HPI vs SPY
Comparison between John Hancock Preferred Income Fund (HPI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HPI, delivering a return of +13.3% compared to +3.1%
HPI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HPI vs SPY - Historical Returns
Returns include dividend reinvestment.
HPI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HPI | SPY |
|---|---|---|
| 2026 | +1.35% | +8.26% |
| 2025 | +5.59% | +18.00% |
| 2024 | +15.53% | +25.59% |
| 2023 | +7.09% | +26.72% |
| 2022 | -15.28% | -18.64% |
| 2021 | +14.58% | +30.52% |
| 2020 | -7.32% | +17.28% |
| 2019 | +28.96% | +31.09% |
| 2018 | -4.69% | -5.24% |
| 2017 | +12.55% | +20.78% |
| 2016 | +10.11% | +13.59% |
| 2015 | +5.09% | +1.31% |
| 2014 | +22.89% | +14.56% |
| 2013 | -13.79% | +29.00% |
| 2012 | +8.81% | +14.17% |
| 2011 | +24.71% | +0.85% |
| 2010 | +17.89% | +13.14% |
| 2009 | +28.42% | +22.67% |
| 2008 | -19.22% | -36.25% |
| 2007 | -18.86% | +5.32% |
| 2006 | +29.77% | +13.85% |
| 2005 | -6.62% | +5.32% |
| 2004 | +3.89% | +10.75% |
| 2003 | +7.98% | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
HPI vs SPY Drawdown Comparison
The maximum drawdown for HPI was -67.57%, occurring on Mar 9, 2009. Recovery took 752 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HPI drawdown is -3.54%. The current SPY drawdown is -2.90%.
| Rank | HPI | SPY |
|---|---|---|
| #1 | -67.57% Apr 13, 2007 - Apr 8, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -57.98% Feb 11, 2020 - Jun 28, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -30.07% Nov 9, 2021 - Jul 16, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -25.26% May 8, 2013 - Feb 9, 2015 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.51% Mar 16, 2004 - Oct 18, 2004 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.38% Sep 5, 2018 - Mar 6, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.90% Oct 10, 2024 - Apr 7, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -16.96% Aug 9, 2016 - May 1, 2017 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.82% Feb 10, 2005 - Mar 2, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.70% Jul 22, 2011 - Aug 29, 2011 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.13% Apr 8, 2010 - Jul 21, 2010 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.39% Aug 8, 2012 - Jan 17, 2013 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.19% Apr 10, 2015 - Jan 5, 2016 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.74% Sep 9, 2010 - May 4, 2011 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.07% Oct 1, 2019 - Feb 10, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HPI and SPY is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
HPI vs SPY dividend yield comparison.
| Year | HPI | SPY |
|---|---|---|
| 2026 | 3.08% | 0.24% |
| 2025 | 9.15% | 1.07% |
| 2024 | 8.91% | 1.21% |
| 2023 | 9.39% | 1.40% |
| 2022 | 9.23% | 1.65% |
| 2021 | 7.14% | 1.20% |
| 2020 | 7.53% | 1.52% |
| 2019 | 7.69% | 1.75% |
| 2018 | 8.92% | 2.04% |
| 2017 | 7.84% | 1.80% |
| 2016 | 8.26% | 2.03% |
| 2015 | 7.69% | 2.06% |
| 2014 | 8.23% | 1.87% |
| 2013 | 9.41% | 1.81% |
| 2012 | 7.67% | 2.18% |
| 2011 | 8.18% | 2.05% |
| 2010 | 7.97% | 1.80% |
| 2009 | 9.06% | 1.95% |
| 2008 | 13.42% | 3.02% |
| 2007 | 10.61% | 1.85% |
| 2006 | 8.12% | 1.73% |
| 2005 | 9.79% | 1.73% |
| 2004 | 8.69% | 1.82% |
| 2003 | 5.39% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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