HPS vs. NPSRX
Compare and contrast key facts about John Hancock Preferred Income Fund III (HPS) and Nuveen Preferred Securities & Income Fund (NPSRX).
HPS is managed by John Hancock. It was launched on Jun 19, 2003. NPSRX is managed by Nuveen. It was launched on Dec 18, 2006.
Performance
HPS vs. NPSRX - Performance Comparison
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HPS vs. NPSRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HPS John Hancock Preferred Income Fund III | 1.08% | 4.86% | 15.65% | 7.66% | -16.56% | 16.44% | -3.00% | 31.43% | -8.37% | 14.32% |
NPSRX Nuveen Preferred Securities & Income Fund | -1.95% | 11.19% | 9.12% | 6.19% | -9.50% | 5.43% | 5.53% | 17.68% | -5.65% | 11.27% |
Returns By Period
In the year-to-date period, HPS achieves a 1.08% return, which is significantly higher than NPSRX's -1.95% return. Over the past 10 years, HPS has outperformed NPSRX with an annualized return of 5.59%, while NPSRX has yielded a comparatively lower 5.22% annualized return.
HPS
- 1D
- 2.96%
- 1M
- -2.92%
- YTD
- 1.08%
- 6M
- -3.58%
- 1Y
- 3.89%
- 3Y*
- 8.40%
- 5Y*
- 3.44%
- 10Y*
- 5.59%
NPSRX
- 1D
- -0.13%
- 1M
- -3.30%
- YTD
- -1.95%
- 6M
- 0.47%
- 1Y
- 6.96%
- 3Y*
- 9.61%
- 5Y*
- 3.48%
- 10Y*
- 5.22%
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HPS vs. NPSRX - Expense Ratio Comparison
HPS has a 0.01% expense ratio, which is lower than NPSRX's 0.74% expense ratio.
Return for Risk
HPS vs. NPSRX — Risk / Return Rank
HPS
NPSRX
HPS vs. NPSRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income Fund III (HPS) and Nuveen Preferred Securities & Income Fund (NPSRX). 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 | NPSRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.31 | 2.05 | -1.74 |
Sortino ratioReturn per unit of downside risk | 0.49 | 2.78 | -2.29 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.50 | -0.42 |
Calmar ratioReturn relative to maximum drawdown | 0.35 | 2.08 | -1.74 |
Martin ratioReturn relative to average drawdown | 0.93 | 8.55 | -7.62 |
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 | NPSRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 2.05 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.70 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.83 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.48 | -0.24 |
Correlation
The correlation between HPS and NPSRX is 0.41, 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. NPSRX - Dividend Comparison
HPS's dividend yield for the trailing twelve months is around 9.27%, more than NPSRX's 5.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPS John Hancock Preferred Income Fund III | 9.27% | 9.16% | 8.78% | 9.34% | 9.15% | 7.04% | 7.63% | 7.41% | 9.26% | 7.82% | 8.27% | 7.53% |
NPSRX Nuveen Preferred Securities & Income Fund | 5.45% | 5.72% | 5.38% | 5.87% | 6.18% | 4.97% | 5.02% | 5.39% | 6.00% | 5.51% | 5.81% | 6.20% |
Drawdowns
HPS vs. NPSRX - Drawdown Comparison
The maximum HPS drawdown since its inception was -70.04%, which is greater than NPSRX's maximum drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for HPS and NPSRX.
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Drawdown Indicators
| HPS | NPSRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -62.52% | -7.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -3.46% | -6.58% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -17.65% | -11.74% |
Max Drawdown (10Y)Largest decline over 10 years | -52.12% | -26.47% | -25.65% |
Current DrawdownCurrent decline from peak | -5.69% | -3.30% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -4.85% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 0.84% | +2.92% |
Volatility
HPS vs. NPSRX - Volatility Comparison
John Hancock Preferred Income Fund III (HPS) has a higher volatility of 5.07% compared to Nuveen Preferred Securities & Income Fund (NPSRX) at 1.24%. This indicates that HPS's price experiences larger fluctuations and is considered to be riskier than NPSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPS | NPSRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 1.24% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 2.17% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 3.62% | +9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 4.96% | +10.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.46% | 6.31% | +15.15% |