JHMUvsIROCETF Comparison
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John Hancock Dynamic Municipal Bond ETF (JHMU) belongs to the Municipal Bonds segment. Invesco Rochester High Yield Municipal ETF (IROC) is part of the US Aggregate Bonds segment. Both ETFs have the same top 1 sector exposures: Municipal. JHMU is more expensive with a Total Expense Ratio (TER) of 1.01%, versus 0.4% for IROC. JHMU is down -1.62% year-to-date (YTD) with +$54M in YTD flows. IROC performs worse with -3.2% YTD performance, and +$93M in YTD flows. Run a side-by-side ETF comparison of JHMU and IROC 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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JHMU vs IROC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JHMU IROC | -0.23%-0.98% | -3.06%-4.70% | -1.62%-3.20% | -0.96%-2.41% | n/a+11.52% | n/an/a |
| Flows | JHMU IROC | +$50M+$34M | +$51M+$67M | +$54M+$93M | +$63M+$142M | -+$169M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JHMU IROC | +4.89%+5.64% | +3.11%+3.51% | n/a+3.52% | n/an/a |
| Max drawdown | JHMU IROC | -5.48%-6.59% | -6.15%-7.11% | n/a-7.11% | n/an/a |
| Max drawdown duration | JHMU IROC | 92d92d | 102d102d | n/a102d | n/an/a |
Trading data
JHMU | IROC | |
Last sale 10/16/2026 at 1:30 PM | $25.10 | $48.45 |
| Previous close 10/15/2026 | $25.07 | $48.46 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
JHMU | IROC | |
|---|---|---|
| Last price | $25.10 | $48.45 |
| 1D performance | +0.13% | -0.02% |
| AuM | $93.43 M | $192.11 M |
| E/R | 1.01% | 0.4% |
Characteristics
JHMU | IROC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | John Hancock Investments | Invesco |
| Benchmark | - | - |
| N° of holdings | 46 | 71 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 31, 2023 | September 12, 2022 |
| ESG | No | No |
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Exposure
Countries
JHMU
USA
39.44%
Other
60.56%
IROC
USA
40.88%
Other
59.12%
Sectors
JHMU
Municipal
39.44%
Other
60.56%
IROC
Municipal
40.88%
Other
59.12%
Diversification
JHMU
Total weight of top 15 holdings out of 15
16.67%
IROC
Total weight of top 15 holdings out of 15
18.23%
Top 15 holdings
Data as of August 31, 2026
JHMU
US735389P517
1.73%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
1.71%
US34061UEX28
1.66%
Indiana Finance Authority, 3% 1nov2030, USD (2010A)
1.61%
US64579RDU86
0.92%
Connecticut Health and Educational Facilities Authority, 5% 1jul2036, USD
0.91%
Utility Debt Securitization Authority, 5% 15dec2041, USD (2025TE-2)
0.91%
US7436003H96
0.91%
US45130ABK07
0.90%
Maricopa Industrial Development Authority, 5% 1jan2038, USD (2026D)
0.90%
US57421CLQ59
0.90%
US79467BKC80
0.90%
US79467BKA25
0.90%
US091096PZ48
0.90%
US795576LT29
0.90%
IROC
Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A)
1.28%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.28%
US13013JGF75
1.25%
US37353PWV74
1.25%
US812643H643
1.24%
US121342PQ61
1.24%
City of New York, FRN 1dec2047, USD
1.24%
US677561LA84
1.24%
Washington Suburban Sanitary District, FRN 1jun2027, USD
1.24%
US686507NQ33
1.24%
Gulf Coast Industrial Development Authority, FRN 1nov2041, USD (2012)
1.24%
Mississippi Business Finance Corp., FRN 1nov2035, USD (2010I)
1.24%
US63608TBR05
1.09%
Texas, 5% 1aug2041, USD
1.07%
Massachusetts Development Finance Agency, 5% 1jan2047, USD
1.05%
Frequently asked questions about JHMU and IROC
How have the JHMU and IROC ETFs performed in 2026?
As of October 16, 2026, JHMU is down -1.62% year-to-date (YTD), while IROC has lost -3.2%. That puts JHMU better performer ahead so far this year.
Which ETF is attracting more investor money: JHMU or IROC?
Year-to-date, the JHMU ETF saw +$54M in flows, compared to +$93M for IROC.
Which ETF is more volatile: JHMU or IROC?
Over the past year, JHMU had a volatility of 3.11%, while IROC experienced 3.51%.
Which ETF is bigger: JHMU or IROC?
As of October 16, 2026, JHMU holds $93.43 M in assets under management (AUM), while IROC manages $192.11 M.
What sectors do the JHMU and IROC ETFs invest in?
JHMU leans toward sectors like Municipal. Meanwhile, IROC focuses on Municipal.
What are the top holdings of the JHMU ETF and IROC ETF?
JHMU top holdings include US735389P517, Black Belt Energy Gas District, 5% 1dec2034, USD (2026) and US34061UEX28. IROC holds in its top three: Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A), Kentucky Public Energy Authority, 5% 1dec2033, USD (2025) and US13013JGF75.
Which ETF is more diversified: JHMU or IROC?
JHMU holds 116 securities with 16.67% of its assets in the top 15. IROC has 174 securities and a top 15 weight of 18.23%.
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