HPS Alternatives & Similar Mutual Funds

John Hancock Preferred Income Fund III (HPS) belongs to the Preferred Stock 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 a closer substitute for your current allocation.

Cheapest Alternatives to HPS

HPS charges 0.01% annually. No mutual funds in the Preferred Stock 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	HPS vs HPF
HPI	John Hancock Preferred Income Fund	0.01%	—	Aug 2002	HPS vs HPI
JPC	Nuveen Preferred and Income Opportunities Fund	0.01%	—	Mar 2003	HPS vs JPC
LDP	Cohen and Steers Limited Duration Preferred and In...	0.01%	—	May 2012	HPS vs LDP
FPF	First Trust Intermediate Duration Preferred and In...	0.02%	—	Apr 2009	HPS vs FPF

Best Risk-Adjusted Alternatives to HPS

HPS has a PortfoliosLab risk / return rank of 21. There are 14 mutual funds in the Preferred Stock category with higher risk-adjusted ranks, going as high as 82.

Symbol	Name	Risk / Return Rank	AUM	Inception
JPDIX	JPMorgan Preferred and Income Securities Fund	82	—	Mar 2022	HPS vs JPDIX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	82	—	Apr 2011	HPS vs DPIIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	77	—	Feb 2019	HPS vs PISHX
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	76	—	Nov 2015	HPS vs LPXZX
PCSFX	Principal Capital Securities Fund	74	—	Mar 2014	HPS vs PCSFX

Top Performing HPS Alternatives (YTD)

HPS is at 4.27% YTD. No mutual funds in the Preferred Stock category have higher YTD returns; the top-performing alternatives shown here go as high as 4.26%.

Symbol	Name	YTD Return	AUM	Inception
HPF	John Hancock Preferred Income Fund II	4.26%	—	Jan 2005	HPS vs HPF
KIFAX	Salient Select Income Fund	4.19%	—	Mar 2001	HPS vs KIFAX
HPI	John Hancock Preferred Income Fund	4.06%	—	Aug 2002	HPS vs HPI
PTA	Cohen & Steers Tax-Advantaged Preferred Securities...	2.51%	—	—	HPS vs PTA
PISHX	Cohen & Steers Preferred Securities and Income SMA...	1.85%	—	Feb 2019	HPS vs PISHX

Lowest Volatility Alternatives to HPS

HPS has 9.42% 1-year volatility. There are 18 mutual funds in the Preferred Stock category with lower 1-year volatility, going as low as 1.94%.

Symbol	Name	Volatility 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	1.94%	—	Nov 2015	HPS vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.13%	—	Apr 2011	HPS vs DPIIX
PCSFX	Principal Capital Securities Fund	2.18%	—	Mar 2014	HPS vs PCSFX
ORDNX	North Square Preferred and Income Securities Fund	2.30%	—	Jun 2013	HPS vs ORDNX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.46%	—	Feb 2019	HPS vs PISHX

Lowest Drawdown Alternatives to HPS

HPS has a 1-year max drawdown of -7.61%. There are 15 mutual funds in the Preferred Stock 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	HPS vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	-2.39%	—	Apr 2011	HPS vs DPIIX
ORDNX	North Square Preferred and Income Securities Fund	-2.66%	—	Jun 2013	HPS vs ORDNX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	-2.83%	—	Feb 2019	HPS vs PISHX
JPDIX	JPMorgan Preferred and Income Securities Fund	-2.92%	—	Mar 2022	HPS vs JPDIX

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	10.52%	—	Oct 1992	HPS vs SVBAX
JAAAX	John Hancock Funds Alternative Asset Allocation Fu...	Multistrategy	96	6.61%	—	Jan 2009	HPS vs JAAAX
JVMIX	John Hancock Funds Disciplined Value Mid Cap Fund ...	Mid Cap Value Equities	47	14.27%	—	Jun 1997	HPS vs JVMIX
JFIVX	John Hancock Variable Insurance Trust 500 Index Tr...	Large Cap Blend Equities	57	9.92%	—	Nov 2012	HPS vs JFIVX
PDT	John Hancock Premium Dividend Fund	Dividend	12	6.22%	—	Dec 1989	HPS vs PDT
JVLIX	John Hancock Funds Disciplined Value Fund	Large Cap Value Equities	88	18.28%	—	Jan 1997	HPS vs JVLIX
JIJIX	John Hancock International Dynamic Growth Fund	Foreign Large Cap Equities	23	12.83%	—	May 2019	HPS vs JIJIX
JHNBX	John Hancock Bond Fund	Intermediate Core-Plus Bond	15	-0.97%	—	Nov 1973	HPS vs JHNBX
HTD	John Hancock Tax-Advantaged Dividend Income Fund	Dividend	43	13.64%	—	Feb 2004	HPS vs HTD
TAGRX	John Hancock Fundamental Large Cap Core Fund	Large Cap Blend Equities	19	3.69%	—	Oct 1984	HPS vs TAGRX

Often Compared With HPS

Investors most often compare HPS with PFD, PFFA, PPSIX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PFD	Flaherty & Crumrine Preferred Income Fund	Preferred Stock	19	-0.19%	—	Jan 1991	HPS vs PFD
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock	33	1.89%	2.45B	May 2018	HPS vs PFFA
PPSIX	Principal Spectrum Preferred and Capital Securitie...	Preferred Stock	48	0.64%	—	Apr 2002	HPS vs PPSIX
LBFFX	Lord Abbett Convertible Fund Class F	Convertible Bonds	42	11.78%	—	—	HPS vs LBFFX
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	Preferred Stock	73	1.70%	—	May 2010	HPS vs CPXIX
FACVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	45	13.96%	—	Feb 2009	HPS vs FACVX
NPFD	Nuveen Variable Rate Preferred & Income Fund	Preferred Stock	9	1.41%	—	Dec 2021	HPS vs NPFD
PFO	Flaherty & Crumrine Preferred and Income Opportuni...	Preferred Stock	18	0.94%	—	Feb 1992	HPS vs PFO
NCV	Virtus Convertible and Income Fund	Convertible Bonds	79	18.31%	—	Mar 2003	HPS vs NCV
PSF	Cohen & Steers Select Preferred and Income Fund	Preferred Stock	7	0.45%	—	—	HPS vs PSF
JCCIX	John Hancock Small Cap Core Fund	Small Cap Blend Equities	67	23.99%	—	Dec 2013	HPS vs JCCIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	46	14.12%	—	Oct 2018	HPS vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	46	14.07%	—	Feb 2009	HPS vs FICVX
FTCVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	43	13.75%	—	Feb 2009	HPS vs FTCVX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock	69	0.93%	—	Dec 2006	HPS vs NPSRX
PFINX	PIMCO Preferred and Capital Securities Fund	Preferred Stock	65	1.81%	—	Apr 2015	HPS vs PFINX
JFCIX	John Hancock Funds Fundamental All Cap Core Fund	Large Cap Blend Equities	12	3.37%	—	Jun 2011	HPS vs JFCIX
CCVIX	Calamos Convertible Fund	Convertible Bonds	66	17.66%	—	Jun 1985	HPS vs CCVIX
CICVX	Calamos Convertible Fund	Convertible Bonds	67	17.82%	—	Jun 1997	HPS vs CICVX
JIBCX	John Hancock Funds II Blue Chip Growth Fund	Large Cap Growth Equities	2	-1.59%	—	Oct 2005	HPS vs JIBCX

Compare HPS with Any Fund or Stock

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

Symbol name

Diversifiers

Pair HPS with funds that move differently

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

Explore HPS Diversifiers

John Hancock Preferred Income Fund III (HPS) Alternatives