HPI Alternatives & Similar Mutual Funds

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 a closer substitute for your current allocation.

Cheapest Alternatives to HPI

HPI 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
HPF	John Hancock Preferred Income Fund II	0.01%	—	Jan 2005	HPI vs HPF
HPS	John Hancock Preferred Income Fund III	0.01%	—	Jun 2003	HPI vs HPS
JPC	Nuveen Preferred and Income Opportunities Fund	0.01%	—	Mar 2003	HPI vs JPC
LDP	Cohen and Steers Limited Duration Preferred and In...	0.01%	—	May 2012	HPI vs LDP
FPF	First Trust Intermediate Duration Preferred and In...	0.02%	—	Apr 2009	HPI vs FPF

Best Risk-Adjusted Alternatives to HPI

HPI has a PortfoliosLab risk / return rank of 24. There are 23 mutual funds in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 88.

Symbol	Name	Risk / Return Rank	AUM	Inception
PISHX	Cohen & Steers Preferred Securities and Income SMA...	88	—	Feb 2019	HPI vs PISHX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	86	—	Apr 2011	HPI vs DPIIX
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	86	—	Nov 2015	HPI vs LPXZX
CICVX	Calamos Convertible Fund	84	—	Jun 1997	HPI vs CICVX
CCVIX	Calamos Convertible Fund	83	—	Jun 1985	HPI vs CCVIX

Top Performing HPI Alternatives (YTD)

HPI is at 4.45% YTD. There are 13 mutual funds in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 22.46%.

Symbol	Name	YTD Return	AUM	Inception
CICVX	Calamos Convertible Fund	22.46%	—	Jun 1997	HPI vs CICVX
CCVIX	Calamos Convertible Fund	22.30%	—	Jun 1985	HPI vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	18.62%	—	Oct 2018	HPI vs FIQVX
FCVSX	Fidelity Convertible Securities Fund	18.58%	—	Jan 1987	HPI vs FCVSX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	18.57%	—	Feb 2009	HPI vs FICVX

Lowest Volatility Alternatives to HPI

HPI has 9.00% 1-year volatility. There are 17 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	HPI vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.12%	—	Apr 2011	HPI vs DPIIX
PCSFX	Principal Capital Securities Fund	2.14%	—	Mar 2014	HPI vs PCSFX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.40%	—	Feb 2019	HPI vs PISHX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	2.41%	—	Apr 2002	HPI vs PPSIX

Lowest Drawdown Alternatives to HPI

HPI has a 1-year max drawdown of -9.12%. There are 25 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	HPI vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	-2.39%	—	Apr 2011	HPI vs DPIIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	-2.83%	—	Feb 2019	HPI vs PISHX
JPDIX	JPMorgan Preferred and Income Securities Fund	-2.92%	—	Mar 2022	HPI vs JPDIX
PCSFX	Principal Capital Securities Fund	-2.97%	—	Mar 2014	HPI 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	87	10.24%	—	Oct 1992	HPI vs SVBAX
JAAAX	John Hancock Funds Alternative Asset Allocation Fu...	Multistrategy	94	5.95%	—	Jan 2009	HPI vs JAAAX
JVMIX	John Hancock Funds Disciplined Value Mid Cap Fund ...	Mid Cap Value Equities	29	11.79%	—	Jun 1997	HPI vs JVMIX
JFIVX	John Hancock Variable Insurance Trust 500 Index Tr...	Large Cap Blend Equities	64	11.16%	—	Nov 2012	HPI vs JFIVX
PDT	John Hancock Premium Dividend Fund	Dividend	11	6.30%	—	Dec 1989	HPI vs PDT
JVLIX	John Hancock Funds Disciplined Value Fund	Large Cap Value Equities	85	18.73%	—	Jan 1997	HPI vs JVLIX
JHNBX	John Hancock Bond Fund	Intermediate Core-Plus Bond	21	0.08%	—	Nov 1973	HPI vs JHNBX
JIJIX	John Hancock International Dynamic Growth Fund	Foreign Large Cap Equities	34	21.09%	—	May 2019	HPI vs JIJIX
HTD	John Hancock Tax-Advantaged Dividend Income Fund	Dividend	47	14.21%	—	Feb 2004	HPI vs HTD
TAGRX	John Hancock Fundamental Large Cap Core Fund	Large Cap Blend Equities	13	3.03%	—	Oct 1984	HPI vs TAGRX

Often Compared With HPI

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PTA	Cohen & Steers Tax-Advantaged Preferred Securities...	Preferred Stock/Convertible Bonds	9	4.39%	—	—	HPI vs PTA
PSF	Cohen & Steers Select Preferred and Income Fund	Preferred Stock/Convertible Bonds	14	2.63%	—	—	HPI vs PSF
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	Preferred Stock/Convertible Bonds	79	2.17%	—	May 2010	HPI vs CPXIX
PFD	Flaherty & Crumrine Preferred Income Fund	Preferred Stock/Convertible Bonds	18	0.52%	—	Jan 1991	HPI vs PFD
PFINX	PIMCO Preferred and Capital Securities Fund	Preferred Stock/Convertible Bonds	73	2.44%	—	Apr 2015	HPI vs PFINX
NCV	Virtus Convertible and Income Fund	Preferred Stock/Convertible Bonds	74	17.61%	—	Mar 2003	HPI vs NCV
NPFD	Nuveen Variable Rate Preferred & Income Fund	Preferred Stock/Convertible Bonds	14	3.71%	—	Dec 2021	HPI vs NPFD
PFO	Flaherty & Crumrine Preferred and Income Opportuni...	Preferred Stock/Convertible Bonds	17	0.87%	—	Feb 1992	HPI vs PFO
FACVX	Fidelity Advisor Convertible Securities Fund Class...	Preferred Stock/Convertible Bonds	73	18.44%	—	Feb 2009	HPI vs FACVX
LBFFX	Lord Abbett Convertible Fund Class F	Preferred Stock/Convertible Bonds	71	16.23%	—	—	HPI vs LBFFX
FTCVX	Fidelity Advisor Convertible Securities Fund Class...	Preferred Stock/Convertible Bonds	72	18.25%	—	Feb 2009	HPI vs FTCVX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	73	1.04%	—	Dec 2006	HPI vs NPSRX
JEEIX	JHancock Infrastructure Fund	Energy Equities	75	12.48%	—	Dec 2013	HPI vs JEEIX
JCCIX	John Hancock Small Cap Core Fund	Small Cap Blend Equities	50	25.36%	—	Dec 2013	HPI vs JCCIX
JIBCX	John Hancock Funds II Blue Chip Growth Fund	Large Cap Growth Equities	4	1.76%	—	Oct 2005	HPI vs JIBCX
JFCIX	John Hancock Funds Fundamental All Cap Core Fund	Large Cap Blend Equities	7	1.69%	—	Jun 2011	HPI vs JFCIX
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock/Convertible Bonds	34	1.63%	2.45B	May 2018	HPI vs PFFA

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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Diversifiers

Pair HPI with funds that move differently

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

Explore HPI Diversifiers

John Hancock Preferred Income Fund (HPI) Alternatives