PEQIX vs. PDT
PEQIX (Pioneer Equity Income Fund) and PDT (John Hancock Premium Dividend Fund) are both Dividend funds. Over the past 10 years, PEQIX returned 9.41%/yr vs 5.62%/yr for PDT. Their 0.30 correlation means their historical movements had little consistent relationship. PEQIX charges 1.02%/yr vs 5.06%/yr for PDT.
Performance
PEQIX vs. PDT - Performance Comparison
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Returns By Period
In the year-to-date period, PEQIX achieves a 13.77% return, which is significantly higher than PDT's 6.22% return. Over the past 10 years, PEQIX has outperformed PDT with an annualized return of 9.41%, while PDT has yielded a comparatively lower 5.62% annualized return.
PEQIX
- 1D
- -0.47%
- 1M
- 2.29%
- 6M
- 8.94%
- YTD
- 13.77%
- 1Y
- 22.90%
- 3Y*
- 12.35%
- 5Y*
- 8.28%
- 10Y*
- 9.41%
- ALL TIME*
- 9.36%
PDT
- 1D
- -0.23%
- 1M
- 0.37%
- 6M
- 3.17%
- YTD
- 6.22%
- 1Y
- 4.26%
- 3Y*
- 13.94%
- 5Y*
- 2.86%
- 10Y*
- 5.62%
- ALL TIME*
- 6.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.46M | $1.42M | $1.61M | |
| $0.00 | $0.00 | $0.00 |
PEQIX vs. PDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEQIX Pioneer Equity Income Fund | 13.77% | 11.30% | 11.18% | 6.84% | -8.08% | 25.28% | -0.20% | 25.46% | -8.93% | 15.00% |
PDT John Hancock Premium Dividend Fund | 6.22% | 7.64% | 29.92% | -9.55% | -16.30% | 25.98% | -14.20% | 39.29% | -12.49% | 21.22% |
Correlation
The correlation between PEQIX and PDT is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 1990 | 0.30 |
The correlation between PEQIX and PDT shifts across timeframes, from 0.30 (all time) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PEQIX vs. PDT — Risk / Return Rank
PEQIX
PDT
PEQIX vs. PDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Equity Income Fund (PEQIX) and John Hancock Premium Dividend Fund (PDT). 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.
| PEQIX | PDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.09 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.81 | +1.76 |
| Martin ratioReturn relative to average drawdown | 8.44 | 1.70 | +6.74 |
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Drawdowns
PEQIX vs. PDT - Drawdown Comparison
The maximum PEQIX drawdown since its inception was -54.08%, smaller than the maximum PDT drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for PEQIX and PDT.
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Drawdown Indicators
| PEQIX | PDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.08% | -62.39% | +8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -5.38% | -2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.84% | -16.91% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -40.44% | +20.20% |
Max Drawdown (10Y)Largest decline over 10 years | -37.93% | -62.39% | +24.46% |
Current DrawdownCurrent decline from peak | -1.07% | -1.92% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -9.99% | +3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.56% | -0.12% |
Volatility
PEQIX vs. PDT - Volatility Comparison
Pioneer Equity Income Fund (PEQIX) has a higher volatility of 3.49% compared to John Hancock Premium Dividend Fund (PDT) at 1.65%. This indicates that PEQIX's price experiences larger fluctuations and is considered to be riskier than PDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEQIX | PDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 1.65% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | 6.92% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.51% | 8.88% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 16.92% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 25.09% | -7.93% |
PEQIX vs. PDT - Expense Ratio Comparison
PEQIX has a 1.02% expense ratio, which is lower than PDT's 5.06% expense ratio.
Dividends
PEQIX vs. PDT - Dividend Comparison
PEQIX's dividend yield for the trailing twelve months is around 8.03%, more than PDT's 7.72% 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% |
PEQIX Pioneer Equity Income Fund | 8.03% | 9.08% | 40.97% | 17.42% | 12.72% | 9.34% | 1.59% | 4.00% | 7.75% | 5.31% | 13.11% | 10.13% |
Frequently Asked Questions
PEQIX and PDT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEQIX has higher volatility (3.49%) compared to PDT (1.65%). In terms of maximum drawdown, PEQIX dropped -54.08% vs PDT's -62.39%.
PEQIX currently has the higher Sharpe Ratio (1.80 vs 0.49), 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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