JIPIX vs. SPYD
Compare and contrast key facts about John Hancock Funds Strategic Income Opportunities Fund (JIPIX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
JIPIX is managed by John Hancock. It was launched on Jan 3, 2010. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Performance
JIPIX vs. SPYD - Performance Comparison
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JIPIX vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JIPIX John Hancock Funds Strategic Income Opportunities Fund | -0.93% | 7.50% | 2.23% | 6.45% | -10.43% | 0.80% | 8.46% | 11.01% | -5.09% | 5.44% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 6.32% | 4.65% | 15.34% | 3.91% | -1.17% | 32.73% | -11.64% | 21.20% | -4.89% | 12.67% |
Returns By Period
In the year-to-date period, JIPIX achieves a -0.93% return, which is significantly lower than SPYD's 6.32% return. Over the past 10 years, JIPIX has underperformed SPYD with an annualized return of 2.65%, while SPYD has yielded a comparatively higher 8.49% annualized return.
JIPIX
- 1D
- 0.10%
- 1M
- -2.77%
- YTD
- -0.93%
- 6M
- 0.01%
- 1Y
- 5.22%
- 3Y*
- 3.94%
- 5Y*
- 0.98%
- 10Y*
- 2.65%
SPYD
- 1D
- 0.91%
- 1M
- -4.18%
- YTD
- 6.32%
- 6M
- 5.84%
- 1Y
- 7.66%
- 3Y*
- 11.19%
- 5Y*
- 7.79%
- 10Y*
- 8.49%
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JIPIX vs. SPYD - Expense Ratio Comparison
JIPIX has a 0.76% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Return for Risk
JIPIX vs. SPYD — Risk / Return Rank
JIPIX
SPYD
JIPIX vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Strategic Income Opportunities Fund (JIPIX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
| JIPIX | SPYD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 0.49 | +1.37 |
Sortino ratioReturn per unit of downside risk | 2.61 | 0.79 | +1.82 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.10 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 0.73 | +1.24 |
Martin ratioReturn relative to average drawdown | 8.29 | 2.60 | +5.69 |
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
| JIPIX | SPYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 0.49 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.48 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.43 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.45 | +0.57 |
Correlation
The correlation between JIPIX and SPYD is 0.42, 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
JIPIX vs. SPYD - Dividend Comparison
JIPIX's dividend yield for the trailing twelve months is around 3.53%, less than SPYD's 4.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIPIX John Hancock Funds Strategic Income Opportunities Fund | 3.53% | 3.73% | 2.59% | 2.23% | 3.77% | 2.87% | 2.03% | 2.72% | 3.71% | 3.14% | 2.54% | 6.91% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.37% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Drawdowns
JIPIX vs. SPYD - Drawdown Comparison
The maximum JIPIX drawdown since its inception was -15.43%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for JIPIX and SPYD.
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Drawdown Indicators
| JIPIX | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.43% | -46.42% | +30.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -12.35% | +9.48% |
Max Drawdown (5Y)Largest decline over 5 years | -15.43% | -22.25% | +6.82% |
Max Drawdown (10Y)Largest decline over 10 years | -15.43% | -46.42% | +30.99% |
Current DrawdownCurrent decline from peak | -2.77% | -4.34% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -2.45% | -6.24% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 3.46% | -2.78% |
Volatility
JIPIX vs. SPYD - Volatility Comparison
The current volatility for John Hancock Funds Strategic Income Opportunities Fund (JIPIX) is 1.36%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 3.08%. This indicates that JIPIX experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIPIX | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 3.08% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 8.62% | -6.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 15.71% | -12.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.10% | 16.25% | -12.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.11% | 19.80% | -15.69% |