John Hancock Preferred Income Fund III (HPS) Alternatives

John Hancock Preferred Income Fund III (HPS) 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 HPS. 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 HPS

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

Symbol	Name	Expense Ratio	Inception
HPF	John Hancock Preferred Income Fund II	0.01%	Jan 1, 2005	HPS vs HPF
HPI	John Hancock Preferred Income Fund	0.01%	Aug 27, 2002	HPS vs HPI
JPC	Nuveen Preferred and Income Opportunities Fund	0.01%	Mar 26, 2003	HPS vs JPC
LDP	Cohen and Steers Limited Duration Preferred and In...	0.01%	May 1, 2012	HPS vs LDP
FPF	First Trust Intermediate Duration Preferred and In...	0.02%	Apr 1, 2009	HPS vs FPF

Best Risk-Adjusted Alternatives to HPS

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	—	HPS vs LBFFX
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	90	Nov 29, 2015	HPS vs LPXZX
NPSRX	Nuveen Preferred Securities & Income Fund	90	Dec 18, 2006	HPS vs NPSRX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	89	Feb 28, 2019	HPS vs PISHX
PCSFX	Principal Capital Securities Fund	88	Mar 13, 2014	HPS vs PCSFX

Top Performing HPS Alternatives (YTD)

HPS 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%	—	HPS vs LBFFX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	1.40%	Oct 2, 2018	HPS vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	1.37%	Feb 19, 2009	HPS vs FICVX
FCVSX	Fidelity Convertible Securities Fund	1.37%	Jan 5, 1987	HPS vs FCVSX
FACVX	Fidelity Advisor Convertible Securities Fund Class...	1.33%	Feb 19, 2009	HPS vs FACVX

Lowest Volatility Alternatives to HPS

HPS 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	HPS vs LPXZX
PCSFX	Principal Capital Securities Fund	2.66%	Mar 13, 2014	HPS vs PCSFX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.80%	Apr 11, 2011	HPS vs DPIIX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	2.86%	Apr 30, 2002	HPS vs PPSIX
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	3.16%	May 2, 2010	HPS vs CPXIX

Lowest Drawdown Alternatives to HPS

HPS 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	HPS vs LPXZX
PCSFX	Principal Capital Securities Fund	-2.97%	Mar 13, 2014	HPS vs PCSFX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	-3.05%	Apr 11, 2011	HPS vs DPIIX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	-3.18%	Apr 30, 2002	HPS vs PPSIX
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	-3.26%	May 2, 2010	HPS 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	HPS vs SVBAX
JVMIX	John Hancock Funds Disciplined Value Mid Cap Fund ...	Mid Cap Value Equities	34	-0.62%	Jun 2, 1997	HPS vs JVMIX
JAAAX	John Hancock Funds Alternative Asset Allocation Fu...	Multistrategy	83	2.10%	Jan 1, 2009	HPS vs JAAAX
JFIVX	John Hancock Variable Insurance Trust 500 Index Tr...	Large Cap Blend Equities	42	-7.14%	Nov 4, 2012	HPS vs JFIVX
JVLIX	John Hancock Funds Disciplined Value Fund	Large Cap Value Equities	61	-0.65%	Jan 2, 1997	HPS vs JVLIX
PDT	John Hancock Premium Dividend Fund	Dividend	27	5.12%	Dec 14, 1989	HPS vs PDT
JHNBX	John Hancock Bond Fund	Intermediate Core-Plus Bond	49	-0.87%	Nov 9, 1973	HPS vs JHNBX
TAGRX	John Hancock Fundamental Large Cap Core Fund	Large Cap Blend Equities	11	-10.79%	Oct 1, 1984	HPS vs TAGRX
JCCIX	John Hancock Small Cap Core Fund	Small Cap Blend Equities	11	-2.42%	Dec 20, 2013	HPS vs JCCIX
JIBCX	John Hancock Funds II Blue Chip Growth Fund	Large Cap Growth Equities	4	-14.89%	Oct 14, 2005	HPS vs JIBCX

Often Compared With HPS

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock/Convertible Bonds, Actively Managed	30	-3.22%	May 15, 2018	HPS vs PFFA
JPDIX	JPMorgan Preferred and Income Securities Fund	Preferred Stock/Convertible Bonds	84	-1.64%	Mar 30, 2022	HPS vs JPDIX
PSF	Cohen & Steers Select Preferred and Income Fund	Preferred Stock/Convertible Bonds	15	-2.58%	—	HPS vs PSF

Compare HPS with Any Fund or Stock

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

Symbol name

John Hancock Preferred Income Fund III

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