PDT vs. REAYX
PDT (John Hancock Premium Dividend Fund) and REAYX (Russell Investments Equity Income Fund) are both Dividend funds. Over the past 5 years, PDT returned 2.58%/yr vs 10.71%/yr for REAYX. Their 0.48 correlation means their historical movements had little consistent relationship. PDT charges 5.06%/yr vs 0.66%/yr for REAYX.
Performance
PDT vs. REAYX - Performance Comparison
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Returns By Period
In the year-to-date period, PDT achieves a 6.22% return, which is significantly lower than REAYX's 17.91% return.
PDT
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- 2.86%
- YTD
- 6.22%
- 1Y
- 4.26%
- 3Y*
- 14.53%
- 5Y*
- 2.58%
- 10Y*
- 5.55%
- ALL TIME*
- 6.68%
REAYX
- 1D
- 0.34%
- 1M
- 2.58%
- 6M
- 13.23%
- YTD
- 17.91%
- 1Y
- 27.93%
- 3Y*
- 16.02%
- 5Y*
- 10.71%
- 10Y*
- —
- ALL TIME*
- 11.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.53M | $1.45M | $1.60M | |
| $0.00 | $0.00 | $0.00 |
PDT vs. REAYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDT John Hancock Premium Dividend Fund | 6.22% | 7.64% | 29.92% | -9.55% | -16.30% | 25.98% | -14.20% | 39.29% | -12.49% | 17.77% |
REAYX Russell Investments Equity Income Fund | 17.91% | 14.66% | 11.90% | 12.50% | -8.86% | 27.01% | 9.06% | 29.57% | -8.60% | 13.19% |
Correlation
The correlation between PDT and REAYX is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017 | 0.48 |
The correlation between PDT and REAYX has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
PDT vs. REAYX — Risk / Return Rank
PDT
REAYX
PDT vs. REAYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Premium Dividend Fund (PDT) and Russell Investments Equity Income Fund (REAYX). 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.
| PDT | REAYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.46 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 4.04 | -3.24 |
| Martin ratioReturn relative to average drawdown | 1.67 | 15.85 | -14.19 |
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Drawdowns
PDT vs. REAYX - Drawdown Comparison
The maximum PDT drawdown since its inception was -62.39%, which is greater than REAYX's maximum drawdown of -36.87%. Use the drawdown chart below to compare losses from any high point for PDT and REAYX.
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Drawdown Indicators
| PDT | REAYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.39% | -36.87% | -25.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -6.66% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -20.66% | +3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -40.44% | -20.66% | -19.78% |
Max Drawdown (10Y)Largest decline over 10 years | -62.39% | — | — |
Current DrawdownCurrent decline from peak | -1.92% | -0.34% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -9.98% | -4.85% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.69% | +0.87% |
Volatility
PDT vs. REAYX - Volatility Comparison
The current volatility for John Hancock Premium Dividend Fund (PDT) is 1.64%, while Russell Investments Equity Income Fund (REAYX) has a volatility of 3.02%. This indicates that PDT experiences smaller price fluctuations and is considered to be less risky than REAYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDT | REAYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 3.02% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.91% | 7.84% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.90% | 10.44% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 16.73% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.10% | 18.45% | +6.65% |
PDT vs. REAYX - Expense Ratio Comparison
PDT has a 5.06% expense ratio, which is higher than REAYX's 0.66% expense ratio.
Dividends
PDT vs. REAYX - Dividend Comparison
PDT's dividend yield for the trailing twelve months is around 7.72%, less than REAYX's 12.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDT John Hancock Premium Dividend Fund | 7.72% | 7.80% | 7.77% | 10.14% | 9.04% | 6.42% | 8.43% | 6.70% | 8.69% | 9.94% | 9.15% | 7.88% |
REAYX Russell Investments Equity Income Fund | 12.80% | 15.24% | 15.38% | 13.55% | 19.72% | 10.47% | 3.61% | 1.86% | 45.26% | 14.47% | 0.00% | 0.00% |
Frequently Asked Questions
PDT and REAYX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REAYX has higher volatility (3.02%) compared to PDT (1.64%). In terms of maximum drawdown, PDT dropped -62.39% vs REAYX's -36.87%.
REAYX currently has the higher Sharpe Ratio (2.59 vs 0.48), 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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