HPS vs. JVMIX
Compare and contrast key facts about John Hancock Preferred Income Fund III (HPS) and John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX).
HPS is managed by John Hancock. It was launched on Jun 19, 2003. JVMIX is managed by John Hancock. It was launched on Jun 2, 1997.
Performance
HPS vs. JVMIX - Performance Comparison
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HPS vs. JVMIX - 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% |
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 1.16% | 11.28% | 10.46% | 16.64% | -7.09% | 26.85% | 5.90% | 30.13% | -14.90% | 15.10% |
Returns By Period
In the year-to-date period, HPS achieves a 2.43% return, which is significantly higher than JVMIX's 1.16% return. Over the past 10 years, HPS has underperformed JVMIX with an annualized return of 5.73%, while JVMIX has yielded a comparatively higher 10.12% 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%
JVMIX
- 1D
- 1.79%
- 1M
- -6.68%
- YTD
- 1.16%
- 6M
- 0.63%
- 1Y
- 13.98%
- 3Y*
- 12.68%
- 5Y*
- 8.23%
- 10Y*
- 10.12%
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HPS vs. JVMIX - Expense Ratio Comparison
HPS has a 0.01% expense ratio, which is lower than JVMIX's 0.87% expense ratio.
Return for Risk
HPS vs. JVMIX — Risk / Return Rank
HPS
JVMIX
HPS vs. JVMIX - 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 Disciplined Value Mid Cap Fund Class I (JVMIX). 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 | JVMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 0.80 | -0.39 |
Sortino ratioReturn per unit of downside risk | 0.62 | 1.25 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.17 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.16 | -0.63 |
Martin ratioReturn relative to average drawdown | 1.40 | 4.73 | -3.33 |
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
| HPS | JVMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.80 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.45 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.50 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.29 | -0.05 |
Correlation
The correlation between HPS and JVMIX is 0.37, 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
HPS vs. JVMIX - Dividend Comparison
HPS's dividend yield for the trailing twelve months is around 9.15%, which matches JVMIX's 9.13% 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% |
JVMIX John Hancock Funds Disciplined Value Mid Cap Fund Class I | 9.13% | 9.24% | 12.05% | 4.02% | 5.27% | 6.67% | 1.13% | 2.40% | 13.85% | 5.94% | 1.91% | 5.88% |
Drawdowns
HPS vs. JVMIX - Drawdown Comparison
The maximum HPS drawdown since its inception was -70.04%, roughly equal to the maximum JVMIX drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for HPS and JVMIX.
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Drawdown Indicators
| HPS | JVMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -67.04% | -3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -13.22% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -21.13% | -8.26% |
Max Drawdown (10Y)Largest decline over 10 years | -52.12% | -42.64% | -9.48% |
Current DrawdownCurrent decline from peak | -4.44% | -6.93% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -13.43% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 3.23% | +0.53% |
Volatility
HPS vs. JVMIX - Volatility Comparison
John Hancock Preferred Income Fund III (HPS) has a higher volatility of 5.28% compared to John Hancock Funds Disciplined Value Mid Cap Fund Class I (JVMIX) at 4.40%. This indicates that HPS's price experiences larger fluctuations and is considered to be riskier than JVMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPS | JVMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 4.40% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 9.77% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 18.11% | -5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 18.44% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.46% | 20.31% | +1.15% |