HPF vs DSM

Comparison between John Hancock Preferred Income Fund II (HPF, ETF) and BNY Mellon Strategic Municipal Bond Fund Inc (DSM, ETF).

5-Year PerformanceHPF has outperformed DSM, delivering a return of +3.0% compared to -1.5%

HPF vs DSM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HPF(ETF)	DSM(ETF)
Net Assets	$328M	$326M
Max Drawdown	74.26%	53.69%
Sharpe Ratio	0.83	1.04
5Y Beta	0.38	0.19
5Y Dividends CAGR	0.01%	-3.58%

Net Assets

Winner

HPF

$328M

DSM

$326M

Max Drawdown

HPF

74.26%

Winner

DSM

53.69%

Sharpe Ratio

HPF

0.83

Winner

DSM

1.04

5Y Beta

HPF

0.38

Winner

DSM

0.19

5Y Dividends CAGR

Winner

HPF

0.01%

DSM

-3.58%

HPF vs DSM - Historical Returns

Returns include dividend reinvestment.

Period	HPF	DSM
1 month	+1.80%	-1.15%
3 months	+2.80%	-0.09%
6 months	+3.20%	+1.86%
1 year	+10.58%	+14.47%
5 years(CAGR)	+2.98%	-1.55%
10 years(CAGR)	+4.84%	+0.85%
Max(CAGR)	+6.99%	+5.10%

Winner

HPF

+1.80%

DSM

-1.15%

Winner

HPF

+2.80%

DSM

-0.09%

Winner

HPF

+3.20%

DSM

+1.86%

HPF

+10.58%

Winner

DSM

+14.47%

5Y(CAGR)

Winner

HPF

+2.98%

DSM

-1.55%

10Y(CAGR)

Winner

HPF

+4.84%

DSM

+0.85%

Max(CAGR)

Winner

HPF

+6.99%

DSM

+5.10%

HPF vs DSM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HPF	DSM
2026	+4.12%	-0.07%
2025	+5.47%	+10.70%
2024	+11.75%	+4.98%
2023	+9.70%	+3.00%
2022	-18.34%	-27.37%
2021	+19.11%	+11.90%
2020	-7.71%	+3.37%
2019	+24.95%	+18.05%
2018	-4.87%	-13.10%
2017	+13.87%	+12.39%
2016	+11.23%	+4.71%
2015	+3.45%	+7.30%
2014	+22.16%	+15.36%
2013	-12.91%	-16.99%
2012	+10.84%	+14.93%
2011	+22.05%	+24.19%
2010	+18.20%	+5.63%
2009	+34.03%	+45.32%
2008	-22.68%	-24.63%
2007	-20.11%	-13.34%
2006	+30.35%	+23.72%
2005	-7.39%	+1.31%
2004	+5.52%	+4.76%
2003	+13.94%	+18.37%
2002	-0.04%	+2.05%
2001	N/A	+3.76%
2000	N/A	+23.02%
1999	N/A	-6.54%

HPF vs DSM Drawdown Comparison

The maximum drawdown for HPF was -66.58%, occurring on Mar 9, 2009. Recovery took 806 trading sessions.

The maximum drawdown for DSM was -49.10%, occurring on Oct 10, 2008. Recovery took 691 trading sessions.

The current HPF drawdown is -0.98%. The current DSM drawdown is -12.45%.

Rank	HPF	DSM
#1	-66.58% May 10, 2007 - Jul 22, 2010	-49.10% May 4, 2007 - Feb 1, 2010
#2	-54.74% Feb 19, 2020 - Apr 1, 2021	-38.73% Aug 3, 2021 - Oct 25, 2023
#3	-31.20% Aug 30, 2021 - Sep 16, 2024	-31.97% Nov 6, 2019 - May 5, 2021
#4	-24.59% May 8, 2013 - Jan 9, 2015	-23.32% Jan 9, 2013 - Dec 21, 2015
#5	-21.13% Mar 31, 2004 - Nov 26, 2004	-17.18% Oct 1, 2010 - Aug 31, 2011
#6	-17.84% Sep 12, 2018 - Jan 31, 2019	-16.59% Aug 2, 2017 - May 9, 2019
#7	-16.95% Sep 8, 2016 - May 26, 2017	-16.42% Feb 18, 2004 - Nov 3, 2004
#8	-16.90% Oct 10, 2024 - Apr 8, 2025	-13.68% Jul 8, 2005 - Aug 16, 2006
#9	-15.14% Feb 9, 2005 - Mar 22, 2006	-12.71% Sep 30, 2002 - Mar 4, 2003
#10	-13.58% Jul 22, 2011 - Aug 29, 2011	-12.32% Nov 12, 1999 - Jan 28, 2000
#11	-11.26% Apr 24, 2015 - Jan 8, 2016	-12.03% Aug 13, 2001 - Jul 1, 2002
#12	-11.24% Oct 16, 2012 - Mar 20, 2013	-11.60% Sep 28, 2016 - Jul 12, 2017
#13	-9.84% Sep 9, 2010 - May 3, 2011	-11.55% Jun 16, 2003 - Jan 7, 2004
#14	-9.53% Aug 3, 2017 - Jun 8, 2018	-8.87% Jan 28, 2000 - Apr 4, 2000
#15	-9.52% Aug 31, 2011 - Dec 22, 2011	-7.89% Sep 30, 2011 - Dec 6, 2011

Correlation

Correlation between HPF and DSM is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (1999 - 2026)

HPF vs DSM dividend yield comparison.

Year	HPF	DSM
2026	5.43%	3.12%
2025	9.22%	4.07%
2024	8.95%	3.72%
2023	9.39%	4.27%
2022	9.45%	5.95%
2021	7.10%	4.31%
2020	7.80%	4.57%
2019	7.32%	5.19%
2018	8.96%	6.11%
2017	7.82%	5.82%
2016	8.30%	6.19%
2015	7.85%	6.17%
2014	8.26%	7.71%
2013	9.39%	7.68%
2012	7.76%	6.60%
2011	8.41%	6.56%
2010	8.00%	7.22%
2009	9.10%	6.09%
2008	14.09%	8.38%
2007	9.97%	6.37%
2006	9.02%	5.39%
2005	10.32%	7.15%
2004	8.59%	7.19%
2003	9.17%	6.90%
2002	0.00%	6.94%
2001	0.00%	6.67%
2000	0.00%	6.94%
1999	0.00%	1.36%