JHMU vs SCMB
John Hancock Dynamic Municipal Bond ETF vs Schwab Municipal Bond ETF
Which is better, JHMU or SCMB?
Nearly the same fund. SCMB costs less.
SCMB has a lower expense ratio. JHMU led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | SCMB |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $53M | $3.1B |
| Dividend Yield | 4.06% | 3.74% |
| Holdings | 424 | 7,278 |
| YTD Return | -2.25%Best | -3.06% |
| 1Y Return | -0.91%Best | -2.05% |
| 3Y Return (annualized) | +4.83%Best | +2.76% |
| Volatility (annualized) | 4.5%Best | 4.6% |
| Max Drawdown | -6.2%Best | -6.7% |
| $10,000 over 2.9 years | $11,466Best | $10,867 |
| Fund Family | John Hancock Investment Management | Charles Schwab Investment Mangement |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Nov 1, 2023 | Oct 11, 2022 |
Not shown on this pair: 5Y Return (annualized), 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 SCMB 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 SCMB Performance
John Hancock Dynamic Municipal Bond ETF (JHMU) is an ETF from John Hancock Investment Management and Schwab Municipal Bond ETF (SCMB) is an ETF from Charles Schwab Investment Mangement. Over the past year JHMU returned -0.91% while SCMB returned -2.05%. Year to date, JHMU is down 2.25% versus a loss of 3.06% for SCMB.
Over three years, JHMU compounded at +4.83% per year against +2.76% for SCMB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCMB has been the more volatile fund, with annualized monthly volatility of 4.6% compared with 4.5% for JHMU. 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 -6.7% for SCMB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JHMU charges 0.39% per year while SCMB charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, JHMU currently yields 4.06% against 3.74% for SCMB.
Holdings Overlap
We hold position weights for 117 holdings in JHMU and 2,477 in SCMB, totalling 39.3% and 23.7% 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, 21 positions appear in both.
21 positions in common, counted across the 117 positions we hold weights for in JHMU and 2,477 in SCMB, against full books of 424 and 7,278.
Top Shared Holdings
| Stock | Weight in JHMU | Weight in SCMB | Difference |
|---|---|---|---|
| WA PTSGEN 5 08/01/20Port Of Seattle Wa Revenue | 1.04% | 0.00% | 1.04% |
| UT SALAPT 5 07/01/20Salt Lake City Corp Airport Revenue | 0.88% | 0.00% | 0.88% |
| NJ NJSEDU 5 03/01/20Nj Eductnl Facs Auth | 0.69% | 0.00% | 0.69% |
| ID IDSGEN 5 08/15/20State Of Idaho Department Of Transportation Transportation Expansion & Congesti 5.0% 08-15-36 | 0.49% | 0.00% | 0.49% |
| TN METFAC 5.25 07/01Metropolitan Government Nashville & Davidson County Sports Authority 5.25 07/01/2053 | 0.45% | 0.01% | 0.44% |
| MA MASDEV 5 10/01/20Massachusetts Development Finance Agency Series 2020-C 5.00%, 10/01/27 | 0.42% | 0.00% | 0.42% |
| DC METAPT 5 10/01/20Met Washington Dc Arpts Auth A 5 2030-10-01 | 0.38% | 0.02% | 0.36% |
| TX SANUTL 5 02/01/20City Public Service Board Of San Antonio | 0.37% | 0.00% | 0.37% |
| NY NYSHGR 5 10/01/20New York St Dorm Auth Revenues Regd B/E Agc 5.00000000 | 0.29% | 0.00% | 0.29% |
| CT CTSHGR 5 07/01/20Connecticut Health And Educational Facilities Authority, Revenue Bonds, Fairfield University, Series 2025V | 0.28% | 0.00% | 0.28% |
You are not choosing between two funds in isolation.
Whichever of JHMU and SCMB 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 SCMB?
JHMU has an expense ratio of 0.39% while SCMB charges 0.03%. SCMB is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, JHMU or SCMB?
Over the past year JHMU returned -0.91% vs -2.05% for SCMB, so JHMU leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHMU or SCMB?
SCMB has been the more volatile fund at 4.6% annualized versus 4.5% for JHMU. Worst drawdown: JHMU -6.2% vs SCMB -6.7%.
Should I hold both JHMU and SCMB?
JHMU and SCMB have a monthly-return correlation of 0.98, 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, JHMU or SCMB?
JHMU yields 4.06% while SCMB yields 3.74%, so JHMU currently pays the higher dividend yield.
Is SCMB better than JHMU?
SCMB has a lower expense ratio. JHMU led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.