DPIIX vs. HPS
Compare and contrast key facts about Destra Flaherty & Crumrine Preferred and Income Fund (DPIIX) and John Hancock Preferred Income Fund III (HPS).
DPIIX is managed by Destra. It was launched on Apr 11, 2011. HPS is managed by John Hancock. It was launched on Jun 19, 2003.
Performance
DPIIX vs. HPS - Performance Comparison
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DPIIX vs. HPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DPIIX Destra Flaherty & Crumrine Preferred and Income Fund | -1.05% | 7.85% | 11.39% | 5.94% | -13.68% | 4.89% | 5.82% | 18.60% | -5.62% | 11.88% |
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, DPIIX achieves a -1.05% return, which is significantly lower than HPS's 1.08% return. Over the past 10 years, DPIIX has underperformed HPS with an annualized return of 4.71%, while HPS has yielded a comparatively higher 5.59% annualized return.
DPIIX
- 1D
- 0.02%
- 1M
- -1.90%
- YTD
- -1.05%
- 6M
- 0.23%
- 1Y
- 6.00%
- 3Y*
- 8.75%
- 5Y*
- 2.54%
- 10Y*
- 4.71%
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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DPIIX vs. HPS - Expense Ratio Comparison
DPIIX has a 1.20% expense ratio, which is higher than HPS's 0.01% expense ratio.
Return for Risk
DPIIX vs. HPS — Risk / Return Rank
DPIIX
HPS
DPIIX vs. HPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Destra Flaherty & Crumrine Preferred and Income Fund (DPIIX) 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.
| DPIIX | HPS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.07 | 0.31 | +1.76 |
Sortino ratioReturn per unit of downside risk | 2.63 | 0.49 | +2.14 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.07 | +0.41 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.35 | +1.48 |
Martin ratioReturn relative to average drawdown | 7.73 | 0.93 | +6.81 |
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
| DPIIX | HPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 0.31 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.22 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.26 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.24 | +0.52 |
Correlation
The correlation between DPIIX and HPS is 0.45, 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
DPIIX vs. HPS - Dividend Comparison
DPIIX's dividend yield for the trailing twelve months is around 5.55%, less than HPS's 9.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPIIX Destra Flaherty & Crumrine Preferred and Income Fund | 5.55% | 5.03% | 3.98% | 5.17% | 4.89% | 3.87% | 4.55% | 4.81% | 6.27% | 4.92% | 4.68% | 4.52% |
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
DPIIX vs. HPS - Drawdown Comparison
The maximum DPIIX drawdown since its inception was -29.92%, smaller than the maximum HPS drawdown of -70.04%. Use the drawdown chart below to compare losses from any high point for DPIIX and HPS.
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Drawdown Indicators
| DPIIX | HPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.92% | -70.04% | +40.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -10.04% | +6.99% |
Max Drawdown (5Y)Largest decline over 5 years | -19.76% | -29.39% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | -29.92% | -52.12% | +22.20% |
Current DrawdownCurrent decline from peak | -2.37% | -5.69% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -8.41% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 3.76% | -3.03% |
Volatility
DPIIX vs. HPS - Volatility Comparison
The current volatility for Destra Flaherty & Crumrine Preferred and Income Fund (DPIIX) is 0.94%, while John Hancock Preferred Income Fund III (HPS) has a volatility of 5.07%. This indicates that DPIIX 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
| DPIIX | HPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 5.07% | -4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 7.61% | -6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.80% | 12.67% | -9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 15.68% | -10.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.81% | 21.46% | -13.65% |