JHPI vs VTI
John Hancock Preferred Income ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | JHPI | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.03% | |
| AUM | $218M | $666.9B | |
| Dividend Yield | 5.92% | 1.07% | |
| Holdings | 207 | 3,543 | |
| YTD Return | +1.00% | +13.14% | |
| 1Y Return | +3.75% | +22.35% | |
| 3Y Return (annualized) | +8.85% | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 8.3% | 15.3% | |
| Max Drawdown | -13.4% | -56.6% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Dec 14, 2021 | May 24, 2001 |
JHPI vs VTI Performance
John Hancock Preferred Income ETF (JHPI) is a ETF from John Hancock Investment Management and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year JHPI returned +3.75% while VTI returned +22.35%. Year to date, JHPI is up 1.00% versus a gain of 13.14% for VTI.
Over three years, JHPI compounded at +8.85% per year against +21.83% for VTI. Across the full 5-year window we track, VTI has the edge at +8.09% annualized vs +3.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -13.4% for JHPI and -56.6% for VTI. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHPI charges 0.54% per year while VTI charges 0.03%. On a $10,000 position that is $54 vs $3 annually, a gap of $51 per year that compounds over a long holding period. On income, JHPI currently yields 5.92% against 1.07% for VTI.
Holdings Overlap
JHPI and VTI share 51 holdings out of 2903 unique holdings combined, representing a 4.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JHPI or VTI?
JHPI has an expense ratio of 0.54% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, JHPI or VTI?
Over the past year JHPI returned +3.75% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (5 years), JHPI annualized +3.51% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, JHPI or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 8.3% for JHPI. Worst drawdown: JHPI -13.4% vs VTI -56.6%.
Should I hold both JHPI and VTI?
JHPI and VTI have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHPI and VTI?
JHPI and VTI share 51 common holdings with a 4.5% weight overlap. Combined, they hold 2903 unique securities.
Which pays a higher dividend, JHPI or VTI?
JHPI yields 5.92% while VTI yields 1.07%, so JHPI currently pays the higher dividend yield.
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