JHMU vs VTI
John Hancock Dynamic Municipal Bond ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | JHMU | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $44M | $666.9B | |
| Dividend Yield | 3.86% | 1.07% | |
| Holdings | 217 | 3,543 | |
| YTD Return | +0.81% | +13.14% | |
| 1Y Return | +5.31% | +22.35% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 3.9% | 15.3% | |
| Max Drawdown | -4.5% | -56.6% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 1, 2023 | May 24, 2001 |
JHMU vs VTI Performance
John Hancock Dynamic Municipal Bond ETF (JHMU) is a ETF from John Hancock Investment Management and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year JHMU returned +5.31% while VTI returned +22.35%. Year to date, JHMU is up 0.81% versus a gain of 13.14% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JHMU charges 0.39% per year while VTI 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 1.07% for VTI.
Holdings Overlap
JHMU and VTI share 0 holdings out of 2905 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 VTI?
JHMU has an expense ratio of 0.39% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, JHMU or VTI?
Over the past year JHMU returned +5.31% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (3 years), JHMU annualized +6.25% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, JHMU or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 3.9% for JHMU. Worst drawdown: JHMU -4.5% vs VTI -56.6%.
Should I hold both JHMU and VTI?
JHMU and VTI have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHMU and VTI?
JHMU and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2905 unique securities.
Which pays a higher dividend, JHMU or VTI?
JHMU yields 3.86% while VTI yields 1.07%, so JHMU currently pays the higher dividend yield.
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