JHMU vs OVM
Comparison between JOHN HANCOCK DYNAMIC MUNICIPAL BOND ETF (JHMU, ETF) and OVERLAY SHARES MUNICIPAL BOND ETF (OVM, ETF).
JHMU vs OVM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
JHMU
$44M
OVM
$44M
Expense Ratio
Winner
JHMU
0.39%
OVM
0.81%
Max Drawdown
Winner
JHMU
7.70%
OVM
24.24%
Sharpe Ratio
JHMU
0.48
Winner
OVM
0.85
5Y Beta
Winner
JHMU
0.01
OVM
0.19
5Y Dividends CAGR
JHMU
N/A
OVM
4.01%
JHMU vs OVM - Historical Returns
Returns include dividend reinvestment.
1M
JHMU
+0.29%
Winner
OVM
+0.47%
3M
Winner
JHMU
+0.24%
OVM
-0.12%
6M
JHMU
-1.25%
Winner
OVM
-0.32%
1Y
JHMU
+5.06%
Winner
OVM
+7.56%
5Y(CAGR)
JHMU
N/A
OVM
+1.01%
Max(CAGR)
Winner
JHMU
+6.23%
OVM
+2.47%
JHMU vs OVM - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | JHMU | OVM |
|---|---|---|
| 2026 | +0.81% | +2.14% |
| 2025 | +4.79% | +4.18% |
| 2024 | +3.96% | +3.99% |
| 2023 | +7.77% | +6.98% |
| 2022 | N/A | -11.22% |
| 2021 | N/A | +4.98% |
| 2020 | N/A | +6.00% |
| 2019 | N/A | +1.72% |
JHMU vs OVM Drawdown Comparison
The maximum drawdown for JHMU was -4.48%, occurring on Apr 11, 2025. Recovery took 129 trading sessions.
The maximum drawdown for OVM was -15.58%, occurring on Sep 30, 2022. Recovery took 694 trading sessions.
The current JHMU drawdown is -1.57%. The current OVM drawdown is -1.91%.
| Rank | JHMU | OVM |
|---|---|---|
| #1 | -4.48% Mar 3, 2025 - Sep 5, 2025 | -15.58% Dec 28, 2021 - Oct 2, 2024 |
| #2 | -2.77% Feb 26, 2026 - Jun 26, 2026 | -14.90% Feb 20, 2020 - Jul 9, 2020 |
| #3 | -2.56% Dec 6, 2024 - Feb 28, 2025 | -8.20% Dec 6, 2024 - Oct 15, 2025 |
| #4 | -2.33% Oct 1, 2024 - Dec 4, 2024 | -2.88% Jul 6, 2026 - Jul 30, 2026 |
| #5 | -2.02% Jul 6, 2026 - Jul 23, 2026 | -2.44% Feb 27, 2026 - Apr 30, 2026 |
| #6 | -1.43% May 15, 2024 - Jun 12, 2024 | -2.22% Feb 12, 2021 - Apr 15, 2021 |
| #7 | -1.21% Mar 13, 2024 - May 15, 2024 | -2.12% Oct 2, 2024 - Nov 27, 2024 |
| #8 | -1.10% Jan 11, 2024 - Jan 31, 2024 | -2.06% Sep 9, 2021 - Dec 28, 2021 |
| #9 | -0.96% Feb 1, 2024 - Feb 26, 2024 | -1.84% Aug 10, 2020 - Nov 17, 2020 |
| #10 | -0.66% Aug 2, 2024 - Aug 23, 2024 | -1.50% Oct 27, 2025 - Dec 10, 2025 |
| #11 | -0.62% Nov 14, 2023 - Nov 20, 2023 | -1.24% May 8, 2026 - May 27, 2026 |
| #12 | -0.47% Nov 11, 2025 - Nov 26, 2025 | -1.22% Jan 14, 2026 - Feb 2, 2026 |
| #13 | -0.44% Jun 18, 2024 - Jul 5, 2024 | -1.17% Dec 24, 2020 - Jan 20, 2021 |
| #14 | -0.43% Dec 27, 2023 - Jan 11, 2024 | -1.07% Jun 4, 2026 - Jul 2, 2026 |
| #15 | -0.38% Nov 22, 2023 - Nov 27, 2023 | -0.82% May 7, 2021 - May 25, 2021 |
Correlation
Correlation between JHMU and OVM is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2019 - 2026)
JHMU vs OVM dividend yield comparison.
| Year | JHMU | OVM |
|---|---|---|
| 2026 | 2.08% | 3.05% |
| 2025 | 4.36% | 5.45% |
| 2024 | 7.29% | 4.91% |
| 2023 | 0.63% | 4.66% |
| 2022 | 0.00% | 4.21% |
| 2021 | 0.00% | 6.10% |
| 2020 | 0.00% | 3.97% |
| 2019 | 0.00% | 0.58% |
Select Stocks to Compare
Popular: JHMU vs SPYOVM vs SPY
More Comparisons
Compare with similar stocks