JHCP vs. JHPI

Last updated Apr 1, 2026

Compare and contrast key facts about John Hancock Core Plus Bond ETF (JHCP) and John Hancock Preferred Income ETF (JHPI).

JHCP and JHPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHCP is an actively managed fund by John Hancock. It was launched on Dec 18, 2024. JHPI is an actively managed fund by John Hancock. It was launched on Dec 14, 2021.

Performance

JHCP vs. JHPI - Performance Comparison

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

JHCP vs. JHPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JHCP John Hancock Core Plus Bond ETF	0.02%	7.59%	-0.30%
JHPI John Hancock Preferred Income ETF	-0.26%	7.37%	-0.41%

Returns By Period

In the year-to-date period, JHCP achieves a 0.02% return, which is significantly higher than JHPI's -0.26% return.

JHCP

• 1D: 0.44%
• 1M: -1.87%
• YTD: 0.02%
• 6M: 1.07%
• 1Y: 4.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JHPI

• 1D: 0.27%
• 1M: -2.03%
• YTD: -0.26%
• 6M: 0.31%
• 1Y: 6.56%
• 3Y*: 8.73%
• 5Y*: —
• 10Y*: —

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

JHCP vs. JHPI - Expense Ratio Comparison

JHCP has a 0.36% expense ratio, which is lower than JHPI's 0.54% expense ratio.

JHPI

John Hancock Preferred Income ETF

JHCP

John Hancock Core Plus Bond ETF

Return for Risk

JHCP vs. JHPI — Risk / Return Rank

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

JHCP

JHCP Risk / Return Rank: 53
JHCP Sharpe Ratio Rank: 55
JHCP Sortino Ratio Rank: 51
JHCP Omega Ratio Rank: 44
JHCP Calmar Ratio Rank: 64
JHCP Martin Ratio Rank: 49

JHPI

JHPI Risk / Return Rank: 79
JHPI Sharpe Ratio Rank: 84
JHPI Sortino Ratio Rank: 83
JHPI Omega Ratio Rank: 84
JHPI Calmar Ratio Rank: 77
JHPI Martin Ratio Rank: 68

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.

JHCP vs. JHPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Core Plus Bond ETF (JHCP) 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.

	JHCP	JHPI	Difference
Sharpe ratio Return per unit of total volatility	1.01	1.67	-0.66
Sortino ratio Return per unit of downside risk	1.41	2.21	-0.80
Omega ratio Gain probability vs. loss probability	1.18	1.33	-0.16
Calmar ratio Return relative to maximum drawdown	1.67	2.09	-0.41
Martin ratio Return relative to average drawdown	4.84	6.90	-2.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHCP vs. JHPI - Sharpe Ratio Comparison

The current JHCP Sharpe Ratio is 1.01, which is lower than the JHPI Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of JHCP and JHPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JHCP	JHPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.67	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.54	+0.62

Correlation

The correlation between JHCP and JHPI 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

JHCP vs. JHPI - Dividend Comparison

JHCP's dividend yield for the trailing twelve months is around 4.74%, less than JHPI's 5.66% yield.

	TTM	2025	2024	2023	2022	2021
JHCP John Hancock Core Plus Bond ETF	4.74%	4.79%	0.20%	0.00%	0.00%	0.00%
JHPI John Hancock Preferred Income ETF	5.66%	5.73%	6.32%	6.44%	6.27%	0.24%

Drawdowns

JHCP vs. JHPI - Drawdown Comparison

The maximum JHCP drawdown since its inception was -3.06%, smaller than the maximum JHPI drawdown of -13.45%. Use the drawdown chart below to compare losses from any high point for JHCP and JHPI.

Drawdown Indicators

	JHCP	JHPI	Difference
Max Drawdown Largest peak-to-trough decline	-3.06%	-13.45%	+10.39%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-3.08%	+0.02%
Current Drawdown Current decline from peak	-1.87%	-2.64%	+0.77%
Average Drawdown Average peak-to-trough decline	-0.71%	-3.87%	+3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	0.93%	+0.13%

Volatility

JHCP vs. JHPI - Volatility Comparison

John Hancock Core Plus Bond ETF (JHCP) has a higher volatility of 1.75% compared to John Hancock Preferred Income ETF (JHPI) at 1.51%. This indicates that JHCP's price experiences larger fluctuations and is considered to be riskier than JHPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHCP	JHPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.75%	1.51%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	3.05%	2.54%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	4.91%	3.96%	+0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	6.39%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	6.39%	-1.45%