ACIIX vs. PDT

Last updated Aug 4, 2026

ACIIX (American Century Equity Income Fund Class I) and PDT (John Hancock Premium Dividend Fund) are both Dividend funds. Over the past 10 years, ACIIX returned 9.22%/yr vs 5.55%/yr for PDT. Their 0.35 correlation means their historical movements had little consistent relationship. ACIIX charges 0.72%/yr vs 5.06%/yr for PDT.

Performance

ACIIX vs. PDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Equity Income Fund Class I (ACIIX) and John Hancock Premium Dividend Fund (PDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACIIX achieves a 13.38% return, which is significantly higher than PDT's 6.22% return. Over the past 10 years, ACIIX has outperformed PDT with an annualized return of 9.22%, while PDT has yielded a comparatively lower 5.55% annualized return.

ACIIX

• 1D: 0.00%
• 1M: 2.27%
• 6M: 8.39%
• YTD: 13.38%
• 1Y: 19.83%
• 3Y*: 11.94%
• 5Y*: 8.20%
• 10Y*: 9.22%
• ALL TIME*: 7.77%

PDT

• 1D: 0.00%
• 1M: 0.37%
• 6M: 2.86%
• YTD: 6.22%
• 1Y: 4.26%
• 3Y*: 14.53%
• 5Y*: 2.58%
• 10Y*: 5.55%
• ALL TIME*: 6.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACIIX American Century Equity Income Fund Class I	$0.00	$0.00	$0.00
PDT John Hancock Premium Dividend Fund	$1.53M	$1.45M	$1.60M

ACIIX vs. PDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACIIX American Century Equity Income Fund Class I	13.38%	12.05%	10.58%	4.25%	-2.96%	17.16%	1.19%	24.50%	-3.53%	13.69%
PDT John Hancock Premium Dividend Fund	6.22%	7.64%	29.92%	-9.55%	-16.30%	25.98%	-14.20%	39.29%	-12.49%	21.22%

Correlation

The correlation between ACIIX and PDT is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (10Y) Provides a long-term view across more market conditions.	0.47
Correlation (All Time) Calculated using the full available price history since Jul 8, 1998	0.35

The correlation between ACIIX and PDT shifts across timeframes, from 0.35 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ACIIX vs. PDT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ACIIX

ACIIX Risk / Return Rank: 85
ACIIX Sharpe Ratio Rank: 89
ACIIX Sortino Ratio Rank: 90
ACIIX Omega Ratio Rank: 83
ACIIX Calmar Ratio Rank: 85
ACIIX Martin Ratio Rank: 78

PDT

PDT Risk / Return Rank: 12
PDT Sharpe Ratio Rank: 11
PDT Sortino Ratio Rank: 10
PDT Omega Ratio Rank: 11
PDT Calmar Ratio Rank: 15
PDT Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ACIIX vs. PDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Equity Income Fund Class I (ACIIX) and John Hancock Premium Dividend Fund (PDT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACIIX	PDT	Difference
Sharpe ratio: Return per unit of total volatility	2.25	0.48	+1.77
Sortino ratio: Return per unit of downside risk	3.42	0.72	+2.70
Omega ratio: Gain probability vs. loss probability	1.40	1.09	+0.31
Calmar ratio: Return relative to maximum drawdown	3.02	0.80	+2.22
Martin ratio: Return relative to average drawdown	9.93	1.67	+8.27

ACIIX vs. PDT - Sharpe Ratio Comparison

The current ACIIX Sharpe Ratio is 2.25, which is higher than the PDT Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of ACIIX and PDT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACIIX vs. PDT - Drawdown Comparison

The maximum ACIIX drawdown since its inception was -39.16%, smaller than the maximum PDT drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for ACIIX and PDT.

Drawdown Indicators

	ACIIX	PDT	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-62.39%	+23.23%
Max Drawdown (1Y) Largest decline over 1 year	-6.38%	-5.38%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-10.15%	-16.91%	+6.76%
Max Drawdown (5Y) Largest decline over 5 years	-13.49%	-40.44%	+26.95%
Max Drawdown (10Y) Largest decline over 10 years	-32.76%	-62.39%	+29.63%
Current Drawdown Current decline from peak	-0.63%	-1.92%	+1.29%
Average Drawdown Average peak-to-trough decline	-5.22%	-9.98%	+4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	2.56%	-0.63%

Volatility

ACIIX vs. PDT - Volatility Comparison

American Century Equity Income Fund Class I (ACIIX) has a higher volatility of 2.89% compared to John Hancock Premium Dividend Fund (PDT) at 1.64%. This indicates that ACIIX's price experiences larger fluctuations and is considered to be riskier than PDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACIIX	PDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	1.64%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	6.52%	6.91%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	8.60%	8.90%	-0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.77%	16.92%	-6.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.34%	25.10%	-11.76%

ACIIX vs. PDT - Expense Ratio Comparison

ACIIX has a 0.72% expense ratio, which is lower than PDT's 5.06% expense ratio.

Dividends

ACIIX vs. PDT - Dividend Comparison

ACIIX's dividend yield for the trailing twelve months is around 9.48%, more than PDT's 7.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACIIX American Century Equity Income Fund Class I	9.48%	10.55%	11.71%	8.21%	8.96%	7.02%	2.18%	7.57%	9.05%	12.14%	8.08%	10.72%
PDT John Hancock Premium Dividend Fund	7.72%	7.80%	7.77%	10.14%	9.04%	6.42%	8.43%	6.70%	8.69%	9.94%	9.15%	7.88%

Frequently Asked Questions

Can I hold both ACIIX and PDT in my portfolio?

ACIIX and PDT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACIIX or PDT?

ACIIX has higher volatility (2.89%) compared to PDT (1.64%). In terms of maximum drawdown, ACIIX dropped -39.16% vs PDT's -62.39%.

Which has better risk-adjusted returns?

ACIIX currently has the higher Sharpe Ratio (2.25 vs 0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.