JIEMX vs. CDDYX

Last updated Aug 1, 2026

JIEMX (John Hancock Funds II Equity Income Fund) and CDDYX (Columbia Dividend Income Fund Institutional 3 Class) are both mutual funds - JIEMX is a Dividend fund managed by John Hancock, while CDDYX is a Large Cap Value Equities fund managed by Columbia. Over the past 10 years, JIEMX returned 5.25%/yr vs 12.69%/yr for CDDYX. Their correlation of 0.90 means they have usually moved in the same direction. JIEMX charges 0.76%/yr vs 0.55%/yr for CDDYX.

Performance

JIEMX vs. CDDYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Equity Income Fund (JIEMX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIEMX achieves a 17.10% return, which is significantly higher than CDDYX's 12.30% return. Over the past 10 years, JIEMX has underperformed CDDYX with an annualized return of 5.25%, while CDDYX has yielded a comparatively higher 12.69% annualized return.

JIEMX

• 1D: 0.64%
• 1M: 1.22%
• 6M: 12.93%
• YTD: 17.10%
• 1Y: -17.92%
• 3Y*: -0.49%
• 5Y*: -0.24%
• 10Y*: 5.25%
• ALL TIME*: 5.39%

CDDYX

• 1D: 0.00%
• 1M: 0.73%
• 6M: 7.88%
• YTD: 12.30%
• 1Y: 22.14%
• 3Y*: 15.46%
• 5Y*: 11.19%
• 10Y*: 12.69%
• ALL TIME*: 13.11%

*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)
CDDYX Columbia Dividend Income Fund Institutional 3 Class	$0.00	$0.00	$0.00
JIEMX John Hancock Funds II Equity Income Fund	$0.00	$0.00	$0.00

JIEMX vs. CDDYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JIEMX John Hancock Funds II Equity Income Fund	17.10%	-26.66%	11.75%	9.49%	-11.75%	25.29%	1.07%	26.44%	-9.78%	15.46%
CDDYX Columbia Dividend Income Fund Institutional 3 Class	12.30%	15.95%	15.17%	10.65%	-4.84%	26.43%	7.92%	28.74%	-4.27%	20.34%

Correlation

The correlation between JIEMX and CDDYX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.90

The correlation between JIEMX and CDDYX shifts across timeframes, from 0.71 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JIEMX vs. CDDYX — Risk / Return Rank

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

JIEMX

JIEMX Risk / Return Rank: 1
JIEMX Sharpe Ratio Rank: 1
JIEMX Sortino Ratio Rank: 2
JIEMX Omega Ratio Rank: 0
JIEMX Calmar Ratio Rank: 1
JIEMX Martin Ratio Rank: 1

CDDYX

CDDYX Risk / Return Rank: 90
CDDYX Sharpe Ratio Rank: 90
CDDYX Sortino Ratio Rank: 89
CDDYX Omega Ratio Rank: 85
CDDYX Calmar Ratio Rank: 93
CDDYX Martin Ratio Rank: 94

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.

JIEMX vs. CDDYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Equity Income Fund (JIEMX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). 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.

	JIEMX	CDDYX	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	2.24	-2.77
Sortino ratio: Return per unit of downside risk	-0.36	3.27	-3.63
Omega ratio: Gain probability vs. loss probability	0.86	1.42	-0.56
Calmar ratio: Return relative to maximum drawdown	-0.57	3.74	-4.30
Martin ratio: Return relative to average drawdown	-0.82	14.28	-15.10

JIEMX vs. CDDYX - Sharpe Ratio Comparison

The current JIEMX Sharpe Ratio is -0.54, which is lower than the CDDYX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of JIEMX and CDDYX, 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

JIEMX vs. CDDYX - Drawdown Comparison

The maximum JIEMX drawdown since its inception was -62.26%, which is greater than CDDYX's maximum drawdown of -32.74%. Use the drawdown chart below to compare losses from any high point for JIEMX and CDDYX.

Drawdown Indicators

	JIEMX	CDDYX	Difference
Max Drawdown Largest peak-to-trough decline	-62.26%	-32.74%	-29.52%
Max Drawdown (1Y) Largest decline over 1 year	-36.28%	-5.51%	-30.77%
Max Drawdown (3Y) Largest decline over 3 years	-36.28%	-12.99%	-23.29%
Max Drawdown (5Y) Largest decline over 5 years	-36.28%	-16.91%	-19.37%
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	-32.74%	-7.02%
Current Drawdown Current decline from peak	-24.43%	-1.17%	-23.26%
Average Drawdown Average peak-to-trough decline	-11.01%	-2.74%	-8.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.94%	1.45%	+22.49%

Volatility

JIEMX vs. CDDYX - Volatility Comparison

John Hancock Funds II Equity Income Fund (JIEMX) has a higher volatility of 2.99% compared to Columbia Dividend Income Fund Institutional 3 Class (CDDYX) at 2.41%. This indicates that JIEMX's price experiences larger fluctuations and is considered to be riskier than CDDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIEMX	CDDYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	2.41%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	6.75%	+1.59%
Volatility (1Y) Calculated over the trailing 1-year period	38.24%	9.22%	+29.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.92%	13.23%	+9.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.52%	15.66%	+5.86%

JIEMX vs. CDDYX - Expense Ratio Comparison

JIEMX has a 0.76% expense ratio, which is higher than CDDYX's 0.55% expense ratio.

Dividends

JIEMX vs. CDDYX - Dividend Comparison

JIEMX's dividend yield for the trailing twelve months is around 0.52%, less than CDDYX's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDDYX Columbia Dividend Income Fund Institutional 3 Class	4.79%	5.33%	5.99%	4.96%	3.90%	2.93%	1.85%	3.28%	7.65%	4.03%	3.84%	8.35%
JIEMX John Hancock Funds II Equity Income Fund	0.52%	1.75%	11.35%	7.98%	2.09%	9.34%	2.59%	8.25%	13.73%	8.43%	3.73%	11.26%

Frequently Asked Questions

Can I hold both JIEMX and CDDYX in my portfolio?

JIEMX and CDDYX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JIEMX or CDDYX?

JIEMX has higher volatility (2.99%) compared to CDDYX (2.41%). In terms of maximum drawdown, JIEMX dropped -62.26% vs CDDYX's -32.74%.

Which has better risk-adjusted returns?

CDDYX currently has the higher Sharpe Ratio (2.24 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.