IPPP vs. JHPI

Last updated Jun 4, 2026

IPPP (Preferred-Plus ETF) and JHPI (John Hancock Preferred Income ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. IPPP charges 1.27%/yr vs 0.54%/yr for JHPI.

Performance

IPPP vs. JHPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Preferred-Plus ETF (IPPP) and John Hancock Preferred Income ETF (JHPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IPPP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JHPI

• 1D: -0.39%
• 1M: -0.16%
• YTD: 1.67%
• 6M: 2.16%
• 1Y: 8.04%
• 3Y*: 9.01%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IPPP vs. JHPI - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
JHPI John Hancock Preferred Income ETF	0.36%

IPPP vs. JHPI - Sectors Allocation Comparison

Sectors	IPPP	JHPI
Utilities	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

IPPP vs. JHPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHPI

JHPI Risk / Return Rank: 68
JHPI Sharpe Ratio Rank: 74
JHPI Sortino Ratio Rank: 75
JHPI Omega Ratio Rank: 79
JHPI Calmar Ratio Rank: 53
JHPI Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IPPP vs. JHPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) and John Hancock Preferred Income ETF (JHPI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IPPP	JHPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.60	—

Drawdowns

IPPP vs. JHPI - Drawdown Comparison

The maximum IPPP drawdown since its inception was 0.00%, smaller than the maximum JHPI drawdown of -13.45%. Use the drawdown chart below to compare losses from any high point for IPPP and JHPI.

Drawdown Indicators

	IPPP	JHPI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-13.45%	+13.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.26%	—
Current Drawdown Current decline from peak	0.00%	-0.76%	+0.76%
Average Drawdown Average peak-to-trough decline	0.00%	-3.75%	+3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.81%	—

Volatility

Volatility by Period

	IPPP	JHPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.37%	-3.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	6.30%	-6.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	6.30%	-6.30%

IPPP vs. JHPI - Expense Ratio Comparison

IPPP has a 1.27% expense ratio, which is higher than JHPI's 0.54% expense ratio.

Dividends

IPPP vs. JHPI - Dividend Comparison

IPPP has not paid dividends to shareholders, while JHPI's dividend yield for the trailing twelve months is around 5.80%.

Position	TTM	2025	2024	2023	2022	2021
IPPP Preferred-Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JHPI John Hancock Preferred Income ETF	5.80%	5.73%	6.32%	6.44%	6.27%	0.24%

Frequently Asked Questions

Which ETF is better, IPPP or JHPI?

On fees, JHPI is cheaper at 0.54% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPPP or JHPI?

JHPI is cheaper with a 0.54% expense ratio, compared with 1.27% for IPPP.

Which ETF pays a higher dividend yield, IPPP or JHPI?

JHPI has the higher dividend yield at 5.80%, compared with 0.00% for IPPP.

What is the main difference between IPPP and JHPI?

They also come from different issuers: Innovative Portfolios and John Hancock. Their fees differ too: 1.27% for IPPP and 0.54% for JHPI.