GPRF vs. JHPI

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) and John Hancock Preferred Income ETF (JHPI).

GPRF and JHPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GPRF is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs US Preferred Stock and Hybrids Index. It was launched on Jul 30, 2024. JHPI is an actively managed fund by John Hancock. It was launched on Dec 14, 2021.

Performance

GPRF vs. JHPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) and John Hancock Preferred Income ETF (JHPI). The values are adjusted to include any dividend payments, if applicable.

GPRF vs. JHPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF	-0.71%	6.17%	2.34%
JHPI John Hancock Preferred Income ETF	-0.26%	7.37%	3.51%

Returns By Period

In the year-to-date period, GPRF achieves a -0.71% return, which is significantly lower than JHPI's -0.26% return.

GPRF

• 1D: 0.23%
• 1M: -2.45%
• YTD: -0.71%
• 6M: -0.58%
• 1Y: 4.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JHPI

• 1D: 0.27%
• 1M: -2.03%
• YTD: -0.26%
• 6M: 0.31%
• 1Y: 6.56%
• 3Y*: 8.73%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GPRF vs. JHPI - Expense Ratio Comparison

GPRF has a 0.45% expense ratio, which is lower than JHPI's 0.54% expense ratio.

JHPI

John Hancock Preferred Income ETF

GPRF

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

Return for Risk

GPRF vs. JHPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPRF

GPRF Risk / Return Rank: 57
GPRF Sharpe Ratio Rank: 66
GPRF Sortino Ratio Rank: 62
GPRF Omega Ratio Rank: 64
GPRF Calmar Ratio Rank: 41
GPRF Martin Ratio Rank: 50

JHPI

JHPI Risk / Return Rank: 79
JHPI Sharpe Ratio Rank: 84
JHPI Sortino Ratio Rank: 83
JHPI Omega Ratio Rank: 84
JHPI Calmar Ratio Rank: 77
JHPI Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPRF vs. JHPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) and John Hancock Preferred Income ETF (JHPI). 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.

	GPRF	JHPI	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.67	-0.48
Sortino ratio Return per unit of downside risk	1.64	2.21	-0.57
Omega ratio Gain probability vs. loss probability	1.24	1.33	-0.09
Calmar ratio Return relative to maximum drawdown	1.08	2.09	-1.00
Martin ratio Return relative to average drawdown	4.94	6.90	-1.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPRF vs. JHPI - Sharpe Ratio Comparison

The current GPRF Sharpe Ratio is 1.19, which is comparable to the JHPI Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of GPRF and JHPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GPRF	JHPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.67	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.54	+0.63

Correlation

The correlation between GPRF and JHPI is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GPRF vs. JHPI - Dividend Comparison

GPRF's dividend yield for the trailing twelve months is around 5.53%, less than JHPI's 5.66% yield.

	TTM	2025	2024	2023	2022	2021
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF	5.53%	5.38%	2.10%	0.00%	0.00%	0.00%
JHPI John Hancock Preferred Income ETF	5.66%	5.73%	6.32%	6.44%	6.27%	0.24%

Drawdowns

GPRF vs. JHPI - Drawdown Comparison

The maximum GPRF drawdown since its inception was -4.36%, smaller than the maximum JHPI drawdown of -13.45%. Use the drawdown chart below to compare losses from any high point for GPRF and JHPI.

Drawdown Indicators

	GPRF	JHPI	Difference
Max Drawdown Largest peak-to-trough decline	-4.36%	-13.45%	+9.09%
Max Drawdown (1Y) Largest decline over 1 year	-4.20%	-3.08%	-1.12%
Current Drawdown Current decline from peak	-2.78%	-2.64%	-0.14%
Average Drawdown Average peak-to-trough decline	-0.88%	-3.87%	+2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.93%	-0.01%

Volatility

GPRF vs. JHPI - Volatility Comparison

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) has a higher volatility of 2.34% compared to John Hancock Preferred Income ETF (JHPI) at 1.51%. This indicates that GPRF's price experiences larger fluctuations and is considered to be riskier than JHPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPRF	JHPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	1.51%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	3.11%	2.54%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	3.96%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.03%	6.39%	-2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.03%	6.39%	-2.36%