JRLPX vs. PDT
JRLPX (John Hancock Funds Multi-Index 2020 Lifetime Portfolio) and PDT (John Hancock Premium Dividend Fund) are both mutual funds - JRLPX is a Target Retirement Date fund managed by John Hancock, while PDT is a Dividend fund managed by John Hancock. Over the past 5 years, JRLPX returned 4.36%/yr vs 2.44%/yr for PDT. A 0.52 correlation means they provide meaningful diversification when combined. JRLPX charges 0.41%/yr vs 5.06%/yr for PDT.
Performance
JRLPX vs. PDT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JRLPX having a 5.57% return and PDT slightly higher at 5.82%.
JRLPX
- 1D
- -0.32%
- 1M
- -0.73%
- 6M
- 5.57%
- YTD
- 5.57%
- 1Y
- 11.36%
- 3Y*
- 9.95%
- 5Y*
- 4.36%
- 10Y*
- —
PDT
- 1D
- 0.15%
- 1M
- 1.90%
- 6M
- 5.49%
- YTD
- 5.82%
- 1Y
- 4.60%
- 3Y*
- 13.03%
- 5Y*
- 2.44%
- 10Y*
- 5.62%
JRLPX vs. PDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JRLPX John Hancock Funds Multi-Index 2020 Lifetime Portfolio | 5.57% | 12.16% | 7.00% | 10.80% | -14.09% | 9.41% | 10.63% | 18.27% | -4.93% | -4.75% |
PDT John Hancock Premium Dividend Fund | 5.82% | 7.64% | 29.92% | -9.55% | -16.30% | 25.98% | -14.20% | 39.29% | -12.49% | 3.55% |
Correlation
The correlation between JRLPX 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 | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2017 | 0.52 |
The correlation between JRLPX and PDT shifts across timeframes, from 0.45 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JRLPX vs. PDT — Risk / Return Rank
JRLPX
PDT
JRLPX vs. PDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Funds Multi-Index 2020 Lifetime Portfolio (JRLPX) 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.
| JRLPX | PDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.10 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 0.87 | +1.59 |
| Martin ratioReturn relative to average drawdown | 10.63 | 1.86 | +8.77 |
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Drawdowns
JRLPX vs. PDT - Drawdown Comparison
The maximum JRLPX drawdown since its inception was -22.88%, smaller than the maximum PDT drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for JRLPX and PDT.
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Drawdown Indicators
| JRLPX | PDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.88% | -62.39% | +39.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -5.38% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -7.75% | -20.53% | +12.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | -40.44% | +20.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.39% | — |
Current DrawdownCurrent decline from peak | -0.73% | -2.28% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -10.00% | +5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 2.52% | -1.43% |
Volatility
JRLPX vs. PDT - Volatility Comparison
John Hancock Funds Multi-Index 2020 Lifetime Portfolio (JRLPX) and John Hancock Premium Dividend Fund (PDT) have volatilities of 2.67% and 2.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRLPX | PDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.58% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 5.31% | 7.10% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 9.01% | -2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.66% | 16.99% | -8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.26% | 25.13% | -14.87% |
JRLPX vs. PDT - Expense Ratio Comparison
JRLPX has a 0.41% expense ratio, which is lower than PDT's 5.06% expense ratio.
Dividends
JRLPX vs. PDT - Dividend Comparison
JRLPX's dividend yield for the trailing twelve months is around 3.15%, less than PDT's 7.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JRLPX John Hancock Funds Multi-Index 2020 Lifetime Portfolio | 3.15% | 3.32% | 3.02% | 2.97% | 5.06% | 6.89% | 5.31% | 6.47% | 8.52% | 0.00% | 0.00% | 0.00% |
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
JRLPX 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.
JRLPX has higher volatility (2.67%) compared to PDT (2.58%). In terms of maximum drawdown, JRLPX dropped -22.88% vs PDT's -62.39%.
JRLPX currently has the higher Sharpe Ratio (1.86 vs 0.52), 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.
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