HTD vs PDT: Correlation
How closely do John Hancock Tax Advantaged Dividend Income Fund (HTD) and John Hancock Premium Dividend Fund (PDT) trade together? Their weekly returns over three years give a correlation of 0.81, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and PDT?
On 3 years of weekly data the HTD/PDT correlation comes out at 0.81, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 203.6 %².
Few assets follow HTD as closely as PDT, which ranks #1 of 23 tracked partners. On 12-month performance HTD holds a 9.7-point edge, +11.0% against +1.3%.
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.
HTD vs PDT: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | PDT (John Hancock Premium Dividend Fund) | |
|---|---|---|
| 1-year return | +11.0% | +1.3% |
| 5-year return | +50.6% | +12.6% |
| Volatility (ann.) | 15.9% | 15.8% |
| Beta vs S&P 500 | 0.43 | 0.52 |
| Max drawdown (3Y) | -15.7% | -11.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 5.3 | 4.9 |
| Dividend yield | 7.30% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTD | PDT |
|---|---|---|
| 2022 | -6.2% | -16.3% |
| 2023 | -9.9% | -9.5% |
| 2024 | +25.7% | +30.0% |
| 2025 | +15.9% | +7.7% |
| 2026 | +12.1% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and PDT good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between HTD and PDT?
The HTD/PDT correlation stands at 0.81 on a 3-year window (1 year: 0.79, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is PDT a good diversifier for HTD?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/htd-vs-pdt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/htd-vs-pdt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HTD correlations · PDT correlations
