JHPI vs. JHLN
JHPI (John Hancock Preferred Income ETF) and JHLN (John Hancock Global Senior Loan ETF) are both exchange-traded funds - JHPI is a Preferred Stock/Convertible Bonds fund actively managed by John Hancock, while JHLN is a Bank Loan fund actively managed by John Hancock. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. JHPI charges 0.54%/yr vs 0.59%/yr for JHLN.
Performance
JHPI vs. JHLN - Performance Comparison
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Returns By Period
In the year-to-date period, JHPI achieves a 1.81% return, which is significantly higher than JHLN's 1.17% return.
JHPI
- 1D
- 0.04%
- 1M
- -0.04%
- 6M
- 1.12%
- YTD
- 1.81%
- 1Y
- 6.09%
- 3Y*
- 8.87%
- 5Y*
- —
- 10Y*
- —
JHLN
- 1D
- -0.12%
- 1M
- 0.75%
- 6M
- 1.32%
- YTD
- 1.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JHPI vs. JHLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHPI John Hancock Preferred Income ETF | 1.81% | 2.26% |
JHLN John Hancock Global Senior Loan ETF | 1.17% | 1.55% |
Correlation
The correlation between JHPI and JHLN is 0.06, 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 | 0.06 |
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Return for Risk
JHPI vs. JHLN — Risk / Return Rank
JHPI
JHLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JHPI vs. JHLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income ETF (JHPI) and John Hancock Global Senior Loan ETF (JHLN). 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 | JHLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | — | — |
| Martin ratioReturn relative to average drawdown | 7.38 | — | — |
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Drawdowns
JHPI vs. JHLN - Drawdown Comparison
The maximum JHPI drawdown since its inception was -13.45%, which is greater than JHLN's maximum drawdown of -1.46%. Use the drawdown chart below to compare losses from any high point for JHPI and JHLN.
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Drawdown Indicators
| JHPI | JHLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.45% | -1.46% | -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 | -0.63% | -0.12% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -0.29% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | — | — |
Volatility
JHPI vs. JHLN - Volatility Comparison
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Volatility by Period
| JHPI | JHLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 2.58% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 2.58% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 2.58% | +3.66% |
JHPI vs. JHLN - Expense Ratio Comparison
JHPI has a 0.54% expense ratio, which is lower than JHLN's 0.59% expense ratio.
Dividends
JHPI vs. JHLN - Dividend Comparison
JHPI's dividend yield for the trailing twelve months is around 5.67%, more than JHLN's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JHLN John Hancock Global Senior Loan ETF | 4.30% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% |
JHPI John Hancock Preferred Income ETF | 5.67% | 5.73% | 6.32% | 6.44% | 6.27% | 0.24% |
Frequently Asked Questions
JHPI and JHLN have a correlation of 0.06, 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 5.67%, compared with 4.30% for JHLN.
JHPI is categorized as Preferred Stock/Convertible Bonds, while JHLN is Bank Loan. Their fees differ too: 0.54% for JHPI and 0.59% for JHLN.
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