JHMB vs VOO
John Hancock Mortgage-Backed Securities ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | JHMB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $205M | $997.4B | |
| Dividend Yield | 4.84% | 1.08% | |
| Holdings | 442 | 509 | |
| YTD Return | +0.38% | +12.68% | |
| 1Y Return | +3.96% | +21.87% | |
| 3Y Return (annualized) | +5.78% | +22.06% | |
| 5Y Return (annualized) | +1.31% | +12.95% | |
| Volatility (annualized) | 5.8% | 14.1% | |
| Max Drawdown | -14.5% | -34.3% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Aug 18, 2021 | Sep 7, 2010 |
JHMB vs VOO Performance
John Hancock Mortgage-Backed Securities ETF (JHMB) is a ETF from John Hancock Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JHMB returned +3.96% while VOO returned +21.87%. Year to date, JHMB is up 0.38% versus a gain of 12.68% for VOO.
Over three years, JHMB compounded at +5.78% per year against +22.06% for VOO; over five years the annualized figures are +1.31% and +12.95% respectively. Across the full 5-year window we track, VOO has the edge at +13.47% annualized vs +1.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JHMB charges 0.39% per year while VOO charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, JHMB currently yields 4.84% against 1.08% for VOO.
Holdings Overlap
JHMB and VOO share 1 holdings out of 640 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 JHMB | Weight in VOO | Difference |
|---|---|---|---|
| DUK | 0.23% | 0.15% | 0.08% |
Frequently Asked Questions
Which is cheaper, JHMB or VOO?
JHMB has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, JHMB or VOO?
Over the past year JHMB returned +3.96% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), JHMB annualized +1.34% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, JHMB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.8% for JHMB. Worst drawdown: JHMB -14.5% vs VOO -34.3%.
Should I hold both JHMB and VOO?
JHMB and VOO have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHMB and VOO?
JHMB and VOO share 1 common holdings with a 0.1% weight overlap. Combined, they hold 640 unique securities.
Which pays a higher dividend, JHMB or VOO?
JHMB yields 4.84% while VOO yields 1.08%, so JHMB currently pays the higher dividend yield.
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