MUB vs. JHMU
Compare and contrast key facts about iShares National AMT-Free Muni Bond ETF (MUB) and John Hancock Dynamic Municipal Bond ETF (JHMU).
MUB and JHMU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 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 MUB 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: MUB or JHMU.
Correlation
The correlation between MUB and JHMU is 0.11, 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.
Performance
MUB vs. JHMU - Performance Comparison
Key characteristics
MUB:
0.08
JHMU:
0.43
MUB:
0.19
JHMU:
0.69
MUB:
1.03
JHMU:
1.10
MUB:
0.12
JHMU:
0.54
MUB:
0.39
JHMU:
1.75
MUB:
1.50%
JHMU:
1.38%
MUB:
4.76%
JHMU:
4.74%
MUB:
-13.68%
JHMU:
-4.48%
MUB:
-2.76%
JHMU:
-2.62%
Returns By Period
In the year-to-date period, MUB achieves a -1.18% return, which is significantly lower than JHMU's -0.68% return.
MUB
-1.18%
2.06%
-0.70%
0.38%
0.85%
1.99%
JHMU
-0.68%
1.27%
-0.15%
2.01%
N/A
N/A
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MUB vs. JHMU - Expense Ratio Comparison
MUB has a 0.07% expense ratio, which is lower than JHMU's 0.39% expense ratio.
Risk-Adjusted Performance
MUB vs. JHMU — Risk-Adjusted Performance Rank
MUB
JHMU
MUB vs. JHMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares National AMT-Free Muni Bond ETF (MUB) 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.
Dividends
MUB vs. JHMU - Dividend Comparison
MUB's dividend yield for the trailing twelve months is around 3.14%, less than JHMU's 7.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUB iShares National AMT-Free Muni Bond ETF | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
JHMU John Hancock Dynamic Municipal Bond ETF | 7.90% | 7.29% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MUB vs. JHMU - Drawdown Comparison
The maximum MUB drawdown since its inception was -13.68%, which is greater than JHMU's maximum drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for MUB and JHMU. For additional features, visit the drawdowns tool.
Volatility
MUB vs. JHMU - Volatility Comparison
The current volatility for iShares National AMT-Free Muni Bond ETF (MUB) is 1.85%, while John Hancock Dynamic Municipal Bond ETF (JHMU) has a volatility of 1.98%. This indicates that MUB experiences smaller price fluctuations and is considered to be less risky than JHMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.