PSCE vs. JHMB
PSCE (Invesco S&P SmallCap Energy ETF) and JHMB (John Hancock Mortgage Backed Securities ETF) are both exchange-traded funds - PSCE is a Energy Equities fund tracking the S&P SmallCap 600 Energy Index, while JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock. PSCE is passively managed, while JHMB is actively managed. Over the past 3 years, PSCE returned 6.63%/yr vs 5.12%/yr for JHMB. At a correlation of -0.10, they often move in opposite directions. PSCE charges 0.29%/yr vs 0.39%/yr for JHMB.
Performance
PSCE vs. JHMB - Performance Comparison
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Returns By Period
In the year-to-date period, PSCE achieves a 32.92% return, which is significantly higher than JHMB's 0.64% return.
PSCE
- 1D
- -1.13%
- 1M
- -0.50%
- 6M
- 22.03%
- YTD
- 32.92%
- 1Y
- 48.59%
- 3Y*
- 6.63%
- 5Y*
- 12.95%
- 10Y*
- -2.42%
JHMB
- 1D
- -0.23%
- 1M
- -0.34%
- 6M
- 0.10%
- YTD
- 0.64%
- 1Y
- 6.04%
- 3Y*
- 5.12%
- 5Y*
- —
- 10Y*
- —
PSCE vs. JHMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 32.92% | -9.00% | -5.47% | 5.07% | 48.45% | 18.63% |
JHMB John Hancock Mortgage Backed Securities ETF | 0.64% | 7.89% | 3.52% | 7.21% | -10.24% | -0.88% |
Correlation
The correlation between PSCE and JHMB is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | -0.10 |
The correlation between PSCE and JHMB shifts across timeframes, from -0.26 (1 year) to -0.08 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSCE vs. JHMB — Risk / Return Rank
PSCE
JHMB
PSCE vs. JHMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) 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.
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.
| PSCE | JHMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.01 | +1.00 |
| Martin ratioReturn relative to average drawdown | 9.37 | 5.34 | +4.03 |
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Drawdowns
PSCE vs. JHMB - Drawdown Comparison
The maximum PSCE drawdown since its inception was -96.21%, which is greater than JHMB's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for PSCE and JHMB.
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Drawdown Indicators
| PSCE | JHMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.21% | -14.53% | -81.68% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -3.01% | -13.16% |
Max Drawdown (3Y)Largest decline over 3 years | -44.57% | -5.80% | -38.77% |
Max Drawdown (5Y)Largest decline over 5 years | -45.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.70% | — | — |
Current DrawdownCurrent decline from peak | -76.38% | -1.57% | -74.81% |
Average DrawdownAverage peak-to-trough decline | -58.94% | -4.74% | -54.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 1.13% | +4.07% |
Volatility
PSCE vs. JHMB - Volatility Comparison
Invesco S&P SmallCap Energy ETF (PSCE) has a higher volatility of 7.64% compared to John Hancock Mortgage Backed Securities ETF (JHMB) at 1.19%. This indicates that PSCE'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
| PSCE | JHMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 1.19% | +6.45% |
Volatility (6M)Calculated over the trailing 6-month period | 19.71% | 2.92% | +16.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.26% | 3.80% | +23.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.16% | 5.77% | +31.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.03% | 5.77% | +37.26% |
PSCE vs. JHMB - Expense Ratio Comparison
PSCE has a 0.29% expense ratio, which is lower than JHMB's 0.39% expense ratio.
Dividends
PSCE vs. JHMB - Dividend Comparison
PSCE's dividend yield for the trailing twelve months is around 2.27%, less than JHMB's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 4.76% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSCE Invesco S&P SmallCap Energy ETF | 2.27% | 2.39% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% |
Frequently Asked Questions
PSCE and JHMB have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCE has higher volatility (7.64%) compared to JHMB (1.19%). In terms of maximum drawdown, PSCE dropped -96.21% vs JHMB's -14.53%.
On 3-year performance, PSCE leads with 6.63% vs 5.12% for JHMB. On fees, PSCE is cheaper at 0.29% per year. On volatility, JHMB has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PSCE has performed better with a 6.63% return vs 5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCE is cheaper with a 0.29% expense ratio, compared with 0.39% for JHMB.
JHMB has the higher dividend yield at 4.76%, compared with 2.27% for PSCE.
PSCE is categorized as Energy Equities, while JHMB is Intermediate Core-Plus Bond. They also come from different issuers: Invesco and John Hancock. Their fees differ too: 0.29% for PSCE and 0.39% for JHMB.
PSCE currently has the higher Sharpe Ratio (1.79 vs 1.60), 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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