JHMU vs VYM
John Hancock Dynamic Municipal Bond 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 558 holdings.
Side-by-Side Comparison
| Metric | JHMU | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.04% | |
| AUM | $43M | $79.0B | |
| Dividend Yield | 3.74% | 2.86% | |
| Holdings | 209 | 568 | |
| YTD Return | +1.59% | +16.78% | |
| 1Y Return | +5.98% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 4.0% | 14.6% | |
| Max Drawdown | -4.5% | -58.8% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 1, 2023 | Nov 10, 2006 |
JHMU vs VYM Performance
John Hancock Dynamic Municipal Bond ETF (JHMU) 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 JHMU returned +5.98% while VYM returned +24.43%. Year to date, JHMU is up 1.59% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 4.0% 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 -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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JHMU 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, JHMU currently yields 3.74% against 2.86% for VYM.
Holdings Overlap
JHMU and VYM share 0 holdings out of 681 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 VYM?
JHMU 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, JHMU or VYM?
Over the past year JHMU returned +5.98% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), JHMU annualized +6.60% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, JHMU or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 4.0% for JHMU. Worst drawdown: JHMU -4.5% vs VYM -58.8%.
Should I hold both JHMU and VYM?
JHMU and VYM have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHMU and VYM?
JHMU and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 681 unique securities.
Which pays a higher dividend, JHMU or VYM?
JHMU yields 3.74% while VYM yields 2.86%, so JHMU currently pays the higher dividend yield.
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