JHMB vs JPLD: Grades, Fees and Holdings Compared

John Hancock Mortgage-Backed Securities ETF

JHMBBNYSE Arca

JPMorgan Limited Duration Bond ETF

JPLDBNYSE Arca

Overlap

No data

Expense ratio

JPLD −0.09pt a year

JHMB0.39%JPLD0.30%

Avg volume · 30D

JPLD 8.6×the volume

JHMB54.5KJPLD466K

3Y return · a year

JHMB +0.6pt

JHMB+6.3%JPLD+5.7%

JHMB vs JPLD Performance

Oct 31, 2025 – Oct 30, 2026

0.0%JHMB+2.7%JPLD

Expense ratio: JHMB 0.39%; JPLD 0.30%, better
Fund size: JHMB $201M; JPLD $4.21B
1Y total return: JHMB 0.0%; JPLD +2.7%, better
Yield (12M): JHMB 4.97%, better; JPLD 4.32%
Holdings: JHMB 408; JPLD 788
Avg volume (30D): JHMB 54.5K sh; JPLD 466K sh, better
NAV per share: JHMB $21.23; JPLD $51.65
52W range

ETF.net Grade

Pillar letters and Scores for JHMB, JPLD, with each pillar’s weight
Pillar	JHMB	JPLD
Cost30% weight	C44	A74Higher
Mission25% weight	A94Higher	C54
Risk15% weight	D35	A81Higher
Tradability15% weight	C43	B58Higher
Holdings10% weight	A77	A87Higher
Durability5% weight	B60	A85Higher

Rank among Core Securitized Bond funds

How we build Categories ›

Same Category. JHMB and JPLD are both graded against the same 10 Core Securitized Bond funds, so their Grades compare head to head.

Core Securitized Bond⁠

Category · 10 funds

See all 10 ›

JPLD ranks 2nd and JHMB 5th of 10 funds in the Core Securitized Bond Category.

Rank 1AJMBSJanus Henderson Mortgage-Backed Securities ETFScore 77
Rank 2BJPLDJPMorgan Limited Duration Bond ETFScore 69
Rank 3BFSECFIDELITY INVESTMENT GRADE SECURITIZED ETFScore 66
Rank 3BSECRNYLI MacKay Securitized Income ETFScore 66
Rank 5BJHMBJohn Hancock Mortgage-Backed Securities ETFScore 59
Rank 6BTRBFAngel Oak Total Return ETFScore 55

Our read on each fund

ETF.net Research

JHMBBJohn Hancock Mortgage-Backed Securities ETF

JPLDBJPMorgan Limited Duration Bond ETF

In short

JHMB An actively run mortgage-bond specialist from John Hancock, sub-advised by affiliate Manulife: at least 80% in mortgage-backed securities, agency and private-label, with room for other asset-backed paper and CLOs. Pays monthly.

JPLD A bond strategy that has been running since 1993 and moved into an ETF wrapper in 2023. Actively managed, securitized-heavy, and steered to a duration of three years or less: income with the interest-rate dial turned down.

Stated mandate

JHMB Seeks exposure to mortgage-backed securities and related mortgage instruments by investing in mortgage-backed securities and related asset-backed instruments.

JPLD Seeks a high level of current income while seeking low volatility of principal.

Why people hold it

JHMB Not an index fund: the Manulife team seeks a high level of current income and aims to beat the Bloomberg U.S. MBS Index over a market cycle via bottom-up issue selection.jhinvestments.com jhinvestments.com 2
Wide toolkit, tight label: agency and private-label mortgage bonds, residential and commercial, plus to-be-announced contracts, in roughly 400 positions matching the mandate.jhinvestments.com
0.39% net of a waiver through July 31, 2027 (0.47% gross), near the median for its securitized peers, with monthly distributions.

JPLD Long lineage, new wrapper: it operated as a mutual fund from February 2, 1993 until converting to an ETF in July 2023, same mandate, now traded on an exchange.jpmorgan.com sec.gov
The fee sits below the median of the ten securitized-bond funds in its group, with no waiver expiry to diary.
Securitized engine room: roughly 800 positions in mortgage-backed, asset-backed and mortgage-related debt, with income paid monthly.sec.gov
One of the stronger builds in its securitized-bond peer group, and a multi-billion-dollar fund rather than a thinly backed launch.

Worth knowing

JHMB That 0.39% leans on a waiver running through July 31, 2027; gross is 0.47%. Active peer JMBS charges 0.21% with no waiver attached.
Credit reaches past plain agency paper: up to 20% in below-investment-grade bonds at purchase and up to 20% outside MBS in other ABS and CLOs.jhinvestments.com
Mid-sized and moderately traded, so spreads can run wider than in the category's most-traded names.

JPLD Three years or less is a target, not a wall. The prospectus says duration can run longer when rates or spreads turn volatile.sec.gov
Active, not an index clone. It is measured against the Bloomberg 1-3 Year U.S. Government/Credit Bond Index but picks its own bonds, so results diverge from that yardstick.sec.gov
Not the cheapest seat in the category: peer JMBS charges 0.21%.

Full JHMB profile⁠

Full JPLD profile⁠

JHMB vs JPLD Holdings

How JHMB and JPLD differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile92.5%
Asset classFixed Income100%

Sector

No Sector split for JHMB and JPLD.

Country, concentration and asset class

Country by domicile

Country weights in JHMB and JPLD, widest gap first
Country	More in JHMBMore in JPLD	JHMB	JPLD
United States	JHMB +7.5 points	99.8%	92.3%
Cayman Islands	JPLD +2.0 points	0.1%	2.1%
United Kingdom	JPLD +1.8 points	0.0%	1.8%
Spain	JPLD +0.9 points	0.0%	0.9%
France	JPLD +0.7 points	0.0%	0.7%
Australia	JPLD +0.5 points	0.2%	0.7%
Switzerland	JPLD +0.5 points	0.0%	0.5%
Other countries (4)	JPLD +1.0 points	0.0%	1.0%

Concentration

Weight in the 10 largest Holdings

JHMB10.3%
JPLD15.6%

Securities held

JHMB313
JPLD762

Asset class

JHMB: Fixed Income
JPLD: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. JHMB holds 313 securities, JPLD 762.

All 409 JHMB holdings⁠All 789 JPLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JHMB vs JPLD Cost

Overpaying JHMB vs JPLD

$1,749

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

JHMB 0.39%
$7,898
JPLD 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

JHMB 0.39%
JPLD 0.30%
Overpaying

Year by year

Year	JHMB	JPLD	Overpaying
10	$705	$545	$160
20	$2,725	$2,113	$612
30	$7,898	$6,149	$1,749

Expense ratio

0.39%JHMB
0.30%JPLD, cheaper

JPLD0.30%JHMB0.39%

0.21%0.80%

Middle half of Core Securitized Bond funds
Median 0.38%

JPLD 3rd cheapest of 10 funds

JHMB 6th cheapest of 10 funds

JHMB vs JPLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JHMB 4.97%, better; JPLD 4.32%
Payout (12M): JHMB $1.05; JPLD $2.23
Last payment: JHMB $0.09; JPLD $0.20
Ex-dividend: JHMB Oct 28, 2026; JPLD Oct 1, 2026
Paid on: JHMB Oct 30, 2026; JPLD Oct 5, 2026
Frequency: JHMB Monthly; JPLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

JHMBMonthly · 46 paymentsAll JHMB payments⁠

JPLDMonthly · 38 paymentsAll JPLD payments⁠

JHMB vs JPLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JHMB 5.8%JPLD 1.7%, better
Return per unit of riskSharpe ratio, 3 years: JHMB 0.32JPLD 0.67, better
Worst fallMax drawdown, 5 years: JHMB −14.0%JPLD −1.2%since Jul 2023
Market sensitivityBeta, 5 years: JHMB 1.03JPLD 0.26; Market = 1

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