JHMU vs VOO
John Hancock Dynamic Municipal Bond ETF vs Vanguard S&P 500 ETF
Which is better, JHMU or VOO?
Municipal Bond against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JHMU | VOO |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $44M | $997.4B |
| Dividend Yield | 3.86% | 1.04% |
| Holdings | 217 | 509 |
| YTD Return | -1.22% | +11.55%Best |
| 1Y Return | +1.07% | +17.54%Best |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 4.1%Best | 11.8% |
| Max Drawdown | -4.5%Best | -18.7% |
| $10,000 over 2.9 years | $11,641 | $18,408Best |
| Fund Family | John Hancock Investment Management | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Blend |
| Inception | Nov 1, 2023 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Sep 10, 2026 (2.9 years).
JHMU vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
JHMU vs VOO Performance
John Hancock Dynamic Municipal Bond ETF (JHMU) is an ETF from John Hancock Investment Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year JHMU returned +1.07% while VOO returned +17.54%. Year to date, JHMU is down 1.22% versus a gain of 11.55% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 4.1% 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
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 1.04% for VOO.
Holdings Overlap
We hold position weights for 117 holdings in JHMU and 505 in VOO, totalling 49.1% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 49 days apart, JHMU as of Aug 18, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 117 positions we hold weights for in JHMU and 505 in VOO, against full books of 217 and 509.
You are not choosing between two funds in isolation.
Whichever of JHMU and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $36 a year on a $10,000 investment.
Which performed better, JHMU or VOO?
Over the past year JHMU returned +1.07% vs +17.54% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHMU or VOO?
VOO has been the more volatile fund at 11.8% annualized versus 4.1% for JHMU. Worst drawdown: JHMU -4.5% vs VOO -18.7%.
Should I hold both JHMU and VOO?
JHMU and VOO have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JHMU or VOO?
JHMU yields 3.86% while VOO yields 1.04%, so JHMU currently pays the higher dividend yield.
Is VOO better than JHMU?
VOO has a lower expense ratio. VOO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.