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ETFs

John Hancock Mortgage-Backed Securities ETF

JHMB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 19 2021
Expense Ratio
0.40%
Type
US Bonds
Fund Owner
John Hancock Funds
Volume (1m avg. daily)
$125,222
AUM
$27,689,199
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
FED HM LN PC POOL QE6386
2.97%
n/a
FNMA POOL FM8161 UNITED STATES OF AMERICA (THE) 532870.030
1.54%
n/a
FNMA POOL FS0736
1.52%
n/a
FNMA POOL FM8385
1.47%
n/a
FNMA POOL FM8371
1.43%
n/a
FNMA POOL FM8462
1.42%
n/a
FNMA POOL FM8109 UNITED STATES OF AMERICA (THE) 488660.630
1.41%
n/a
FED HM LN PC POOL SD3279
1.39%
n/a
FNMA POOL FM9026
1.22%
n/a
CENT CLO LP UNITED STATES OF AMERICA (THE) 350000.000
1.21%
Invest with JHMB

What is JHMB?

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgage-backed securities. The fund may invest in mortgage-related securities issued or guaranteed by U.S. governmental entities and privately issued mortgage-related securities. These may include residential mortgage-backed securities, commercial mortgage-backed securities and to-be-announced mortgage contracts, and may be rated investment grade or below.

ETFs related toJHMB

ETFs correlated to JHMB include IBDY, PYLD, BINC

JHMB
John Hancock Exchange-Traded Fund Trust - John Hancock Mortgage-Backed Securities ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
BINC
BlackRock ETF Trust II - BlackRock Flexible Income ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
DBND
DoubleLine ETF Trust - DoubleLine Opportunistic Bond ETF
JMHI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Municipal ETF
JCPB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Core Plus Bond ETF
LMBS
First Trust Exchange-Traded Fund III - First Trust Low Duration Opportunities ETF
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF
JSCP
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Short Duration Core Plus ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toJHMB

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with JHMB using Composer

FAQ

JHMB is a US Bonds ETF. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgage-backed securities. The fund may invest in mortgage-related securities issued or guaranteed by U.S. governmental entities and privately issued mortgage-related securities. These may include residential mortgage-backed securities, commercial mortgage-backed securities and to-be-announced mortgage contracts, and may be rated investment grade or below.

Yes, JHMB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, JHMB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JHMB is -0.0073%. This is the percent change in the value of JHMB over the most recent 1-month period. The 3-month return on JHMB is -0.0195%. This is the percent change in the value of JHMB over the most recent 3-month period.

The standard deviation of JHMB for the past year is 0.0706%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JHMB include VMBS, JPLD, and SPMB.

ETFs correlated to JHMB include IBDY, PYLD, and BINC.

ETFs that are inversely correlated to JHMB include PST, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.