JHCP vs JIII
John Hancock Core Plus Bond ETF vs Janus Henderson Income ETF
Which is better, JHCP or JIII?
JIII has been ahead.
JHCP has a lower expense ratio. JIII led over 1Y and 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 | JHCP | JIII |
|---|---|---|
| Expense Ratio | 0.36%Best | 0.54% |
| AUM | $340M | $274M |
| Dividend Yield | 4.62% | 7.91% |
| Holdings | 987 | 596 |
| YTD Return | -2.37% | -0.16%Best |
| 1Y Return | -2.10% | +1.56%Best |
| Volatility (annualized) | 4.1% | 3.0%Best |
| Max Drawdown | -5.1% | -3.5%Best |
| $10,000 over 1.8 years | $10,460 | $10,825Best |
| Fund Family | John Hancock Investment Management | Janus Henderson Investors |
| Category | Fixed Income | Fixed Income |
| Style | Investment Grade Bond | Investment Grade Bond |
| Inception | Dec 18, 2024 | Nov 12, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 18, 2024 to Oct 14, 2026 (1.8 years).
JHCP vs JIII 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 1.8 years both funds cover.
JHCP vs JIII Performance
John Hancock Core Plus Bond ETF (JHCP) is an ETF from John Hancock Investment Management and Janus Henderson Income ETF (JIII) is an ETF from Janus Henderson Investors. Over the past year JHCP returned -2.10% while JIII returned +1.56%. Year to date, JHCP is down 2.37% versus a loss of 0.16% for JIII.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHCP has been the more volatile fund, with annualized monthly volatility of 4.1% compared with 3.0% for JIII. 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 -5.1% for JHCP and -3.5% for JIII. 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
JHCP charges 0.36% per year while JIII charges 0.54%. On a $10,000 position that is $36 vs $54 annually, a gap of $18 per year that compounds over a long holding period. On income, JHCP currently yields 4.62% against 7.91% for JIII.
Holdings Overlap
We hold position weights for 436 holdings in JHCP and 124 in JIII, totalling 40.1% and 50.9% 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, 9 positions appear in both.
9 positions in common, counted across the 436 positions we hold weights for in JHCP and 124 in JIII, against full books of 987 and 596.
Top Shared Holdings
| Stock | Weight in JHCP | Weight in JIII | Difference |
|---|---|---|---|
| RBLX 3.875 05/01/30 | 0.14% | 0.25% | 0.11% |
| RISBAK 8.625 11/01/3Viking Baked 8.625% 11/31 8.63%11/01/2031 | 0.14% | 0.25% | 0.11% |
| CNPCenterPoint Energy Inc 5.95 04/01/2056 | 0.02% | 0.21% | 0.19% |
| JHXAU 5.875 01/31/31Jh North America Holdings Inc 144A 5.88% Jan 31, 2031 | 0.02% | 0.18% | 0.16% |
| HOWARD 6.625 01/15/3Howard Midstream Energy Partners Llc 0.0663 01/15/2034 | 0.02% | 0.15% | 0.13% |
| GOOGMAlphabet Inc Prf Perpetual Usd 1000 - 1/20Th Int Ser A | 0.01% | 0.14% | 0.13% |
| GOOGNAlphabet Inc Prf Perpetual Usd 1000 - 1/20Th Int Ser B | 0.01% | 0.14% | 0.13% |
| SWTCH 2024-2A A2Switch Data Center Swtch_24-2Aswtch_24-2A,5.44 06/25/2054 | 0.01% | 0.14% | 0.13% |
| JMIKE 2025-1A A2Jersey Mike'S Funding 5.61 08/16/2055 | 0.04% | 0.10% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of JHCP and JIII 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, JHCP or JIII?
JHCP has an expense ratio of 0.36% while JIII charges 0.54%. JHCP is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, JHCP or JIII?
Over the past year JHCP returned -2.10% vs +1.56% for JIII, so JIII leads on 1-year performance. Over the longest common window we track (2 years), JHCP annualized +2.53% vs +4.50% for JIII. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHCP or JIII?
JHCP has been the more volatile fund at 4.1% annualized versus 3.0% for JIII. Worst drawdown: JHCP -5.1% vs JIII -3.5%.
Should I hold both JHCP and JIII?
JHCP and JIII 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.
Which pays a higher dividend, JHCP or JIII?
JHCP yields 4.62% while JIII yields 7.91%, so JIII currently pays the higher dividend yield.
Is JIII better than JHCP?
JHCP has a lower expense ratio. JIII led over 1Y and 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.