PFF vs. JHPI
Compare and contrast key facts about iShares Preferred and Income Securities ETF (PFF) and John Hancock Preferred Income ETF (JHPI).
PFF and JHPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFF is a passively managed fund by iShares that tracks the performance of the S&P U.S. Preferred Stock Index. It was launched on Mar 30, 2007. JHPI is an actively managed fund by John Hancock. It was launched on Dec 14, 2021.
Performance
PFF vs. JHPI - Performance Comparison
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PFF vs. JHPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | -0.76% | 4.87% | 7.24% | 9.22% | -18.19% | 2.17% |
JHPI John Hancock Preferred Income ETF | -0.04% | 7.37% | 10.54% | 7.25% | -9.55% | 0.62% |
Returns By Period
In the year-to-date period, PFF achieves a -0.76% return, which is significantly lower than JHPI's -0.04% return.
PFF
- 1D
- 0.67%
- 1M
- -2.98%
- YTD
- -0.76%
- 6M
- -1.89%
- 1Y
- 5.48%
- 3Y*
- 5.63%
- 5Y*
- 1.15%
- 10Y*
- 3.31%
JHPI
- 1D
- 0.22%
- 1M
- -1.83%
- YTD
- -0.04%
- 6M
- 0.15%
- 1Y
- 6.79%
- 3Y*
- 8.81%
- 5Y*
- —
- 10Y*
- —
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PFF vs. JHPI - Expense Ratio Comparison
PFF has a 0.46% expense ratio, which is lower than JHPI's 0.54% expense ratio.
Return for Risk
PFF vs. JHPI — Risk / Return Rank
PFF
JHPI
PFF vs. JHPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) and John Hancock Preferred Income ETF (JHPI). 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.
| PFF | JHPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.72 | -1.06 |
Sortino ratioReturn per unit of downside risk | 0.97 | 2.29 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.35 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 2.21 | -1.20 |
Martin ratioReturn relative to average drawdown | 2.85 | 7.21 | -4.36 |
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
| PFF | JHPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.72 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.55 | -0.35 |
Correlation
The correlation between PFF and JHPI is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PFF vs. JHPI - Dividend Comparison
PFF's dividend yield for the trailing twelve months is around 5.85%, more than JHPI's 5.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | 5.85% | 6.30% | 6.32% | 6.63% | 6.01% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% |
JHPI John Hancock Preferred Income ETF | 5.64% | 5.73% | 6.32% | 6.44% | 6.27% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFF vs. JHPI - Drawdown Comparison
The maximum PFF drawdown since its inception was -65.55%, which is greater than JHPI's maximum drawdown of -13.45%. Use the drawdown chart below to compare losses from any high point for PFF and JHPI.
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Drawdown Indicators
| PFF | JHPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.55% | -13.45% | -52.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.28% | -3.08% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.10% | — | — |
Current DrawdownCurrent decline from peak | -4.01% | -2.43% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -3.87% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.94% | +0.92% |
Volatility
PFF vs. JHPI - Volatility Comparison
iShares Preferred and Income Securities ETF (PFF) has a higher volatility of 2.69% compared to John Hancock Preferred Income ETF (JHPI) at 1.52%. This indicates that PFF's price experiences larger fluctuations and is considered to be riskier than JHPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFF | JHPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 1.52% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | 2.53% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.33% | 3.96% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.26% | 6.39% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 6.39% | +6.24% |