HPS vs. JIBCX
HPS (John Hancock Preferred Income Fund III) and JIBCX (John Hancock Funds II Blue Chip Growth Fund) are both mutual funds - HPS is a Preferred Stock fund managed by John Hancock, while JIBCX is a Large Cap Growth Equities fund managed by John Hancock. Over the past 10 years, HPS returned 5.00%/yr vs 14.38%/yr for JIBCX. Their 0.36 correlation means their historical movements had little consistent relationship. HPS charges 0.01%/yr vs 0.81%/yr for JIBCX.
Performance
HPS vs. JIBCX - Performance Comparison
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Returns By Period
In the year-to-date period, HPS achieves a 4.27% return, which is significantly higher than JIBCX's -1.59% return. Over the past 10 years, HPS has underperformed JIBCX with an annualized return of 5.00%, while JIBCX has yielded a comparatively higher 14.38% annualized return.
HPS
- 1D
- 0.21%
- 1M
- -0.98%
- 6M
- 2.27%
- YTD
- 4.27%
- 1Y
- 8.02%
- 3Y*
- 9.42%
- 5Y*
- 2.47%
- 10Y*
- 5.00%
- ALL TIME*
- 6.27%
JIBCX
- 1D
- 1.58%
- 1M
- -1.07%
- 6M
- 0.14%
- YTD
- -1.59%
- 1Y
- -4.58%
- 3Y*
- 15.87%
- 5Y*
- 6.35%
- 10Y*
- 14.38%
- ALL TIME*
- 11.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $625.65K | $677.51K | $727.29K | |
| $0.00 | $0.00 | $0.00 |
HPS vs. JIBCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HPS John Hancock Preferred Income Fund III | 4.27% | 4.86% | 15.65% | 7.66% | -16.56% | 16.44% | -3.00% | 31.43% | -8.37% | 14.32% |
JIBCX John Hancock Funds II Blue Chip Growth Fund | -1.59% | 8.28% | 35.89% | 49.47% | -38.12% | 16.88% | 34.25% | 29.71% | 1.72% | 36.25% |
Correlation
The correlation between HPS and JIBCX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2005 | 0.36 |
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Return for Risk
HPS vs. JIBCX — Risk / Return Rank
HPS
JIBCX
HPS vs. JIBCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income Fund III (HPS) and John Hancock Funds II Blue Chip Growth Fund (JIBCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HPS | JIBCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.97 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.20 | +1.26 |
| Martin ratioReturn relative to average drawdown | 2.71 | -0.44 | +3.16 |
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Drawdowns
HPS vs. JIBCX - Drawdown Comparison
The maximum HPS drawdown since its inception was -70.04%, which is greater than JIBCX's maximum drawdown of -54.15%. Use the drawdown chart below to compare losses from any high point for HPS and JIBCX.
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Drawdown Indicators
| HPS | JIBCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -54.15% | -15.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -24.47% | +16.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -24.47% | +6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -42.74% | +13.35% |
Max Drawdown (10Y)Largest decline over 10 years | -52.12% | -42.74% | -9.38% |
Current DrawdownCurrent decline from peak | -2.72% | -12.67% | +9.95% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -9.29% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 10.75% | -7.79% |
Volatility
HPS vs. JIBCX - Volatility Comparison
The current volatility for John Hancock Preferred Income Fund III (HPS) is 1.82%, while John Hancock Funds II Blue Chip Growth Fund (JIBCX) has a volatility of 6.20%. This indicates that HPS experiences smaller price fluctuations and is considered to be less risky than JIBCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPS | JIBCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 6.20% | -4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 14.59% | -7.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 20.24% | -10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.64% | 24.76% | -9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.46% | 23.12% | -1.66% |
HPS vs. JIBCX - Expense Ratio Comparison
HPS has a 0.01% expense ratio, which is lower than JIBCX's 0.81% expense ratio.
Dividends
HPS vs. JIBCX - Dividend Comparison
HPS's dividend yield for the trailing twelve months is around 9.26%, while JIBCX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPS John Hancock Preferred Income Fund III | 9.26% | 9.16% | 8.78% | 9.34% | 9.15% | 7.04% | 7.63% | 7.41% | 9.26% | 7.82% | 8.27% | 7.53% |
JIBCX John Hancock Funds II Blue Chip Growth Fund | 0.00% | 0.00% | 6.97% | 3.23% | 5.57% | 16.46% | 4.72% | 1.46% | 7.73% | 16.16% | 6.35% | 13.20% |
Frequently Asked Questions
HPS and JIBCX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JIBCX has higher volatility (6.20%) compared to HPS (1.82%). In terms of maximum drawdown, HPS dropped -70.04% vs JIBCX's -54.15%.
HPS currently has the higher Sharpe Ratio (0.86 vs -0.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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