MAMB vs. JHCP

Last updated Aug 2, 2026

MAMB (Monarch Ambassador Income ETF) and JHCP (John Hancock Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. MAMB is passively managed, while JHCP is actively managed. Over the past year, MAMB returned 4.18% vs 2.62% for JHCP. Their 0.77 correlation means they have sometimes moved together and sometimes differently. MAMB charges 1.49%/yr vs 0.36%/yr for JHCP.

Performance

MAMB vs. JHCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Ambassador Income ETF (MAMB) and John Hancock Core Plus Bond ETF (JHCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAMB achieves a -0.37% return, which is significantly lower than JHCP's -0.21% return.

MAMB

• 1D: -0.45%
• 1M: -1.94%
• 6M: -1.83%
• YTD: -0.37%
• 1Y: 4.18%
• 3Y*: 5.01%
• 5Y*: 0.16%
• 10Y*: —
• ALL TIME*: 0.58%

JHCP

• 1D: 0.02%
• 1M: -1.13%
• 6M: -0.79%
• YTD: -0.21%
• 1Y: 2.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JHCP John Hancock Core Plus Bond ETF	$5.40M	$6.59M	$2.64M
MAMB Monarch Ambassador Income ETF	$478.75K	$740.46K	$535.13K

MAMB vs. JHCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAMB Monarch Ambassador Income ETF	-0.37%	10.69%	-1.30%
JHCP John Hancock Core Plus Bond ETF	-0.21%	7.59%	-1.05%

Correlation

The correlation between MAMB and JHCP is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.77

The correlation between MAMB and JHCP has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

Return for Risk

MAMB vs. JHCP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAMB

MAMB Risk / Return Rank: 34
MAMB Sharpe Ratio Rank: 36
MAMB Sortino Ratio Rank: 33
MAMB Omega Ratio Rank: 33
MAMB Calmar Ratio Rank: 37
MAMB Martin Ratio Rank: 33

JHCP

JHCP Risk / Return Rank: 32
JHCP Sharpe Ratio Rank: 33
JHCP Sortino Ratio Rank: 31
JHCP Omega Ratio Rank: 28
JHCP Calmar Ratio Rank: 35
JHCP Martin Ratio Rank: 32

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAMB vs. JHCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Ambassador Income ETF (MAMB) and John Hancock Core Plus Bond ETF (JHCP). 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.

	MAMB	JHCP	Difference
Sharpe ratio: Return per unit of total volatility	0.89	0.81	+0.09
Sortino ratio: Return per unit of downside risk	1.25	1.19	+0.06
Omega ratio: Gain probability vs. loss probability	1.16	1.14	+0.02
Calmar ratio: Return relative to maximum drawdown	1.29	1.21	+0.09
Martin ratio: Return relative to average drawdown	3.13	2.93	+0.20

MAMB vs. JHCP - Sharpe Ratio Comparison

The current MAMB Sharpe Ratio is 0.89, which is comparable to the JHCP Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of MAMB and JHCP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAMB vs. JHCP - Drawdown Comparison

The maximum MAMB drawdown since its inception was -19.33%, which is greater than JHCP's maximum drawdown of -3.06%. Use the drawdown chart below to compare losses from any high point for MAMB and JHCP.

Drawdown Indicators

	MAMB	JHCP	Difference
Max Drawdown Largest peak-to-trough decline	-19.33%	-3.06%	-16.27%
Max Drawdown (1Y) Largest decline over 1 year	-3.94%	-2.82%	-1.12%
Max Drawdown (3Y) Largest decline over 3 years	-5.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.33%	—	—
Current Drawdown Current decline from peak	-3.94%	-2.10%	-1.84%
Average Drawdown Average peak-to-trough decline	-7.35%	-0.93%	-6.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.16%	+0.47%

Volatility

MAMB vs. JHCP - Volatility Comparison

Monarch Ambassador Income ETF (MAMB) has a higher volatility of 1.53% compared to John Hancock Core Plus Bond ETF (JHCP) at 1.06%. This indicates that MAMB's price experiences larger fluctuations and is considered to be riskier than JHCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAMB	JHCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	1.06%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	4.48%	3.00%	+1.48%
Volatility (1Y) Calculated over the trailing 1-year period	5.70%	4.21%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.05%	4.79%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.87%	4.79%	+2.08%

MAMB vs. JHCP - Expense Ratio Comparison

MAMB has a 1.49% expense ratio, which is higher than JHCP's 0.36% expense ratio.

Dividends

MAMB vs. JHCP - Dividend Comparison

MAMB's dividend yield for the trailing twelve months is around 2.71%, less than JHCP's 4.55% yield.

Position	TTM	2025	2024	2023	2022	2021
JHCP John Hancock Core Plus Bond ETF	4.55%	4.79%	0.20%	0.00%	0.00%	0.00%
MAMB Monarch Ambassador Income ETF	2.71%	2.47%	2.11%	1.73%	0.92%	0.56%

Frequently Asked Questions

Can I hold both MAMB and JHCP in my portfolio?

MAMB and JHCP have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAMB or JHCP?

MAMB has higher volatility (1.53%) compared to JHCP (1.06%). In terms of maximum drawdown, MAMB dropped -19.33% vs JHCP's -3.06%.

Which ETF is better, MAMB or JHCP?

On 1-year performance, MAMB leads with 4.18% vs 2.62% for JHCP. On fees, JHCP is cheaper at 0.36% per year. On volatility, JHCP has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAMB or JHCP?

Over the 1-year period, MAMB has performed better with a 4.18% return vs 2.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAMB or JHCP?

JHCP is cheaper with a 0.36% expense ratio, compared with 1.49% for MAMB.

Which ETF pays a higher dividend yield, MAMB or JHCP?

JHCP has the higher dividend yield at 4.55%, compared with 2.71% for MAMB.

What is the main difference between MAMB and JHCP?

They also come from different issuers: Monarch and John Hancock. Their fees differ too: 1.49% for MAMB and 0.36% for JHCP.

Which has better risk-adjusted returns?

MAMB currently has the higher Sharpe Ratio (0.89 vs 0.81), 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.