HPS vs IBHH
Comparison between John Hancock Preferred Income Fund III (HPS, ETF) and ISHARES IBONDS 2028 TERM HIGH YIELD AND INCOME ETF (IBHH, ETF).
HPS vs IBHH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HPS
$447M
IBHH
$446M
Expense Ratio
HPS
N/A
IBHH
0.35%
Max Drawdown
HPS
77.70%
Winner
IBHH
14.74%
Sharpe Ratio
Winner
HPS
0.86
IBHH
0.80
5Y Beta
HPS
0.41
Winner
IBHH
0.19
5Y Dividends CAGR
HPS
1.61%
IBHH
N/A
HPS vs IBHH - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HPS
+1.26%
IBHH
+0.38%
3M
HPS
+1.18%
Winner
IBHH
+1.36%
6M
Winner
HPS
+5.81%
IBHH
+2.11%
1Y
Winner
HPS
+12.43%
IBHH
+6.42%
5Y(CAGR)
HPS
+3.22%
Winner
IBHH
+5.22%
10Y(CAGR)
HPS
+5.42%
IBHH
N/A
Max(CAGR)
Winner
HPS
+6.34%
IBHH
+5.22%
HPS vs IBHH - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | HPS | IBHH |
|---|---|---|
| 2026 | +4.28% | +1.73% |
| 2025 | +4.36% | +7.69% |
| 2024 | +14.60% | +8.26% |
| 2023 | +8.17% | +12.70% |
| 2022 | -16.45% | -6.71% |
| 2021 | +17.69% | N/A |
| 2020 | -3.55% | N/A |
| 2019 | +28.82% | N/A |
| 2018 | -8.46% | N/A |
| 2017 | +13.28% | N/A |
| 2016 | +7.82% | N/A |
| 2015 | +6.30% | N/A |
| 2014 | +23.11% | N/A |
| 2013 | -11.53% | N/A |
| 2012 | +17.90% | N/A |
| 2011 | +15.87% | N/A |
| 2010 | +15.98% | N/A |
| 2009 | +43.51% | N/A |
| 2008 | -32.58% | N/A |
| 2007 | -13.59% | N/A |
| 2006 | +19.64% | N/A |
| 2005 | -4.03% | N/A |
| 2004 | -0.54% | N/A |
| 2003 | +3.37% | N/A |
HPS vs IBHH Drawdown Comparison
The maximum drawdown for HPS was -69.92%, occurring on Mar 9, 2009. Recovery took 830 trading sessions.
The maximum drawdown for IBHH was -12.04%, occurring on Sep 27, 2022. Recovery took 414 trading sessions.
The current HPS drawdown is -1.83%. The current IBHH drawdown is -0.20%.
| Rank | HPS | IBHH |
|---|---|---|
| #1 | -69.92% Apr 10, 2007 - Jul 26, 2010 | -12.04% Mar 31, 2022 - Nov 22, 2023 |
| #2 | -52.10% Feb 6, 2020 - Mar 31, 2021 | -4.66% Feb 28, 2025 - May 12, 2025 |
| #3 | -29.36% Nov 1, 2021 - Jun 27, 2024 | -2.08% Mar 10, 2022 - Mar 17, 2022 |
| #4 | -22.85% May 9, 2013 - Nov 25, 2014 | -1.88% Mar 27, 2024 - May 6, 2024 |
| #5 | -21.28% Sep 12, 2018 - Feb 28, 2019 | -1.49% Dec 27, 2023 - Feb 1, 2024 |
| #6 | -19.34% Apr 1, 2004 - Oct 15, 2004 | -1.49% Dec 6, 2024 - Jan 16, 2025 |
| #7 | -17.68% Sep 8, 2016 - Jun 6, 2017 | -1.46% Sep 19, 2024 - Nov 29, 2024 |
| #8 | -17.54% Sep 30, 2024 - Apr 8, 2025 | -1.22% Feb 23, 2026 - Apr 8, 2026 |
| #9 | -16.38% Jun 23, 2011 - Aug 29, 2011 | -1.11% Feb 1, 2024 - Mar 6, 2024 |
| #10 | -13.48% Nov 24, 2004 - Aug 21, 2006 | -1.00% Oct 1, 2025 - Oct 23, 2025 |
| #11 | -11.26% Sep 24, 2010 - May 12, 2011 | -0.95% May 15, 2024 - Jun 5, 2024 |
| #12 | -11.17% Apr 9, 2015 - Dec 23, 2015 | -0.92% Mar 18, 2022 - Mar 29, 2022 |
| #13 | -11.13% Sep 1, 2011 - Oct 27, 2011 | -0.88% Jul 31, 2024 - Aug 13, 2024 |
| #14 | -10.92% Oct 8, 2012 - Jan 23, 2013 | -0.81% May 19, 2025 - May 29, 2025 |
| #15 | -9.00% Jul 2, 2003 - Nov 28, 2003 | -0.74% Dec 4, 2023 - Dec 13, 2023 |
Correlation
Correlation between HPS and IBHH is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
Dividend Comparison (2003 - 2026)
HPS vs IBHH dividend yield comparison.
| Year | HPS | IBHH |
|---|---|---|
| 2026 | 4.56% | 2.61% |
| 2025 | 9.16% | 6.39% |
| 2024 | 8.78% | 6.93% |
| 2023 | 9.34% | 6.65% |
| 2022 | 9.15% | 5.36% |
| 2021 | 7.04% | 0.00% |
| 2020 | 7.63% | 0.00% |
| 2019 | 7.41% | 0.00% |
| 2018 | 9.26% | 0.00% |
| 2017 | 7.82% | 0.00% |
| 2016 | 8.27% | 0.00% |
| 2015 | 7.53% | 0.00% |
| 2014 | 8.21% | 0.00% |
| 2013 | 9.41% | 0.00% |
| 2012 | 7.71% | 0.00% |
| 2011 | 8.54% | 0.00% |
| 2010 | 8.42% | 0.00% |
| 2009 | 9.18% | 0.00% |
| 2008 | 14.39% | 0.00% |
| 2007 | 9.88% | 0.00% |
| 2006 | 7.39% | 0.00% |
| 2005 | 9.65% | 0.00% |
| 2004 | 9.42% | 0.00% |
| 2003 | 3.60% | 0.00% |
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