JHPI vs VYM
John Hancock Preferred Income ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | JHPI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.04% | |
| AUM | $218M | $81.6B | |
| Dividend Yield | 5.92% | 2.24% | |
| Holdings | 207 | 616 | |
| YTD Return | +1.50% | +16.42% | |
| 1Y Return | +4.58% | +24.22% | |
| 3Y Return (annualized) | +8.72% | +19.03% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 8.3% | 14.6% | |
| Max Drawdown | -13.4% | -58.8% | |
| Fund Family | John Hancock Investment Management | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Dec 14, 2021 | Nov 10, 2006 |
JHPI vs VYM Performance
John Hancock Preferred Income ETF (JHPI) is a ETF from John Hancock Investment Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year JHPI returned +4.58% while VYM returned +24.22%. Year to date, JHPI is up 1.50% versus a gain of 16.42% for VYM.
Over three years, JHPI compounded at +8.72% per year against +19.03% for VYM. Across the full 5-year window we track, VYM has the edge at +7.10% annualized vs +3.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JHPI charges 0.54% per year while VYM charges 0.04%. On a $10,000 position that is $54 vs $4 annually, a gap of $50 per year that compounds over a long holding period. On income, JHPI currently yields 5.92% against 2.24% for VYM.
Holdings Overlap
JHPI and VYM share 48 holdings out of 722 unique holdings combined, representing a 9.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JHPI or VYM?
JHPI has an expense ratio of 0.54% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, JHPI or VYM?
Over the past year JHPI returned +4.58% vs +24.22% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), JHPI annualized +3.63% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, JHPI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 8.3% for JHPI. Worst drawdown: JHPI -13.4% vs VYM -58.8%.
Should I hold both JHPI and VYM?
JHPI and VYM have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHPI and VYM?
JHPI and VYM share 48 common holdings with a 9.2% weight overlap. Combined, they hold 722 unique securities.
Which pays a higher dividend, JHPI or VYM?
JHPI yields 5.92% while VYM yields 2.24%, so JHPI currently pays the higher dividend yield.
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