JHMB vs. SPCK

Last updated Aug 4, 2026

JHMB (John Hancock Mortgage Backed Securities ETF) and SPCK (SPAC and New Issue ETF) are both exchange-traded funds - JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while SPCK is a Actively Managed fund actively managed by Tuttle. Both are actively managed. Over the past 3 years, JHMB returned 5.16%/yr vs 3.78%/yr for SPCK. Their 0.03 correlation means their historical movements had little consistent relationship. JHMB charges 0.39%/yr vs 0.95%/yr for SPCK.

Performance

JHMB vs. SPCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Mortgage Backed Securities ETF (JHMB) and SPAC and New Issue ETF (SPCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHMB achieves a -0.01% return, which is significantly lower than SPCK's 1.39% return.

JHMB

• 1D: 0.24%
• 1M: -1.02%
• 6M: -0.36%
• YTD: -0.01%
• 1Y: 3.77%
• 3Y*: 5.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.28%

SPCK

• 1D: 0.05%
• 1M: -0.21%
• 6M: -0.10%
• YTD: 1.39%
• 1Y: 3.71%
• 3Y*: 3.78%
• 5Y*: -1.36%
• 10Y*: —
• ALL TIME*: 1.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JHMB John Hancock Mortgage Backed Securities ETF	$656.90K	$672.97K	$838.26K
SPCK SPAC and New Issue ETF	$43.79K	$100.22K	$147.02K

JHMB vs. SPCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JHMB John Hancock Mortgage Backed Securities ETF	-0.01%	7.89%	3.52%	7.21%	-10.24%	-0.88%
SPCK SPAC and New Issue ETF	1.39%	7.81%	2.84%	-4.10%	-12.25%	-0.88%

Correlation

The correlation between JHMB and SPCK is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (3Y) Balances recent behavior with more history.	0.00
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021	0.03

Return for Risk

JHMB vs. SPCK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JHMB

JHMB Risk / Return Rank: 36
JHMB Sharpe Ratio Rank: 38
JHMB Sortino Ratio Rank: 38
JHMB Omega Ratio Rank: 35
JHMB Calmar Ratio Rank: 35
JHMB Martin Ratio Rank: 32

SPCK

SPCK Risk / Return Rank: 28
SPCK Sharpe Ratio Rank: 25
SPCK Sortino Ratio Rank: 24
SPCK Omega Ratio Rank: 24
SPCK Calmar Ratio Rank: 38
SPCK Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JHMB vs. SPCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and SPAC and New Issue ETF (SPCK). 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	SPCK	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.62	+0.39
Sortino ratio: Return per unit of downside risk	1.51	0.94	+0.57
Omega ratio: Gain probability vs. loss probability	1.17	1.12	+0.05
Calmar ratio: Return relative to maximum drawdown	1.26	1.44	-0.19
Martin ratio: Return relative to average drawdown	3.10	2.63	+0.48

JHMB vs. SPCK - Sharpe Ratio Comparison

The current JHMB Sharpe Ratio is 1.01, which is higher than the SPCK Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of JHMB and SPCK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JHMB vs. SPCK - Drawdown Comparison

The maximum JHMB drawdown since its inception was -14.53%, smaller than the maximum SPCK drawdown of -28.28%. Use the drawdown chart below to compare losses from any high point for JHMB and SPCK.

Drawdown Indicators

	JHMB	SPCK	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-28.28%	+13.75%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	-2.58%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-5.42%	-7.72%	+2.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.89%	—
Current Drawdown Current decline from peak	-2.20%	-17.05%	+14.85%
Average Drawdown Average peak-to-trough decline	-4.72%	-18.79%	+14.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	1.42%	-0.20%

Volatility

JHMB vs. SPCK - Volatility Comparison

The current volatility for John Hancock Mortgage Backed Securities ETF (JHMB) is 1.02%, while SPAC and New Issue ETF (SPCK) has a volatility of 1.80%. This indicates that JHMB experiences smaller price fluctuations and is considered to be less risky than SPCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHMB	SPCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	1.80%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	4.84%	-1.96%
Volatility (1Y) Calculated over the trailing 1-year period	3.76%	6.04%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.75%	8.34%	-2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.75%	9.20%	-3.45%

JHMB vs. SPCK - Expense Ratio Comparison

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

Dividends

JHMB vs. SPCK - Dividend Comparison

JHMB's dividend yield for the trailing twelve months is around 4.85%, less than SPCK's 16.26% yield.

Position	TTM	2025	2024	2023	2022	2021
JHMB John Hancock Mortgage Backed Securities ETF	4.85%	4.48%	4.88%	4.04%	4.17%	0.98%
SPCK SPAC and New Issue ETF	16.26%	16.48%	0.69%	2.27%	0.00%	1.28%

Frequently Asked Questions

Can I hold both JHMB and SPCK in my portfolio?

JHMB and SPCK have a correlation of 0.01, 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 SPCK?

SPCK has higher volatility (1.80%) compared to JHMB (1.02%). In terms of maximum drawdown, JHMB dropped -14.53% vs SPCK's -28.28%.

Which ETF is better, JHMB or SPCK?

On 3-year performance, JHMB leads with 5.16% vs 3.78% for SPCK. On fees, JHMB is cheaper at 0.39% per year. On volatility, JHMB has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHMB or SPCK?

Over the 3-year period, JHMB has performed better with a 5.16% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHMB or SPCK?

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

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

SPCK has the higher dividend yield at 16.26%, compared with 4.85% for JHMB.

What is the main difference between JHMB and SPCK?

JHMB is categorized as Intermediate Core-Plus Bond, while SPCK is Actively Managed. They also come from different issuers: John Hancock and Tuttle. Their fees differ too: 0.39% for JHMB and 0.95% for SPCK.

Which has better risk-adjusted returns?

JHMB currently has the higher Sharpe Ratio (1.01 vs 0.62), 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.