HPI vs NCV

Comparison between John Hancock Preferred Income Fund (HPI, ETF) and Virtus Convertible & Income Fund (NCV, ETF).

5-Year PerformanceNCV has outperformed HPI, delivering a return of +5.5% compared to +3.1%

HPI vs NCV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HPI(ETF)	NCV(ETF)
Net Assets	$422M	$420M
Max Drawdown	74.96%	84.83%
Sharpe Ratio	0.64	2.08
5Y Beta	0.39	0.74
5Y Dividends CAGR	3.40%	-1.12%

Net Assets

Winner

HPI

$422M

NCV

$420M

Max Drawdown

Winner

HPI

74.96%

NCV

84.83%

Sharpe Ratio

HPI

0.64

Winner

NCV

2.08

5Y Beta

Winner

HPI

0.39

NCV

0.74

5Y Dividends CAGR

Winner

HPI

3.40%

NCV

-1.12%

HPI vs NCV - Historical Returns

Returns include dividend reinvestment.

Period	HPI	NCV
1 month	-0.84%	+1.73%
3 months	+0.59%	+10.81%
6 months	-0.35%	+16.64%
1 year	+9.35%	+40.69%
5 years(CAGR)	+3.10%	+5.50%
10 years(CAGR)	+4.74%	+8.15%
Max(CAGR)	+6.79%	+6.57%

HPI

-0.84%

Winner

NCV

+1.73%

HPI

+0.59%

Winner

NCV

+10.81%

HPI

-0.35%

Winner

NCV

+16.64%

HPI

+9.35%

Winner

NCV

+40.69%

5Y(CAGR)

HPI

+3.10%

Winner

NCV

+5.50%

10Y(CAGR)

HPI

+4.74%

Winner

NCV

+8.15%

Max(CAGR)

Winner

HPI

+6.79%

NCV

+6.57%

HPI vs NCV - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	HPI	NCV
2026	+1.35%	+16.90%
2025	+5.59%	+22.91%
2024	+15.53%	+16.54%
2023	+7.09%	+13.01%
2022	-15.28%	-33.85%
2021	+14.58%	+11.44%
2020	-7.32%	+12.09%
2019	+28.96%	+20.19%
2018	-4.69%	-16.72%
2017	+12.55%	+23.13%
2016	+10.11%	+28.60%
2015	+5.09%	-32.82%
2014	+22.89%	+8.50%
2013	-13.79%	+21.81%
2012	+8.81%	+9.97%
2011	+24.71%	-7.46%
2010	+17.89%	+25.26%
2009	+28.42%	+112.18%
2008	-19.22%	-58.08%
2007	-18.86%	-16.53%
2006	+29.77%	+21.89%
2005	-6.62%	+0.06%
2004	+3.89%	+14.67%
2003	+7.98%	+18.55%

HPI vs NCV Drawdown Comparison

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

The maximum drawdown for NCV was -78.88%, occurring on Nov 21, 2008. Recovery took 917 trading sessions.

The current HPI drawdown is -3.54%. The current NCV drawdown is -2.34%.

Rank	HPI	NCV
#1	-67.57% Apr 13, 2007 - Apr 8, 2010	-78.88% Jun 5, 2007 - Jan 24, 2011
#2	-57.98% Feb 11, 2020 - Jun 28, 2021	-56.13% Feb 13, 2020 - Dec 7, 2020
#3	-30.07% Nov 9, 2021 - Jul 16, 2024	-47.95% Jul 3, 2014 - Oct 6, 2017
#4	-25.26% May 8, 2013 - Feb 9, 2015	-44.60% Nov 5, 2021 - Nov 10, 2025
#5	-21.51% Mar 16, 2004 - Oct 18, 2004	-30.39% Sep 14, 2018 - Feb 10, 2020
#6	-21.38% Sep 5, 2018 - Mar 6, 2019	-27.22% Apr 4, 2011 - Sep 12, 2012
#7	-18.90% Oct 10, 2024 - Apr 7, 2025	-15.11% Feb 10, 2004 - Sep 7, 2004
#8	-16.96% Aug 9, 2016 - May 1, 2017	-12.69% Dec 30, 2004 - Jul 28, 2005
#9	-15.82% Feb 10, 2005 - Mar 2, 2006	-11.98% Oct 8, 2012 - Jan 23, 2013
#10	-14.70% Jul 22, 2011 - Aug 29, 2011	-11.39% Feb 11, 2026 - Apr 9, 2026
#11	-13.13% Apr 8, 2010 - Jul 21, 2010	-11.17% May 21, 2013 - Oct 17, 2013
#12	-12.39% Aug 8, 2012 - Jan 17, 2013	-8.21% Feb 10, 2021 - Jun 1, 2021
#13	-10.19% Apr 10, 2015 - Jan 5, 2016	-8.02% Jul 11, 2003 - Oct 3, 2003
#14	-9.74% Sep 9, 2010 - May 4, 2011	-7.53% Jul 7, 2021 - Aug 31, 2021
#15	-9.07% Oct 1, 2019 - Feb 10, 2020	-7.40% Sep 8, 2005 - Jan 6, 2006

Correlation

Correlation between HPI and NCV is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2003 - 2026)

HPI vs NCV dividend yield comparison.

Year	HPI	NCV
2026	3.08%	3.97%
2025	9.15%	10.77%
2024	8.91%	11.76%
2023	9.39%	12.86%
2022	9.23%	15.00%
2021	7.14%	8.75%
2020	7.53%	9.41%
2019	7.69%	11.61%
2018	8.92%	15.03%
2017	7.84%	11.10%
2016	8.26%	12.23%
2015	7.69%	17.69%
2014	8.23%	11.46%
2013	9.41%	11.12%
2012	7.67%	12.43%
2011	8.18%	13.34%
2010	7.97%	12.23%
2009	9.06%	10.68%
2008	13.42%	26.94%
2007	10.61%	12.30%
2006	8.12%	10.49%
2005	9.79%	14.76%
2004	8.69%	13.92%
2003	5.39%	6.70%