HPF vs. HPI
Compare and contrast key facts about John Hancock Preferred Income Fund II (HPF) and John Hancock Preferred Income Fund (HPI).
HPF is managed by John Hancock. It was launched on Jan 1, 2005. HPI is managed by John Hancock. It was launched on Aug 27, 2002.
Performance
HPF vs. HPI - Performance Comparison
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HPF vs. HPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HPF John Hancock Preferred Income Fund II | -0.59% | 6.34% | 14.41% | 10.78% | -18.44% | 17.90% | -7.67% | 27.95% | -5.38% | 14.74% |
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, HPF achieves a -0.59% return, which is significantly higher than HPI's -1.60% return. Over the past 10 years, HPF has outperformed HPI with an annualized return of 5.46%, while HPI has yielded a comparatively lower 5.12% annualized return.
HPF
- 1D
- 3.17%
- 1M
- -2.59%
- YTD
- -0.59%
- 6M
- -3.05%
- 1Y
- 2.97%
- 3Y*
- 9.81%
- 5Y*
- 2.71%
- 10Y*
- 5.46%
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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HPF vs. HPI - Expense Ratio Comparison
Both HPF and HPI have an expense ratio of 0.01%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
HPF vs. HPI — Risk / Return Rank
HPF
HPI
HPF vs. HPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income Fund II (HPF) 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.
| HPF | HPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.25 | 0.29 | -0.04 |
Sortino ratioReturn per unit of downside risk | 0.41 | 0.44 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.07 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.33 | -0.08 |
Martin ratioReturn relative to average drawdown | 0.76 | 0.91 | -0.14 |
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
| HPF | HPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.29 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.20 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.21 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.25 | +0.02 |
Correlation
The correlation between HPF and HPI is 0.76, 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
HPF vs. HPI - Dividend Comparison
HPF's dividend yield for the trailing twelve months is around 9.49%, which matches HPI's 9.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPF John Hancock Preferred Income Fund II | 9.49% | 9.22% | 8.95% | 9.39% | 9.45% | 7.10% | 7.80% | 7.32% | 8.96% | 7.82% | 8.30% | 7.85% |
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
HPF vs. HPI - Drawdown Comparison
The maximum HPF drawdown since its inception was -66.73%, roughly equal to the maximum HPI drawdown of -67.67%. Use the drawdown chart below to compare losses from any high point for HPF and HPI.
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Drawdown Indicators
| HPF | HPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.73% | -67.67% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -10.02% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -31.24% | -30.10% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -54.76% | -57.99% | +3.23% |
Current DrawdownCurrent decline from peak | -5.89% | -7.10% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -8.49% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.68% | -0.53% |
Volatility
HPF vs. HPI - Volatility Comparison
The current volatility for John Hancock Preferred Income Fund II (HPF) is 4.52%, while John Hancock Preferred Income Fund (HPI) has a volatility of 5.36%. This indicates that HPF experiences smaller price fluctuations and is considered to be less risky than HPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPF | HPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 5.36% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 6.81% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 12.50% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 15.82% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 24.32% | -2.22% |