +0.33 |
Drawdowns
JHMB vs. PSCE - Drawdown Comparison
The maximum JHMB drawdown since its inception was -14.53%, smaller than the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for JHMB and PSCE.
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Drawdown Indicators
| JHMB | PSCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -96.21% | +81.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -9.41% | +6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | -44.57% | +38.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.70% | — |
Current DrawdownCurrent decline from peak | -1.84% | -74.71% | +72.87% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -58.83% | +54.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 3.74% | -2.71% |
Volatility
JHMB vs. PSCE - Volatility Comparison
The current volatility for John Hancock Mortgage Backed Securities ETF (JHMB) is 1.16%, while Invesco S&P SmallCap Energy ETF (PSCE) has a volatility of 7.96%. This indicates that JHMB experiences smaller price fluctuations and is considered to be less risky than PSCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHMB | PSCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 7.96% | -6.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 18.54% | -15.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 27.01% | -23.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 37.44% | -31.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 43.26% | -37.45% |
JHMB vs. PSCE - Expense Ratio Comparison
JHMB has a 0.39% expense ratio, which is higher than PSCE's 0.29% expense ratio.
Dividends
JHMB vs. PSCE - Dividend Comparison
JHMB's dividend yield for the trailing twelve months is around 4.73%, more than PSCE's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 4.73% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSCE Invesco S&P SmallCap Energy ETF | 1.84% | 2.39% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% |
Frequently Asked Questions
JHMB and PSCE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCE has higher volatility (7.96%) compared to JHMB (1.16%). In terms of maximum drawdown, JHMB dropped -14.53% vs PSCE's -96.21%.
On 3-year performance, PSCE leads with 12.72% vs 5.24% for JHMB. On fees, PSCE is cheaper at 0.29% 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, PSCE has performed better with a 12.72% return vs 5.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCE is cheaper with a 0.29% expense ratio, compared with 0.39% for JHMB.
JHMB has the higher dividend yield at 4.73%, compared with 1.84% for PSCE.
JHMB is categorized as Intermediate Core-Plus Bond, while PSCE is Energy Equities. They also come from different issuers: John Hancock and Invesco. Their fees differ too: 0.39% for JHMB and 0.29% for PSCE.
PSCE currently has the higher Sharpe Ratio (2.32 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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