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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JIPIX or SPYD.
Key characteristics
| JIPIX | SPYD | |
|---|---|---|
| YTD Return | 3.87% | 21.75% |
| 1Y Return | 11.78% | 36.89% |
| 3Y Return (Ann) | 0.13% | 9.12% |
| 5Y Return (Ann) | 2.24% | 9.19% |
| Sharpe Ratio | 2.80 | 2.63 |
| Sortino Ratio | 4.27 | 3.74 |
| Omega Ratio | 1.57 | 1.47 |
| Calmar Ratio | 0.97 | 1.71 |
| Martin Ratio | 13.76 | 17.42 |
| Ulcer Index | 0.82% | 2.19% |
| Daily Std Dev | 4.04% | 14.49% |
| Max Drawdown | -15.16% | -46.42% |
| Current Drawdown | -1.07% | 0.00% |
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.
Performance
JIPIX vs. SPYD - Performance Comparison
In the year-to-date period, JIPIX achieves a 3.87% return, which is significantly lower than SPYD's 21.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
JIPIX vs. SPYD - Risk-Adjusted Performance 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.
Dividends
JIPIX vs. SPYD - Dividend Comparison
JIPIX's dividend yield for the trailing twelve months is around 3.36%, less than SPYD's 4.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIPIX John Hancock Funds Strategic Income Opportunities Fund | 3.36% | 3.29% | 4.08% | 3.07% | 2.16% | 2.71% | 3.71% | 3.16% | 2.54% | 6.42% | 3.89% | 6.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.00% | 4.66% | 5.01% | 3.68% | 4.95% | 4.43% | 4.75% | 4.63% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
JIPIX vs. SPYD - Drawdown Comparison
The maximum JIPIX drawdown since its inception was -15.16%, 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. For additional features, visit the drawdowns tool.
Volatility
JIPIX vs. SPYD - Volatility Comparison
The current volatility for John Hancock Funds Strategic Income Opportunities Fund (JIPIX) is 0.76%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 2.50%. 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.