RSPG vs. JHMB
RSPG (Invesco S&P 500 Equal Weight Energy ETF) and JHMB (John Hancock Mortgage Backed Securities ETF) are both exchange-traded funds - RSPG is a Energy Equities fund tracking the S&P 500 Equal Weight Energy Plus Index, while JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock. RSPG is passively managed, while JHMB is actively managed. Over the past 3 years, RSPG returned 16.88%/yr vs 5.16%/yr for JHMB. At a correlation of -0.12, they often move in opposite directions. RSPG charges 0.40%/yr vs 0.39%/yr for JHMB.
Performance
RSPG vs. JHMB - Performance Comparison
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Returns By Period
In the year-to-date period, RSPG achieves a 31.88% return, which is significantly higher than JHMB's 0.53% return.
RSPG
- 1D
- 0.56%
- 1M
- 0.29%
- 6M
- 26.46%
- YTD
- 31.88%
- 1Y
- 38.02%
- 3Y*
- 16.88%
- 5Y*
- 23.71%
- 10Y*
- 9.05%
JHMB
- 1D
- 0.32%
- 1M
- 0.02%
- 6M
- 0.01%
- YTD
- 0.53%
- 1Y
- 5.77%
- 3Y*
- 5.16%
- 5Y*
- —
- 10Y*
- —
RSPG vs. JHMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RSPG Invesco S&P 500 Equal Weight Energy ETF | 31.88% | 7.01% | 6.09% | 4.49% | 57.97% | 26.48% |
JHMB John Hancock Mortgage Backed Securities ETF | 0.53% | 7.89% | 3.52% | 7.21% | -10.24% | -0.88% |
Correlation
The correlation between RSPG and JHMB is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | -0.12 |
The correlation between RSPG and JHMB shifts across timeframes, from -0.29 (1 year) to -0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPG vs. JHMB — Risk / Return Rank
RSPG
JHMB
RSPG vs. JHMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Energy ETF (RSPG) 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.
| RSPG | JHMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.93 | +0.86 |
| Martin ratioReturn relative to average drawdown | 7.17 | 5.14 | +2.03 |
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Drawdowns
RSPG vs. JHMB - Drawdown Comparison
The maximum RSPG drawdown since its inception was -79.98%, which is greater than JHMB's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for RSPG and JHMB.
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Drawdown Indicators
| RSPG | JHMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.98% | -14.53% | -65.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.72% | -3.01% | -10.71% |
Max Drawdown (3Y)Largest decline over 3 years | -23.06% | -5.80% | -17.26% |
Max Drawdown (5Y)Largest decline over 5 years | -28.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | — | — |
Current DrawdownCurrent decline from peak | -7.35% | -1.68% | -5.67% |
Average DrawdownAverage peak-to-trough decline | -25.38% | -4.75% | -20.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 1.12% | +4.21% |
Volatility
RSPG vs. JHMB - Volatility Comparison
Invesco S&P 500 Equal Weight Energy ETF (RSPG) has a higher volatility of 6.94% compared to John Hancock Mortgage Backed Securities ETF (JHMB) at 1.16%. This indicates that RSPG'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
| RSPG | JHMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 1.16% | +5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 2.89% | +13.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.04% | 3.79% | +18.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.09% | 5.77% | +22.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.47% | 5.77% | +27.70% |
RSPG vs. JHMB - Expense Ratio Comparison
RSPG has a 0.40% expense ratio, which is higher than JHMB's 0.39% expense ratio.
Dividends
RSPG vs. JHMB - Dividend Comparison
RSPG's dividend yield for the trailing twelve months is around 2.01%, less than JHMB's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHMB John Hancock Mortgage Backed Securities ETF | 4.77% | 4.48% | 4.88% | 4.04% | 4.17% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 2.01% | 2.60% | 2.43% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% |
Frequently Asked Questions
RSPG 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.
RSPG has higher volatility (6.94%) compared to JHMB (1.16%). In terms of maximum drawdown, RSPG dropped -79.98% vs JHMB's -14.53%.
On 3-year performance, RSPG leads with 16.88% vs 5.16% for JHMB. On fees, JHMB is cheaper at 0.39% 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, RSPG has performed better with a 16.88% return vs 5.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JHMB is cheaper with a 0.39% expense ratio, compared with 0.40% for RSPG.
JHMB has the higher dividend yield at 4.77%, compared with 2.01% for RSPG.
RSPG 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: 0.40% for RSPG and 0.39% for JHMB.
RSPG currently has the higher Sharpe Ratio (1.74 vs 1.53), 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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