JHPI vs. FPFD
Compare and contrast key facts about John Hancock Preferred Income ETF (JHPI) and Fidelity Preferred Securities & Income ETF (FPFD).
JHPI and FPFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHPI is an actively managed fund by John Hancock. It was launched on Dec 14, 2021. FPFD is an actively managed fund by Fidelity. It was launched on Jun 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHPI or FPFD.
Key characteristics
| JHPI | FPFD | |
|---|---|---|
| YTD Return | 11.78% | 11.26% |
| 1Y Return | 17.89% | 16.92% |
| Sharpe Ratio | 3.23 | 3.72 |
| Daily Std Dev | 5.51% | 4.54% |
| Max Drawdown | -13.45% | -20.83% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between JHPI and FPFD is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JHPI vs. FPFD - Performance Comparison
The year-to-date returns for both stocks are quite close, with JHPI having a 11.78% return and FPFD slightly lower at 11.26%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JHPI vs. FPFD - Expense Ratio Comparison
JHPI has a 0.54% expense ratio, which is lower than FPFD's 0.59% expense ratio.
Risk-Adjusted Performance
JHPI vs. FPFD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income ETF (JHPI) and Fidelity Preferred Securities & Income ETF (FPFD). 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.
Dividends
JHPI vs. FPFD - Dividend Comparison
JHPI's dividend yield for the trailing twelve months is around 6.05%, more than FPFD's 4.67% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
JHPI John Hancock Preferred Income ETF | 6.05% | 6.44% | 6.27% | 0.24% |
FPFD Fidelity Preferred Securities & Income ETF | 4.67% | 5.09% | 5.22% | 1.59% |
Drawdowns
JHPI vs. FPFD - Drawdown Comparison
The maximum JHPI drawdown since its inception was -13.45%, smaller than the maximum FPFD drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for JHPI and FPFD. For additional features, visit the drawdowns tool.
Volatility
JHPI vs. FPFD - Volatility Comparison
John Hancock Preferred Income ETF (JHPI) has a higher volatility of 0.99% compared to Fidelity Preferred Securities & Income ETF (FPFD) at 0.89%. This indicates that JHPI's price experiences larger fluctuations and is considered to be riskier than FPFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.