OIEIX vs. PDT

Last updated Jun 23, 2026

OIEIX (JPMorgan Equity Income Fund Class A) and PDT (John Hancock Premium Dividend Fund) are both Dividend funds. Over the past 10 years, OIEIX returned 12.06%/yr vs 5.94%/yr for PDT. At a 0.31 correlation, their price movements are largely independent. OIEIX charges 0.95%/yr vs 5.06%/yr for PDT.

Performance

OIEIX vs. PDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Income Fund Class A (OIEIX) 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, OIEIX achieves a 12.08% return, which is significantly higher than PDT's 3.12% return. Over the past 10 years, OIEIX has outperformed PDT with an annualized return of 12.06%, while PDT has yielded a comparatively lower 5.94% annualized return.

OIEIX

• 1D: 0.26%
• 1M: 2.72%
• YTD: 12.08%
• 6M: 11.34%
• 1Y: 24.29%
• 3Y*: 17.41%
• 5Y*: 11.67%
• 10Y*: 12.06%

PDT

• 1D: -0.86%
• 1M: -1.92%
• YTD: 3.12%
• 6M: 3.61%
• 1Y: 4.76%
• 3Y*: 12.76%
• 5Y*: 2.27%
• 10Y*: 5.94%

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

OIEIX vs. PDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIEIX JPMorgan Equity Income Fund Class A	12.08%	14.42%	19.54%	4.49%	-2.11%	24.80%	3.30%	26.07%	-4.76%	17.21%
PDT John Hancock Premium Dividend Fund	3.12%	7.64%	29.92%	-9.55%	-16.30%	25.98%	-14.20%	39.29%	-12.49%	21.22%

Correlation

The correlation between OIEIX and PDT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Feb 18, 1992	0.31

The correlation between OIEIX and PDT shifts across timeframes, from 0.31 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

OIEIX vs. PDT — Risk / Return Rank

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

OIEIX

OIEIX Risk / Return Rank: 74
OIEIX Sharpe Ratio Rank: 75
OIEIX Sortino Ratio Rank: 74
OIEIX Omega Ratio Rank: 69
OIEIX Calmar Ratio Rank: 79
OIEIX Martin Ratio Rank: 74

PDT

PDT Risk / Return Rank: 7
PDT Sharpe Ratio Rank: 7
PDT Sortino Ratio Rank: 7
PDT Omega Ratio Rank: 7
PDT Calmar Ratio Rank: 9
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.

OIEIX vs. PDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Income Fund Class A (OIEIX) 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.

	OIEIX	PDT	Difference
Sharpe ratio: Return per unit of total volatility	2.32	0.53	+1.79
Sortino ratio: Return per unit of downside risk	3.29	0.80	+2.49
Omega ratio: Gain probability vs. loss probability	1.42	1.10	+0.32
Calmar ratio: Return relative to maximum drawdown	3.43	0.89	+2.54
Martin ratio: Return relative to average drawdown	13.12	1.94	+11.17

OIEIX vs. PDT - Sharpe Ratio Comparison

The current OIEIX Sharpe Ratio is 2.32, which is higher than the PDT Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of OIEIX 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

OIEIX vs. PDT - Drawdown Comparison

The maximum OIEIX drawdown since its inception was -50.63%, smaller than the maximum PDT drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for OIEIX and PDT.

Drawdown Indicators

	OIEIX	PDT	Difference
Max Drawdown Largest peak-to-trough decline	-50.63%	-62.39%	+11.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-5.38%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-22.06%	+7.83%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-40.44%	+25.49%
Max Drawdown (10Y) Largest decline over 10 years	-36.92%	-62.39%	+25.47%
Current Drawdown Current decline from peak	-0.70%	-4.78%	+4.08%
Average Drawdown Average peak-to-trough decline	-6.63%	-10.01%	+3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.46%	-0.60%

Volatility

OIEIX vs. PDT - Volatility Comparison

JPMorgan Equity Income Fund Class A (OIEIX) has a higher volatility of 3.28% compared to John Hancock Premium Dividend Fund (PDT) at 2.72%. This indicates that OIEIX'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

	OIEIX	PDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	2.72%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	8.03%	7.14%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	10.55%	8.98%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.31%	17.00%	-2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	25.16%	-8.33%

OIEIX vs. PDT - Expense Ratio Comparison

OIEIX has a 0.95% expense ratio, which is lower than PDT's 5.06% expense ratio.

Dividends

OIEIX vs. PDT - Dividend Comparison

OIEIX's dividend yield for the trailing twelve months is around 9.65%, more than PDT's 7.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OIEIX JPMorgan Equity Income Fund Class A	9.65%	10.83%	14.48%	2.59%	3.50%	3.17%	1.62%	2.60%	4.95%	2.29%	2.30%	2.52%
PDT John Hancock Premium Dividend Fund	7.85%	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 OIEIX and PDT in my portfolio?

OIEIX and PDT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OIEIX or PDT?

OIEIX has higher volatility (3.28%) compared to PDT (2.72%). In terms of maximum drawdown, OIEIX dropped -50.63% vs PDT's -62.39%.

Which has better risk-adjusted returns?

OIEIX currently has the higher Sharpe Ratio (2.32 vs 0.53), 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.