JHPI vs. EVPF

Last updated Jun 4, 2026

JHPI (John Hancock Preferred Income ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined. JHPI charges 0.54%/yr vs 0.39%/yr for EVPF.

Performance

JHPI vs. EVPF - Performance Comparison

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

Returns By Period

JHPI

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

EVPF

• 1D: 0.00%
• 1M: 0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHPI vs. EVPF - Yearly Performance Comparison

	2026 (YTD)
JHPI John Hancock Preferred Income ETF	-0.10%
EVPF Eaton Vance Preferred Securities and Income ETF	1.16%

Correlation

The correlation between JHPI and EVPF is 0.78, 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 Mar 6, 2026	0.78

Return for Risk

JHPI vs. EVPF — 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.

JHPI vs. EVPF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income ETF (JHPI) and Eaton Vance Preferred Securities and Income ETF (EVPF). 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.

	JHPI	EVPF	Difference
Sharpe ratio Return per unit of total volatility	2.40	—	—
Sortino ratio Return per unit of downside risk	3.37	—	—
Omega ratio Gain probability vs. loss probability	1.48	—	—
Calmar ratio Return relative to maximum drawdown	2.63	—	—
Martin ratio Return relative to average drawdown	9.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JHPI	EVPF	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	1.13	-0.53

Drawdowns

JHPI vs. EVPF - Drawdown Comparison

The maximum JHPI drawdown since its inception was -13.45%, which is greater than EVPF's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for JHPI and EVPF.

Drawdown Indicators

	JHPI	EVPF	Difference
Max Drawdown Largest peak-to-trough decline	-13.45%	-2.36%	-11.09%
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	-0.76%	-0.17%	-0.59%
Average Drawdown Average peak-to-trough decline	-3.75%	-0.52%	-3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	—	—

Volatility

Volatility by Period

	JHPI	EVPF	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	3.37%	4.31%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.30%	4.31%	+1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.30%	4.31%	+1.99%

JHPI vs. EVPF - Expense Ratio Comparison

JHPI has a 0.54% expense ratio, which is higher than EVPF's 0.39% expense ratio.

Dividends

JHPI vs. EVPF - Dividend Comparison

JHPI's dividend yield for the trailing twelve months is around 5.80%, more than EVPF's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021
EVPF Eaton Vance Preferred Securities and Income ETF	1.08%	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

Can I hold both JHPI and EVPF in my portfolio?

JHPI and EVPF have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHPI or EVPF?

On fees, EVPF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHPI or EVPF?

EVPF is cheaper with a 0.39% expense ratio, compared with 0.54% for JHPI.

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

JHPI has the higher dividend yield at 5.80%, compared with 1.08% for EVPF.

What is the main difference between JHPI and EVPF?

They also come from different issuers: John Hancock and Eaton Vance. Their fees differ too: 0.54% for JHPI and 0.39% for EVPF.