HPS vs NFLT

Comparison between John Hancock Preferred Income Fund III (HPS, ETF) and VIRTUS NEWFLEET MULTI-SECTOR BOND ETF (NFLT, ETF).

5-Year PerformanceNFLT has outperformed HPS, delivering a return of +3.1% compared to +2.9%

HPS vs NFLT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HPS(ETF)	NFLT(ETF)
Net Assets	$440M	$439M
Expense Ratio	N/A	0.50%
Max Drawdown	77.70%	19.24%
Sharpe Ratio	0.86	0.58
5Y Beta	0.41	0.09
5Y Dividends CAGR	0.00%	7.37%

Net Assets

Winner

HPS

$440M

NFLT

$439M

Expense Ratio

HPS

N/A

NFLT

0.50%

Max Drawdown

HPS

77.70%

Winner

NFLT

19.24%

Sharpe Ratio

Winner

HPS

0.86

NFLT

0.58

5Y Beta

HPS

0.41

Winner

NFLT

0.09

5Y Dividends CAGR

HPS

0.00%

Winner

NFLT

7.37%

HPS vs NFLT - Historical Returns

Returns include dividend reinvestment.

Period	HPS	NFLT
1 month	+1.61%	-0.03%
3 months	+0.96%	+0.38%
6 months	+3.21%	+1.59%
1 year	+11.41%	+6.03%
5 years(CAGR)	+2.86%	+3.08%
10 years(CAGR)	+5.06%	+3.83%
Max(CAGR)	+6.32%	+4.09%

Winner

HPS

+1.61%

NFLT

-0.03%

Winner

HPS

+0.96%

NFLT

+0.38%

Winner

HPS

+3.21%

NFLT

+1.59%

Winner

HPS

+11.41%

NFLT

+6.03%

5Y(CAGR)

HPS

+2.86%

Winner

NFLT

+3.08%

10Y(CAGR)

Winner

HPS

+5.06%

NFLT

+3.83%

Max(CAGR)

Winner

HPS

+6.32%

NFLT

+4.09%

HPS vs NFLT - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	HPS	NFLT
2026	+4.42%	+1.75%
2025	+4.36%	+8.23%
2024	+14.60%	+6.16%
2023	+8.17%	+8.74%
2022	-16.45%	-9.30%
2021	+17.69%	+1.54%
2020	-3.55%	+8.12%
2019	+28.82%	+10.25%
2018	-8.46%	-2.52%
2017	+13.28%	+6.29%
2016	+7.82%	+7.57%
2015	+6.30%	-0.21%
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 NFLT Drawdown Comparison

The maximum drawdown for HPS was -69.92%, occurring on Mar 9, 2009. Recovery took 830 trading sessions.

The maximum drawdown for NFLT was -15.17%, occurring on Mar 19, 2020. Recovery took 108 trading sessions.

The current HPS drawdown is -1.70%. The current NFLT drawdown is -0.53%.

Rank	HPS	NFLT
#1	-69.92% Apr 10, 2007 - Jul 26, 2010	-15.17% Feb 21, 2020 - Jul 27, 2020
#2	-52.10% Feb 6, 2020 - Mar 31, 2021	-13.41% Sep 14, 2021 - May 21, 2024
#3	-29.36% Nov 1, 2021 - Jun 27, 2024	-3.72% Jan 5, 2018 - Mar 7, 2019
#4	-22.85% May 9, 2013 - Nov 25, 2014	-3.37% Oct 30, 2015 - Mar 21, 2016
#5	-21.28% Sep 12, 2018 - Feb 28, 2019	-2.89% Feb 28, 2025 - May 20, 2025
#6	-19.34% Apr 1, 2004 - Oct 15, 2004	-2.84% Oct 25, 2016 - Jan 11, 2017
#7	-17.68% Sep 8, 2016 - Jun 6, 2017	-2.41% Feb 23, 2026 - Apr 17, 2026
#8	-17.54% Sep 30, 2024 - Apr 8, 2025	-2.27% Feb 5, 2021 - Jun 9, 2021
#9	-16.38% Jun 23, 2011 - Aug 29, 2011	-1.93% Dec 9, 2024 - Jan 29, 2025
#10	-13.48% Nov 24, 2004 - Aug 21, 2006	-1.80% Oct 1, 2024 - Dec 9, 2024
#11	-11.26% Sep 24, 2010 - May 12, 2011	-1.64% Sep 7, 2016 - Oct 7, 2016
#12	-11.17% Apr 9, 2015 - Dec 23, 2015	-1.33% Mar 3, 2017 - Apr 10, 2017
#13	-11.13% Sep 1, 2011 - Oct 27, 2011	-1.13% May 8, 2026 - May 29, 2026
#14	-10.92% Oct 8, 2012 - Jan 23, 2013	-1.03% Oct 16, 2017 - Dec 4, 2017
#15	-9.00% Jul 2, 2003 - Nov 28, 2003	-0.99% Jun 13, 2024 - Jul 10, 2024

Correlation

Correlation between HPS and NFLT is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2003 - 2026)

HPS vs NFLT dividend yield comparison.

Year	HPS	NFLT
2026	5.35%	2.84%
2025	9.16%	5.74%
2024	8.78%	5.76%
2023	9.34%	6.02%
2022	9.15%	4.16%
2021	7.04%	3.41%
2020	7.63%	3.63%
2019	7.41%	4.33%
2018	9.26%	4.81%
2017	7.82%	6.23%
2016	8.27%	5.30%
2015	7.53%	0.67%
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%