HPI vs. JPDIX

Last updated Apr 1, 2026

Compare and contrast key facts about John Hancock Preferred Income Fund (HPI) and JPMorgan Preferred and Income Securities Fund (JPDIX).

HPI is managed by John Hancock. It was launched on Aug 27, 2002. JPDIX is managed by JPMorgan. It was launched on Mar 30, 2022.

Performance

HPI vs. JPDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Preferred Income Fund (HPI) and JPMorgan Preferred and Income Securities Fund (JPDIX). The values are adjusted to include any dividend payments, if applicable.

HPI vs. JPDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HPI John Hancock Preferred Income Fund	-1.60%	6.54%	14.95%	8.34%	-10.86%
JPDIX JPMorgan Preferred and Income Securities Fund	-1.64%	8.64%	10.59%	7.02%	-8.33%

Returns By Period

The year-to-date returns for both stocks are quite close, with HPI having a -1.60% return and JPDIX slightly lower at -1.64%.

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%

JPDIX

• 1D: -0.10%
• 1M: -2.92%
• YTD: -1.64%
• 6M: -0.11%
• 1Y: 5.53%
• 3Y*: 8.92%
• 5Y*: —
• 10Y*: —

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

HPI vs. JPDIX - Expense Ratio Comparison

HPI has a 0.01% expense ratio, which is lower than JPDIX's 0.59% expense ratio.

JPDIX

JPMorgan Preferred and Income Securities Fund

HPI

John Hancock Preferred Income Fund

Return for Risk

HPI vs. JPDIX — Risk / Return Rank

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

HPI

HPI Risk / Return Rank: 11
HPI Sharpe Ratio Rank: 11
HPI Sortino Ratio Rank: 9
HPI Omega Ratio Rank: 11
HPI Calmar Ratio Rank: 12
HPI Martin Ratio Rank: 11

JPDIX

JPDIX Risk / Return Rank: 84
JPDIX Sharpe Ratio Rank: 88
JPDIX Sortino Ratio Rank: 88
JPDIX Omega Ratio Rank: 92
JPDIX Calmar Ratio Rank: 74
JPDIX Martin Ratio Rank: 78

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.

HPI vs. JPDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income Fund (HPI) and JPMorgan Preferred and Income Securities Fund (JPDIX). 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	JPDIX	Difference
Sharpe ratio Return per unit of total volatility	0.29	1.77	-1.48
Sortino ratio Return per unit of downside risk	0.44	2.41	-1.97
Omega ratio Gain probability vs. loss probability	1.07	1.44	-0.37
Calmar ratio Return relative to maximum drawdown	0.33	1.75	-1.41
Martin ratio Return relative to average drawdown	0.91	7.51	-6.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HPI vs. JPDIX - Sharpe Ratio Comparison

The current HPI Sharpe Ratio is 0.29, which is lower than the JPDIX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of HPI and JPDIX, 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

	HPI	JPDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	1.77	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.73	-0.48

Correlation

The correlation between HPI and JPDIX 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

HPI vs. JPDIX - Dividend Comparison

HPI's dividend yield for the trailing twelve months is around 9.45%, more than JPDIX's 5.25% 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%
JPDIX JPMorgan Preferred and Income Securities Fund	5.25%	5.53%	4.97%	4.45%	2.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HPI vs. JPDIX - Drawdown Comparison

The maximum HPI drawdown since its inception was -67.67%, which is greater than JPDIX's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for HPI and JPDIX.

Drawdown Indicators

	HPI	JPDIX	Difference
Max Drawdown Largest peak-to-trough decline	-67.67%	-14.56%	-53.11%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-3.32%	-6.70%
Max Drawdown (5Y) Largest decline over 5 years	-30.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-57.99%	—	—
Current Drawdown Current decline from peak	-7.10%	-2.92%	-4.18%
Average Drawdown Average peak-to-trough decline	-8.49%	-3.60%	-4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	0.77%	+2.91%

Volatility

HPI vs. JPDIX - Volatility Comparison

John Hancock Preferred Income Fund (HPI) has a higher volatility of 5.36% compared to JPMorgan Preferred and Income Securities Fund (JPDIX) at 1.17%. This indicates that HPI's price experiences larger fluctuations and is considered to be riskier than JPDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HPI	JPDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	1.17%	+4.19%
Volatility (6M) Calculated over the trailing 6-month period	6.81%	2.03%	+4.78%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	3.35%	+9.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.82%	5.23%	+10.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.32%	5.23%	+19.09%