JILAX vs. PDT

Last updated Jun 4, 2026

JILAX (John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio) and PDT (John Hancock Premium Dividend Fund) are both mutual funds - JILAX is a Diversified Portfolio fund managed by John Hancock, while PDT is a Dividend fund managed by John Hancock. Over the past 10 years, JILAX returned 9.86%/yr vs 6.12%/yr for PDT. At a 0.44 correlation, their price movements are largely independent. JILAX charges 0.15%/yr vs 5.06%/yr for PDT.

Performance

JILAX vs. PDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio (JILAX) 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, JILAX achieves a 13.91% return, which is significantly higher than PDT's 3.84% return. Over the past 10 years, JILAX has outperformed PDT with an annualized return of 9.86%, while PDT has yielded a comparatively lower 6.12% annualized return.

JILAX

• 1D: 0.36%
• 1M: 5.53%
• YTD: 13.91%
• 6M: 1.16%
• 1Y: 13.24%
• 3Y*: 13.72%
• 5Y*: 5.88%
• 10Y*: 9.86%

PDT

• 1D: -0.39%
• 1M: -2.34%
• YTD: 3.84%
• 6M: 3.30%
• 1Y: 4.47%
• 3Y*: 12.74%
• 5Y*: 2.52%
• 10Y*: 6.12%

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

JILAX vs. PDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JILAX John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio	13.91%	3.54%	13.76%	17.79%	-18.74%	16.71%	19.29%	25.42%	-9.89%	20.07%
PDT John Hancock Premium Dividend Fund	3.84%	7.64%	29.92%	-9.55%	-16.30%	25.98%	-14.20%	39.29%	-12.49%	21.22%

Correlation

The correlation between JILAX and PDT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 17, 2005	0.44

The correlation between JILAX and PDT shifts across timeframes, from 0.37 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JILAX vs. PDT — Risk / Return Rank

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

JILAX

JILAX Risk / Return Rank: 11
JILAX Sharpe Ratio Rank: 11
JILAX Sortino Ratio Rank: 8
JILAX Omega Ratio Rank: 16
JILAX Calmar Ratio Rank: 10
JILAX Martin Ratio Rank: 8

PDT

PDT Risk / Return Rank: 7
PDT Sharpe Ratio Rank: 6
PDT Sortino Ratio Rank: 6
PDT Omega Ratio Rank: 6
PDT Calmar Ratio Rank: 8
PDT Martin Ratio Rank: 7

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.

JILAX vs. PDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio (JILAX) 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.

	JILAX	PDT	Difference
Sharpe ratio Return per unit of total volatility	0.84	0.50	+0.34
Sortino ratio Return per unit of downside risk	1.06	0.75	+0.30
Omega ratio Gain probability vs. loss probability	1.21	1.09	+0.11
Calmar ratio Return relative to maximum drawdown	0.95	0.83	+0.11
Martin ratio Return relative to average drawdown	2.42	1.92	+0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JILAX vs. PDT - Sharpe Ratio Comparison

The current JILAX Sharpe Ratio is 0.84, which is higher than the PDT Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of JILAX 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.

Sharpe Ratios by Period

	JILAX	PDT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	0.50	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.15	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.24	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.31	+0.09

Drawdowns

JILAX vs. PDT - Drawdown Comparison

The maximum JILAX drawdown since its inception was -57.84%, smaller than the maximum PDT drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for JILAX and PDT.

Drawdown Indicators

	JILAX	PDT	Difference
Max Drawdown Largest peak-to-trough decline	-57.84%	-62.39%	+4.55%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-5.38%	-10.93%
Max Drawdown (3Y) Largest decline over 3 years	-16.78%	-22.06%	+5.28%
Max Drawdown (5Y) Largest decline over 5 years	-27.42%	-40.44%	+13.02%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	-62.39%	+28.49%
Current Drawdown Current decline from peak	-0.55%	-4.11%	+3.56%
Average Drawdown Average peak-to-trough decline	-9.22%	-10.02%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.99%	2.33%	+3.66%

Volatility

JILAX vs. PDT - Volatility Comparison

John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio (JILAX) has a higher volatility of 4.05% compared to John Hancock Premium Dividend Fund (PDT) at 3.08%. This indicates that JILAX'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

	JILAX	PDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	3.08%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	16.77%	6.93%	+9.84%
Volatility (1Y) Calculated over the trailing 1-year period	18.37%	8.93%	+9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	17.03%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	25.16%	-7.75%

JILAX vs. PDT - Expense Ratio Comparison

JILAX has a 0.15% expense ratio, which is lower than PDT's 5.06% expense ratio.

Dividends

JILAX vs. PDT - Dividend Comparison

JILAX's dividend yield for the trailing twelve months is around 1.65%, less than PDT's 7.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JILAX John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio	1.65%	1.87%	3.01%	6.18%	16.17%	11.11%	6.11%	14.22%	13.68%	7.11%	8.43%	8.42%
PDT John Hancock Premium Dividend Fund	7.75%	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 JILAX and PDT in my portfolio?

JILAX and PDT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JILAX or PDT?

JILAX has higher volatility (4.05%) compared to PDT (3.08%). In terms of maximum drawdown, JILAX dropped -57.84% vs PDT's -62.39%.

Which has better risk-adjusted returns?

JILAX currently has the higher Sharpe Ratio (0.84 vs 0.50), 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.