HPF Alternatives & Similar Mutual Funds

John Hancock Preferred Income Fund II (HPF) belongs to the Preferred Stock/Convertible Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HPF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HPF

HPF charges 0.01% annually. No mutual funds in the Preferred Stock/Convertible Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
HPS	John Hancock Preferred Income Fund III	0.01%	—	Jun 2003	HPF vs HPS
HPI	John Hancock Preferred Income Fund	0.01%	—	Aug 2002	HPF vs HPI
JPC	Nuveen Preferred and Income Opportunities Fund	0.01%	—	Mar 2003	HPF vs JPC
LDP	Cohen and Steers Limited Duration Preferred and In...	0.01%	—	May 2012	HPF vs LDP
FPF	First Trust Intermediate Duration Preferred and In...	0.02%	—	Apr 2009	HPF vs FPF

Best Risk-Adjusted Alternatives to HPF

HPF has a PortfoliosLab risk / return rank of 24. There are 21 mutual funds in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 90.

Symbol	Name	Risk / Return Rank	AUM	Inception
CICVX	Calamos Convertible Fund	90	—	Jun 1997	HPF vs CICVX
CCVIX	Calamos Convertible Fund	90	—	Jun 1985	HPF vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	87	—	Oct 2018	HPF vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	86	—	Feb 2009	HPF vs FICVX
FACVX	Fidelity Advisor Convertible Securities Fund Class...	86	—	Feb 2009	HPF vs FACVX

Top Performing HPF Alternatives (YTD)

HPF is at 2.93% YTD. There are 12 mutual funds in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 26.74%.

Symbol	Name	YTD Return	AUM	Inception
CICVX	Calamos Convertible Fund	26.74%	—	Jun 1997	HPF vs CICVX
CCVIX	Calamos Convertible Fund	26.64%	—	Jun 1985	HPF vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	23.86%	—	Oct 2018	HPF vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	23.81%	—	Feb 2009	HPF vs FICVX
FCVSX	Fidelity Convertible Securities Fund	23.80%	—	Jan 1987	HPF vs FCVSX

Lowest Volatility Alternatives to HPF

HPF has 8.16% 1-year volatility. There are 13 mutual funds in the Preferred Stock/Convertible Bonds category with lower 1-year volatility, going as low as 1.87%.

Symbol	Name	Volatility 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	1.87%	—	Nov 2015	HPF vs LPXZX
PCSFX	Principal Capital Securities Fund	2.15%	—	Mar 2014	HPF vs PCSFX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.15%	—	Apr 2011	HPF vs DPIIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.41%	—	Feb 2019	HPF vs PISHX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	2.42%	—	Apr 2002	HPF vs PPSIX

Lowest Drawdown Alternatives to HPF

HPF has a 1-year max drawdown of -7.18%. There are 17 mutual funds in the Preferred Stock/Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -2.14%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	-2.14%	—	Nov 2015	HPF vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	-2.39%	—	Apr 2011	HPF vs DPIIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	-2.83%	—	Feb 2019	HPF vs PISHX
JPDIX	JPMorgan Preferred and Income Securities Fund	-2.92%	—	Mar 2022	HPF vs JPDIX
PCSFX	Principal Capital Securities Fund	-2.97%	—	Mar 2014	HPF vs PCSFX

Other Mutual Funds from John Hancock

The 10 most viewed John Hancock mutual funds shown here include SVBAX, JAAAX, JVMIX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SVBAX	John Hancock Balanced Fund	Diversified Portfolio	88	10.21%	—	Oct 1992	HPF vs SVBAX
JAAAX	John Hancock Funds Alternative Asset Allocation Fu...	Multistrategy	94	5.65%	—	Jan 2009	HPF vs JAAAX
JVMIX	John Hancock Funds Disciplined Value Mid Cap Fund ...	Mid Cap Value Equities	28	9.21%	—	Jun 1997	HPF vs JVMIX
JFIVX	John Hancock Variable Insurance Trust 500 Index Tr...	Large Cap Blend Equities	64	9.62%	—	Nov 2012	HPF vs JFIVX
PDT	John Hancock Premium Dividend Fund	Dividend	8	3.78%	—	Dec 1989	HPF vs PDT
JVLIX	John Hancock Funds Disciplined Value Fund	Large Cap Value Equities	86	18.45%	—	Jan 1997	HPF vs JVLIX
JHNBX	John Hancock Bond Fund	Intermediate Core-Plus Bond	21	0.17%	—	Nov 1973	HPF vs JHNBX
JIJIX	John Hancock International Dynamic Growth Fund	Foreign Large Cap Equities	54	33.48%	—	May 2019	HPF vs JIJIX
HTD	John Hancock Tax-Advantaged Dividend Income Fund	Dividend	44	10.88%	—	Feb 2004	HPF vs HTD
TAGRX	John Hancock Fundamental Large Cap Core Fund	Large Cap Blend Equities	11	-0.63%	—	Oct 1984	HPF vs TAGRX

Often Compared With HPF

Investors most often compare HPF with PSF, CPXIX, PFO. These 17 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PSF	Cohen & Steers Select Preferred and Income Fund	Preferred Stock/Convertible Bonds	11	1.04%	—	—	HPF vs PSF
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	Preferred Stock/Convertible Bonds	78	1.82%	—	May 2010	HPF vs CPXIX
PFO	Flaherty & Crumrine Preferred and Income Opportuni...	Preferred Stock/Convertible Bonds	14	0.32%	—	Feb 1992	HPF vs PFO
PFD	Flaherty & Crumrine Preferred Income Fund	Preferred Stock/Convertible Bonds	20	0.08%	—	Jan 1991	HPF vs PFD
LBFFX	Lord Abbett Convertible Fund Class F	Preferred Stock/Convertible Bonds	82	21.32%	—	—	HPF vs LBFFX
NPFD	Nuveen Variable Rate Preferred & Income Fund	Preferred Stock/Convertible Bonds	11	1.89%	—	Dec 2021	HPF vs NPFD
NCV	Virtus Convertible and Income Fund	Preferred Stock/Convertible Bonds	82	20.10%	—	Mar 2003	HPF vs NCV
PTA	Cohen & Steers Tax-Advantaged Preferred Securities...	Preferred Stock/Convertible Bonds	6	2.50%	—	—	HPF vs PTA
PFINX	PIMCO Preferred and Capital Securities Fund	Preferred Stock/Convertible Bonds	72	2.12%	—	Apr 2015	HPF vs PFINX
JCCIX	John Hancock Small Cap Core Fund	Small Cap Blend Equities	50	23.06%	—	Dec 2013	HPF vs JCCIX
FTCVX	Fidelity Advisor Convertible Securities Fund Class...	Preferred Stock/Convertible Bonds	85	23.49%	—	Feb 2009	HPF vs FTCVX
JFCIX	John Hancock Funds Fundamental All Cap Core Fund	Large Cap Blend Equities	6	-2.60%	—	Jun 2011	HPF vs JFCIX
JEEIX	JHancock Infrastructure Fund	Energy Equities	58	10.43%	—	Dec 2013	HPF vs JEEIX
FPEIX	First Trust Preferred Securities and Income Fund	Preferred Stock/Convertible Bonds	65	-0.04%	—	Jan 2011	HPF vs FPEIX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	74	0.60%	—	Dec 2006	HPF vs NPSRX
JIBCX	John Hancock Funds II Blue Chip Growth Fund	Large Cap Growth Equities	5	0.46%	—	Oct 2005	HPF vs JIBCX
PGX	Invesco Preferred ETF	Preferred Stock/Convertible Bonds	19	-0.64%	3.87B	Jan 2008	HPF vs PGX

Compare HPF with Any Fund or Stock

Compare HPF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair HPF with funds that move differently

John Hancock Preferred Income Fund II alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HPF.

Explore HPF Diversifiers

John Hancock Preferred Income Fund II (HPF) Alternatives