MBB vs. JHMB
MBB (iShares MBS Bond ETF) and JHMB (John Hancock Mortgage Backed Securities ETF) are both exchange-traded funds - MBB is a Mortgage Backed Securities fund tracking the Barclays Capital U.S. MBS Index, while JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock. MBB is passively managed, while JHMB is actively managed. Over the past 3 years, MBB returned 4.36%/yr vs 5.24%/yr for JHMB. A 0.73 correlation means they provide meaningful diversification when combined. MBB charges 0.06%/yr vs 0.39%/yr for JHMB.
Performance
MBB vs. JHMB - Performance Comparison
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Returns By Period
In the year-to-date period, MBB achieves a 0.58% return, which is significantly higher than JHMB's 0.36% return.
MBB
- 1D
- -0.23%
- 1M
- 0.31%
- YTD
- 0.58%
- 6M
- 0.71%
- 1Y
- 6.76%
- 3Y*
- 4.36%
- 5Y*
- 0.34%
- 10Y*
- 1.30%
JHMB
- 1D
- -0.23%
- 1M
- 0.40%
- YTD
- 0.36%
- 6M
- 0.46%
- 1Y
- 6.77%
- 3Y*
- 5.24%
- 5Y*
- —
- 10Y*
- —
MBB vs. JHMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MBB iShares MBS Bond ETF | 0.58% | 8.38% | 1.31% | 5.01% | -11.74% | -0.85% |
JHMB John Hancock Mortgage Backed Securities ETF | 0.36% | 7.89% | 3.52% | 7.21% | -10.24% | -0.79% |
Correlation
The correlation between MBB and JHMB is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2021 | 0.73 |
The correlation between MBB and JHMB shifts across timeframes, from 0.73 (all time) to 0.90 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MBB vs. JHMB — Risk / Return Rank
MBB
JHMB
MBB vs. JHMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MBS Bond ETF (MBB) and John Hancock Mortgage Backed Securities ETF (JHMB). 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.
| MBB | JHMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.26 | +0.05 |
| Martin ratioReturn relative to average drawdown | 7.64 | 6.58 | +1.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MBB | JHMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.75 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.25 | +0.34 |
Drawdowns
MBB vs. JHMB - Drawdown Comparison
The maximum MBB drawdown since its inception was -17.64%, which is greater than JHMB's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for MBB and JHMB.
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Drawdown Indicators
| MBB | JHMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.64% | -14.53% | -3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -3.01% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.68% | -5.80% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.64% | — | — |
Current DrawdownCurrent decline from peak | -1.52% | -1.84% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -4.82% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.03% | -0.14% |
Volatility
MBB vs. JHMB - Volatility Comparison
iShares MBS Bond ETF (MBB) has a higher volatility of 1.59% compared to John Hancock Mortgage Backed Securities ETF (JHMB) at 1.16%. This indicates that MBB's price experiences larger fluctuations and is considered to be riskier than JHMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBB | JHMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.16% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 2.76% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.51% | 3.91% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 5.81% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.31% | 5.81% | -0.50% |
MBB vs. JHMB - Expense Ratio Comparison
MBB has a 0.06% expense ratio, which is lower than JHMB's 0.39% expense ratio.
Dividends
MBB vs. JHMB - Dividend Comparison
MBB's dividend yield for the trailing twelve months is around 4.28%, less than JHMB's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 4.73% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MBB iShares MBS Bond ETF | 4.28% | 4.21% | 3.94% | 3.40% | 2.31% | 1.05% | 2.10% | 2.77% | 2.64% | 2.23% | 2.58% | 2.66% |
Frequently Asked Questions
MBB and JHMB have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MBB has higher volatility (1.59%) compared to JHMB (1.16%). In terms of maximum drawdown, MBB dropped -17.64% vs JHMB's -14.53%.
On 3-year performance, JHMB leads with 5.24% vs 4.36% for MBB. On fees, MBB is cheaper at 0.06% per year. On volatility, JHMB has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JHMB has performed better with a 5.24% return vs 4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBB is cheaper with a 0.06% expense ratio, compared with 0.39% for JHMB.
JHMB has the higher dividend yield at 4.73%, compared with 4.28% for MBB.
MBB is categorized as Mortgage Backed Securities, while JHMB is Intermediate Core-Plus Bond. They also come from different issuers: iShares and John Hancock. Their fees differ too: 0.06% for MBB and 0.39% for JHMB.
JHMB currently has the higher Sharpe Ratio (1.75 vs 1.51), 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.
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