JHMB vs VYM
John Hancock Mortgage-Backed Securities ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | JHMB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.04% | |
| AUM | $205M | $81.6B | |
| Dividend Yield | 4.84% | 2.24% | |
| Holdings | 442 | 616 | |
| YTD Return | +0.45% | +14.66% | |
| 1Y Return | +3.75% | +22.16% | |
| 3Y Return (annualized) | +5.83% | +18.72% | |
| 5Y Return (annualized) | +1.34% | +12.18% | |
| Volatility (annualized) | 5.8% | 14.6% | |
| Max Drawdown | -14.5% | -58.8% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Aug 18, 2021 | Nov 10, 2006 |
JHMB vs VYM Performance
John Hancock Mortgage-Backed Securities ETF (JHMB) is a ETF from John Hancock Investment Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year JHMB returned +3.75% while VYM returned +22.16%. Year to date, JHMB is up 0.45% versus a gain of 14.66% for VYM.
Over three years, JHMB compounded at +5.83% per year against +18.72% for VYM; over five years the annualized figures are +1.34% and +12.18% respectively. Across the full 5-year window we track, VYM has the edge at +7.01% annualized vs +1.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JHMB charges 0.39% per year while VYM charges 0.04%. On a $10,000 position that is $39 vs $4 annually, a gap of $35 per year that compounds over a long holding period. On income, JHMB currently yields 4.84% against 2.24% for VYM.
Holdings Overlap
JHMB and VYM share 1 holdings out of 738 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JHMB | Weight in VYM | Difference |
|---|---|---|---|
| DUK | 0.23% | 0.41% | 0.18% |
Frequently Asked Questions
Which is cheaper, JHMB or VYM?
JHMB has an expense ratio of 0.39% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, JHMB or VYM?
Over the past year JHMB returned +3.75% vs +22.16% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), JHMB annualized +1.36% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, JHMB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 5.8% for JHMB. Worst drawdown: JHMB -14.5% vs VYM -58.8%.
Should I hold both JHMB and VYM?
JHMB and VYM have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHMB and VYM?
JHMB and VYM share 1 common holdings with a 0.2% weight overlap. Combined, they hold 738 unique securities.
Which pays a higher dividend, JHMB or VYM?
JHMB yields 4.84% while VYM yields 2.24%, so JHMB currently pays the higher dividend yield.
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