JHMU vs. JHLN
JHMU (John Hancock Dynamic Municipal Bond ETF) and JHLN (John Hancock Global Senior Loan ETF) are both exchange-traded funds - JHMU is a Municipal Bonds fund tracking the John Hancock Dimensional Utilities Index, while JHLN is a Bank Loan fund actively managed by John Hancock. JHMU is passively managed, while JHLN is actively managed. Their -0.01 correlation means they have often moved in opposite directions in the past. JHMU charges 0.39%/yr vs 0.59%/yr for JHLN.
Performance
JHMU vs. JHLN - Performance Comparison
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Returns By Period
In the year-to-date period, JHMU achieves a 0.98% return, which is significantly lower than JHLN's 1.23% return.
JHMU
- 1D
- 0.08%
- 1M
- -1.35%
- 6M
- -0.16%
- YTD
- 0.98%
- 1Y
- 5.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.38%
JHLN
- 1D
- -0.05%
- 1M
- 0.33%
- 6M
- 1.60%
- YTD
- 1.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $475.80K | $879.64K | $639.11K | |
| $409.05K | $235.24K | $143.41K |
JHMU vs. JHLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHMU John Hancock Dynamic Municipal Bond ETF | 0.98% | 4.33% |
JHLN John Hancock Global Senior Loan ETF | 1.23% | 1.55% |
Correlation
The correlation between JHMU and JHLN 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 (All Time) Calculated using the full available price history since Aug 20, 2025 | -0.01 |
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Return for Risk
JHMU vs. JHLN — Risk / Return Rank
JHMU
JHLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JHMU vs. JHLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Dynamic Municipal Bond ETF (JHMU) and John Hancock Global Senior Loan ETF (JHLN). 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.
| JHMU | JHLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | — | — |
| Martin ratioReturn relative to average drawdown | 6.36 | — | — |
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Drawdowns
JHMU vs. JHLN - Drawdown Comparison
The maximum JHMU drawdown since its inception was -4.48%, which is greater than JHLN's maximum drawdown of -1.46%. Use the drawdown chart below to compare losses from any high point for JHMU and JHLN.
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Drawdown Indicators
| JHMU | JHLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.48% | -1.46% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -0.10% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -0.29% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | — | — |
Volatility
JHMU vs. JHLN - Volatility Comparison
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Volatility by Period
| JHMU | JHLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 2.64% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 2.64% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 2.64% | +1.41% |
JHMU vs. JHLN - Expense Ratio Comparison
JHMU has a 0.39% expense ratio, which is lower than JHLN's 0.59% expense ratio.
Dividends
JHMU vs. JHLN - Dividend Comparison
JHMU's dividend yield for the trailing twelve months is around 3.85%, less than JHLN's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JHLN John Hancock Global Senior Loan ETF | 4.89% | 1.88% | 0.00% | 0.00% |
JHMU John Hancock Dynamic Municipal Bond ETF | 3.85% | 4.36% | 7.29% | 0.63% |
Frequently Asked Questions
JHMU and JHLN 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.
On fees, JHMU is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHMU is cheaper with a 0.39% expense ratio, compared with 0.59% for JHLN.
JHLN has the higher dividend yield at 4.89%, compared with 3.85% for JHMU.
JHMU is categorized as Municipal Bonds, while JHLN is Bank Loan. Their fees differ too: 0.39% for JHMU and 0.59% for JHLN.
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