DDT vs PDT: Correlation
Measured on weekly returns over the past three years, Dillard's Capital Trust I (DDT) and John Hancock Premium Dividend Fund (PDT) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDT and PDT?
Across a 3-year window, the weekly returns of DDT and PDT correlate at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.38). Stretching to 5 years gives 0.27, with an annualized covariance of 36.6 %².
In DDT's tracked universe of 12 assets, PDT sits right near the top at #3. On 12-month performance DDT holds a 7.0-point edge, +8.3% against +1.3%. Risk is not evenly split, since PDT carries 2.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DDT vs PDT: side by side
| DDT (Dillard's Capital Trust I) | PDT (John Hancock Premium Dividend Fund) | |
|---|---|---|
| 1-year return | +8.3% | +1.3% |
| 5-year return | +43.4% | +12.6% |
| Volatility (ann.) | 6.1% | 15.8% |
| Beta vs S&P 500 | 0.11 | 0.52 |
| Max drawdown (3Y) | -4.6% | -11.8% |
| Market cap | – | – |
| P/E (trailing) | – | 4.9 |
| Dividend yield | – | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDT | PDT |
|---|---|---|
| 2022 | -3.3% | -16.3% |
| 2023 | +9.8% | -9.5% |
| 2024 | +7.4% | +30.0% |
| 2025 | +9.5% | +7.7% |
| 2026 | +6.0% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDT and PDT good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DDT and PDT?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.01 over the last year and 0.27 over 5 years.
Is PDT a good diversifier for DDT?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ddt-vs-pdt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ddt-vs-pdt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DDT correlations · PDT correlations
