PDT vs. SPY
Compare and contrast key facts about John Hancock Premium Dividend Fund (PDT) and State Street SPDR S&P 500 ETF (SPY).
PDT is managed by John Hancock. It was launched on Dec 14, 1989. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
PDT vs. SPY - Performance Comparison
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PDT vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDT John Hancock Premium Dividend Fund | 5.12% | 7.64% | 29.92% | -9.55% | -16.30% | 25.98% | -14.20% | 39.29% | -12.49% | 21.22% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, PDT achieves a 5.12% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, PDT has underperformed SPY with an annualized return of 7.10%, while SPY has yielded a comparatively higher 13.98% annualized return.
PDT
- 1D
- 1.87%
- 1M
- -2.93%
- YTD
- 5.12%
- 6M
- 2.00%
- 1Y
- 8.08%
- 3Y*
- 10.74%
- 5Y*
- 5.56%
- 10Y*
- 7.10%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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PDT vs. SPY - Expense Ratio Comparison
PDT has a 5.06% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
PDT vs. SPY — Risk / Return Rank
PDT
SPY
PDT vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Premium Dividend Fund (PDT) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.93 | -0.31 |
Sortino ratioReturn per unit of downside risk | 0.87 | 1.45 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.53 | -0.69 |
Martin ratioReturn relative to average drawdown | 3.30 | 7.30 | -4.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PDT | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.93 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.69 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.78 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.56 | -0.25 |
Correlation
The correlation between PDT and SPY is 0.30, 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.
Dividends
PDT vs. SPY - Dividend Comparison
PDT's dividend yield for the trailing twelve months is around 7.56%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDT John Hancock Premium Dividend Fund | 7.56% | 7.80% | 7.77% | 10.14% | 9.04% | 6.42% | 8.43% | 6.70% | 8.69% | 9.94% | 9.15% | 7.88% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PDT vs. SPY - Drawdown Comparison
The maximum PDT drawdown since its inception was -62.39%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PDT and SPY.
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Drawdown Indicators
| PDT | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.39% | -55.19% | -7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -12.05% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -40.44% | -24.50% | -15.94% |
Max Drawdown (10Y)Largest decline over 10 years | -62.39% | -33.72% | -28.67% |
Current DrawdownCurrent decline from peak | -2.93% | -6.24% | +3.31% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -9.09% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.52% | +0.15% |
Volatility
PDT vs. SPY - Volatility Comparison
The current volatility for John Hancock Premium Dividend Fund (PDT) is 4.21%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that PDT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDT | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 5.31% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 9.47% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 19.05% | -5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 17.06% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.18% | 17.92% | +7.26% |