PDT vs. SPY
Compare and contrast key facts about John Hancock Premium Dividend Fund (PDT) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDT or SPY.
Key characteristics
| PDT | SPY | |
|---|---|---|
| YTD Return | 32.79% | 27.04% |
| 1Y Return | 43.99% | 39.75% |
| 3Y Return (Ann) | -0.45% | 10.21% |
| 5Y Return (Ann) | 3.00% | 15.93% |
| 10Y Return (Ann) | 8.04% | 13.36% |
| Sharpe Ratio | 2.87 | 3.15 |
| Sortino Ratio | 3.81 | 4.19 |
| Omega Ratio | 1.48 | 1.59 |
| Calmar Ratio | 1.25 | 4.60 |
| Martin Ratio | 17.59 | 20.85 |
| Ulcer Index | 2.36% | 1.85% |
| Daily Std Dev | 14.42% | 12.29% |
| Max Drawdown | -62.39% | -55.19% |
| Current Drawdown | -3.73% | 0.00% |
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.
Performance
PDT vs. SPY - Performance Comparison
In the year-to-date period, PDT achieves a 32.79% return, which is significantly higher than SPY's 27.04% return. Over the past 10 years, PDT has underperformed SPY with an annualized return of 8.04%, while SPY has yielded a comparatively higher 13.36% 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. SPY - Expense Ratio Comparison
PDT has a 5.06% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PDT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Premium Dividend Fund (PDT) and 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.
Dividends
PDT vs. SPY - Dividend Comparison
PDT's dividend yield for the trailing twelve months is around 7.55%, more than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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. For additional features, visit the drawdowns tool.
Volatility
PDT vs. SPY - Volatility Comparison
John Hancock Premium Dividend Fund (PDT) has a higher volatility of 4.38% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that PDT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.