JHCB vs SCHZ
John Hancock Corporate Bond ETF vs Schwab US Aggregate Bond ETF
Which is better, JHCB or SCHZ?
Nearly the same fund. SCHZ costs less.
SCHZ has a lower expense ratio. JHCB led over 3Y, 5Y and the full window, SCHZ over 1Y. The two have moved almost in lockstep, correlation 0.97.
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 | SCHZ |
|---|---|---|
| Expense Ratio | 0.29% | 0.03%Best |
| AUM | $99M | $10.6B |
| Dividend Yield | 5.42% | 4.33% |
| Holdings | 181 | 24,843 |
| YTD Return | -3.09% | -2.13%Best |
| 1Y Return | -3.15% | -1.99%Best |
| 3Y Return (annualized) | +5.71%Best | +4.41% |
| 5Y Return (annualized) | -0.34%Best | -0.63% |
| Volatility (annualized) | 7.9% | 6.3%Best |
| Max Drawdown | -22.6% | -18.0%Best |
| $10,000 over 5 years | $9,831Best | $9,689 |
| Fund Family | John Hancock Investment Management | Charles Schwab Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | Mar 30, 2021 | Jul 14, 2011 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Mar 31, 2021 to Oct 14, 2026 (5.5 years).
JHCB vs SCHZ 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 SCHZ Performance
John Hancock Corporate Bond ETF (JHCB) is an ETF from John Hancock Investment Management and Schwab US Aggregate Bond ETF (SCHZ) is an ETF from Charles Schwab Asset Management. Over the past year JHCB returned -3.15% while SCHZ returned -1.99%. Year to date, JHCB is down 3.09% versus a loss of 2.13% for SCHZ.
Over three years, JHCB compounded at +5.71% per year against +4.41% for SCHZ; over five years the annualized figures are -0.34% and -0.63% respectively. Across the full 6-year window we track, JHCB has the edge at +0.33% 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 6.3% for SCHZ. 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 -18.0% for SCHZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. 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 SCHZ charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, JHCB currently yields 5.42% against 4.33% for SCHZ.
Holdings Overlap
We hold position weights for 161 holdings in JHCB and 10,307 in SCHZ, totalling 89.1% and 61.5% 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, 129 positions appear in both.
129 positions in common, counted across the 161 positions we hold weights for in JHCB and 10,307 in SCHZ, against full books of 181 and 24,843.
Top Shared Holdings
| Stock | Weight in JHCB | Weight in SCHZ | Difference |
|---|---|---|---|
| BAC V2.592 04/29/31Bank Of America 2.592 04/29/2031 | 2.21% | 0.01% | 2.20% |
| MSFT 2.525 06/01/50Microsoft Corporation 2.52 Jun 01, 2050 | 1.72% | 0.01% | 1.71% |
| AMZN 4.95 12/05/44Amazon.com Inc. 4.95% 05 Dec 2044 | 1.69% | 0.00% | 1.69% |
| CEG 5.75 03/15/54Constellation Energy Generation Llc Corporate Bonds | 1.55% | 0.00% | 1.55% |
| SO V6.375 03/15/55 2Southern Co 6.38 2055-03-15 | 1.47% | 0.01% | 1.46% |
| LLY 5 02/09/54Eli Lilly + Co Sr Unsecured 02/54 5 | 1.44% | 0.00% | 1.44% |
| TFC V4.916 07/28/33 | 1.37% | 0.00% | 1.37% |
| WFC V5.605 04/23/36Wells Fargo + Company Sr Unsecured 04/36 Var | 1.27% | 0.01% | 1.26% |
| CMA V5.332 08/25/33Comerica Bank V/R 08/25/33 | 1.24% | 0.00% | 1.24% |
| META 4.45 08/15/52Meta Platforms Inc Sr Unsecured 08/52 4.45 | 1.23% | 0.01% | 1.22% |
You are not choosing between two funds in isolation.
Whichever of JHCB and SCHZ 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 SCHZ?
JHCB has an expense ratio of 0.29% while SCHZ charges 0.03%. SCHZ is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, JHCB or SCHZ?
Over the past year JHCB returned -3.15% vs -1.99% for SCHZ, so SCHZ leads on 1-year performance. Over the longest common window we track (6 years), JHCB annualized +0.33% vs -0.23% for SCHZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHCB or SCHZ?
JHCB has been the more volatile fund at 7.9% annualized versus 6.3% for SCHZ. Worst drawdown: JHCB -22.6% vs SCHZ -18.0%.
Should I hold both JHCB and SCHZ?
JHCB and SCHZ have a monthly-return correlation of 0.97, 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 SCHZ?
JHCB yields 5.42% while SCHZ yields 4.33%, so JHCB currently pays the higher dividend yield.
Is SCHZ better than JHCB?
SCHZ has a lower expense ratio. JHCB led over 3Y, 5Y and the full window, SCHZ over 1Y. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.