JHLN vs. JHPI
JHLN (John Hancock Global Senior Loan ETF) and JHPI (John Hancock Preferred Income ETF) are both exchange-traded funds - JHLN is a Bank Loan fund actively managed by John Hancock, while JHPI is a Preferred Stock/Convertible Bonds fund actively managed by John Hancock. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. JHLN charges 0.59%/yr vs 0.54%/yr for JHPI.
Performance
JHLN vs. JHPI - Performance Comparison
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Returns By Period
In the year-to-date period, JHLN achieves a 0.75% return, which is significantly lower than JHPI's 1.63% return.
JHLN
- 1D
- 0.13%
- 1M
- 0.26%
- YTD
- 0.75%
- 6M
- 0.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JHPI
- 1D
- -0.04%
- 1M
- -0.29%
- YTD
- 1.63%
- 6M
- 1.54%
- 1Y
- 6.78%
- 3Y*
- 9.00%
- 5Y*
- —
- 10Y*
- —
JHLN vs. JHPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHLN John Hancock Global Senior Loan ETF | 0.75% | 1.55% |
JHPI John Hancock Preferred Income ETF | 1.63% | 2.26% |
Correlation
The correlation between JHLN and JHPI is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.07 |
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Return for Risk
JHLN vs. JHPI — Risk / Return Rank
JHLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JHPI
JHLN vs. JHPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Global Senior Loan ETF (JHLN) 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.
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.
| JHLN | JHPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.21 | — |
| Martin ratioReturn relative to average drawdown | — | 8.22 | — |
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Drawdowns
JHLN vs. JHPI - Drawdown Comparison
The maximum JHLN drawdown since its inception was -1.46%, smaller than the maximum JHPI drawdown of -13.45%. Use the drawdown chart below to compare losses from any high point for JHLN and JHPI.
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Drawdown Indicators
| JHLN | JHPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.46% | -13.45% | +11.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.08% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.26% | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.80% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -3.70% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.83% | — |
Volatility
JHLN vs. JHPI - Volatility Comparison
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Volatility by Period
| JHLN | JHPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 3.43% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.61% | 6.27% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.61% | 6.27% | -3.66% |
JHLN vs. JHPI - Expense Ratio Comparison
JHLN has a 0.59% expense ratio, which is higher than JHPI's 0.54% expense ratio.
Dividends
JHLN vs. JHPI - Dividend Comparison
JHLN's dividend yield for the trailing twelve months is around 3.85%, less than JHPI's 5.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JHLN John Hancock Global Senior Loan ETF | 3.85% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% |
JHPI John Hancock Preferred Income ETF | 5.12% | 5.73% | 6.32% | 6.44% | 6.27% | 0.24% |
Frequently Asked Questions
JHLN and JHPI have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
JHPI is cheaper with a 0.54% expense ratio, compared with 0.59% for JHLN.
JHPI has the higher dividend yield at 5.80%, compared with 3.85% for JHLN.
JHLN is categorized as Bank Loan, while JHPI is Preferred Stock/Convertible Bonds. Their fees differ too: 0.59% for JHLN and 0.54% for JHPI.
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