JHMB vs. WCPB

Last updated Jul 17, 2026

JHMB (John Hancock Mortgage Backed Securities ETF) and WCPB (Weitz Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. JHMB charges 0.39%/yr vs 0.45%/yr for WCPB.

Performance

JHMB vs. WCPB - Performance Comparison

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

Returns By Period

In the year-to-date period, JHMB achieves a 0.64% return, which is significantly lower than WCPB's 1.31% return.

JHMB

• 1D: -0.23%
• 1M: -0.34%
• 6M: 0.10%
• YTD: 0.64%
• 1Y: 6.04%
• 3Y*: 5.12%
• 5Y*: —
• 10Y*: —

WCPB

• 1D: 0.04%
• 1M: -0.18%
• 6M: 0.60%
• YTD: 1.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHMB vs. WCPB - Yearly Performance Comparison

	2026 (YTD)	2025
JHMB John Hancock Mortgage Backed Securities ETF	0.64%	3.58%
WCPB Weitz Core Plus Bond ETF	1.31%	3.01%

Correlation

The correlation between JHMB and WCPB 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 (All Time) Calculated using the full available price history since Aug 13, 2025	0.85

Return for Risk

JHMB vs. WCPB — Risk / Return Rank

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

JHMB

JHMB Risk / Return Rank: 54
JHMB Sharpe Ratio Rank: 59
JHMB Sortino Ratio Rank: 66
JHMB Omega Ratio Rank: 57
JHMB Calmar Ratio Rank: 49
JHMB Martin Ratio Rank: 41

WCPB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. WCPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Mortgage Backed Securities ETF (JHMB) and Weitz Core Plus Bond ETF (WCPB). 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	WCPB	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.42	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.01	—	—
Martin ratio: Return relative to average drawdown	5.34	—	—

Drawdowns

JHMB vs. WCPB - Drawdown Comparison

The maximum JHMB drawdown since its inception was -14.53%, which is greater than WCPB's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for JHMB and WCPB.

Drawdown Indicators

	JHMB	WCPB	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-2.64%	-11.89%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.80%	—	—
Current Drawdown Current decline from peak	-1.57%	-0.67%	-0.90%
Average Drawdown Average peak-to-trough decline	-4.74%	-0.57%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	—	—

Volatility

Volatility by Period

	JHMB	WCPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	3.86%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.77%	3.86%	+1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.77%	3.86%	+1.91%

JHMB vs. WCPB - Expense Ratio Comparison

JHMB has a 0.39% expense ratio, which is lower than WCPB's 0.45% expense ratio.

Dividends

JHMB vs. WCPB - Dividend Comparison

JHMB's dividend yield for the trailing twelve months is around 4.76%, more than WCPB's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021
JHMB John Hancock Mortgage Backed Securities ETF	4.76%	4.48%	4.88%	4.04%	4.17%	0.98%
WCPB Weitz Core Plus Bond ETF	3.58%	1.19%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHMB and WCPB in my portfolio?

JHMB and WCPB 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.

Which ETF is better, JHMB or WCPB?

On fees, JHMB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHMB or WCPB?

JHMB is cheaper with a 0.39% expense ratio, compared with 0.45% for WCPB.

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

JHMB has the higher dividend yield at 4.76%, compared with 3.58% for WCPB.

What is the main difference between JHMB and WCPB?

They also come from different issuers: John Hancock and Weitz. Their fees differ too: 0.39% for JHMB and 0.45% for WCPB.