SOPYX vs. PDT

Last updated Jun 5, 2026

SOPYX (ClearBridge Dividend Strategy Fund Class I) and PDT (John Hancock Premium Dividend Fund) are both Dividend funds. Over the past 10 years, SOPYX returned 12.35%/yr vs 6.11%/yr for PDT. At a 0.35 correlation, their price movements are largely independent. SOPYX charges 0.73%/yr vs 5.06%/yr for PDT.

Performance

SOPYX vs. PDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Dividend Strategy Fund Class I (SOPYX) and John Hancock Premium Dividend Fund (PDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOPYX achieves a 5.36% return, which is significantly higher than PDT's 3.92% return. Over the past 10 years, SOPYX has outperformed PDT with an annualized return of 12.35%, while PDT has yielded a comparatively lower 6.11% annualized return.

SOPYX

• 1D: -0.49%
• 1M: -0.03%
• YTD: 5.36%
• 6M: 5.81%
• 1Y: 14.81%
• 3Y*: 14.95%
• 5Y*: 10.20%
• 10Y*: 12.35%

PDT

• 1D: 0.08%
• 1M: -2.34%
• YTD: 3.92%
• 6M: 3.46%
• 1Y: 5.59%
• 3Y*: 12.67%
• 5Y*: 2.53%
• 10Y*: 6.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOPYX vs. PDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOPYX ClearBridge Dividend Strategy Fund Class I	5.36%	12.56%	17.09%	14.45%	-8.16%	26.71%	7.96%	31.36%	-4.86%	18.84%
PDT John Hancock Premium Dividend Fund	3.92%	7.64%	29.92%	-9.55%	-16.30%	25.98%	-14.20%	39.29%	-12.49%	21.22%

Correlation

The correlation between SOPYX and PDT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 3, 1997	0.35

The correlation between SOPYX and PDT shifts across timeframes, from 0.35 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SOPYX vs. PDT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOPYX

SOPYX Risk / Return Rank: 32
SOPYX Sharpe Ratio Rank: 34
SOPYX Sortino Ratio Rank: 33
SOPYX Omega Ratio Rank: 32
SOPYX Calmar Ratio Rank: 27
SOPYX Martin Ratio Rank: 34

PDT

PDT Risk / Return Rank: 9
PDT Sharpe Ratio Rank: 8
PDT Sortino Ratio Rank: 8
PDT Omega Ratio Rank: 8
PDT Calmar Ratio Rank: 11
PDT Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOPYX vs. PDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy Fund Class I (SOPYX) 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.

	SOPYX	PDT	Difference
Sharpe ratio: Return per unit of total volatility	1.59	0.63	+0.96
Sortino ratio: Return per unit of downside risk	2.30	0.93	+1.37
Omega ratio: Gain probability vs. loss probability	1.28	1.12	+0.17
Calmar ratio: Return relative to maximum drawdown	1.84	1.04	+0.80
Martin ratio: Return relative to average drawdown	7.36	2.39	+4.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOPYX vs. PDT - Sharpe Ratio Comparison

The current SOPYX Sharpe Ratio is 1.59, which is higher than the PDT Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of SOPYX and PDT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOPYX	PDT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	0.63	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.15	+0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.24	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.31	+0.53

Drawdowns

SOPYX vs. PDT - Drawdown Comparison

The maximum SOPYX drawdown since its inception was -46.64%, smaller than the maximum PDT drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for SOPYX and PDT.

Drawdown Indicators

	SOPYX	PDT	Difference
Max Drawdown Largest peak-to-trough decline	-46.64%	-62.39%	+15.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-5.38%	-2.65%
Max Drawdown (3Y) Largest decline over 3 years	-13.44%	-22.06%	+8.62%
Max Drawdown (5Y) Largest decline over 5 years	-19.10%	-40.44%	+21.34%
Max Drawdown (10Y) Largest decline over 10 years	-34.70%	-62.39%	+27.69%
Current Drawdown Current decline from peak	-1.35%	-4.03%	+2.68%
Average Drawdown Average peak-to-trough decline	-5.55%	-10.02%	+4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.35%	-0.35%

Volatility

SOPYX vs. PDT - Volatility Comparison

The current volatility for ClearBridge Dividend Strategy Fund Class I (SOPYX) is 2.00%, while John Hancock Premium Dividend Fund (PDT) has a volatility of 3.08%. This indicates that SOPYX experiences smaller price fluctuations and is considered to be less risky than PDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOPYX	PDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	3.08%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	6.97%	6.92%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	9.28%	8.92%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.18%	17.03%	-2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	25.16%	-8.85%

SOPYX vs. PDT - Expense Ratio Comparison

SOPYX has a 0.73% expense ratio, which is lower than PDT's 5.06% expense ratio.

Dividends

SOPYX vs. PDT - Dividend Comparison

SOPYX's dividend yield for the trailing twelve months is around 12.61%, more than PDT's 7.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDT John Hancock Premium Dividend Fund	7.74%	7.80%	7.77%	10.14%	9.04%	6.42%	8.43%	6.70%	8.69%	9.94%	9.15%	7.88%
SOPYX ClearBridge Dividend Strategy Fund Class I	12.61%	13.28%	9.41%	9.11%	5.77%	9.87%	1.98%	7.39%	6.74%	6.77%	3.23%	1.82%

Frequently Asked Questions

Can I hold both SOPYX and PDT in my portfolio?

SOPYX and PDT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOPYX or PDT?

PDT has higher volatility (3.08%) compared to SOPYX (2.00%). In terms of maximum drawdown, SOPYX dropped -46.64% vs PDT's -62.39%.

Which has better risk-adjusted returns?

SOPYX currently has the higher Sharpe Ratio (1.59 vs 0.63), 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.