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 | -1.54% | -11.12% | -19.96% | -20.01% | -20.12% | -24.77% | -2.48% | -9.87% | -4.42% | -3.25% |
| Market-price total return | -0.61% | -10.28% | -17.90% | -16.07% | -13.61% | -17.42% | +6.69% | -1.58% | +3.85% | +5.45% |
| NAV return | -0.48% | -3.83% | -7.71% | -10.22% | -11.86% | -13.08% | +0.43% | -7.20% | -4.22% | -2.71% |
| NAV total return | +0.40% | -2.99% | -5.35% | -5.70% | -4.50% | -4.36% | +10.28% | +1.72% | +4.25% | +5.85% |
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 | 0.13% | 0.07% | as above |
| Volatility, 5 years | 0.16% | 0.10% | as above |
| Maximum drawdown, 3 years | -19.35% | -8.09% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.21 | 0.90 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.29 | 1.30 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.97 | — | AGG (U.S. aggregate bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.38 | — | 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 III. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.