IVV vs JHPI
iShares Core S&P 500 ETF vs John Hancock Preferred Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | JHPI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.54% | |
| AUM | $907.0B | $218M | |
| Dividend Yield | 1.10% | 5.92% | |
| Holdings | 508 | 207 | |
| YTD Return | +12.71% | +1.00% | |
| 1Y Return | +21.89% | +3.75% | |
| 3Y Return (annualized) | +22.08% | +8.85% | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 8.3% | |
| Max Drawdown | -56.5% | -13.4% | |
| Fund Family | iShares by BlackRock (US) | John Hancock Investment Management | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Dec 14, 2021 |
IVV vs JHPI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and John Hancock Preferred Income ETF (JHPI) is a ETF from John Hancock Investment Management. Over the past year IVV returned +21.89% while JHPI returned +3.75%. Year to date, IVV is up 12.71% versus a gain of 1.00% for JHPI.
Over three years, IVV compounded at +22.08% per year against +8.85% for JHPI. Across the full 5-year window we track, IVV has the edge at +7.00% annualized vs +3.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.3% for JHPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -13.4% for JHPI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JHPI charges 0.54%. On a $10,000 position that is $3 vs $54 annually, a gap of $51 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 5.92% for JHPI.
Holdings Overlap
IVV and JHPI share 35 holdings out of 637 unique holdings combined, representing a 4.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or JHPI?
IVV has an expense ratio of 0.03% while JHPI charges 0.54%. IVV is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, IVV or JHPI?
Over the past year IVV returned +21.89% vs +3.75% for JHPI, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.00% vs +3.51% for JHPI. Past performance does not guarantee future results.
Which is riskier, IVV or JHPI?
IVV has been the more volatile fund at 15.1% annualized versus 8.3% for JHPI. Worst drawdown: IVV -56.5% vs JHPI -13.4%.
Should I hold both IVV and JHPI?
IVV and JHPI have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and JHPI?
IVV and JHPI share 35 common holdings with a 4.8% weight overlap. Combined, they hold 637 unique securities.
Which pays a higher dividend, IVV or JHPI?
IVV yields 1.10% while JHPI yields 5.92%, so JHPI currently pays the higher dividend yield.
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