JHPI vs PFFD: Grades, Fees and Holdings Compared

John Hancock Preferred Income ETF

JHPIBNYSE Arca

Global X U.S. Preferred ETF

PFFDANYSE Arca

Overlap

No data

Expense ratio

PFFD −0.31pt a year

JHPI0.54%PFFD0.23%

Avg volume · 30D

PFFD 22.0×the volume

JHPI49.7KPFFD1.09M

3Y return · a year

JHPI +4.9pt

JHPI+7.9%PFFD+3.0%

JHPI vs PFFD Performance

Nov 5, 2025 – Nov 5, 2026

0.0%JHPI−5.7%PFFD

Expense ratio: JHPI 0.54%; PFFD 0.23%, better
Fund size: JHPI $229M; PFFD $1.89B
1Y total return: JHPI 0.0%, better; PFFD −5.7%
Yield (12M): JHPI 6.18%; PFFD 7.13%, better
Holdings: JHPI 218; PFFD 239
Avg volume (30D): JHPI 49.7K sh; PFFD 1.09M sh, better
NAV per share: JHPI $21.73; PFFD $17.16
52W range

ETF.net Grade

Pillar letters and Scores for JHPI, PFFD, with each pillar’s weight
Pillar	JHPI	PFFD
Cost30% weight	C47	A100Higher
Mission25% weight	A88Higher	A77
Risk15% weight	B66Higher	D27
Tradability15% weight	D36	A81Higher
Holdings10% weight	A92Higher	C53
Durability5% weight	C41	A72Higher

Rank among Preferred Securities funds

How we build Categories ›

Same Category. JHPI and PFFD are both graded against the same 31 Preferred Securities funds, so their Grades compare head to head.

Preferred Securities⁠

Category · 31 funds

See all 31 ›

PFFD ranks 1st and JHPI 7th of 31 funds in the Preferred Securities Category.

Rank 1APFFDGlobal X U.S. Preferred ETFScore 74
Rank 2APFFiShares Preferred and Income Securities ETFScore 71
Rank 6BPSKState Street SPDR ICE Preferred Securities ETFScore 64
Rank 7BJHPIJohn Hancock Preferred Income ETFScore 62
Rank 7BPFXFVanEck Preferred Securities ex Financials ETFScore 62

Our read on each fund

ETF.net Research

JHPIBJohn Hancock Preferred Income ETF

PFFDAGlobal X U.S. Preferred ETF

In short

JHPI A stock-picker's take on preferred income: JHPI skips the index entirely and lets its manager hunt preferreds it judges undervalued, with room to roam as far down as B-rated credit. Pays monthly.

PFFD Preferred stock is a corner where fund fees usually run rich. PFFD turned up in 2017 charging 0.23% for a broad basket of U.S. preferreds, and it has paid monthly ever since. Cheap, plain-vanilla exposure to an income niche.

Stated mandate

JHPI The fund seeks a high level of current income while preserving capital.

PFFD PFFD seeks to track the performance of the ICE BofA Diversified Core U.S. Preferred Securities Index before fees and expenses. It provides broad exposure to U.S. preferred stocks.

Why people hold it

JHPI Not an index fund. The manager works sector allocation, industry allocation and security selection, buying preferreds it judges undervalued versus similar names.jhinvestments.com
Pays monthly, and spreads that income across roughly 220 preferred and hybrid positions rather than a concentrated handful.
The portfolio sticks closely to the preferred-income mandate it advertises, one of the stronger implementations in its peer group.

PFFD Charges 0.23% a year, which Global X notes is less than half the average fee among competing preferred funds.globalxetfs.com
Holds roughly 220 U.S. preferreds tracking the ICE BofA Diversified Core index. Benchmark-like exposure, not a manager's shortlist.globalxetfs.com
Pays distributions monthly, and has done so every year since its 2017 launch.globalxetfs.com
A multi-billion-dollar fund that trades actively, so entering and exiting is rarely the hard part.

Worth knowing

JHPI Fee is 0.54% net of a waiver through July 31, 2027 (0.66% gross), near the category median; index rivals like PFFD at 0.23% cost less.
One of the smaller, more thinly traded names in the group, so bid-ask spreads can run wider than at the category's giants.
Up to 50% of net assets can sit in below-investment-grade preferreds, floored at B, so credit stress shows up in the price.jhinvestments.com

PFFD Preferreds come mostly from banks and insurers, and the index has been concentrated in banking, so the ride tracks financial-sector health.globalxetfs.com
These securities behave more like long bonds than stocks: interest rate moves push prices around, as the fund's risk disclosures describe.globalxetfs.com
Monthly does not mean fixed. The payout size floats with what the portfolio collects.globalxetfs.com

Full JHPI profile⁠

Full PFFD profile⁠

JHPI vs PFFD Holdings

How JHPI and PFFD differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile82.3%
Asset classBonds100%

Sector

No Sector split for JHPI.

Country, concentration and asset class

Country by domicile

Country weights in JHPI and PFFD, widest gap first
Country	Gap	JHPI	PFFD
United States	PFFD +16.9 points	80.0%	96.9%
Canada	JHPI +9.1 points	10.1%	1.0%
Japan	JHPI +2.3 points	2.3%	0.0%
France	JHPI +2.2 points	2.2%	0.0%
Switzerland	JHPI +1.3 points	1.3%	0.0%
Germany	JHPI +1.2 points	1.2%	0.0%
Spain	JHPI +0.9 points	0.9%	0.0%
Bermuda	PFFD +0.7 points	1.4%	2.1%
Other countries (2)	JHPI +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

JHPI11.2%
PFFD24.0%

Securities held

JHPI185
PFFD238

Asset class

JHPI: Bonds
PFFD: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. JHPI holds 185 securities, PFFD 238.

All 217 JHPI holdings⁠All 237 PFFD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JHPI vs PFFD Cost

Overpaying JHPI vs PFFD

$5,961

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

JHPI 0.54%
$10,720
PFFD 0.23%
$4,759

Amount$10,000

Years30 years

Cost over time

JHPI 0.54%
PFFD 0.23%
Overpaying

Year by year

Year	JHPI	PFFD	Overpaying
10	$971	$419	$552
20	$3,724	$1,630	$2,094
30	$10,720	$4,759	$5,961

Expense ratio

0.54%JHPI
0.23%PFFD, cheaper

PFFD0.23%JHPI0.54%

0.23%2.11%

Middle half of Preferred Securities funds
Median 0.50%

PFFD cheapest of 31 funds

JHPI 17th cheapest of 31 funds

JHPI vs PFFD Dividends

Last 12 months to Nov 5, 2026

Yield (12M): JHPI 6.18%; PFFD 7.13%, better
Payout (12M): JHPI $1.34; PFFD $1.20
Last payment: JHPI $0.14; PFFD $0.10
Ex-dividend: JHPI Oct 28, 2026; PFFD Nov 2, 2026
Paid on: JHPI Oct 30, 2026; PFFD Nov 5, 2026
Frequency: JHPI Monthly; PFFD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

JHPIMonthly · 46 paymentsAll JHPI payments⁠

PFFDMonthly · 46 paymentsAll PFFD payments⁠

JHPI vs PFFD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JHPI 5.9%, betterPFFD 9.1%
Return per unit of riskSharpe ratio, 3 years: JHPI 0.75, betterPFFD 0.10
Worst fallMax drawdown, 5 years: JHPI −13.5%since Dec 2021PFFD −24.4%
Market sensitivityBeta, 5 years: JHPI 0.79PFFD 1.07; Market = 1

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