- ISIN
- US47804J7761
- Issuer
- John Hancock
- Inception Date
- Dec 14, 2021
- Region
- North America (U.S.)
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $207M
Share Price Chart
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Performance
JHPI Performance Chart
John Hancock Preferred Income ETF (JHPI) is up 1.8% since the beginning of the year. JHPI is currently trading at $23 per share.
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Returns By Period
John Hancock Preferred Income ETF (JHPI) has returned 1.81% so far this year and 7.49% over the past 12 months.
John Hancock Preferred Income ETF
- 1D
- -0.39%
- 1M
- 0.22%
- YTD
- 1.81%
- 6M
- 1.89%
- 1Y
- 7.49%
- 3Y*
- 9.19%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
JHPI Monthly Returns History
Based on dividend-adjusted daily data since Dec 15, 2021, JHPI's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jan 2023 with a return of +7.3%, while the worst month was Mar 2023 at -6.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, JHPI closed higher 53% of trading days. The best single day was Nov 10, 2022 with a return of +3.3%, while the worst single day was Mar 10, 2023 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.27% | 0.53% | -2.03% | 2.21% | 0.00% | -0.13% | 1.81% | ||||||
| 2025 | 0.81% | 0.81% | -1.11% | -1.36% | 1.76% | 1.70% | 1.13% | 1.34% | 1.52% | 0.12% | -0.11% | 0.57% | 7.37% |
| 2024 | 1.94% | 0.80% | 1.79% | -1.86% | 2.44% | 0.54% | 0.78% | 2.13% | 2.80% | -0.56% | 0.82% | -1.44% | 10.54% |
| 2023 | 7.25% | -2.08% | -5.95% | 1.14% | -0.58% | 0.57% | 1.89% | -0.15% | -1.22% | -3.16% | 6.32% | 3.77% | 7.25% |
| 2022 | -2.03% | -1.62% | 1.29% | -4.54% | 1.63% | -3.98% | 4.65% | -1.18% | -3.94% | -1.27% | 2.67% | -1.23% | -9.55% |
| 2021 | 0.88% | 0.88% |
Benchmark Metrics
John Hancock Preferred Income ETF has an annualized alpha of 1.39%, beta of 0.21, and R2 of 0.34 versus S&P 500 Index. Calculated based on daily prices since December 15, 2021.
- This ETF participated in 44.94% of S&P 500 Index downside but only 32.49% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.21 may look defensive, but with R2 of 0.34 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.34 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.39%
- Beta
- 0.21
- R²
- 0.34
- Upside Capture
- 32.49%
- Downside Capture
- 44.94%
Expense Ratio
JHPI has an expense ratio of 0.54%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JHPI ranks 64 for risk / return — better than 64% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for John Hancock Preferred Income ETF (JHPI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JHPI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.78 | -0.34 |
| Martin ratioReturn relative to average drawdown | 9.13 | 12.44 | -3.31 |
Dividends
Dividend History
John Hancock Preferred Income ETF provided a 5.79% dividend yield over the last twelve months, with an annual payout of $1.32 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.32 | $1.31 | $1.42 | $1.40 | $1.36 | $0.06 |
Dividend yield | 5.79% | 5.73% | 6.32% | 6.44% | 6.27% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for John Hancock Preferred Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.12 | $0.15 | $0.06 | $0.00 | $0.42 | ||||||
| 2025 | $0.01 | $0.08 | $0.14 | $0.10 | $0.08 | $0.15 | $0.10 | $0.07 | $0.11 | $0.14 | $0.09 | $0.23 | $1.31 |
| 2024 | $0.02 | $0.08 | $0.12 | $0.15 | $0.07 | $0.13 | $0.14 | $0.09 | $0.18 | $0.09 | $0.10 | $0.25 | $1.42 |
| 2023 | $0.01 | $0.08 | $0.17 | $0.08 | $0.10 | $0.17 | $0.10 | $0.08 | $0.17 | $0.10 | $0.08 | $0.26 | $1.40 |
| 2022 | $0.03 | $0.08 | $0.17 | $0.09 | $0.08 | $0.14 | $0.07 | $0.09 | $0.16 | $0.09 | $0.11 | $0.24 | $1.36 |
| 2021 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the John Hancock Preferred Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the John Hancock Preferred Income ETF was 13.45%, occurring on Mar 20, 2023. Recovery took 243 trading sessions.
The current John Hancock Preferred Income ETF drawdown is 0.63%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -13.45%Mar 2023 | 1y 2mo | 11mo 23d | 2y 2moJan 2022 - Mar 2024 |
2025 selloff2025 | -4.04%Apr 2025 | 5mo 1d | 2mo 10d | 7mo 11dNov 2024 - Jun 2025 |
2026 pullback2026 | -3.08%Mar 2026 | 1mo 2d | — | 4mo 23hFeb 2026 - now |
2024 pullback2024 | -2.51%Apr 2024 | 19d | 29d | 1mo 18dMar 2024 - May 2024 |
2025 pullback2025 | -1.70%Nov 2025 | 23d | 1mo 13d | 2mo 6dOct 2025 - Jan 2026 |
Drawdown Indicators
| JHPI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.45% | -56.78% | +43.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -9.10% | +6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -18.90% | +13.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.63% | -1.80% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -10.71% | +7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.03% | -1.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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