JHPI vs. VRP
Compare and contrast key facts about John Hancock Preferred Income ETF (JHPI) and Invesco Variable Rate Preferred ETF (VRP).
JHPI and VRP 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. VRP is a passively managed fund by Invesco that tracks the performance of the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index. It was launched on May 1, 2014.
Performance
JHPI vs. VRP - Performance Comparison
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JHPI vs. VRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JHPI John Hancock Preferred Income ETF | -0.26% | 7.37% | 10.54% | 7.25% | -9.55% | 0.62% |
VRP Invesco Variable Rate Preferred ETF | -0.19% | 7.34% | 11.10% | 10.35% | -9.00% | 0.94% |
Returns By Period
In the year-to-date period, JHPI achieves a -0.26% return, which is significantly lower than VRP's -0.19% return.
JHPI
- 1D
- 0.27%
- 1M
- -2.03%
- YTD
- -0.26%
- 6M
- 0.31%
- 1Y
- 6.56%
- 3Y*
- 8.73%
- 5Y*
- —
- 10Y*
- —
VRP
- 1D
- 0.67%
- 1M
- -1.55%
- YTD
- -0.19%
- 6M
- 0.77%
- 1Y
- 5.49%
- 3Y*
- 9.37%
- 5Y*
- 4.27%
- 10Y*
- 5.43%
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JHPI vs. VRP - Expense Ratio Comparison
JHPI has a 0.54% expense ratio, which is higher than VRP's 0.50% expense ratio.
Return for Risk
JHPI vs. VRP — Risk / Return Rank
JHPI
VRP
JHPI vs. VRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Preferred Income ETF (JHPI) and Invesco Variable Rate Preferred ETF (VRP). 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 | VRP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.33 | +0.34 |
Sortino ratioReturn per unit of downside risk | 2.21 | 1.79 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.37 | +0.72 |
Martin ratioReturn relative to average drawdown | 6.90 | 6.80 | +0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JHPI | VRP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.33 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.37 | +0.17 |
Correlation
The correlation between JHPI and VRP is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JHPI vs. VRP - Dividend Comparison
JHPI's dividend yield for the trailing twelve months is around 5.66%, less than VRP's 6.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHPI John Hancock Preferred Income ETF | 5.66% | 5.73% | 6.32% | 6.44% | 6.27% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRP Invesco Variable Rate Preferred ETF | 6.53% | 6.53% | 5.78% | 6.61% | 5.38% | 4.25% | 4.17% | 4.71% | 5.28% | 4.69% | 5.10% | 5.02% |
Drawdowns
JHPI vs. VRP - Drawdown Comparison
The maximum JHPI drawdown since its inception was -13.45%, smaller than the maximum VRP drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for JHPI and VRP.
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Drawdown Indicators
| JHPI | VRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.45% | -46.04% | +32.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.95% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.04% | — |
Current DrawdownCurrent decline from peak | -2.64% | -1.87% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -2.34% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.79% | +0.14% |
Volatility
JHPI vs. VRP - Volatility Comparison
The current volatility for John Hancock Preferred Income ETF (JHPI) is 1.51%, while Invesco Variable Rate Preferred ETF (VRP) has a volatility of 1.75%. This indicates that JHPI experiences smaller price fluctuations and is considered to be less risky than VRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHPI | VRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.75% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.22% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 4.16% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.54% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 14.53% | -8.14% |