TTT vs. JHMB
TTT (UltraPro Short 20+ Year Treasury) and JHMB (John Hancock Mortgage Backed Securities ETF) are both exchange-traded funds - TTT is a Leveraged Bonds fund tracking the Barclays Capital U.S. 20+ Year Treasury Index (-300%), while JHMB is a Intermediate Core-Plus Bond fund actively managed by John Hancock. TTT is passively managed, while JHMB is actively managed. Over the past 3 years, TTT returned 10.58%/yr vs 5.12%/yr for JHMB. At a correlation of -0.66, they often move in opposite directions. TTT charges 0.95%/yr vs 0.39%/yr for JHMB.
Performance
TTT vs. JHMB - Performance Comparison
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Returns By Period
In the year-to-date period, TTT achieves a 7.59% return, which is significantly higher than JHMB's 0.64% return.
TTT
- 1D
- 0.27%
- 1M
- 7.04%
- 6M
- 11.68%
- YTD
- 7.59%
- 1Y
- -2.74%
- 3Y*
- 10.58%
- 5Y*
- 22.85%
- 10Y*
- 0.59%
JHMB
- 1D
- -0.23%
- 1M
- -0.34%
- 6M
- 0.10%
- YTD
- 0.64%
- 1Y
- 6.04%
- 3Y*
- 5.12%
- 5Y*
- —
- 10Y*
- —
TTT vs. JHMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 7.59% | -7.89% | 38.07% | -11.25% | 150.17% | -4.18% |
JHMB John Hancock Mortgage Backed Securities ETF | 0.64% | 7.89% | 3.52% | 7.21% | -10.24% | -0.88% |
Correlation
The correlation between TTT and JHMB is -0.80, 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 | -0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | -0.66 |
The correlation between TTT and JHMB shifts across timeframes, from -0.83 (3 years) to -0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TTT vs. JHMB — Risk / Return Rank
TTT
JHMB
TTT vs. JHMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) 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.
| TTT | JHMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.01 | -2.14 |
| Martin ratioReturn relative to average drawdown | -0.23 | 5.34 | -5.58 |
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Drawdowns
TTT vs. JHMB - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, which is greater than JHMB's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for TTT and JHMB.
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Drawdown Indicators
| TTT | JHMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.00% | -14.53% | -79.47% |
Max Drawdown (1Y)Largest decline over 1 year | -21.80% | -3.01% | -18.79% |
Max Drawdown (3Y)Largest decline over 3 years | -49.69% | -5.80% | -43.89% |
Max Drawdown (5Y)Largest decline over 5 years | -49.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.76% | — | — |
Current DrawdownCurrent decline from peak | -77.44% | -1.57% | -75.87% |
Average DrawdownAverage peak-to-trough decline | -70.41% | -4.74% | -65.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.09% | 1.13% | +10.96% |
Volatility
TTT vs. JHMB - Volatility Comparison
UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 7.56% compared to John Hancock Mortgage Backed Securities ETF (JHMB) at 1.19%. This indicates that TTT'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
| TTT | JHMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 1.19% | +6.37% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 2.92% | +17.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.84% | 3.80% | +24.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.91% | 5.77% | +41.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.16% | 5.77% | +37.39% |
TTT vs. JHMB - Expense Ratio Comparison
TTT has a 0.95% expense ratio, which is higher than JHMB's 0.39% expense ratio.
Dividends
TTT vs. JHMB - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 9.01%, more than JHMB's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
TTT UltraPro Short 20+ Year Treasury | 9.01% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% |
Frequently Asked Questions
TTT and JHMB have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTT has higher volatility (7.56%) compared to JHMB (1.19%). In terms of maximum drawdown, TTT dropped -94.00% vs JHMB's -14.53%.
On 3-year performance, TTT leads with 10.58% vs 5.12% for JHMB. On fees, JHMB is cheaper at 0.39% 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, TTT has performed better with a 10.58% return vs 5.12%. 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 0.95% for TTT.
TTT has the higher dividend yield at 9.01%, compared with 4.76% for JHMB.
TTT is categorized as Leveraged Bonds, while JHMB is Intermediate Core-Plus Bond. They also come from different issuers: ProShares and John Hancock. Their fees differ too: 0.95% for TTT and 0.39% for JHMB.
JHMB currently has the higher Sharpe Ratio (1.60 vs -0.10), 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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