HPS vs NQP

Comparison between John Hancock Preferred Income Fund III (HPS, ETF) and Nuveen Pennsylvania Quality Municipal Income Fund (NQP, ETF).

5-Year PerformanceHPS has outperformed NQP, delivering a return of +3.2% compared to +1.8%

HPS vs NQP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HPS(ETF)	NQP(ETF)
Net Assets	$447M	$447M
Max Drawdown	77.70%	52.80%
Sharpe Ratio	0.69	1.59
5Y Beta	0.42	0.14
5Y Dividends CAGR	1.61%	9.08%

Net Assets

Winner

HPS

$447M

NQP

$447M

Max Drawdown

HPS

77.70%

Winner

NQP

52.80%

Sharpe Ratio

HPS

0.69

Winner

NQP

1.59

5Y Beta

HPS

0.42

Winner

NQP

0.14

5Y Dividends CAGR

HPS

1.61%

Winner

NQP

9.08%

HPS vs NQP - Historical Returns

Returns include dividend reinvestment.

Period	HPS	NQP
1 month	+1.26%	+3.66%
3 months	+1.18%	+3.34%
6 months	+5.81%	+4.31%
1 year	+12.43%	+16.81%
5 years(CAGR)	+3.22%	+1.80%
10 years(CAGR)	+5.42%	+3.13%
Max(CAGR)	+6.34%	+5.09%

HPS

+1.26%

Winner

NQP

+3.66%

HPS

+1.18%

Winner

NQP

+3.34%

Winner

HPS

+5.81%

NQP

+4.31%

HPS

+12.43%

Winner

NQP

+16.81%

5Y(CAGR)

Winner

HPS

+3.22%

NQP

+1.80%

10Y(CAGR)

Winner

HPS

+5.42%

NQP

+3.13%

Max(CAGR)

Winner

HPS

+6.34%

NQP

+5.09%

HPS vs NQP - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HPS	NQP
2026	+4.28%	+3.66%
2025	+4.36%	+13.80%
2024	+14.60%	+2.62%
2023	+8.17%	+6.47%
2022	-16.45%	-21.77%
2021	+17.69%	+8.19%
2020	-3.55%	+7.04%
2019	+28.82%	+20.03%
2018	-8.46%	-2.21%
2017	+13.28%	+5.96%
2016	+7.82%	+0.25%
2015	+6.30%	+6.09%
2014	+23.11%	+18.12%
2013	-11.53%	-17.82%
2012	+17.90%	+8.75%
2011	+15.87%	+21.27%
2010	+15.98%	+7.77%
2009	+43.51%	+44.63%
2008	-32.58%	-26.11%
2007	-13.59%	-0.08%
2006	+19.64%	+3.60%
2005	-4.03%	-4.98%
2004	-0.54%	+6.42%
2003	+3.37%	+13.32%
2002	N/A	+5.30%
2001	N/A	+10.51%
2000	N/A	+10.51%
1999	N/A	-9.51%

HPS vs NQP Drawdown Comparison

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

The maximum drawdown for NQP was -41.81%, occurring on Oct 10, 2008. Recovery took 380 trading sessions.

The current HPS drawdown is -1.83%. The current NQP drawdown is -0.50%.

Rank	HPS	NQP
#1	-69.92% Apr 10, 2007 - Jul 26, 2010	-41.81% Jan 29, 2008 - Jul 31, 2009
#2	-52.10% Feb 6, 2020 - Mar 31, 2021	-32.39% Nov 30, 2021 - Apr 9, 2026
#3	-29.36% Nov 1, 2021 - Jun 27, 2024	-24.68% Dec 3, 2012 - Feb 2, 2015
#4	-22.85% May 9, 2013 - Nov 25, 2014	-24.09% Mar 4, 2020 - Dec 30, 2020
#5	-21.28% Sep 12, 2018 - Feb 28, 2019	-17.24% Mar 24, 2004 - Oct 25, 2004
#6	-19.34% Apr 1, 2004 - Oct 15, 2004	-15.87% Jul 13, 2016 - May 30, 2019
#7	-17.68% Sep 8, 2016 - Jun 6, 2017	-15.04% Nov 8, 1999 - Jul 10, 2000
#8	-17.54% Sep 30, 2024 - Apr 8, 2025	-14.41% Oct 18, 2010 - Jul 11, 2011
#9	-16.38% Jun 23, 2011 - Aug 29, 2011	-12.69% Feb 9, 2005 - May 2, 2007
#10	-13.48% Nov 24, 2004 - Aug 21, 2006	-11.88% Jun 16, 2003 - Jan 9, 2004
#11	-11.26% Sep 24, 2010 - May 12, 2011	-9.80% Mar 4, 2002 - Jul 8, 2002
#12	-11.17% Apr 9, 2015 - Dec 23, 2015	-9.46% Oct 1, 2002 - Apr 1, 2003
#13	-11.13% Sep 1, 2011 - Oct 27, 2011	-8.69% May 7, 2007 - Jan 10, 2008
#14	-10.92% Oct 8, 2012 - Jan 23, 2013	-8.60% Jul 25, 2000 - Jan 3, 2001
#15	-9.00% Jul 2, 2003 - Nov 28, 2003	-8.51% Sep 7, 2001 - Feb 5, 2002

Correlation

Correlation between HPS and NQP is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (1999 - 2026)

HPS vs NQP dividend yield comparison.

Year	HPS	NQP
2026	4.56%	2.59%
2025	9.16%	7.87%
2024	8.78%	6.69%
2023	9.34%	3.07%
2022	9.15%	4.89%
2021	7.04%	4.51%
2020	7.63%	4.38%
2019	7.41%	4.23%
2018	9.26%	5.34%
2017	7.82%	5.34%
2016	8.27%	5.67%
2015	7.53%	6.10%
2014	8.21%	6.22%
2013	9.41%	6.90%
2012	7.71%	5.96%
2011	8.54%	6.04%
2010	8.42%	6.61%
2009	9.18%	5.67%
2008	14.39%	7.26%
2007	9.88%	5.00%
2006	7.39%	4.75%
2005	9.65%	6.72%
2004	9.42%	6.88%
2003	3.60%	5.92%
2002	0.00%	6.18%
2001	0.00%	6.12%
2000	0.00%	6.87%
1999	0.00%	1.21%