IHYF vs JHHY
Invesco High Yield Bond Factor ETF vs John Hancock High Yield ETF
Which is better, IHYF or JHHY?
Each has led over a different period.
IHYF has a lower expense ratio. IHYF led over 1Y, JHHY over the full window. The two have moved almost in lockstep, correlation 0.90.
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 | IHYF | JHHY |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.52% |
| AUM | $134M | $133M |
| Dividend Yield | 6.50% | 7.19% |
| Holdings | 432 | 561 |
| Volatility (annualized) | 3.5% | 3.2%Best |
| Max Drawdown | -5.3% | -5.0%Best |
| $10,000 over 1.8 years | $11,566 | $11,777Best |
| Fund Family | Invesco (US) | John Hancock Investment Management |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Nov 30, 2020 | May 1, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 236 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IHYF has data through Feb 20, 2026 and JHHY through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: May 2, 2024 to Feb 20, 2026 (1.8 years).
Risk: Volatility and Drawdowns
IHYF has been the more volatile fund, with annualized monthly volatility of 3.5% compared with 3.2% for JHHY. 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 -5.3% for IHYF and -5.0% for JHHY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IHYF charges 0.39% per year while JHHY charges 0.52%. On a $10,000 position that is $39 vs $52 annually, a gap of $13 per year that compounds over a long holding period. On income, IHYF currently yields 6.50% against 7.19% for JHHY.
Holdings Overlap
At least 21.9% of IHYF's money is in holdings JHHY also owns.
Stated as a floor: for JHHY, our book for it covers 62.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IHYF and JHHY share little of their money.
The two holdings books were reported 367 days apart, IHYF as of Sep 30, 2025 and JHHY as of Oct 2, 2026, so some of the difference between them is the time between the two reports rather than the funds.
89 positions in common, counted across the 396 positions we hold weights for in IHYF and 409 in JHHY, against full books of 432 and 561.
Top Shared Holdings
| Stock | Weight in IHYF | Weight in JHHY | Difference |
|---|---|---|---|
| SXC 4.875 06/30/29 1Suncoke Energy Inc 144A 4.88% Jun 30, 2029 | 0.68% | 0.34% | 0.34% |
| NSANY 4.81 09/17/30 | 0.36% | 0.53% | 0.17% |
| JEFFIN 5 08/15/28Jefferies Fin Llc / Jfin 5 08/15/2028 | 0.53% | 0.33% | 0.20% |
| CVS V6.75 12/10/54Cvs Health Corp Jr Subordina 12/54 Var | 0.30% | 0.46% | 0.16% |
| AES V6.95 07/15/55Aes Corp/The 0.0695 07/F15/2055 | 0.51% | 0.24% | 0.27% |
| BHCCN 10 04/15/32 141261229 Bc Ltd 144A 10% Apr 15, 2032 | 0.21% | 0.54% | 0.33% |
| INEGRP 7.5 04/15/29 | 0.18% | 0.56% | 0.38% |
| EVRI 9.25 07/01/32 1Voyager Parent 9.25 7/32 | 0.54% | 0.17% | 0.37% |
| ZIGGO 5 01/15/32 144Vz Secured Financing Bv 5% 15Jan2032 | 0.35% | 0.35% | 0.00% |
| TIBX 9 09/30/29 144ACloud Software Group Inc 9% 30Sep2029 | 0.18% | 0.49% | 0.31% |
21.9% of IHYF is already inside JHHY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IHYF or JHHY?
IHYF has an expense ratio of 0.39% while JHHY charges 0.52%. IHYF is the cheaper option, by $13 a year on a $10,000 investment.
Which is riskier, IHYF or JHHY?
IHYF has been the more volatile fund at 3.5% annualized versus 3.2% for JHHY. Worst drawdown: IHYF -5.3% vs JHHY -5.0%.
Should I hold both IHYF and JHHY?
IHYF and JHHY have a monthly-return correlation of 0.90, 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.
What is the holdings overlap between IHYF and JHHY?
At least 21.9% of IHYF's money is in holdings JHHY also owns. Our book for JHHY is partial, so the real figure is this or higher. They hold 89 positions in common, counted across the 396 positions we hold weights for in IHYF and 409 in JHHY.
Which pays a higher dividend, IHYF or JHHY?
IHYF yields 6.50% while JHHY yields 7.19%, so JHHY currently pays the higher dividend yield.
Is JHHY better than IHYF?
IHYF has a lower expense ratio. IHYF led over 1Y, JHHY over the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.