JIEMX vs. PDT

Last updated Jul 3, 2026

JIEMX (John Hancock Funds II Equity Income Fund) and PDT (John Hancock Premium Dividend Fund) are both mutual funds - JIEMX is a Large Cap Value Equities fund managed by John Hancock, while PDT is a Dividend fund managed by John Hancock. Over the past 10 years, JIEMX returned 5.25%/yr vs 5.62%/yr for PDT. At a 0.43 correlation, their price movements are largely independent. JIEMX charges 0.76%/yr vs 5.06%/yr for PDT.

Performance

JIEMX vs. PDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Equity Income Fund (JIEMX) 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, JIEMX achieves a 14.14% return, which is significantly higher than PDT's 5.82% return. Over the past 10 years, JIEMX has underperformed PDT with an annualized return of 5.25%, while PDT has yielded a comparatively higher 5.62% annualized return.

JIEMX

• 1D: 0.33%
• 1M: 2.19%
• 6M: 14.14%
• YTD: 14.14%
• 1Y: -21.47%
• 3Y*: 0.00%
• 5Y*: -1.03%
• 10Y*: 5.25%

PDT

• 1D: 0.15%
• 1M: 1.51%
• 6M: 5.82%
• YTD: 5.82%
• 1Y: 4.68%
• 3Y*: 13.03%
• 5Y*: 2.44%
• 10Y*: 5.62%

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

JIEMX vs. PDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JIEMX John Hancock Funds II Equity Income Fund	14.14%	-26.66%	11.75%	9.49%	-11.75%	25.29%	1.07%	26.44%	-9.78%	15.46%
PDT John Hancock Premium Dividend Fund	5.82%	7.64%	29.92%	-9.55%	-16.30%	25.98%	-14.20%	39.29%	-12.49%	21.22%

Correlation

The correlation between JIEMX and PDT is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 14, 2005	0.43

The correlation between JIEMX and PDT has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.

Return for Risk

JIEMX vs. PDT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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

PDT

PDT Risk / Return Rank: 9
PDT Sharpe Ratio Rank: 9
PDT Sortino Ratio Rank: 8
PDT Omega Ratio Rank: 8
PDT Calmar Ratio Rank: 12
PDT Martin Ratio Rank: 9

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.

JIEMX vs. PDT - Risk-Adjusted Trends Comparison

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

	JIEMX	PDT	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	0.52	-1.14
Sortino ratio: Return per unit of downside risk	-0.46	0.78	-1.25
Omega ratio: Gain probability vs. loss probability	0.82	1.10	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.65	0.87	-1.52
Martin ratio: Return relative to average drawdown	-0.98	1.86	-2.84

JIEMX vs. PDT - Sharpe Ratio Comparison

The current JIEMX Sharpe Ratio is -0.61, which is lower than the PDT Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of JIEMX 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

JIEMX vs. PDT - Drawdown Comparison

The maximum JIEMX drawdown since its inception was -62.26%, roughly equal to the maximum PDT drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for JIEMX and PDT.

Drawdown Indicators

	JIEMX	PDT	Difference
Max Drawdown Largest peak-to-trough decline	-62.26%	-62.39%	+0.13%
Max Drawdown (1Y) Largest decline over 1 year	-36.28%	-5.38%	-30.90%
Max Drawdown (3Y) Largest decline over 3 years	-36.28%	-20.53%	-15.75%
Max Drawdown (5Y) Largest decline over 5 years	-36.28%	-40.44%	+4.16%
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	-62.39%	+22.63%
Current Drawdown Current decline from peak	-26.34%	-2.28%	-24.06%
Average Drawdown Average peak-to-trough decline	-10.96%	-10.00%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.87%	2.52%	+20.35%

Volatility

JIEMX vs. PDT - Volatility Comparison

John Hancock Funds II Equity Income Fund (JIEMX) has a higher volatility of 3.74% compared to John Hancock Premium Dividend Fund (PDT) at 2.58%. This indicates that JIEMX'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

	JIEMX	PDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	2.58%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	7.10%	+1.31%
Volatility (1Y) Calculated over the trailing 1-year period	38.44%	9.01%	+29.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.97%	16.99%	+5.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.52%	25.13%	-3.61%

JIEMX vs. PDT - Expense Ratio Comparison

JIEMX has a 0.76% expense ratio, which is lower than PDT's 5.06% expense ratio.

Dividends

JIEMX vs. PDT - Dividend Comparison

JIEMX's dividend yield for the trailing twelve months is around 0.54%, less than PDT's 7.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JIEMX John Hancock Funds II Equity Income Fund	0.54%	1.75%	11.35%	7.98%	2.09%	9.34%	2.59%	8.25%	13.73%	8.43%	3.73%	11.26%
PDT John Hancock Premium Dividend Fund	7.65%	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 JIEMX and PDT in my portfolio?

JIEMX and PDT have a correlation of 0.42, 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 PDT?

JIEMX has higher volatility (3.74%) compared to PDT (2.58%). In terms of maximum drawdown, JIEMX dropped -62.26% vs PDT's -62.39%.

Which has better risk-adjusted returns?

PDT currently has the higher Sharpe Ratio (0.52 vs -0.61), 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.