JLEAX vs. PDT

Last updated Jun 24, 2026

JLEAX (John Hancock Funds II Multimanager 2025 Lifetime Portfolio) and PDT (John Hancock Premium Dividend Fund) are both mutual funds - JLEAX is a Target Retirement Date fund managed by John Hancock, while PDT is a Dividend fund managed by John Hancock. Over the past 10 years, JLEAX returned 7.78%/yr vs 6.01%/yr for PDT. At a 0.47 correlation, their price movements are largely independent. JLEAX charges 0.42%/yr vs 5.06%/yr for PDT.

Performance

JLEAX vs. PDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Funds II Multimanager 2025 Lifetime Portfolio (JLEAX) 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, JLEAX achieves a 6.95% return, which is significantly higher than PDT's 3.78% return. Over the past 10 years, JLEAX has outperformed PDT with an annualized return of 7.78%, while PDT has yielded a comparatively lower 6.01% annualized return.

JLEAX

• 1D: -0.10%
• 1M: 1.30%
• YTD: 6.95%
• 6M: 6.68%
• 1Y: 15.66%
• 3Y*: 11.55%
• 5Y*: 4.74%
• 10Y*: 7.78%

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)

JLEAX vs. PDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JLEAX John Hancock Funds II Multimanager 2025 Lifetime Portfolio	6.95%	13.39%	7.62%	12.47%	-16.87%	11.05%	15.34%	19.43%	-6.80%	13.02%
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 JLEAX and PDT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Oct 30, 2006	0.47

The correlation between JLEAX and PDT shifts across timeframes, from 0.44 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JLEAX vs. PDT — Risk / Return Rank

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

JLEAX

JLEAX Risk / Return Rank: 67
JLEAX Sharpe Ratio Rank: 67
JLEAX Sortino Ratio Rank: 67
JLEAX Omega Ratio Rank: 71
JLEAX Calmar Ratio Rank: 63
JLEAX Martin Ratio Rank: 70

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.

JLEAX vs. PDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds II Multimanager 2025 Lifetime Portfolio (JLEAX) 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.

	JLEAX	PDT	Difference
Sharpe ratio: Return per unit of total volatility	2.20	0.54	+1.65
Sortino ratio: Return per unit of downside risk	3.11	0.81	+2.30
Omega ratio: Gain probability vs. loss probability	1.43	1.10	+0.33
Calmar ratio: Return relative to maximum drawdown	2.92	0.91	+2.01
Martin ratio: Return relative to average drawdown	12.53	1.97	+10.56

JLEAX vs. PDT - Sharpe Ratio Comparison

The current JLEAX Sharpe Ratio is 2.20, which is higher than the PDT Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of JLEAX 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

JLEAX vs. PDT - Drawdown Comparison

The maximum JLEAX drawdown since its inception was -54.13%, smaller than the maximum PDT drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for JLEAX and PDT.

Drawdown Indicators

	JLEAX	PDT	Difference
Max Drawdown Largest peak-to-trough decline	-54.13%	-62.39%	+8.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-5.38%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-8.59%	-22.06%	+13.47%
Max Drawdown (5Y) Largest decline over 5 years	-23.34%	-40.44%	+17.10%
Max Drawdown (10Y) Largest decline over 10 years	-24.64%	-62.39%	+37.75%
Current Drawdown Current decline from peak	-0.20%	-4.17%	+3.97%
Average Drawdown Average peak-to-trough decline	-7.49%	-10.01%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	2.47%	-1.18%

Volatility

JLEAX vs. PDT - Volatility Comparison

John Hancock Funds II Multimanager 2025 Lifetime Portfolio (JLEAX) has a higher volatility of 2.97% compared to John Hancock Premium Dividend Fund (PDT) at 2.82%. This indicates that JLEAX'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

	JLEAX	PDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	2.82%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	6.24%	7.14%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	7.39%	8.99%	-1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.58%	17.01%	-7.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.54%	25.16%	-14.62%

JLEAX vs. PDT - Expense Ratio Comparison

JLEAX has a 0.42% expense ratio, which is lower than PDT's 5.06% expense ratio.

Dividends

JLEAX vs. PDT - Dividend Comparison

JLEAX's dividend yield for the trailing twelve months is around 7.74%, which matches PDT's 7.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JLEAX John Hancock Funds II Multimanager 2025 Lifetime Portfolio	7.74%	8.28%	3.24%	3.40%	16.06%	10.15%	6.03%	9.58%	11.67%	6.30%	6.91%	6.40%
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 JLEAX and PDT in my portfolio?

JLEAX and PDT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JLEAX or PDT?

JLEAX has higher volatility (2.97%) compared to PDT (2.82%). In terms of maximum drawdown, JLEAX dropped -54.13% vs PDT's -62.39%.

Which has better risk-adjusted returns?

JLEAX currently has the higher Sharpe Ratio (2.20 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.