PDT vs. HDV
Compare and contrast key facts about John Hancock Premium Dividend Fund (PDT) and iShares Core High Dividend ETF (HDV).
PDT is managed by John Hancock. It was launched on Dec 14, 1989. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDT or HDV.
Key characteristics
| PDT | HDV | |
|---|---|---|
| YTD Return | 32.79% | 20.55% |
| 1Y Return | 43.99% | 30.43% |
| 3Y Return (Ann) | -0.45% | 10.57% |
| 5Y Return (Ann) | 3.00% | 8.54% |
| 10Y Return (Ann) | 8.04% | 8.38% |
| Sharpe Ratio | 2.87 | 2.96 |
| Sortino Ratio | 3.81 | 4.32 |
| Omega Ratio | 1.48 | 1.54 |
| Calmar Ratio | 1.25 | 3.43 |
| Martin Ratio | 17.59 | 22.47 |
| Ulcer Index | 2.36% | 1.29% |
| Daily Std Dev | 14.42% | 9.79% |
| Max Drawdown | -62.39% | -37.04% |
| Current Drawdown | -3.73% | 0.00% |
Correlation
The correlation between PDT and HDV is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PDT vs. HDV - Performance Comparison
In the year-to-date period, PDT achieves a 32.79% return, which is significantly higher than HDV's 20.55% return. Both investments have delivered pretty close results over the past 10 years, with PDT having a 8.04% annualized return and HDV not far ahead at 8.38%. 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. HDV - Expense Ratio Comparison
PDT has a 5.06% expense ratio, which is higher than HDV's 0.08% expense ratio.
Risk-Adjusted Performance
PDT vs. HDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Premium Dividend Fund (PDT) and iShares Core High Dividend ETF (HDV). 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. HDV - Dividend Comparison
PDT's dividend yield for the trailing twelve months is around 7.55%, more than HDV's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDT John Hancock Premium Dividend Fund | 6.92% | 10.20% | 9.09% | 6.45% | 8.47% | 6.73% | 8.73% | 9.98% | 9.17% | 7.88% | 7.32% | 10.78% |
HDV iShares Core High Dividend ETF | 3.32% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
Drawdowns
PDT vs. HDV - Drawdown Comparison
The maximum PDT drawdown since its inception was -62.39%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for PDT and HDV. For additional features, visit the drawdowns tool.
Volatility
PDT vs. HDV - Volatility Comparison
John Hancock Premium Dividend Fund (PDT) has a higher volatility of 4.38% compared to iShares Core High Dividend ETF (HDV) at 2.60%. This indicates that PDT's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.