John Hancock Preferred Income Fund (HPI) Alternatives

John Hancock Preferred Income Fund (HPI) 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 HPI. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to HPI

HPI charges 0.01% annually. Among mutual funds in the Preferred Stock/Convertible Bonds category, these options have the lowest expense ratios among HPI alternatives.

Symbol	Name	Expense Ratio	Inception
HPS	John Hancock Preferred Income Fund III	0.01%	Jun 19, 2003	HPI vs HPS
HPF	John Hancock Preferred Income Fund II	0.01%	Jan 1, 2005	HPI vs HPF
JPC	Nuveen Preferred and Income Opportunities Fund	0.01%	Mar 26, 2003	HPI vs JPC
LDP	Cohen and Steers Limited Duration Preferred and In...	0.01%	May 1, 2012	HPI vs LDP
FPF	First Trust Intermediate Duration Preferred and In...	0.02%	Apr 1, 2009	HPI vs FPF

Best Risk-Adjusted Alternatives to HPI

Among mutual funds in the Preferred Stock/Convertible Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
LBFFX	Lord Abbett Convertible Fund Class F	90	—	HPI vs LBFFX
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	90	Nov 29, 2015	HPI vs LPXZX
NPSRX	Nuveen Preferred Securities & Income Fund	90	Dec 18, 2006	HPI vs NPSRX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	89	Feb 28, 2019	HPI vs PISHX
PCSFX	Principal Capital Securities Fund	88	Mar 13, 2014	HPI vs PCSFX

Top Performing HPI Alternatives (YTD)

HPI alternatives from the Preferred Stock/Convertible Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
LBFFX	Lord Abbett Convertible Fund Class F	1.71%	—	HPI vs LBFFX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	1.40%	Oct 2, 2018	HPI vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	1.37%	Feb 19, 2009	HPI vs FICVX
FCVSX	Fidelity Convertible Securities Fund	1.37%	Jan 5, 1987	HPI vs FCVSX
FACVX	Fidelity Advisor Convertible Securities Fund Class...	1.33%	Feb 19, 2009	HPI vs FACVX

Lowest Volatility Alternatives to HPI

HPI alternatives from the Preferred Stock/Convertible Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	2.23%	Nov 29, 2015	HPI vs LPXZX
PCSFX	Principal Capital Securities Fund	2.66%	Mar 13, 2014	HPI vs PCSFX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.80%	Apr 11, 2011	HPI vs DPIIX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	2.86%	Apr 30, 2002	HPI vs PPSIX
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	3.16%	May 2, 2010	HPI vs CPXIX

Lowest Drawdown Alternatives to HPI

HPI alternatives from the Preferred Stock/Convertible Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	-2.14%	Nov 29, 2015	HPI vs LPXZX
PCSFX	Principal Capital Securities Fund	-2.97%	Mar 13, 2014	HPI vs PCSFX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	-3.05%	Apr 11, 2011	HPI vs DPIIX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	-3.18%	Apr 30, 2002	HPI vs PPSIX
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	-3.26%	May 2, 2010	HPI vs CPXIX

Other Mutual Funds from John Hancock

Most popular John Hancock mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
SVBAX	John Hancock Balanced Fund	Diversified Portfolio	79	-2.58%	Oct 4, 1992	HPI vs SVBAX
JVMIX	John Hancock Funds Disciplined Value Mid Cap Fund ...	Mid Cap Value Equities	34	-0.62%	Jun 2, 1997	HPI vs JVMIX
JAAAX	John Hancock Funds Alternative Asset Allocation Fu...	Multistrategy	83	2.10%	Jan 1, 2009	HPI vs JAAAX
JFIVX	John Hancock Variable Insurance Trust 500 Index Tr...	Large Cap Blend Equities	42	-7.14%	Nov 4, 2012	HPI vs JFIVX
JVLIX	John Hancock Funds Disciplined Value Fund	Large Cap Value Equities	61	-0.65%	Jan 2, 1997	HPI vs JVLIX
PDT	John Hancock Premium Dividend Fund	Dividend	27	5.12%	Dec 14, 1989	HPI vs PDT
JHNBX	John Hancock Bond Fund	Intermediate Core-Plus Bond	49	-0.87%	Nov 9, 1973	HPI vs JHNBX
TAGRX	John Hancock Fundamental Large Cap Core Fund	Large Cap Blend Equities	11	-10.79%	Oct 1, 1984	HPI vs TAGRX
JCCIX	John Hancock Small Cap Core Fund	Small Cap Blend Equities	11	-2.42%	Dec 20, 2013	HPI vs JCCIX
JIBCX	John Hancock Funds II Blue Chip Growth Fund	Large Cap Growth Equities	4	-14.89%	Oct 14, 2005	HPI vs JIBCX

Often Compared With HPI

What investors most often compare with HPI, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
JPDIX	JPMorgan Preferred and Income Securities Fund	Preferred Stock/Convertible Bonds	84	-1.64%	Mar 30, 2022	HPI vs JPDIX
PSF	Cohen & Steers Select Preferred and Income Fund	Preferred Stock/Convertible Bonds	15	-2.58%	—	HPI vs PSF

Compare HPI with Any Fund or Stock

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

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John Hancock Preferred Income Fund

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