JGEFX vs. PDT

Last updated Jun 23, 2026

JGEFX (John Hancock Funds Global Equity Fund) and PDT (John Hancock Premium Dividend Fund) are both mutual funds - JGEFX is a Global Equities fund managed by John Hancock, while PDT is a Dividend fund managed by John Hancock. Over the past 10 years, JGEFX returned 10.13%/yr vs 6.01%/yr for PDT. At a 0.42 correlation, their price movements are largely independent. JGEFX charges 0.98%/yr vs 5.06%/yr for PDT.

Performance

JGEFX vs. PDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds Global Equity Fund (JGEFX) 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, JGEFX achieves a 5.50% return, which is significantly higher than PDT's 3.78% return. Over the past 10 years, JGEFX has outperformed PDT with an annualized return of 10.13%, while PDT has yielded a comparatively lower 6.01% annualized return.

JGEFX

• 1D: 0.45%
• 1M: 1.05%
• YTD: 5.50%
• 6M: 5.42%
• 1Y: 17.53%
• 3Y*: 13.88%
• 5Y*: 8.93%
• 10Y*: 10.13%

PDT

• 1D: 0.63%
• 1M: -1.30%
• YTD: 3.78%
• 6M: 4.27%
• 1Y: 4.86%
• 3Y*: 13.00%
• 5Y*: 2.27%
• 10Y*: 6.01%

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

JGEFX vs. PDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGEFX John Hancock Funds Global Equity Fund	5.50%	18.17%	10.48%	19.65%	-14.81%	20.99%	7.91%	30.24%	-10.17%	14.81%
PDT John Hancock Premium Dividend Fund	3.78%	7.64%	29.92%	-9.55%	-16.30%	25.98%	-14.20%	39.29%	-12.49%	21.22%

Correlation

The correlation between JGEFX and PDT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.42

The correlation between JGEFX and PDT shifts across timeframes, from 0.42 (all time) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JGEFX vs. PDT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JGEFX

JGEFX Risk / Return Rank: 26
JGEFX Sharpe Ratio Rank: 27
JGEFX Sortino Ratio Rank: 27
JGEFX Omega Ratio Rank: 27
JGEFX Calmar Ratio Rank: 23
JGEFX Martin Ratio Rank: 25

PDT

PDT Risk / Return Rank: 8
PDT Sharpe Ratio Rank: 7
PDT Sortino Ratio Rank: 7
PDT Omega Ratio Rank: 7
PDT Calmar Ratio Rank: 10
PDT Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JGEFX vs. PDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Global Equity Fund (JGEFX) 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.

	JGEFX	PDT	Difference
Sharpe ratio: Return per unit of total volatility	1.39	0.54	+0.85
Sortino ratio: Return per unit of downside risk	2.03	0.81	+1.22
Omega ratio: Gain probability vs. loss probability	1.25	1.10	+0.15
Calmar ratio: Return relative to maximum drawdown	1.68	0.91	+0.77
Martin ratio: Return relative to average drawdown	5.64	1.97	+3.67

JGEFX vs. PDT - Sharpe Ratio Comparison

The current JGEFX Sharpe Ratio is 1.39, which is higher than the PDT Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of JGEFX 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

JGEFX vs. PDT - Drawdown Comparison

The maximum JGEFX drawdown since its inception was -32.96%, smaller than the maximum PDT drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for JGEFX and PDT.

Drawdown Indicators

	JGEFX	PDT	Difference
Max Drawdown Largest peak-to-trough decline	-32.96%	-62.39%	+29.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.27%	-5.38%	-4.89%
Max Drawdown (3Y) Largest decline over 3 years	-19.38%	-22.06%	+2.68%
Max Drawdown (5Y) Largest decline over 5 years	-24.85%	-40.44%	+15.59%
Max Drawdown (10Y) Largest decline over 10 years	-32.96%	-62.39%	+29.43%
Current Drawdown Current decline from peak	-2.82%	-4.17%	+1.35%
Average Drawdown Average peak-to-trough decline	-4.95%	-10.01%	+5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.47%	+0.58%

Volatility

JGEFX vs. PDT - Volatility Comparison

John Hancock Funds Global Equity Fund (JGEFX) has a higher volatility of 3.57% compared to John Hancock Premium Dividend Fund (PDT) at 2.82%. This indicates that JGEFX'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

	JGEFX	PDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	2.82%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	7.14%	+3.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	8.99%	+3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	17.01%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.83%	25.16%	-9.33%

JGEFX vs. PDT - Expense Ratio Comparison

JGEFX has a 0.98% expense ratio, which is lower than PDT's 5.06% expense ratio.

Dividends

JGEFX vs. PDT - Dividend Comparison

JGEFX's dividend yield for the trailing twelve months is around 8.01%, more than PDT's 7.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGEFX John Hancock Funds Global Equity Fund	8.01%	8.45%	13.64%	2.91%	7.20%	21.44%	2.21%	2.33%	7.64%	7.03%	1.83%	2.00%
PDT John Hancock Premium Dividend Fund	7.80%	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 JGEFX and PDT in my portfolio?

JGEFX 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, JGEFX or PDT?

JGEFX has higher volatility (3.57%) compared to PDT (2.82%). In terms of maximum drawdown, JGEFX dropped -32.96% vs PDT's -62.39%.

Which has better risk-adjusted returns?

JGEFX currently has the higher Sharpe Ratio (1.39 vs 0.54), 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.