JHMU vs TXXI
John Hancock Dynamic Municipal Bond ETF vs BondBloxx IR+M Tax-Aware Intermediate Duration ETF
Which is better, JHMU or TXXI?
Nearly the same fund. TXXI costs less.
TXXI has a lower expense ratio. JHMU led over 1Y 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 | TXXI |
|---|---|---|
| Expense Ratio | 0.39% | 0.35%Best |
| AUM | $53M | $38M |
| Dividend Yield | 4.06% | 3.64% |
| Holdings | 424 | 164 |
| YTD Return | -2.25%Best | -2.69% |
| 1Y Return | -0.91%Best | -1.88% |
| 3Y Return (annualized) | +4.83% | - |
| Volatility (annualized) | 4.8% | 4.5%Best |
| Max Drawdown | -6.2% | -5.9%Best |
| $10,000 over 1.6 years | $10,218Best | $10,156 |
| Fund Family | John Hancock Investment Management | BondBloxx |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Nov 1, 2023 | Mar 13, 2025 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 13, 2025 to Oct 14, 2026 (1.6 years).
JHMU vs TXXI 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 1.6 years both funds cover.
JHMU vs TXXI Performance
John Hancock Dynamic Municipal Bond ETF (JHMU) is an ETF from John Hancock Investment Management and BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) is an ETF from BondBloxx. Over the past year JHMU returned -0.91% while TXXI returned -1.88%. Year to date, JHMU is down 2.25% versus a loss of 2.69% for TXXI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHMU has been the more volatile fund, with annualized monthly volatility of 4.8% compared with 4.5% for TXXI. 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 -5.9% for TXXI. 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 TXXI charges 0.35%. On a $10,000 position that is $39 vs $35 annually, a gap of $4 per year that compounds over a long holding period. On income, JHMU currently yields 4.06% against 3.64% for TXXI.
Holdings Overlap
We hold position weights for 117 holdings in JHMU and 86 in TXXI, totalling 39.3% and 42.8% 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 117 positions we hold weights for in JHMU and 86 in TXXI, against full books of 424 and 164.
Top Shared Holdings
| Stock | Weight in JHMU | Weight in TXXI | Difference |
|---|---|---|---|
| TX SANUTL 5 02/01/20San Antonio Tx Elec & Gas Revenue | 0.37% | 0.89% | 0.52% |
| GA MAIUTL 12/01/2055Main Street Natural Gas Inc Ga 5.00 2055-12-01 | 1.00% | 0.23% | 0.77% |
| GA MAIUTL 09/01/2052Main Street Natural Gas Inc 4.00% 09/01/2052 | 0.45% | 0.26% | 0.19% |
| NY NYCGEN 5 05/01/20New York Ny City Transitional Fin Auth Rev 5 | 0.10% | 0.47% | 0.37% |
You are not choosing between two funds in isolation.
Whichever of JHMU and TXXI 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 TXXI?
JHMU has an expense ratio of 0.39% while TXXI charges 0.35%. TXXI is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, JHMU or TXXI?
Over the past year JHMU returned -0.91% vs -1.88% for TXXI, so JHMU leads on 1-year performance. Over the longest common window we track (2 years), JHMU annualized +1.36% vs +0.97% for TXXI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHMU or TXXI?
JHMU has been the more volatile fund at 4.8% annualized versus 4.5% for TXXI. Worst drawdown: JHMU -6.2% vs TXXI -5.9%.
Should I hold both JHMU and TXXI?
JHMU and TXXI 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 TXXI?
JHMU yields 4.06% while TXXI yields 3.64%, so JHMU currently pays the higher dividend yield.
Is TXXI better than JHMU?
TXXI has a lower expense ratio. JHMU led over 1Y 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.