CPXIX vs. HPS
Compare and contrast key facts about Cohen & Steers Preferred Securities and Income Fund, Inc. (CPXIX) and John Hancock Preferred Income Fund III (HPS).
CPXIX is managed by Cohen & Steers. It was launched on May 2, 2010. HPS is managed by John Hancock. It was launched on Jun 19, 2003.
Performance
CPXIX vs. HPS - Performance Comparison
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CPXIX vs. HPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPXIX Cohen & Steers Preferred Securities and Income Fund, Inc. | -1.38% | 8.44% | 10.39% | 6.38% | -12.37% | 2.75% | 6.47% | 18.11% | -4.65% | 10.88% |
HPS John Hancock Preferred Income Fund III | 1.08% | 4.86% | 15.65% | 7.66% | -16.56% | 16.44% | -3.00% | 31.43% | -8.37% | 14.32% |
Returns By Period
In the year-to-date period, CPXIX achieves a -1.38% return, which is significantly lower than HPS's 1.08% return. Over the past 10 years, CPXIX has underperformed HPS with an annualized return of 4.63%, while HPS has yielded a comparatively higher 5.59% annualized return.
CPXIX
- 1D
- -0.08%
- 1M
- -2.69%
- YTD
- -1.38%
- 6M
- -0.05%
- 1Y
- 5.92%
- 3Y*
- 9.11%
- 5Y*
- 2.53%
- 10Y*
- 4.63%
HPS
- 1D
- 2.96%
- 1M
- -2.92%
- YTD
- 1.08%
- 6M
- -3.58%
- 1Y
- 3.89%
- 3Y*
- 8.40%
- 5Y*
- 3.44%
- 10Y*
- 5.59%
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CPXIX vs. HPS - Expense Ratio Comparison
CPXIX has a 0.84% expense ratio, which is higher than HPS's 0.01% expense ratio.
Return for Risk
CPXIX vs. HPS — Risk / Return Rank
CPXIX
HPS
CPXIX vs. HPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Preferred Securities and Income Fund, Inc. (CPXIX) and John Hancock Preferred Income Fund III (HPS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CPXIX | HPS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 0.31 | +1.52 |
Sortino ratioReturn per unit of downside risk | 2.28 | 0.49 | +1.79 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.07 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.35 | +1.30 |
Martin ratioReturn relative to average drawdown | 6.77 | 0.93 | +5.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPXIX | HPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 0.31 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.22 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.26 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.24 | +0.90 |
Correlation
The correlation between CPXIX and HPS is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CPXIX vs. HPS - Dividend Comparison
CPXIX's dividend yield for the trailing twelve months is around 5.26%, less than HPS's 9.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPXIX Cohen & Steers Preferred Securities and Income Fund, Inc. | 5.26% | 5.54% | 5.52% | 5.76% | 5.40% | 4.89% | 5.17% | 5.30% | 5.88% | 5.01% | 5.75% | 5.91% |
HPS John Hancock Preferred Income Fund III | 9.27% | 9.16% | 8.78% | 9.34% | 9.15% | 7.04% | 7.63% | 7.41% | 9.26% | 7.82% | 8.27% | 7.53% |
Drawdowns
CPXIX vs. HPS - Drawdown Comparison
The maximum CPXIX drawdown since its inception was -25.56%, smaller than the maximum HPS drawdown of -70.04%. Use the drawdown chart below to compare losses from any high point for CPXIX and HPS.
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Drawdown Indicators
| CPXIX | HPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.56% | -70.04% | +44.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -10.04% | +6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.00% | -29.39% | +9.39% |
Max Drawdown (10Y)Largest decline over 10 years | -25.56% | -52.12% | +26.56% |
Current DrawdownCurrent decline from peak | -3.00% | -5.69% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -8.41% | +5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 3.76% | -2.94% |
Volatility
CPXIX vs. HPS - Volatility Comparison
The current volatility for Cohen & Steers Preferred Securities and Income Fund, Inc. (CPXIX) is 1.22%, while John Hancock Preferred Income Fund III (HPS) has a volatility of 5.07%. This indicates that CPXIX experiences smaller price fluctuations and is considered to be less risky than HPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPXIX | HPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 5.07% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 7.61% | -5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 12.67% | -9.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 15.68% | -11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 21.46% | -15.31% |