Correlation
The correlation between BND and JHMU is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BND vs. JHMU
Compare and contrast key facts about Vanguard Total Bond Market ETF (BND) and John Hancock Dynamic Municipal Bond ETF (JHMU).
BND and JHMU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. JHMU is a passively managed fund by John Hancock that tracks the performance of the John Hancock Dimensional Utilities Index. It was launched on Nov 1, 2023. Both BND and JHMU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BND or JHMU.
Performance
BND vs. JHMU - Performance Comparison
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Key characteristics
BND:
1.10
JHMU:
0.66
BND:
1.60
JHMU:
0.85
BND:
1.19
JHMU:
1.13
BND:
0.47
JHMU:
0.68
BND:
2.79
JHMU:
2.03
BND:
2.11%
JHMU:
1.49%
BND:
5.32%
JHMU:
4.76%
BND:
-18.84%
JHMU:
-4.48%
BND:
-7.09%
JHMU:
-2.48%
Returns By Period
In the year-to-date period, BND achieves a 2.49% return, which is significantly higher than JHMU's -0.54% return.
BND
2.49%
-0.40%
0.77%
5.44%
1.52%
-1.00%
1.54%
JHMU
-0.54%
-0.03%
-1.61%
3.06%
N/A
N/A
N/A
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BND vs. JHMU - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than JHMU's 0.39% expense ratio.
Risk-Adjusted Performance
BND vs. JHMU — Risk-Adjusted Performance Rank
BND
JHMU
BND vs. JHMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and John Hancock Dynamic Municipal Bond ETF (JHMU). 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.
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Dividends
BND vs. JHMU - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.74%, less than JHMU's 7.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.74% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
JHMU John Hancock Dynamic Municipal Bond ETF | 7.98% | 7.29% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BND vs. JHMU - Drawdown Comparison
The maximum BND drawdown since its inception was -18.84%, which is greater than JHMU's maximum drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for BND and JHMU.
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Volatility
BND vs. JHMU - Volatility Comparison
Vanguard Total Bond Market ETF (BND) has a higher volatility of 1.52% compared to John Hancock Dynamic Municipal Bond ETF (JHMU) at 1.11%. This indicates that BND's price experiences larger fluctuations and is considered to be riskier than JHMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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