PDT vs. CDDYX

Last updated Jun 4, 2026

PDT (John Hancock Premium Dividend Fund) and CDDYX (Columbia Dividend Income Fund Institutional 3 Class) are both mutual funds - PDT is a Dividend fund managed by John Hancock, while CDDYX is a Large Cap Value Equities fund managed by Columbia. Over the past 10 years, PDT returned 6.12%/yr vs 12.64%/yr for CDDYX. At a 0.44 correlation, their price movements are largely independent. PDT charges 5.06%/yr vs 0.55%/yr for CDDYX.

Performance

PDT vs. CDDYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Premium Dividend Fund (PDT) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDT achieves a 3.84% return, which is significantly lower than CDDYX's 8.15% return. Over the past 10 years, PDT has underperformed CDDYX with an annualized return of 6.12%, while CDDYX has yielded a comparatively higher 12.64% annualized return.

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%

CDDYX

• 1D: 0.94%
• 1M: 1.47%
• YTD: 8.15%
• 6M: 8.50%
• 1Y: 20.48%
• 3Y*: 16.70%
• 5Y*: 10.80%
• 10Y*: 12.64%

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

PDT vs. CDDYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
CDDYX Columbia Dividend Income Fund Institutional 3 Class	8.15%	15.95%	15.17%	10.65%	-4.84%	26.43%	7.92%	28.74%	-4.27%	20.34%

Correlation

The correlation between PDT and CDDYX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
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	0.47
Correlation (All Time) Calculated using the full available price history since Nov 12, 2012	0.44

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

Return for Risk

PDT vs. CDDYX — Risk / Return Rank

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

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

CDDYX

CDDYX Risk / Return Rank: 68
CDDYX Sharpe Ratio Rank: 63
CDDYX Sortino Ratio Rank: 64
CDDYX Omega Ratio Rank: 56
CDDYX Calmar Ratio Rank: 83
CDDYX Martin Ratio Rank: 76

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.

PDT vs. CDDYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Premium Dividend Fund (PDT) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). 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.

	PDT	CDDYX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	2.33	-1.82
Sortino ratio: Return per unit of downside risk	0.75	3.33	-2.58
Omega ratio: Gain probability vs. loss probability	1.09	1.41	-0.32
Calmar ratio: Return relative to maximum drawdown	0.83	3.83	-3.00
Martin ratio: Return relative to average drawdown	1.92	14.44	-12.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDT vs. CDDYX - Sharpe Ratio Comparison

The current PDT Sharpe Ratio is 0.50, which is lower than the CDDYX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of PDT and CDDYX, 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

	PDT	CDDYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	2.33	-1.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.82	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.81	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.88	-0.56

Drawdowns

PDT vs. CDDYX - Drawdown Comparison

The maximum PDT drawdown since its inception was -62.39%, which is greater than CDDYX's maximum drawdown of -32.74%. Use the drawdown chart below to compare losses from any high point for PDT and CDDYX.

Drawdown Indicators

	PDT	CDDYX	Difference
Max Drawdown Largest peak-to-trough decline	-62.39%	-32.74%	-29.65%
Max Drawdown (1Y) Largest decline over 1 year	-5.38%	-5.51%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-22.06%	-12.99%	-9.07%
Max Drawdown (5Y) Largest decline over 5 years	-40.44%	-16.91%	-23.53%
Max Drawdown (10Y) Largest decline over 10 years	-62.39%	-32.74%	-29.65%
Current Drawdown Current decline from peak	-4.11%	-0.30%	-3.81%
Average Drawdown Average peak-to-trough decline	-10.02%	-2.77%	-7.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	1.46%	+0.87%

Volatility

PDT vs. CDDYX - Volatility Comparison

John Hancock Premium Dividend Fund (PDT) has a higher volatility of 3.08% compared to Columbia Dividend Income Fund Institutional 3 Class (CDDYX) at 2.48%. This indicates that PDT's price experiences larger fluctuations and is considered to be riskier than CDDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDT	CDDYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	2.48%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	6.93%	6.87%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	8.93%	9.07%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	13.27%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.16%	15.69%	+9.47%

PDT vs. CDDYX - Expense Ratio Comparison

PDT has a 5.06% expense ratio, which is higher than CDDYX's 0.55% expense ratio.

Dividends

PDT vs. CDDYX - Dividend Comparison

PDT's dividend yield for the trailing twelve months is around 7.75%, more than CDDYX's 4.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDDYX Columbia Dividend Income Fund Institutional 3 Class	4.97%	5.33%	5.99%	4.96%	3.90%	2.93%	1.85%	3.28%	7.65%	4.03%	3.84%	8.35%
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 PDT and CDDYX in my portfolio?

PDT and CDDYX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDT or CDDYX?

PDT has higher volatility (3.08%) compared to CDDYX (2.48%). In terms of maximum drawdown, PDT dropped -62.39% vs CDDYX's -32.74%.

Which has better risk-adjusted returns?

CDDYX currently has the higher Sharpe Ratio (2.33 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.