JHMB vs. USOI
JHMB (John Hancock Mortgage Backed Securities ETF) and USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) are both exchange-traded funds - JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while USOI is a Oil & Gas fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. JHMB is actively managed, while USOI is passively managed. Over the past year, JHMB returned 3.77% vs 24.73% for USOI. Their -0.27 correlation means they have often moved in opposite directions in the past. JHMB charges 0.39%/yr vs 0.85%/yr for USOI.
Performance
JHMB vs. USOI - Performance Comparison
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Returns By Period
In the year-to-date period, JHMB achieves a -0.01% return, which is significantly lower than USOI's 32.22% 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%
USOI
- 1D
- -0.28%
- 1M
- 11.20%
- 6M
- 24.65%
- YTD
- 32.22%
- 1Y
- 24.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $656.90K | $672.97K | $838.26K | |
| $22.50M | $18.84M | $9.10M |
JHMB vs. USOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | -0.01% | 7.89% | 4.02% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 32.22% | -8.78% | 3.24% |
Correlation
The correlation between JHMB and USOI is -0.37, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | -0.27 |
The correlation between JHMB and USOI shifts across timeframes, from -0.37 (1 year) to -0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JHMB vs. USOI — Risk / Return Rank
JHMB
USOI
JHMB vs. USOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI). 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 | USOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.06 | +0.20 |
| Martin ratioReturn relative to average drawdown | 3.10 | 3.29 | -0.19 |
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Drawdowns
JHMB vs. USOI - Drawdown Comparison
The maximum JHMB drawdown since its inception was -14.53%, smaller than the maximum USOI drawdown of -23.54%. Use the drawdown chart below to compare losses from any high point for JHMB and USOI.
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Drawdown Indicators
| JHMB | USOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -23.54% | +9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -23.54% | +20.53% |
Max Drawdown (3Y)Largest decline over 3 years | -5.42% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | -14.86% | +12.66% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -7.86% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 7.57% | -6.35% |
Volatility
JHMB vs. USOI - Volatility Comparison
The current volatility for John Hancock Mortgage Backed Securities ETF (JHMB) is 1.02%, while Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) has a volatility of 6.22%. This indicates that JHMB experiences smaller price fluctuations and is considered to be less risky than USOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHMB | USOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 6.22% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 20.39% | -17.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 24.68% | -20.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 23.30% | -17.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 23.30% | -17.55% |
JHMB vs. USOI - Expense Ratio Comparison
JHMB has a 0.39% expense ratio, which is lower than USOI's 0.85% expense ratio.
Dividends
JHMB vs. USOI - Dividend Comparison
JHMB's dividend yield for the trailing twelve months is around 4.85%, less than USOI's 46.56% 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% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 46.56% | 27.21% | 12.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JHMB and USOI have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOI has higher volatility (6.22%) compared to JHMB (1.02%). In terms of maximum drawdown, JHMB dropped -14.53% vs USOI's -23.54%.
On 1-year performance, USOI leads with 24.73% vs 3.77% for JHMB. 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.
Over the 1-year period, USOI has performed better with a 24.73% return vs 3.77%. 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 0.85% for USOI.
USOI has the higher dividend yield at 46.56%, compared with 4.85% for JHMB.
JHMB is categorized as Intermediate Core-Plus Bond, while USOI is Oil & Gas. They also come from different issuers: John Hancock and Credit Suisse. Their fees differ too: 0.39% for JHMB and 0.85% for USOI.
USOI currently has the higher Sharpe Ratio (1.01 vs 1.01), 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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