HPI vs CEMB

Comparison between John Hancock Preferred Income Fund (HPI, ETF) and ISHARES J.P. MORGAN EM CORPORATE BOND ETF (CEMB, ETF).

5-Year PerformanceHPI has outperformed CEMB, delivering a return of +2.8% compared to +1.9%

HPI vs CEMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HPI(ETF)	CEMB(ETF)
Net Assets	$405M	$404M
Expense Ratio	N/A	0.50%
Max Drawdown	74.96%	25.91%
Sharpe Ratio	0.50	0.09
5Y Beta	0.39	0.13
5Y Dividends CAGR	0.00%	3.26%

Net Assets

Winner

HPI

$405M

CEMB

$404M

Expense Ratio

HPI

N/A

CEMB

0.50%

Max Drawdown

HPI

74.96%

Winner

CEMB

25.91%

Sharpe Ratio

Winner

HPI

0.50

CEMB

0.09

5Y Beta

HPI

0.39

Winner

CEMB

0.13

5Y Dividends CAGR

HPI

0.00%

Winner

CEMB

3.26%

HPI vs CEMB - Historical Returns

Returns include dividend reinvestment.

Period	HPI	CEMB
1 month	+0.70%	+0.82%
3 months	+1.62%	+0.75%
6 months	+3.23%	+0.49%
1 year	+8.31%	+4.21%
5 years(CAGR)	+2.76%	+1.88%
10 years(CAGR)	+4.65%	+3.37%
Max(CAGR)	+6.81%	+3.66%

HPI

+0.70%

Winner

CEMB

+0.82%

Winner

HPI

+1.62%

CEMB

+0.75%

Winner

HPI

+3.23%

CEMB

+0.49%

Winner

HPI

+8.31%

CEMB

+4.21%

5Y(CAGR)

Winner

HPI

+2.76%

CEMB

+1.88%

10Y(CAGR)

Winner

HPI

+4.65%

CEMB

+3.37%

Max(CAGR)

Winner

HPI

+6.81%

CEMB

+3.66%

HPI vs CEMB - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	HPI	CEMB
2026	+3.19%	+2.08%
2025	+5.59%	+8.77%
2024	+15.53%	+6.15%
2023	+7.09%	+8.26%
2022	-15.28%	-12.21%
2021	+14.58%	-0.61%
2020	-7.32%	+6.46%
2019	+28.96%	+13.74%
2018	-4.69%	-3.04%
2017	+12.55%	+6.77%
2016	+10.11%	+10.83%
2015	+5.09%	-1.70%
2014	+22.89%	+0.11%
2013	-13.79%	-5.29%
2012	+8.81%	+9.22%
2011	+24.71%	N/A
2010	+17.89%	N/A
2009	+28.42%	N/A
2008	-19.22%	N/A
2007	-18.86%	N/A
2006	+29.77%	N/A
2005	-6.62%	N/A
2004	+3.89%	N/A
2003	+7.98%	N/A

HPI vs CEMB Drawdown Comparison

The maximum drawdown for HPI was -67.57%, occurring on Mar 9, 2009. Recovery took 752 trading sessions.

The maximum drawdown for CEMB was -20.84%, occurring on Mar 19, 2020. Recovery took 114 trading sessions.

The current HPI drawdown is -1.79%.

Rank	HPI	CEMB
#1	-67.57% Apr 13, 2007 - Apr 8, 2010	-20.84% Feb 21, 2020 - Aug 4, 2020
#2	-57.98% Feb 11, 2020 - Jun 28, 2021	-20.49% Sep 13, 2021 - Sep 27, 2024
#3	-30.07% Nov 9, 2021 - Jul 16, 2024	-11.84% May 2, 2013 - Jun 2, 2014
#4	-25.26% May 8, 2013 - Feb 9, 2015	-9.58% May 11, 2015 - Apr 4, 2016
#5	-21.51% Mar 16, 2004 - Oct 18, 2004	-7.73% Jul 10, 2014 - Apr 24, 2015
#6	-21.38% Sep 5, 2018 - Mar 6, 2019	-5.60% Jan 11, 2018 - Feb 4, 2019
#7	-18.90% Oct 10, 2024 - Apr 7, 2025	-4.05% Oct 25, 2016 - Jan 9, 2017
#8	-16.96% Aug 9, 2016 - May 1, 2017	-3.10% Feb 28, 2025 - May 29, 2025
#9	-15.82% Feb 10, 2005 - Mar 2, 2006	-2.88% Feb 27, 2026 - Jun 1, 2026
#10	-14.70% Jul 22, 2011 - Aug 29, 2011	-2.75% May 7, 2012 - Jun 21, 2012
#11	-13.13% Apr 8, 2010 - Jul 21, 2010	-2.49% Feb 10, 2021 - Jun 15, 2021
#12	-12.39% Aug 8, 2012 - Jan 17, 2013	-2.49% May 12, 2016 - Jul 8, 2016
#13	-10.19% Apr 10, 2015 - Jan 5, 2016	-2.29% Jan 24, 2013 - Apr 5, 2013
#14	-9.74% Sep 9, 2010 - May 4, 2011	-2.11% Sep 27, 2024 - Feb 24, 2025
#15	-9.07% Oct 1, 2019 - Feb 10, 2020	-2.11% Sep 11, 2012 - Oct 16, 2012

Correlation

Correlation between HPI and CEMB is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2003 - 2026)

HPI vs CEMB dividend yield comparison.

Year	HPI	CEMB
2026	5.42%	3.02%
2025	9.15%	5.14%
2024	8.91%	5.11%
2023	9.39%	4.77%
2022	9.23%	4.29%
2021	7.14%	3.51%
2020	7.53%	3.86%
2019	7.69%	4.19%
2018	8.92%	4.66%
2017	7.84%	4.06%
2016	8.26%	4.26%
2015	7.69%	4.76%
2014	8.23%	4.23%
2013	9.41%	3.93%
2012	7.67%	2.50%
2011	8.18%	0.00%
2010	7.97%	0.00%
2009	9.06%	0.00%
2008	13.42%	0.00%
2007	10.61%	0.00%
2006	8.12%	0.00%
2005	9.79%	0.00%
2004	8.69%	0.00%
2003	5.39%	0.00%