JHPI vs. CSSD
JHPI (John Hancock Preferred Income ETF) and CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. JHPI charges 0.54%/yr vs 0.49%/yr for CSSD.
Performance
JHPI vs. CSSD - Performance Comparison
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Returns By Period
In the year-to-date period, JHPI achieves a 1.69% return, which is significantly lower than CSSD's 2.72% return.
JHPI
- 1D
- -0.11%
- 1M
- 0.11%
- YTD
- 1.69%
- 6M
- 1.78%
- 1Y
- 7.16%
- 3Y*
- 9.15%
- 5Y*
- —
- 10Y*
- —
CSSD
- 1D
- -0.12%
- 1M
- 0.68%
- YTD
- 2.72%
- 6M
- 2.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JHPI vs. CSSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHPI John Hancock Preferred Income ETF | 1.69% | 0.70% |
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF | 2.72% | 0.49% |
Correlation
The correlation between JHPI and CSSD is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025 | 0.63 |
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Return for Risk
JHPI vs. CSSD — Risk / Return Rank
JHPI
CSSD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JHPI vs. CSSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income ETF (JHPI) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). 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.
| JHPI | CSSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | — | — |
| Martin ratioReturn relative to average drawdown | 8.71 | — | — |
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Drawdowns
JHPI vs. CSSD - Drawdown Comparison
The maximum JHPI drawdown since its inception was -13.45%, which is greater than CSSD's maximum drawdown of -2.32%. Use the drawdown chart below to compare losses from any high point for JHPI and CSSD.
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Drawdown Indicators
| JHPI | CSSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.45% | -2.32% | -11.13% |
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 | -0.73% | -0.20% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -0.29% | -3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | — | — |
Volatility
JHPI vs. CSSD - Volatility Comparison
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Volatility by Period
| JHPI | CSSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 3.08% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 3.08% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 3.08% | +3.20% |
JHPI vs. CSSD - Expense Ratio Comparison
JHPI has a 0.54% expense ratio, which is higher than CSSD's 0.49% expense ratio.
Dividends
JHPI vs. CSSD - Dividend Comparison
JHPI's dividend yield for the trailing twelve months is around 5.80%, more than CSSD's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF | 2.63% | 0.53% | 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
JHPI and CSSD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSD is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSD is cheaper with a 0.49% expense ratio, compared with 0.54% for JHPI.
JHPI has the higher dividend yield at 5.80%, compared with 2.63% for CSSD.
They also come from different issuers: John Hancock and Cohen & Steers. Their fees differ too: 0.54% for JHPI and 0.49% for CSSD.
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