FPF vs. HPI
Compare and contrast key facts about First Trust Intermediate Duration Preferred and Income Fund (FPF) and John Hancock Preferred Income Fund (HPI).
FPF is managed by First Trust. It was launched on Apr 1, 2009. HPI is managed by John Hancock. It was launched on Aug 27, 2002.
Performance
FPF vs. HPI - Performance Comparison
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FPF vs. HPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPF First Trust Intermediate Duration Preferred and Income Fund | -4.04% | 13.14% | 20.90% | 5.31% | -25.83% | 9.12% | 9.67% | 28.24% | -11.97% | 15.99% |
HPI John Hancock Preferred Income Fund | -1.60% | 6.54% | 14.95% | 8.34% | -15.79% | 13.16% | -7.02% | 30.89% | -4.79% | 13.78% |
Returns By Period
In the year-to-date period, FPF achieves a -4.04% return, which is significantly lower than HPI's -1.60% return. Over the past 10 years, FPF has outperformed HPI with an annualized return of 5.68%, while HPI has yielded a comparatively lower 5.12% annualized return.
FPF
- 1D
- 2.38%
- 1M
- -7.17%
- YTD
- -4.04%
- 6M
- -3.83%
- 1Y
- 4.72%
- 3Y*
- 13.45%
- 5Y*
- 1.98%
- 10Y*
- 5.68%
HPI
- 1D
- 2.48%
- 1M
- -1.92%
- YTD
- -1.60%
- 6M
- -5.45%
- 1Y
- 3.58%
- 3Y*
- 8.87%
- 5Y*
- 3.10%
- 10Y*
- 5.12%
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FPF vs. HPI - Expense Ratio Comparison
FPF has a 0.02% expense ratio, which is higher than HPI's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FPF vs. HPI — Risk / Return Rank
FPF
HPI
FPF vs. HPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Intermediate Duration Preferred and Income Fund (FPF) and John Hancock Preferred Income Fund (HPI). 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.
| FPF | HPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 0.29 | +0.11 |
Sortino ratioReturn per unit of downside risk | 0.56 | 0.44 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.33 | +0.11 |
Martin ratioReturn relative to average drawdown | 1.35 | 0.91 | +0.44 |
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
| FPF | HPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.29 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.20 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.21 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.25 | -0.01 |
Correlation
The correlation between FPF and HPI is 0.43, 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
FPF vs. HPI - Dividend Comparison
FPF's dividend yield for the trailing twelve months is around 9.36%, which matches HPI's 9.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPF First Trust Intermediate Duration Preferred and Income Fund | 9.36% | 8.85% | 9.17% | 8.31% | 8.62% | 6.75% | 6.55% | 7.08% | 8.79% | 7.63% | 9.31% | 9.16% |
HPI John Hancock Preferred Income Fund | 9.45% | 9.15% | 8.91% | 9.39% | 9.23% | 7.14% | 7.53% | 7.69% | 8.92% | 7.84% | 8.26% | 7.69% |
Drawdowns
FPF vs. HPI - Drawdown Comparison
The maximum FPF drawdown since its inception was -53.78%, smaller than the maximum HPI drawdown of -67.67%. Use the drawdown chart below to compare losses from any high point for FPF and HPI.
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Drawdown Indicators
| FPF | HPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -67.67% | +13.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -10.02% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -37.06% | -30.10% | -6.96% |
Max Drawdown (10Y)Largest decline over 10 years | -53.78% | -57.99% | +4.21% |
Current DrawdownCurrent decline from peak | -7.99% | -7.10% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -8.49% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 3.68% | -0.35% |
Volatility
FPF vs. HPI - Volatility Comparison
First Trust Intermediate Duration Preferred and Income Fund (FPF) and John Hancock Preferred Income Fund (HPI) have volatilities of 5.15% and 5.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPF | HPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 5.36% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.68% | 6.81% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 12.50% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 15.82% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.00% | 24.32% | +0.68% |