LDP vs. HPS
Compare and contrast key facts about Cohen and Steers Limited Duration Preferred and Income Fund (LDP) and John Hancock Preferred Income Fund III (HPS).
LDP is managed by Cohen and Steers. It was launched on May 1, 2012. HPS is managed by John Hancock. It was launched on Jun 19, 2003.
Performance
LDP vs. HPS - Performance Comparison
Loading graphics...
LDP vs. HPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LDP Cohen and Steers Limited Duration Preferred and Income Fund | -3.89% | 13.04% | 18.49% | 5.79% | -22.31% | 7.81% | 9.49% | 29.72% | -9.69% | 14.56% |
HPS John Hancock Preferred Income Fund III | 1.08% | 4.86% | 15.65% | 7.66% | -16.56% | 16.44% | -3.00% | 31.43% | -8.37% | 14.32% |
Returns By Period
In the year-to-date period, LDP achieves a -3.89% return, which is significantly lower than HPS's 1.08% return. Over the past 10 years, LDP has outperformed HPS with an annualized return of 6.62%, while HPS has yielded a comparatively lower 5.59% annualized return.
LDP
- 1D
- 3.20%
- 1M
- -5.73%
- YTD
- -3.89%
- 6M
- -4.38%
- 1Y
- 5.74%
- 3Y*
- 12.47%
- 5Y*
- 2.65%
- 10Y*
- 6.62%
HPS
- 1D
- 2.96%
- 1M
- -2.92%
- YTD
- 1.08%
- 6M
- -3.58%
- 1Y
- 3.89%
- 3Y*
- 8.40%
- 5Y*
- 3.44%
- 10Y*
- 5.59%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LDP vs. HPS - Expense Ratio Comparison
LDP has a 0.01% expense ratio, which is higher than HPS's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
LDP vs. HPS — Risk / Return Rank
LDP
HPS
LDP vs. HPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen and Steers Limited Duration Preferred and Income Fund (LDP) and John Hancock Preferred Income Fund III (HPS). 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.
| LDP | HPS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 0.31 | +0.17 |
Sortino ratioReturn per unit of downside risk | 0.69 | 0.49 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.07 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.35 | +0.25 |
Martin ratioReturn relative to average drawdown | 2.22 | 0.93 | +1.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| LDP | HPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.31 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.22 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.26 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.24 | +0.11 |
Correlation
The correlation between LDP and HPS is 0.45, 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
LDP vs. HPS - Dividend Comparison
LDP's dividend yield for the trailing twelve months is around 7.87%, less than HPS's 9.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDP Cohen and Steers Limited Duration Preferred and Income Fund | 7.87% | 7.43% | 7.78% | 8.66% | 8.52% | 7.99% | 6.74% | 7.14% | 8.58% | 7.56% | 7.67% | 8.31% |
HPS John Hancock Preferred Income Fund III | 9.27% | 9.16% | 8.78% | 9.34% | 9.15% | 7.04% | 7.63% | 7.41% | 9.26% | 7.82% | 8.27% | 7.53% |
Drawdowns
LDP vs. HPS - Drawdown Comparison
The maximum LDP drawdown since its inception was -49.59%, smaller than the maximum HPS drawdown of -70.04%. Use the drawdown chart below to compare losses from any high point for LDP and HPS.
Loading graphics...
Drawdown Indicators
| LDP | HPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.59% | -70.04% | +20.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -10.04% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -32.12% | -29.39% | -2.73% |
Max Drawdown (10Y)Largest decline over 10 years | -49.59% | -52.12% | +2.53% |
Current DrawdownCurrent decline from peak | -6.48% | -5.69% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -8.41% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.76% | -1.24% |
Volatility
LDP vs. HPS - Volatility Comparison
Cohen and Steers Limited Duration Preferred and Income Fund (LDP) has a higher volatility of 5.49% compared to John Hancock Preferred Income Fund III (HPS) at 5.07%. This indicates that LDP's price experiences larger fluctuations and is considered to be riskier than HPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| LDP | HPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 5.07% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 7.61% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 12.67% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.43% | 15.68% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.08% | 21.46% | -1.38% |