JHCB vs SPY
John Hancock Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | JHCB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $97M | $821.1B | |
| Dividend Yield | 5.14% | 1.01% | |
| Holdings | 181 | 505 | |
| YTD Return | -0.70% | +12.22% | |
| 1Y Return | +1.47% | +20.83% | |
| 3Y Return (annualized) | +5.99% | +21.70% | |
| 5Y Return (annualized) | +0.02% | +12.98% | |
| Volatility (annualized) | 7.9% | 15.3% | |
| Max Drawdown | -22.6% | -56.5% | |
| Fund Family | John Hancock Investment Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 30, 2021 | Jan 22, 1993 |
JHCB vs SPY Performance
John Hancock Corporate Bond ETF (JHCB) is a ETF from John Hancock Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JHCB returned +1.47% while SPY returned +20.83%. Year to date, JHCB is down 0.70% versus a gain of 12.22% for SPY.
Over three years, JHCB compounded at +5.99% per year against +21.70% for SPY; over five years the annualized figures are +0.02% and +12.98% respectively. Across the full 5-year window we track, SPY has the edge at +8.79% annualized vs +0.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.9% for JHCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.6% for JHCB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHCB charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, JHCB currently yields 5.14% against 1.01% for SPY.
Holdings Overlap
JHCB and SPY share 1 holdings out of 661 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JHCB | Weight in SPY | Difference |
|---|---|---|---|
| ORCL | 0.11% | 0.37% | 0.26% |
Frequently Asked Questions
Which is cheaper, JHCB or SPY?
JHCB has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, JHCB or SPY?
Over the past year JHCB returned +1.47% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), JHCB annualized +0.80% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, JHCB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.9% for JHCB. Worst drawdown: JHCB -22.6% vs SPY -56.5%.
Should I hold both JHCB and SPY?
JHCB and SPY have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHCB and SPY?
JHCB and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 661 unique securities.
Which pays a higher dividend, JHCB or SPY?
JHCB yields 5.14% while SPY yields 1.01%, so JHCB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.