Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -3.61% | -10.47% | -17.71% | -16.26% | -17.60% | -22.35% | -0.76% | -9.18% | -4.44% | -3.04% |
| Market-price total return | -2.74% | -9.66% | -15.64% | -12.16% | -11.56% | -14.78% | +8.67% | -0.68% | +3.78% | +5.64% |
| NAV return | -0.50% | -3.77% | -7.75% | -10.57% | -11.36% | -13.11% | +0.50% | -7.44% | -4.39% | -0.43% |
| NAV total return | +0.38% | -2.92% | -5.38% | -6.05% | -4.68% | -4.37% | +10.37% | +1.47% | +4.07% | +8.48% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.06% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.14% | 0.07% | as above |
| Volatility, 5 years | 0.16% | 0.10% | as above |
| Maximum drawdown, 3 years | -18.90% | -7.96% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.36 | 0.93 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.50 | 1.35 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.91 | — | AGG (U.S. aggregate bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.34 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for John Hancock Preferred Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.