JHHY vs SMTH
John Hancock High Yield ETF vs ALPS Smith Core Plus Bond ETF
Which is better, JHHY or SMTH?
JHHY has been ahead.
JHHY has a lower expense ratio. JHHY led over 1Y and the full window.
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 | JHHY | SMTH |
|---|---|---|
| Expense Ratio | 0.52%Best | 0.59% |
| AUM | $133M | $3.6B |
| Dividend Yield | 7.19% | 4.48% |
| Holdings | 561 | 921 |
| YTD Return | -0.35%Best | -2.50% |
| 1Y Return | +1.35%Best | -2.47% |
| Volatility (annualized) | 3.9%Best | 4.2% |
| Max Drawdown | -5.0% | -4.7%Best |
| $10,000 over 2.5 years | $11,669Best | $10,877 |
| Fund Family | John Hancock Investment Management | ALPS Advisors |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | May 1, 2024 | Dec 5, 2023 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: May 2, 2024 to Oct 14, 2026 (2.5 years).
JHHY vs SMTH 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 2.5 years both funds cover.
JHHY vs SMTH Performance
John Hancock High Yield ETF (JHHY) is an ETF from John Hancock Investment Management and ALPS Smith Core Plus Bond ETF (SMTH) is an ETF from ALPS Advisors. Over the past year JHHY returned +1.35% while SMTH returned -2.47%. Year to date, JHHY is down 0.35% versus a loss of 2.50% for SMTH.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMTH has been the more volatile fund, with annualized monthly volatility of 4.2% compared with 3.9% 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 -5.0% for JHHY and -4.7% for SMTH. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHHY charges 0.52% per year while SMTH charges 0.59%. On a $10,000 position that is $52 vs $59 annually, a gap of $7 per year that compounds over a long holding period. On income, JHHY currently yields 7.19% against 4.48% for SMTH.
Holdings Overlap
We hold position weights for 409 holdings in JHHY and 147 in SMTH, totalling 62.7% and 30.2% 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, 4 positions appear in both.
4 positions in common, counted across the 409 positions we hold weights for in JHHY and 147 in SMTH, against full books of 561 and 921.
Top Shared Holdings
| Stock | Weight in JHHY | Weight in SMTH | Difference |
|---|---|---|---|
| AMNPHA 6.875 08/01/3Amneal Pharmaceuticals L 144A W/O Rts 6.875 08/01/2032 6.875 2032-08-01 | 0.11% | 0.36% | 0.25% |
| RKT 6.125 08/01/30 1Rocket Companies Inc 6.125% | 0.39% | 0.04% | 0.35% |
| RRR 4.5 02/15/28 144Station Casinos Llc 4.5 02/15/2028 | 0.12% | 0.23% | 0.11% |
| FAIRIC 6 05/15/33 14Fair Isaac Corp Sr Unsecured 144A 05/33 6 6 05/15/2033 | 0.08% | 0.19% | 0.11% |
You are not choosing between two funds in isolation.
Whichever of JHHY and SMTH 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, JHHY or SMTH?
JHHY has an expense ratio of 0.52% while SMTH charges 0.59%. JHHY is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, JHHY or SMTH?
Over the past year JHHY returned +1.35% vs -2.47% for SMTH, so JHHY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHHY or SMTH?
SMTH has been the more volatile fund at 4.2% annualized versus 3.9% for JHHY. Worst drawdown: JHHY -5.0% vs SMTH -4.7%.
Should I hold both JHHY and SMTH?
JHHY and SMTH have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JHHY or SMTH?
JHHY yields 7.19% while SMTH yields 4.48%, so JHHY currently pays the higher dividend yield.
Is SMTH better than JHHY?
JHHY has a lower expense ratio. JHHY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.