IVOL vs HPF

Comparison between QUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF (IVOL, ETF) and John Hancock Preferred Income Fund II (HPF, ETF).

5-Year PerformanceHPF has outperformed IVOL, delivering a return of +2.9% compared to -5.9%

IVOL vs HPF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IVOL(ETF)	HPF(ETF)
Net Assets	$339M	$338M
Expense Ratio	0.98%	N/A
Max Drawdown	39.76%	74.26%
Sharpe Ratio	-1.47	0.73
5Y Beta	-0.20	0.39
5Y Dividends CAGR	-5.74%	3.40%

Net Assets

Winner

IVOL

$339M

HPF

$338M

Expense Ratio

IVOL

0.98%

HPF

N/A

Max Drawdown

Winner

IVOL

39.76%

HPF

74.26%

Sharpe Ratio

IVOL

-1.47

Winner

HPF

0.73

5Y Beta

Winner

IVOL

-0.20

HPF

0.39

5Y Dividends CAGR

IVOL

-5.74%

Winner

HPF

3.40%

IVOL vs HPF - Historical Returns

Returns include dividend reinvestment.

Period	IVOL	HPF
1 month	-4.15%	-0.74%
3 months	-5.86%	+0.45%
6 months	-7.23%	+1.58%
1 year	-5.82%	+9.54%
5 years(CAGR)	-5.92%	+2.92%
10 years(CAGR)	N/A	+4.89%
Max(CAGR)	-1.43%	+6.94%

IVOL

-4.15%

Winner

HPF

-0.74%

IVOL

-5.86%

Winner

HPF

+0.45%

IVOL

-7.23%

Winner

HPF

+1.58%

IVOL

-5.82%

Winner

HPF

+9.54%

5Y(CAGR)

IVOL

-5.92%

Winner

HPF

+2.92%

10Y(CAGR)

IVOL

N/A

HPF

+4.89%

Max(CAGR)

IVOL

-1.43%

Winner

HPF

+6.94%

IVOL vs HPF - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	IVOL	HPF
2026	-6.68%	+2.06%
2025	+12.03%	+5.47%
2024	-10.51%	+11.75%
2023	-4.63%	+9.70%
2022	-12.97%	-18.34%
2021	-0.69%	+19.11%
2020	+14.96%	-7.71%
2019	+3.23%	+24.95%
2018	N/A	-4.87%
2017	N/A	+13.87%
2016	N/A	+11.23%
2015	N/A	+3.45%
2014	N/A	+22.16%
2013	N/A	-12.91%
2012	N/A	+10.84%
2011	N/A	+22.05%
2010	N/A	+18.20%
2009	N/A	+34.03%
2008	N/A	-22.68%
2007	N/A	-20.11%
2006	N/A	+30.35%
2005	N/A	-7.39%
2004	N/A	+5.52%
2003	N/A	+13.94%
2002	N/A	-0.04%

IVOL vs HPF Drawdown Comparison

The maximum drawdown for IVOL was -31.17%, occurring on Dec 18, 2024. This drawdown has not yet recovered.

The maximum drawdown for HPF was -66.58%, occurring on Mar 9, 2009. Recovery took 806 trading sessions.

The current IVOL drawdown is -26.94%. The current HPF drawdown is -2.94%.

Rank	IVOL	HPF
#1	-31.17% May 10, 2021 - Dec 18, 2024	-66.58% May 10, 2007 - Jul 22, 2010
#2	-8.02% Mar 6, 2020 - Mar 26, 2020	-54.74% Feb 19, 2020 - Apr 1, 2021
#3	-3.93% Mar 26, 2020 - Apr 8, 2020	-31.20% Aug 30, 2021 - Sep 16, 2024
#4	-3.23% Jun 6, 2019 - Feb 28, 2020	-24.59% May 8, 2013 - Jan 9, 2015
#5	-2.52% Apr 13, 2020 - May 8, 2020	-21.13% Mar 31, 2004 - Nov 26, 2004
#6	-2.26% Feb 16, 2021 - May 5, 2021	-17.84% Sep 12, 2018 - Jan 31, 2019
#7	-1.94% Aug 31, 2020 - Dec 2, 2020	-16.95% Sep 8, 2016 - May 26, 2017
#8	-1.50% May 16, 2019 - May 30, 2019	-16.90% Oct 10, 2024 - Apr 8, 2025
#9	-1.37% May 8, 2020 - Jun 4, 2020	-15.14% Feb 9, 2005 - Mar 22, 2006
#10	-1.22% Jun 5, 2020 - Aug 5, 2020	-13.58% Jul 22, 2011 - Aug 29, 2011
#11	-0.51% Aug 17, 2020 - Aug 25, 2020	-11.26% Apr 24, 2015 - Jan 8, 2016
#12	-0.47% Jan 21, 2021 - Feb 3, 2021	-11.24% Oct 16, 2012 - Mar 20, 2013
#13	-0.39% Dec 21, 2020 - Jan 4, 2021	-9.84% Sep 9, 2010 - May 3, 2011
#14	-0.39% Jan 7, 2021 - Jan 14, 2021	-9.53% Aug 3, 2017 - Jun 8, 2018
#15	-0.31% Feb 8, 2021 - Feb 12, 2021	-9.52% Aug 31, 2011 - Dec 22, 2011

Correlation

Correlation between IVOL and HPF is -0.39 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.39

-101

Dividend Comparison (2003 - 2026)

IVOL vs HPF dividend yield comparison.

Year	IVOL	HPF
2026	1.59%	3.90%
2025	3.61%	9.22%
2024	3.83%	8.95%
2023	3.73%	9.39%
2022	3.92%	9.45%
2021	3.93%	7.10%
2020	3.44%	7.80%
2019	2.02%	7.32%
2018	0.00%	8.96%
2017	0.00%	7.82%
2016	0.00%	8.30%
2015	0.00%	7.85%
2014	0.00%	8.26%
2013	0.00%	9.39%
2012	0.00%	7.76%
2011	0.00%	8.41%
2010	0.00%	8.00%
2009	0.00%	9.10%
2008	0.00%	14.09%
2007	0.00%	9.97%
2006	0.00%	9.02%
2005	0.00%	10.32%
2004	0.00%	8.59%
2003	0.00%	9.17%