JHPI vs FMUN
Comparison between JOHN HANCOCK PREFERRED INCOME ETF (JHPI, ETF) and FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF (FMUN, ETF).
JHPI vs FMUN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
JHPI
$178M
Winner
FMUN
$178M
Expense Ratio
JHPI
0.54%
Winner
FMUN
0.05%
Max Drawdown
JHPI
21.76%
Winner
FMUN
3.22%
Sharpe Ratio
Winner
JHPI
1.15
FMUN
1.10
5Y Beta
JHPI
0.13
Winner
FMUN
0.07
JHPI vs FMUN - Historical Returns
Returns include dividend reinvestment.
1M
JHPI
-0.29%
Winner
FMUN
+0.89%
3M
JHPI
-0.10%
Winner
FMUN
+0.35%
6M
Winner
JHPI
+2.25%
FMUN
+2.16%
1Y
Winner
JHPI
+7.66%
FMUN
+7.36%
5Y(CAGR)
JHPI
+3.73%
FMUN
N/A
Max(CAGR)
JHPI
+3.73%
Winner
FMUN
+5.10%
JHPI vs FMUN - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | JHPI | FMUN |
|---|---|---|
| 2026 | +1.26% | +1.54% |
| 2025 | +6.82% | +4.25% |
| 2024 | +10.77% | N/A |
| 2023 | +6.78% | N/A |
| 2022 | -9.64% | N/A |
| 2021 | +0.62% | N/A |
JHPI vs FMUN Drawdown Comparison
The maximum drawdown for JHPI was -13.45%, occurring on Mar 20, 2023. Recovery took 546 trading sessions.
The maximum drawdown for FMUN was -3.21%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The current JHPI drawdown is -0.76%. The current FMUN drawdown is -0.73%.
| Rank | JHPI | FMUN |
|---|---|---|
| #1 | -13.45% Jan 3, 2022 - Mar 7, 2024 | -3.21% Feb 27, 2026 - Mar 27, 2026 |
| #2 | -4.04% Nov 8, 2024 - Jun 20, 2025 | -2.93% Apr 7, 2025 - Aug 22, 2025 |
| #3 | -3.07% Feb 20, 2026 - Mar 27, 2026 | -0.52% Nov 26, 2025 - Dec 23, 2025 |
| #4 | -2.51% Mar 27, 2024 - May 15, 2024 | -0.46% Nov 12, 2025 - Nov 26, 2025 |
| #5 | -1.70% Oct 27, 2025 - Jan 2, 2026 | -0.43% Sep 17, 2025 - Oct 7, 2025 |
| #6 | -1.14% Oct 14, 2024 - Nov 8, 2024 | -0.37% Jan 16, 2026 - Jan 30, 2026 |
| #7 | -1.00% Jul 17, 2024 - Aug 14, 2024 | -0.34% Aug 29, 2025 - Sep 3, 2025 |
| #8 | -0.99% Jul 10, 2025 - Jul 31, 2025 | -0.26% Nov 4, 2025 - Nov 11, 2025 |
| #9 | -0.96% May 17, 2024 - May 31, 2024 | -0.25% Oct 22, 2025 - Nov 4, 2025 |
| #10 | -0.81% Oct 6, 2025 - Oct 21, 2025 | -0.13% Dec 29, 2025 - Jan 7, 2026 |
| #11 | -0.79% Dec 15, 2021 - Dec 21, 2021 | -0.11% Aug 22, 2025 - Aug 28, 2025 |
| #12 | -0.73% Sep 23, 2024 - Oct 14, 2024 | -0.11% Feb 10, 2026 - Feb 12, 2026 |
| #13 | -0.71% Jun 18, 2024 - Jul 3, 2024 | -0.06% Feb 5, 2026 - Feb 9, 2026 |
| #14 | -0.60% Sep 19, 2025 - Oct 6, 2025 | -0.05% Sep 11, 2025 - Sep 15, 2025 |
| #15 | -0.51% Jun 6, 2024 - Jun 13, 2024 | -0.04% Feb 13, 2026 - Feb 19, 2026 |
Correlation
Correlation between JHPI and FMUN is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2021 - 2026)
JHPI vs FMUN dividend yield comparison.
| Year | JHPI | FMUN |
|---|---|---|
| 2026 | 1.83% | 1.35% |
| 2025 | 5.73% | 2.41% |
| 2024 | 6.32% | 0.00% |
| 2023 | 6.44% | 0.00% |
| 2022 | 6.27% | 0.00% |
| 2021 | 0.24% | 0.00% |
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