JHMB vs. VBTLX
JHMB (John Hancock Mortgage Backed Securities ETF) and VBTLX (Vanguard Total Bond Market Index Fund Admiral Shares) are both funds - JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock, while VBTLX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. JHMB is actively managed, while VBTLX is passively managed. Over the past 3 years, JHMB returned 5.14%/yr vs 3.94%/yr for VBTLX. A 0.72 correlation means they provide meaningful diversification when combined. JHMB charges 0.39%/yr vs 0.04%/yr for VBTLX.
Performance
JHMB vs. VBTLX - Performance Comparison
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Returns By Period
In the year-to-date period, JHMB achieves a 0.68% return, which is significantly higher than VBTLX's 0.11% return.
JHMB
- 1D
- 0.05%
- 1M
- 0.72%
- YTD
- 0.68%
- 6M
- 0.76%
- 1Y
- 5.76%
- 3Y*
- 5.14%
- 5Y*
- —
- 10Y*
- —
VBTLX
- 1D
- -0.31%
- 1M
- 0.66%
- YTD
- 0.11%
- 6M
- 0.45%
- 1Y
- 4.14%
- 3Y*
- 3.94%
- 5Y*
- 0.02%
- 10Y*
- 1.50%
JHMB vs. VBTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 0.68% | 7.89% | 3.52% | 7.21% | -10.24% | -0.88% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 0.11% | 7.17% | 1.26% | 5.74% | -13.16% | -0.83% |
Correlation
The correlation between JHMB and VBTLX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | 0.72 |
The correlation between JHMB and VBTLX shifts across timeframes, from 0.72 (all time) to 0.88 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JHMB vs. VBTLX — Risk / Return Rank
JHMB
VBTLX
JHMB vs. VBTLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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 | VBTLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.51 | +0.41 |
| Martin ratioReturn relative to average drawdown | 5.24 | 4.28 | +0.96 |
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Drawdowns
JHMB vs. VBTLX - Drawdown Comparison
The maximum JHMB drawdown since its inception was -14.53%, smaller than the maximum VBTLX drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for JHMB and VBTLX.
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Drawdown Indicators
| JHMB | VBTLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -18.81% | +4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.89% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | -6.00% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.81% | — |
Current DrawdownCurrent decline from peak | -1.53% | -2.48% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -2.67% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.02% | +0.08% |
Volatility
JHMB vs. VBTLX - Volatility Comparison
John Hancock Mortgage Backed Securities ETF (JHMB) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) have volatilities of 1.14% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHMB | VBTLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.17% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 2.88% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.92% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 6.01% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 4.99% | +0.80% |
JHMB vs. VBTLX - Expense Ratio Comparison
JHMB has a 0.39% expense ratio, which is higher than VBTLX's 0.04% expense ratio.
Dividends
JHMB vs. VBTLX - Dividend Comparison
JHMB's dividend yield for the trailing twelve months is around 4.72%, more than VBTLX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 4.72% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.99% | 3.87% | 3.69% | 3.10% | 2.59% | 1.96% | 2.39% | 2.74% | 2.57% | 2.56% | 2.53% | 2.82% |
Frequently Asked Questions
JHMB and VBTLX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBTLX has higher volatility (1.17%) compared to JHMB (1.14%). In terms of maximum drawdown, JHMB dropped -14.53% vs VBTLX's -18.81%.
JHMB currently has the higher Sharpe Ratio (1.52 vs 1.12), 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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