JHMB vs SCHD
John Hancock Mortgage-Backed Securities ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. JHMB offers more diversification with 136 holdings.
Side-by-Side Comparison
| Metric | JHMB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.06% | |
| AUM | $206M | $103.7B | |
| Dividend Yield | 4.74% | 3.31% | |
| Holdings | 442 | 104 | |
| YTD Return | +0.68% | +26.21% | |
| 1Y Return | +3.87% | +29.99% | |
| 3Y Return (annualized) | +5.60% | +15.73% | |
| 5Y Return (annualized) | +1.41% | +9.67% | |
| Volatility (annualized) | 5.8% | 13.6% | |
| Max Drawdown | -14.5% | -33.4% | |
| Fund Family | John Hancock Investment Management | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Aug 18, 2021 | Oct 20, 2011 |
JHMB vs SCHD Performance
John Hancock Mortgage-Backed Securities ETF (JHMB) is a ETF from John Hancock Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year JHMB returned +3.87% while SCHD returned +29.99%. Year to date, JHMB is up 0.68% versus a gain of 26.21% for SCHD.
Over three years, JHMB compounded at +5.60% per year against +15.73% for SCHD; over five years the annualized figures are +1.41% and +9.67% respectively. Across the full 5-year window we track, SCHD has the edge at +11.50% annualized vs +1.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.8% for JHMB. 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 -14.5% for JHMB and -33.4% for SCHD. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JHMB charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, JHMB currently yields 4.74% against 3.31% for SCHD.
Holdings Overlap
JHMB and SCHD share 0 holdings out of 236 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JHMB or SCHD?
JHMB has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, JHMB or SCHD?
Over the past year JHMB returned +3.87% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), JHMB annualized +1.41% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, JHMB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.8% for JHMB. Worst drawdown: JHMB -14.5% vs SCHD -33.4%.
Should I hold both JHMB and SCHD?
JHMB and SCHD have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHMB and SCHD?
JHMB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 236 unique securities.
Which pays a higher dividend, JHMB or SCHD?
JHMB yields 4.74% while SCHD yields 3.31%, so JHMB 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.