HPS vs. FACVX
Compare and contrast key facts about John Hancock Preferred Income Fund III (HPS) and Fidelity Advisor Convertible Securities Fund Class A (FACVX).
HPS is managed by John Hancock. It was launched on Jun 19, 2003. FACVX is managed by Fidelity. It was launched on Feb 19, 2009.
Performance
HPS vs. FACVX - Performance Comparison
Loading graphics...
HPS vs. FACVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HPS John Hancock Preferred Income Fund III | 2.43% | 4.86% | 15.65% | 7.66% | -16.56% | 16.44% | -3.00% | 31.43% | -8.37% | 14.32% |
FACVX Fidelity Advisor Convertible Securities Fund Class A | 3.98% | 17.95% | 7.92% | 11.06% | -15.59% | 9.63% | 42.09% | 28.21% | -1.59% | 8.77% |
Returns By Period
In the year-to-date period, HPS achieves a 2.43% return, which is significantly lower than FACVX's 3.98% return. Over the past 10 years, HPS has underperformed FACVX with an annualized return of 5.73%, while FACVX has yielded a comparatively higher 11.11% annualized return.
HPS
- 1D
- 1.33%
- 1M
- -1.89%
- YTD
- 2.43%
- 6M
- -3.11%
- 1Y
- 5.21%
- 3Y*
- 8.88%
- 5Y*
- 3.72%
- 10Y*
- 5.73%
FACVX
- 1D
- 2.62%
- 1M
- -4.10%
- YTD
- 3.98%
- 6M
- 4.07%
- 1Y
- 26.84%
- 3Y*
- 12.24%
- 5Y*
- 5.26%
- 10Y*
- 11.11%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HPS vs. FACVX - Expense Ratio Comparison
HPS has a 0.01% expense ratio, which is lower than FACVX's 0.97% expense ratio.
Return for Risk
HPS vs. FACVX — Risk / Return Rank
HPS
FACVX
HPS vs. FACVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income Fund III (HPS) and Fidelity Advisor Convertible Securities Fund Class A (FACVX). 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.
| HPS | FACVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 1.74 | -1.33 |
Sortino ratioReturn per unit of downside risk | 0.62 | 2.37 | -1.75 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.32 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 3.49 | -2.96 |
Martin ratioReturn relative to average drawdown | 1.40 | 13.06 | -11.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HPS | FACVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 1.74 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.39 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.82 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.93 | -0.69 |
Correlation
The correlation between HPS and FACVX is 0.42, 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
HPS vs. FACVX - Dividend Comparison
HPS's dividend yield for the trailing twelve months is around 9.15%, less than FACVX's 10.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPS John Hancock Preferred Income Fund III | 9.15% | 9.16% | 8.78% | 9.34% | 9.15% | 7.04% | 7.63% | 7.41% | 9.26% | 7.82% | 8.27% | 7.53% |
FACVX Fidelity Advisor Convertible Securities Fund Class A | 10.75% | 11.18% | 1.85% | 1.86% | 3.48% | 20.42% | 10.56% | 3.04% | 9.55% | 3.89% | 4.62% | 10.02% |
Drawdowns
HPS vs. FACVX - Drawdown Comparison
The maximum HPS drawdown since its inception was -70.04%, which is greater than FACVX's maximum drawdown of -25.09%. Use the drawdown chart below to compare losses from any high point for HPS and FACVX.
Loading graphics...
Drawdown Indicators
| HPS | FACVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -25.09% | -44.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -7.75% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -24.32% | -5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -52.12% | -25.09% | -27.03% |
Current DrawdownCurrent decline from peak | -4.44% | -4.35% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -5.81% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 2.07% | +1.69% |
Volatility
HPS vs. FACVX - Volatility Comparison
The current volatility for John Hancock Preferred Income Fund III (HPS) is 5.28%, while Fidelity Advisor Convertible Securities Fund Class A (FACVX) has a volatility of 6.83%. This indicates that HPS experiences smaller price fluctuations and is considered to be less risky than FACVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HPS | FACVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 6.83% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 12.30% | -4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 15.82% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 13.40% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.46% | 13.53% | +7.93% |