John Hancock Preferred Income ETF (JHPI) Performance
JHPI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.3% since Dec 31, 2025
- 1 year
- −1.2% total return
- 3 years
- +9.2% a year
- Since first price
- +2.8% a year since 2021
JHPI trailing returns vs AGG, TLT, SPY
| Period | JHPI total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.5% | −1.9% | +0.9% | +1.5% | −1.0% |
| 3 months | −2.7% | −4.1% | −0.4% | −1.0% | +3.2% |
| 6 months | −3.5% | −6.3% | −1.5% | −3.8% | +7.8% |
| YTD | −1.3% | −5.1% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.2% | −6.9% | −1.1% | −6.9% | +14.4% |
| 3 years | +30.1%+9.2%/yr | +8.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionDec 15, 2021 | +14.3%+2.8%/yr | −14.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JHPI vs AGG
From Dec 15, 2021: JHPI grew to $11,431, AGG to $9,873.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JHPI returns by calendar year
3 of 4 full years positive. Best 2024 (+10.5%), worst 2022 (−9.5%). 2026 is year to date.
JHPI annual returns table
| Year | JHPI | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.3% | −3.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.4% | −4.0% | +7.2% | +4.3% | +17.7% |
| 2024 | +10.5% | −2.5% | +1.3% | −8.1% | +24.9% |
| 2023 | +7.3% | −11.5% | +5.7% | +2.8% | +26.2% |
| 2022 | −9.5% | −11.9% | −13.0% | −31.2% | −18.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JHPI largest drawdowns
Now 3.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 3, 2022 | −13.5% | Mar 20, 2023 | Mar 7, 2024 | 1.2 years | 2.2 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
JHPI risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | +7.8% | +2.8% |
| Volatility (annualized) | 6.3% | 8.3% |
| Sharpe ratio | 0.54 | -0.09 |
| Sortino ratio | 0.90 | -0.13 |
| Best month | +6.3% | +7.3% |
| Worst month | −3.2% | −5.9% |
| Best 12 months | +22.7% | +22.7% |
| Worst 12 months | −0.6% | −9.5% |
| Positive months | 64% | 54% |
| Beta vs S&P 500 | 0.38 | — |
| Correlation with S&P 500 | 0.74 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JHPI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 47 | −9.5% | +6.5% | +22.7% | 74% |
| 3-year (a year) | 23 | +2.4% | +7.7% | +9.3% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
JHPI performance overview
John Hancock Preferred Income ETF (JHPI) returned −1.2% over the past year, with distributions reinvested. Since its first recorded price in 2021 it has returned +2.8% a year, turning $10,000 into about $11,431. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −13.5%, from Jan 3, 2022 to Mar 20, 2023, and it took 12 months to get back to the old high. JHPI finished 3 of its 4 full calendar years with a gain; the best year was 2024 (+10.5%) and the worst 2022 (−9.5%). Volatility has been 8.3% a year.
Related: JHPI chart, JHPI dividends, JHPI bond profile. See the JHPI overview for the latest quote and fund facts.
JHPI performance FAQ
What is the JHPI return over the past year?
JHPI returned −1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.9%.
How much would $10,000 invested in JHPI be worth?
$10,000 invested in JHPI at its first recorded close on December 15, 2021 would be worth about $11,431 on October 23, 2026 with distributions reinvested.
What was the worst year for JHPI?
The worst calendar year was 2022, with a total return of −9.5%. The best was 2024 at +10.5%.
What is the biggest drawdown of JHPI?
The largest peak-to-trough decline was −13.5% between January 3, 2022 and March 20, 2023. It recovered to the old high on March 7, 2024, 12 months after the bottom.
How volatile is JHPI?
Over the past 3 years JHPI had an annualized volatility of 6.3% and a Sharpe ratio of 0.54 (excess return over 1–3 month T-bills per unit of risk).