QEMM vs. JHMB
QEMM (SPDR MSCI Emerging Markets StrategicFactors ETF) and JHMB (John Hancock Mortgage Backed Securities ETF) are both exchange-traded funds - QEMM is a Emerging Markets Equities fund tracking the MSCI EM Factor Mix A-Series (USD), while JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock. QEMM is passively managed, while JHMB is actively managed. Over the past 3 years, QEMM returned 18.47%/yr vs 5.38%/yr for JHMB. At a 0.12 correlation, their price movements are largely independent. QEMM charges 0.30%/yr vs 0.39%/yr for JHMB.
Performance
QEMM vs. JHMB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QEMM achieves a 24.84% return, which is significantly higher than JHMB's 0.98% return.
QEMM
- 1D
- -1.10%
- 1M
- 6.42%
- YTD
- 24.84%
- 6M
- 27.81%
- 1Y
- 38.47%
- 3Y*
- 18.47%
- 5Y*
- 7.80%
- 10Y*
- 9.15%
JHMB
- 1D
- 0.20%
- 1M
- 1.41%
- YTD
- 0.98%
- 6M
- 0.85%
- 1Y
- 6.66%
- 3Y*
- 5.38%
- 5Y*
- —
- 10Y*
- —
QEMM vs. JHMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF | 24.84% | 21.92% | 4.98% | 12.50% | -17.82% | 2.00% |
JHMB John Hancock Mortgage Backed Securities ETF | 0.98% | 7.89% | 3.52% | 7.21% | -10.24% | -0.88% |
Correlation
The correlation between QEMM and JHMB is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | 0.12 |
The correlation between QEMM and JHMB shifts across timeframes, from 0.12 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QEMM vs. JHMB — Risk / Return Rank
QEMM
JHMB
QEMM vs. JHMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) 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.
| QEMM | JHMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.22 | +1.49 |
| Martin ratioReturn relative to average drawdown | 13.18 | 6.16 | +7.02 |
Loading charts...
Drawdowns
QEMM vs. JHMB - Drawdown Comparison
The maximum QEMM drawdown since its inception was -36.89%, which is greater than JHMB's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for QEMM and JHMB.
Loading charts...
Drawdown Indicators
| QEMM | JHMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.89% | -14.53% | -22.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -3.01% | -7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -5.80% | -11.23% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.89% | — | — |
Current DrawdownCurrent decline from peak | -1.10% | -1.24% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -4.80% | -5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 1.08% | +1.85% |
Volatility
QEMM vs. JHMB - Volatility Comparison
SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) has a higher volatility of 8.52% compared to John Hancock Mortgage Backed Securities ETF (JHMB) at 1.14%. This indicates that QEMM'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.
Loading charts...
Volatility by Period
| QEMM | JHMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 1.14% | +7.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 2.84% | +13.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.03% | 3.81% | +14.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 5.79% | +9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 5.79% | +11.21% |
QEMM vs. JHMB - Expense Ratio Comparison
QEMM has a 0.30% expense ratio, which is lower than JHMB's 0.39% expense ratio.
Dividends
QEMM vs. JHMB - Dividend Comparison
QEMM's dividend yield for the trailing twelve months is around 4.32%, less than JHMB's 4.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 4.70% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF | 4.32% | 4.90% | 5.17% | 4.88% | 4.07% | 2.35% | 2.48% | 3.05% | 2.86% | 2.11% | 2.03% | 2.14% |
Frequently Asked Questions
QEMM and JHMB have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QEMM has higher volatility (8.52%) compared to JHMB (1.14%). In terms of maximum drawdown, QEMM dropped -36.89% vs JHMB's -14.53%.
On 3-year performance, QEMM leads with 18.47% vs 5.38% for JHMB. On fees, QEMM is cheaper at 0.30% per year. On volatility, JHMB has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QEMM has performed better with a 18.47% return vs 5.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QEMM is cheaper with a 0.30% expense ratio, compared with 0.39% for JHMB.
JHMB has the higher dividend yield at 4.70%, compared with 4.32% for QEMM.
QEMM is categorized as Emerging Markets Equities, while JHMB is Intermediate Core-Plus Bond. They also come from different issuers: State Street and John Hancock. Their fees differ too: 0.30% for QEMM and 0.39% for JHMB.
QEMM currently has the higher Sharpe Ratio (2.15 vs 1.76), 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.
Find the right allocation for QEMM and JHMB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer