PDT vs. BKLN
Compare and contrast key facts about John Hancock Premium Dividend Fund (PDT) and Invesco Senior Loan ETF (BKLN).
PDT is managed by John Hancock. It was launched on Dec 14, 1989. BKLN is a passively managed fund by Invesco that tracks the performance of the S&P/LSTA U.S. Leveraged Loan 100 Index. It was launched on Mar 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDT or BKLN.
Key characteristics
| PDT | BKLN | |
|---|---|---|
| YTD Return | 32.79% | 7.33% |
| 1Y Return | 43.99% | 9.96% |
| 3Y Return (Ann) | -0.45% | 5.68% |
| 5Y Return (Ann) | 3.00% | 4.48% |
| 10Y Return (Ann) | 8.04% | 3.59% |
| Sharpe Ratio | 2.87 | 4.18 |
| Sortino Ratio | 3.81 | 6.42 |
| Omega Ratio | 1.48 | 2.14 |
| Calmar Ratio | 1.25 | 5.86 |
| Martin Ratio | 17.59 | 49.62 |
| Ulcer Index | 2.36% | 0.20% |
| Daily Std Dev | 14.42% | 2.33% |
| Max Drawdown | -62.39% | -24.17% |
| Current Drawdown | -3.73% | 0.00% |
Correlation
The correlation between PDT and BKLN is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PDT vs. BKLN - Performance Comparison
In the year-to-date period, PDT achieves a 32.79% return, which is significantly higher than BKLN's 7.33% return. Over the past 10 years, PDT has outperformed BKLN with an annualized return of 8.04%, while BKLN has yielded a comparatively lower 3.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PDT vs. BKLN - Expense Ratio Comparison
PDT has a 5.06% expense ratio, which is higher than BKLN's 0.65% expense ratio.
Risk-Adjusted Performance
PDT vs. BKLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Premium Dividend Fund (PDT) and Invesco Senior Loan ETF (BKLN). 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.
Dividends
PDT vs. BKLN - Dividend Comparison
PDT's dividend yield for the trailing twelve months is around 7.55%, less than BKLN's 8.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDT John Hancock Premium Dividend Fund | 7.55% | 10.20% | 9.09% | 6.45% | 8.47% | 6.73% | 8.73% | 9.98% | 9.17% | 7.88% | 7.32% | 10.78% |
BKLN Invesco Senior Loan ETF | 8.65% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.51% | 3.51% | 4.55% | 4.11% | 4.12% | 4.39% |
Drawdowns
PDT vs. BKLN - Drawdown Comparison
The maximum PDT drawdown since its inception was -62.39%, which is greater than BKLN's maximum drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for PDT and BKLN. For additional features, visit the drawdowns tool.
Volatility
PDT vs. BKLN - Volatility Comparison
John Hancock Premium Dividend Fund (PDT) has a higher volatility of 4.38% compared to Invesco Senior Loan ETF (BKLN) at 0.47%. This indicates that PDT's price experiences larger fluctuations and is considered to be riskier than BKLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.