JHCPvsPZAETF Comparison
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John Hancock Core Plus Bond ETF (JHCP) belongs to the US Aggregate Bonds segment. Invesco National AMT-Free Municipal Bond ETF (PZA) is part of the Municipal Bonds segment. JHCP's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, PZA's top sector exposures are Municipal. JHCP is more expensive with a Total Expense Ratio (TER) of 0.56%, versus 0.28% for PZA. JHCP is down -2.37% year-to-date (YTD) with +$288M in YTD flows. PZA performs worse with -5.87% YTD performance, and +$1.06B in YTD flows. Run a side-by-side ETF comparison of JHCP and PZA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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JHCP vs PZA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JHCP PZA | -1.23%-1.08% | -2.49%-5.87% | -2.37%-5.87% | -2.82%-5.88% | n/a+8.15% | n/a-7.47% |
| Flows | JHCP PZA | +$64M-$47M | +$154M+$69M | +$288M+$1.06B | +$303M+$957M | -+$2.05B | -+$2.19B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JHCP PZA | +4.58%+7.33% | +4.09%+4.69% | n/a+5.49% | n/a+5.45% |
| Max drawdown | JHCP PZA | -3.75%-8.44% | -5.21%-9.83% | n/a-9.83% | n/a-18.28% |
| Max drawdown duration | JHCP PZA | 55d91d | 232d232d | n/a232d | n/a1750d |
Trading data
JHCP | PZA | |
Last sale 10/20/2026 at 1:30 PM | $24.07 | $21.52 |
| Previous close 10/19/2026 | $24.03 | $21.61 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 21, 2026
1-year trailing difference
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JHCP
is actively managed and doesn’t replicate an indexJHCP | PZA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/20/2026 at 1:30 PM
Live
Closed
JHCP | PZA | |
|---|---|---|
| Last price | $24.07 | $21.52 |
| 1D performance | +0.15% | -0.42% |
| AuM | $346.27 M | $4.06 B |
| E/R | 0.56% | 0.28% |
Characteristics
JHCP | PZA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | John Hancock Investments | Invesco |
| Benchmark | - | ICE BofA National Long-Term Core Plus Municipal Securities Index |
| N° of holdings | 278 | 3395 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 18, 2024 | October 11, 2007 |
| ESG | No | No |
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Exposure
Countries
JHCP
USA
52.42%
Other
47.58%
PZA
USA
59.27%
Other
40.73%
Sectors
JHCP
Finance
20.67%
Sovereign
12.56%
Industrials
7.58%
Other
59.18%
PZA
Municipal
59.27%
Other
40.73%
Diversification
JHCP
Total weight of top 15 holdings out of 15
16.42%
PZA
Total weight of top 15 holdings out of 15
1.51%
Top 15 holdings
Data as of August 31, 2026
JHCP
USA, Bonds 5% 15may2056, USD
4.59%
USA, Bonds 5% 15may2046, USD
3.46%
USA, Bonds 4.625% 15feb2046, USD
1.41%
USA, Bonds 1.625% 15nov2050, USD
0.68%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
0.67%
USA, Bonds 4.875% 15aug2045, USD
0.65%
US3140Y9AW41
0.65%
US3132DWH634
0.63%
US31427SBY37
0.62%
FN CA1187, 3.5% 1feb2048, USD (ABS)
0.55%
Boeing, 6.528% 1may2034, USD
0.54%
Amgen, 5.25% 2mar2033, USD
0.51%
M&T Bank, 5.385% 16jan2036, USD (A)
0.50%
US3142GXZW09
0.49%
US3140W6WG34
0.47%
PZA
California Health Facilities Financing Authority, 4% 1nov2044, USD
0.13%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.12%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.10%
County of Jefferson (AL), 5.5% 1oct2053, USD (2024)
0.10%
California Health Facilities Financing Authority, 4% 15aug2048, USD (2021A)
0.10%
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.10%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025)
0.10%
University of California Medical Center, 5% 15may2047, USD (2022)
0.10%
County of Jefferson (AL), 5.25% 1oct2049, USD (2024)
0.10%
Orange Health Facilities Authority, 5.25% 1oct2056, USD (2025A)
0.09%
US818200VF19
0.09%
US67756AH960
0.09%
US43233KAE47
0.09%
US160853VA29
0.09%
US6133408D38
0.09%
Frequently asked questions about JHCP and PZA
How have the JHCP and PZA ETFs performed in 2026?
As of October 19, 2026, JHCP is down -2.37% year-to-date (YTD), while PZA has lost -5.87%. That puts JHCP better performer ahead so far this year.
Which ETF is attracting more investor money: JHCP or PZA?
Year-to-date, the JHCP ETF saw +$288M in flows, compared to +$1.06B for PZA.
Which ETF is more volatile: JHCP or PZA?
Over the past year, JHCP had a volatility of 4.09%, while PZA experienced 4.69%.
Which ETF is bigger: JHCP or PZA?
As of October 19, 2026, JHCP holds $346.27 M in assets under management (AUM), while PZA manages $4.06 B.
What sectors do the JHCP and PZA ETFs invest in?
JHCP leans toward sectors like Finance, Sovereign and Industrials. Meanwhile, PZA focuses on Municipal.
What are the top holdings of the JHCP ETF and PZA ETF?
JHCP top holdings include USA, Bonds 5% 15may2056, USD, USA, Bonds 5% 15may2046, USD and USA, Bonds 4.625% 15feb2046, USD. PZA holds in its top three: California Health Facilities Financing Authority, 4% 1nov2044, USD, New York Dormitory Authority, 5.5% 1jul2054, USD (2024A) and New York Dormitory Authority, 4% 15feb2047, USD (2019D).
Which ETF is more diversified: JHCP or PZA?
JHCP holds 527 securities with 16.42% of its assets in the top 15. PZA has 7121 securities and a top 15 weight of 1.51%.
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