JHCB vs PAB
John Hancock Corporate Bond ETF vs PGIM Active Aggregate Bond ETF
Which is better, JHCB or PAB?
Nearly the same fund. PAB costs less.
PAB has a lower expense ratio. JHCB led over 3Y, 5Y and the full window, PAB over 1Y. 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 | JHCB | PAB |
|---|---|---|
| Expense Ratio | 0.29% | 0.19%Best |
| AUM | $99M | $98M |
| Dividend Yield | 5.42% | 5.50% |
| Holdings | 181 | 466 |
| YTD Return | -3.09% | -2.03%Best |
| 1Y Return | -3.15% | -1.81%Best |
| 3Y Return (annualized) | +5.71%Best | +4.98% |
| 5Y Return (annualized) | -0.34%Best | -0.45% |
| Volatility (annualized) | 7.9% | 6.4%Best |
| Max Drawdown | -22.6% | -19.3%Best |
| $10,000 over 5 years | $9,831Best | $9,777 |
| Fund Family | John Hancock Investment Management | PGIM Investments |
| Category | Fixed Income | Fixed Income |
| Inception | Mar 30, 2021 | Apr 12, 2021 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Apr 15, 2021 to Oct 14, 2026 (5.5 years).
JHCB vs PAB 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 5.5 years both funds cover.
JHCB vs PAB Performance
John Hancock Corporate Bond ETF (JHCB) is an ETF from John Hancock Investment Management and PGIM Active Aggregate Bond ETF (PAB) is an ETF from PGIM Investments. Over the past year JHCB returned -3.15% while PAB returned -1.81%. Year to date, JHCB is down 3.09% versus a loss of 2.03% for PAB.
Over three years, JHCB compounded at +5.71% per year against +4.98% for PAB; over five years the annualized figures are -0.34% and -0.45% respectively. Across the full 6-year window we track, JHCB has the edge at +0.08% annualized vs -0.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHCB has been the more volatile fund, with annualized monthly volatility of 7.9% compared with 6.4% for PAB. 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 -22.6% for JHCB and -19.3% for PAB. 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
JHCB charges 0.29% per year while PAB charges 0.19%. On a $10,000 position that is $29 vs $19 annually, a gap of $10 per year that compounds over a long holding period. On income, JHCB currently yields 5.42% against 5.50% for PAB.
Holdings Overlap
We hold position weights for 161 holdings in JHCB and 301 in PAB, totalling 89.1% and 64.9% 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, 5 positions appear in both.
5 positions in common, counted across the 161 positions we hold weights for in JHCB and 301 in PAB, against full books of 181 and 466.
Top Shared Holdings
| Stock | Weight in JHCB | Weight in PAB | Difference |
|---|---|---|---|
| JPM V2.739 10/15/30Jpmorgan Chase & V/R 10/15/30 | 0.74% | 0.14% | 0.60% |
| MS V2.239 07/21/32 GMorgan Stanley 2.24% 21Jul2032 | 0.73% | 0.15% | 0.58% |
| ORCL 4 11/15/47Oracle Corp | 0.43% | 0.00% | 0.43% |
| RCL 6.25 03/15/32 14Royal Caribbean 6.25% 03/15/32 | 0.37% | 0.06% | 0.31% |
| TFC V5.867 06/08/34 | 0.17% | 0.05% | 0.12% |
You are not choosing between two funds in isolation.
Whichever of JHCB and PAB 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, JHCB or PAB?
JHCB has an expense ratio of 0.29% while PAB charges 0.19%. PAB is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, JHCB or PAB?
Over the past year JHCB returned -3.15% vs -1.81% for PAB, so PAB leads on 1-year performance. Over the longest common window we track (6 years), JHCB annualized +0.08% vs -0.23% for PAB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHCB or PAB?
JHCB has been the more volatile fund at 7.9% annualized versus 6.4% for PAB. Worst drawdown: JHCB -22.6% vs PAB -19.3%.
Should I hold both JHCB and PAB?
JHCB and PAB 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, JHCB or PAB?
JHCB yields 5.42% while PAB yields 5.50%, so PAB currently pays the higher dividend yield.
Is PAB better than JHCB?
PAB has a lower expense ratio. JHCB led over 3Y, 5Y and the full window, PAB over 1Y. 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.