HPS vs SPY
Comparison between John Hancock Preferred Income Fund III (HPS, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HPS, delivering a return of +13.0% compared to +2.9%
HPS vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HPS vs SPY - Historical Returns
Returns include dividend reinvestment.
HPS vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HPS | SPY |
|---|---|---|
| 2026 | +4.42% | +10.11% |
| 2025 | +4.36% | +18.00% |
| 2024 | +14.60% | +25.59% |
| 2023 | +8.17% | +26.72% |
| 2022 | -16.45% | -18.64% |
| 2021 | +17.69% | +30.52% |
| 2020 | -3.55% | +17.28% |
| 2019 | +28.82% | +31.09% |
| 2018 | -8.46% | -5.24% |
| 2017 | +13.28% | +20.78% |
| 2016 | +7.82% | +13.59% |
| 2015 | +6.30% | +1.31% |
| 2014 | +23.11% | +14.56% |
| 2013 | -11.53% | +29.00% |
| 2012 | +17.90% | +14.17% |
| 2011 | +15.87% | +0.85% |
| 2010 | +15.98% | +13.14% |
| 2009 | +43.51% | +22.67% |
| 2008 | -32.58% | -36.25% |
| 2007 | -13.59% | +5.32% |
| 2006 | +19.64% | +13.85% |
| 2005 | -4.03% | +5.32% |
| 2004 | -0.54% | +10.75% |
| 2003 | +3.37% | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
HPS vs SPY Drawdown Comparison
The maximum drawdown for HPS was -69.92%, occurring on Mar 9, 2009. Recovery took 830 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HPS drawdown is -1.70%. The current SPY drawdown is -1.24%.
| Rank | HPS | SPY |
|---|---|---|
| #1 | -69.92% Apr 10, 2007 - Jul 26, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -52.10% Feb 6, 2020 - Mar 31, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -29.36% Nov 1, 2021 - Jun 27, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.85% May 9, 2013 - Nov 25, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.28% Sep 12, 2018 - Feb 28, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -19.34% Apr 1, 2004 - Oct 15, 2004 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.68% Sep 8, 2016 - Jun 6, 2017 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -17.54% Sep 30, 2024 - Apr 8, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -16.38% Jun 23, 2011 - Aug 29, 2011 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.48% Nov 24, 2004 - Aug 21, 2006 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.26% Sep 24, 2010 - May 12, 2011 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -11.17% Apr 9, 2015 - Dec 23, 2015 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.13% Sep 1, 2011 - Oct 27, 2011 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.92% Oct 8, 2012 - Jan 23, 2013 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.00% Jul 2, 2003 - Nov 28, 2003 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HPS and SPY is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
HPS vs SPY dividend yield comparison.
| Year | HPS | SPY |
|---|---|---|
| 2026 | 5.35% | 0.49% |
| 2025 | 9.16% | 1.07% |
| 2024 | 8.78% | 1.21% |
| 2023 | 9.34% | 1.40% |
| 2022 | 9.15% | 1.65% |
| 2021 | 7.04% | 1.20% |
| 2020 | 7.63% | 1.52% |
| 2019 | 7.41% | 1.75% |
| 2018 | 9.26% | 2.04% |
| 2017 | 7.82% | 1.80% |
| 2016 | 8.27% | 2.03% |
| 2015 | 7.53% | 2.06% |
| 2014 | 8.21% | 1.87% |
| 2013 | 9.41% | 1.81% |
| 2012 | 7.71% | 2.18% |
| 2011 | 8.54% | 2.05% |
| 2010 | 8.42% | 1.80% |
| 2009 | 9.18% | 1.95% |
| 2008 | 14.39% | 3.02% |
| 2007 | 9.88% | 1.85% |
| 2006 | 7.39% | 1.73% |
| 2005 | 9.65% | 1.73% |
| 2004 | 9.42% | 1.82% |
| 2003 | 3.60% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
More Comparisons
Compare with similar stocks