APCB vs JHCB
ActivePassive Core Bond ETF vs John Hancock Corporate Bond ETF
Which is better, APCB or JHCB?
Nearly the same fund. JHCB costs less.
JHCB has a lower expense ratio. APCB led over 1Y, JHCB over 3Y and the full window. The two have moved almost in lockstep, correlation 0.96.
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 | APCB | JHCB |
|---|---|---|
| Expense Ratio | 0.36% | 0.29%Best |
| AUM | $989M | $99M |
| Dividend Yield | 4.44% | 5.42% |
| Holdings | 3,770 | 181 |
| YTD Return | -2.08%Best | -3.09% |
| 1Y Return | -1.94%Best | -3.15% |
| 3Y Return (annualized) | +3.95% | +5.71%Best |
| 5Y Return (annualized) | - | -0.34% |
| Volatility (annualized) | 5.2%Best | 6.4% |
| Max Drawdown | -6.4%Best | -6.5% |
| $10,000 over 3.4 years | $10,632 | $11,252Best |
| Fund Family | Envestnet Asset Management | John Hancock Investment Management |
| Category | Fixed Income | Fixed Income |
| Inception | May 3, 2023 | Mar 30, 2021 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 3, 2023 to Oct 14, 2026 (3.4 years).
APCB vs JHCB 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 3.4 years both funds cover.
APCB vs JHCB Performance
ActivePassive Core Bond ETF (APCB) is an ETF from Envestnet Asset Management and John Hancock Corporate Bond ETF (JHCB) is an ETF from John Hancock Investment Management. Over the past year APCB returned -1.94% while JHCB returned -3.15%. Year to date, APCB is down 2.08% versus a loss of 3.09% for JHCB.
Over three years, APCB compounded at +3.95% per year against +5.71% for JHCB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHCB has been the more volatile fund, with annualized monthly volatility of 6.4% compared with 5.2% for APCB. 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 -6.4% for APCB and -6.5% for JHCB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APCB charges 0.36% per year while JHCB charges 0.29%. On a $10,000 position that is $36 vs $29 annually, a gap of $7 per year that compounds over a long holding period. On income, APCB currently yields 4.44% against 5.42% for JHCB.
Holdings Overlap
We hold position weights for 1,221 holdings in APCB and 161 in JHCB, totalling 75.9% and 89.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 16 positions appear in both.
16 positions in common, counted across the 1,221 positions we hold weights for in APCB and 161 in JHCB, against full books of 3,770 and 181.
Top Shared Holdings
| Stock | Weight in APCB | Weight in JHCB | Difference |
|---|---|---|---|
| CMA V5.332 08/25/33Comerica Bank V/R 08/25/33 | 0.05% | 1.24% | 1.19% |
| CFG V5.718 07/23/32Citizens Financial Group Inc 5.72% 23Jul2032 | 0.05% | 1.11% | 1.06% |
| AMGN 5.65 03/02/53Amgen Inc 5.65 03/02/2053 | 0.00% | 1.15% | 1.15% |
| HXL 5.875 02/26/35Hexcel Corporation 5.88% Feb 26, 2035 | 0.01% | 0.99% | 0.98% |
| ORCL 5.375 09/27/54Oracle Corp. 5.375% 5.375 2054-09-27 | 0.02% | 0.87% | 0.85% |
| DAL 4.75 10/20/28 14Skymiles Ip Ltd. & Delta Air Lines Inc. 4.75% | 0.03% | 0.69% | 0.66% |
| UAL 5.45 02/15/37 AAUnited Airlines 2024-1 Class Aa Pass Through Trust 02/15/2037 | 0.06% | 0.65% | 0.59% |
| BA 5.15 05/01/30The Boeing Co 5.150 May 01 30 | 0.07% | 0.60% | 0.53% |
| INTC 5.6 02/21/54Intel Corp 5.6% 02/21/54 | 0.07% | 0.59% | 0.52% |
| AL 5.2 07/15/31 MTNAir Lease Corp 5.2% 07/15/31 | 0.05% | 0.56% | 0.51% |
You are not choosing between two funds in isolation.
Whichever of APCB and JHCB 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, APCB or JHCB?
APCB has an expense ratio of 0.36% while JHCB charges 0.29%. JHCB is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, APCB or JHCB?
Over the past year APCB returned -1.94% vs -3.15% for JHCB, so APCB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APCB or JHCB?
JHCB has been the more volatile fund at 6.4% annualized versus 5.2% for APCB. Worst drawdown: APCB -6.4% vs JHCB -6.5%.
Should I hold both APCB and JHCB?
APCB and JHCB have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, APCB or JHCB?
APCB yields 4.44% while JHCB yields 5.42%, so JHCB currently pays the higher dividend yield.
Is JHCB better than APCB?
JHCB has a lower expense ratio. APCB led over 1Y, JHCB over 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.