HPI vs. JPC
Compare and contrast key facts about John Hancock Preferred Income Fund (HPI) and Nuveen Preferred and Income Opportunities Fund (JPC).
HPI is managed by John Hancock. It was launched on Aug 27, 2002. JPC is managed by Nuveen. It was launched on Mar 26, 2003.
Performance
HPI vs. JPC - Performance Comparison
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HPI vs. JPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
JPC Nuveen Preferred and Income Opportunities Fund | -4.85% | 14.00% | 27.58% | 0.75% | -19.18% | 9.75% | -2.09% | 35.25% | -12.70% | 13.35% |
Returns By Period
In the year-to-date period, HPI achieves a -1.60% return, which is significantly higher than JPC's -4.85% return. Over the past 10 years, HPI has underperformed JPC with an annualized return of 5.12%, while JPC has yielded a comparatively higher 6.06% annualized return.
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%
JPC
- 1D
- 4.00%
- 1M
- -7.44%
- YTD
- -4.85%
- 6M
- -3.60%
- 1Y
- 4.45%
- 3Y*
- 14.81%
- 5Y*
- 4.00%
- 10Y*
- 6.06%
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HPI vs. JPC - Expense Ratio Comparison
HPI has a 0.01% expense ratio, which is lower than JPC's 0.01% expense ratio. Despite the difference, 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
HPI vs. JPC — Risk / Return Rank
HPI
JPC
HPI vs. JPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income Fund (HPI) and Nuveen Preferred and Income Opportunities Fund (JPC). 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.
| HPI | JPC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 0.30 | -0.01 |
Sortino ratioReturn per unit of downside risk | 0.44 | 0.49 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.09 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.44 | -0.10 |
Martin ratioReturn relative to average drawdown | 0.91 | 1.99 | -1.08 |
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
| HPI | JPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.30 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.28 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.29 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.25 | 0.00 |
Correlation
The correlation between HPI and JPC is 0.48, 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
HPI vs. JPC - Dividend Comparison
HPI's dividend yield for the trailing twelve months is around 9.45%, less than JPC's 10.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JPC Nuveen Preferred and Income Opportunities Fund | 10.37% | 9.79% | 8.94% | 8.00% | 8.74% | 6.52% | 6.95% | 7.00% | 9.02% | 7.50% | 8.14% | 8.65% |
Drawdowns
HPI vs. JPC - Drawdown Comparison
The maximum HPI drawdown since its inception was -67.67%, smaller than the maximum JPC drawdown of -76.07%. Use the drawdown chart below to compare losses from any high point for HPI and JPC.
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Drawdown Indicators
| HPI | JPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.67% | -76.07% | +8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -11.43% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -30.10% | -32.26% | +2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -57.99% | -52.53% | -5.46% |
Current DrawdownCurrent decline from peak | -7.10% | -7.89% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -10.00% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 2.50% | +1.18% |
Volatility
HPI vs. JPC - Volatility Comparison
The current volatility for John Hancock Preferred Income Fund (HPI) is 5.36%, while Nuveen Preferred and Income Opportunities Fund (JPC) has a volatility of 7.36%. This indicates that HPI experiences smaller price fluctuations and is considered to be less risky than JPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPI | JPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 7.36% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 9.00% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 14.79% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 14.32% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.32% | 20.65% | +3.67% |