HPI vs. LPXZX
Compare and contrast key facts about John Hancock Preferred Income Fund (HPI) and Cohen & Steers Low Duration Preferred and Income Fund (LPXZX).
HPI is managed by John Hancock. It was launched on Aug 27, 2002. LPXZX is managed by Cohen & Steers. It was launched on Nov 29, 2015.
Performance
HPI vs. LPXZX - Performance Comparison
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HPI vs. LPXZX - 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% |
LPXZX Cohen & Steers Low Duration Preferred and Income Fund | -0.77% | 6.89% | 8.75% | 6.91% | -5.78% | 2.08% | 4.27% | 11.38% | -1.44% | 5.82% |
Returns By Period
In the year-to-date period, HPI achieves a -1.60% return, which is significantly lower than LPXZX's -0.77% return. Over the past 10 years, HPI has outperformed LPXZX with an annualized return of 5.12%, while LPXZX has yielded a comparatively lower 4.14% 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%
LPXZX
- 1D
- 0.00%
- 1M
- -1.88%
- YTD
- -0.77%
- 6M
- -0.06%
- 1Y
- 4.51%
- 3Y*
- 7.62%
- 5Y*
- 3.40%
- 10Y*
- 4.14%
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HPI vs. LPXZX - Expense Ratio Comparison
HPI has a 0.01% expense ratio, which is lower than LPXZX's 0.60% expense ratio.
Return for Risk
HPI vs. LPXZX — Risk / Return Rank
HPI
LPXZX
HPI vs. LPXZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income Fund (HPI) and Cohen & Steers Low Duration Preferred and Income Fund (LPXZX). 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 | LPXZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 2.05 | -1.76 |
Sortino ratioReturn per unit of downside risk | 0.44 | 2.58 | -2.14 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.52 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | 0.33 | 2.11 | -1.78 |
Martin ratioReturn relative to average drawdown | 0.91 | 8.95 | -8.04 |
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 | LPXZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 2.05 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 1.28 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 1.10 | -0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.05 | -0.80 |
Correlation
The correlation between HPI and LPXZX is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HPI vs. LPXZX - Dividend Comparison
HPI's dividend yield for the trailing twelve months is around 9.45%, more than LPXZX's 4.59% 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% |
LPXZX Cohen & Steers Low Duration Preferred and Income Fund | 4.59% | 4.84% | 5.10% | 4.92% | 4.45% | 4.21% | 4.36% | 4.51% | 4.71% | 3.78% | 4.10% | 0.00% |
Drawdowns
HPI vs. LPXZX - Drawdown Comparison
The maximum HPI drawdown since its inception was -67.67%, which is greater than LPXZX's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for HPI and LPXZX.
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Drawdown Indicators
| HPI | LPXZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.67% | -18.13% | -49.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -2.14% | -7.88% |
Max Drawdown (5Y)Largest decline over 5 years | -30.10% | -9.69% | -20.41% |
Max Drawdown (10Y)Largest decline over 10 years | -57.99% | -18.13% | -39.86% |
Current DrawdownCurrent decline from peak | -7.10% | -2.14% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -1.50% | -6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 0.50% | +3.18% |
Volatility
HPI vs. LPXZX - Volatility Comparison
John Hancock Preferred Income Fund (HPI) has a higher volatility of 5.36% compared to Cohen & Steers Low Duration Preferred and Income Fund (LPXZX) at 0.87%. This indicates that HPI's price experiences larger fluctuations and is considered to be riskier than LPXZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPI | LPXZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 0.87% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 1.40% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 2.23% | +10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 2.68% | +13.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.32% | 3.77% | +20.55% |