JHMU vs PVI
John Hancock Dynamic Municipal Bond ETF vs Invesco Floating Rate Municipal Income ETF
Which is better, JHMU or PVI?
Each has led over a different period.
PVI has a lower expense ratio. JHMU led over 3Y and the full window, PVI over 1Y.
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 | JHMU | PVI |
|---|---|---|
| Expense Ratio | 0.39% | 0.25%Best |
| AUM | $53M | $34M |
| Dividend Yield | 4.06% | 2.21% |
| Holdings | 424 | 307 |
| YTD Return | -2.25% | +1.76%Best |
| 1Y Return | -0.91% | +2.28%Best |
| 3Y Return (annualized) | +4.83%Best | +2.60% |
| 5Y Return (annualized) | - | +2.11% |
| Volatility (annualized) | 4.5% | 0.8%Best |
| Max Drawdown | -6.2% | -1.2%Best |
| $10,000 over 2.9 years | $11,466Best | $10,748 |
| Fund Family | John Hancock Investment Management | Invesco (US) |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Nov 1, 2023 | Nov 15, 2007 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Oct 14, 2026 (2.9 years).
JHMU vs PVI 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 2.9 years both funds cover.
JHMU vs PVI Performance
John Hancock Dynamic Municipal Bond ETF (JHMU) is an ETF from John Hancock Investment Management and Invesco Floating Rate Municipal Income ETF (PVI) is an ETF from Invesco (US). Over the past year JHMU returned -0.91% while PVI returned +2.28%. Year to date, JHMU is down 2.25% versus a gain of 1.76% for PVI.
Over three years, JHMU compounded at +4.83% per year against +2.60% for PVI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHMU has been the more volatile fund, with annualized monthly volatility of 4.5% compared with 0.8% for PVI. 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 -6.2% for JHMU and -1.2% for PVI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.17. They move largely independently of each other.
Fees and Cost Over Time
JHMU charges 0.39% per year while PVI charges 0.25%. On a $10,000 position that is $39 vs $25 annually, a gap of $14 per year that compounds over a long holding period. On income, JHMU currently yields 4.06% against 2.21% for PVI.
Holdings Overlap
We hold position weights for 117 holdings in JHMU and 66 in PVI, totalling 39.3% and 53.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 117 positions we hold weights for in JHMU and 66 in PVI, against full books of 424 and 307.
You are not choosing between two funds in isolation.
Whichever of JHMU and PVI 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, JHMU or PVI?
JHMU has an expense ratio of 0.39% while PVI charges 0.25%. PVI is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, JHMU or PVI?
Over the past year JHMU returned -0.91% vs +2.28% for PVI, so PVI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHMU or PVI?
JHMU has been the more volatile fund at 4.5% annualized versus 0.8% for PVI. Worst drawdown: JHMU -6.2% vs PVI -1.2%.
Should I hold both JHMU and PVI?
JHMU and PVI have a monthly-return correlation of -0.17, 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, JHMU or PVI?
JHMU yields 4.06% while PVI yields 2.21%, so JHMU currently pays the higher dividend yield.
Is PVI better than JHMU?
PVI has a lower expense ratio. JHMU led over 3Y and the full window, PVI over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.