JHMU vs VOO
John Hancock Dynamic Municipal Bond 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 | JHMU | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $44M | $997.4B | |
| Dividend Yield | 3.86% | 1.08% | |
| Holdings | 217 | 509 | |
| YTD Return | +0.87% | +12.25% | |
| 1Y Return | +5.37% | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 3.9% | 14.1% | |
| Max Drawdown | -4.5% | -34.3% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 1, 2023 | Sep 7, 2010 |
JHMU vs VOO Performance
John Hancock Dynamic Municipal Bond ETF (JHMU) 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 JHMU returned +5.37% while VOO returned +20.92%. Year to date, JHMU is up 0.87% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.9% for JHMU. 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 -4.5% for JHMU 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JHMU 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, JHMU currently yields 3.86% against 1.08% for VOO.
Holdings Overlap
JHMU and VOO share 0 holdings out of 623 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, JHMU or VOO?
JHMU 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, JHMU or VOO?
Over the past year JHMU returned +5.37% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), JHMU annualized +6.28% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, JHMU or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.9% for JHMU. Worst drawdown: JHMU -4.5% vs VOO -34.3%.
Should I hold both JHMU and VOO?
JHMU and VOO have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHMU and VOO?
JHMU and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 623 unique securities.
Which pays a higher dividend, JHMU or VOO?
JHMU yields 3.86% while VOO yields 1.08%, so JHMU currently pays the higher dividend yield.
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