What Moves Like PDT

John Hancock Premium Dividend Fund NYSE

The tradable tickers whose daily moves track PDT most closely over the past year, filtered to risk comparable with PDT's own.

Closest match

MEGI NYLIM CBRE Global Infrastructure Megatrends Term Fund — 0.640 correlation over the past year, and 46% choppier than PDT.

About PDT

Annualised volatility 9.8%
Beta vs SPY 0.32
Market correlation 0.427
Traded per day $1.6M
Rate sensitivity -0.36
Volatility sensitivity -0.38
252 sessions to 2026-09-30 · PDT volatility 9.8% annualised · $1.6M a day
Ticker 1-year correlation 3-year Volatility vs PDT Risk What it is
MEGI NYLIM CBRE Global Infrastructure Megatrends Term Fund
0.640
0.546 1.46× 46% choppier —
HTD John Hancock Tax Advantaged Dividend Income Fund Common Shares of…
0.626
0.707 1.30× 30% choppier —
YYY Amplify CEF High Income ETF
0.614
0.673 0.95× similar Fund
HNDL Strategy Shares Nasdaq 7HANDL Index ETF
0.611
0.645 0.79× 21% calmer Fund
UTF Cohen & Steers Infrastructure Fund, Inc
0.601
0.552 1.25× 25% choppier —
PTA Cohen & Steers Tax-Advantaged Preferred
0.592
0.578 1.13× 13% choppier —
EQL ALPS Equal Sector Weight ETF
0.590
0.620 0.97× similar Fund
PCEF Invesco CEF Income Composite ETF
0.577
0.666 0.98× similar Fund
LDP Cohen & Steers Limited Duration Preferred
0.568
0.627 1.01× similar —
EQAL Invesco Russell 1000 Equal Weight ETF
0.567
0.603 1.22× 22% choppier Fund
DSL DoubleLine Income Solutions Fund Common Shares of Beneficial Interests
0.567
0.551 1.04× similar —
JXI iShares Global Utilities ETF
0.562
0.568 1.35× 35% choppier Fund
RNP Cohen & Steers REIT and Preferred and Income Fund, Inc.
0.559
0.643 1.38× 38% choppier —
GDV Gabelli Dividend & Income Trust Common Shares of Beneficial Interest
0.552
0.618 1.20× 20% choppier —
JPC Nuveen Preferred & Income Opportunities Fund
0.552
0.581 1.25× 25% choppier —
DLY DoubleLine Yield Opportunities Fund Common Shares of Beneficial Interest
0.548
0.521 0.89× 11% calmer —
RFI Cohen & Steers Total Return Realty Fund, Inc.
0.548
0.574 1.32× 32% choppier —
BIT BlackRock Multi-Sector Income Trust Common Shares of Beneficial Interest
0.547
0.544 0.82× 18% calmer —
BTZ BlackRock Credit Allocation Income Trust
0.545
0.587 1.00× similar —
ETW Eaton Vance Corporation Eaton Vance Tax-Managed Global Buy-Write…
0.544
0.568 1.33× 33% choppier —
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF
0.544
0.598 1.17× 17% choppier Fund
EAD Allspring Income Opportunities Fund
0.540
0.617 0.95× similar —
PFFD Global X U.S. Preferred ETF
0.535
0.584 0.79× 21% calmer Fund
CGDG Capital Group Dividend Growers ETF
0.535
0.583 1.09× similar Fund
VLU State Street SPDR S&P 1500 Value Tilt ETF
0.535
0.583 1.09× similar Fund

Showing 25 of 30 tickers that qualified. Correlation is of daily returns; 1.000 would mean moving in lockstep, 0.000 no relationship at all.

What this is for

Three questions, one number behind all of them.

How to read the two correlation columns

The one-year figure is what the relationship looks like now. The three-year figure is what it has looked like over a longer stretch. Comparing them is the point: when they agree, the relationship is structural and likely to hold. When the one-year number is far below the three-year one, something has changed — a shift in business mix, an index reconstitution, a sector that has stopped moving together — and the recent figure is the one to trust less, not more.

Correlation measures whether two things move together, not whether they move by the same amount. That is why the volatility column is there. Two tickers can correlate at 0.99 while one swings half again as hard, and swapping one for the other would quietly change how much risk you are carrying.

What was deliberately left out

Ranking purely by correlation produces answers that are mathematically perfect and practically useless. The closest matches to AAPL by raw correlation are leveraged AAPL funds at 0.999 — correct, and not replacements for anything. Four filters run before a ticker is allowed to appear:

Where all of that leaves a ticker with no close match, the page says so. A stock with no substitute is a real and useful finding, and inventing a loose one to fill the table would be worse than an empty answer.

Limits, stated up front

Where the numbers come from

Correlations are computed in-house from a daily price history and rebuilt every night. What gets published is the derived statistic — a correlation coefficient, a volatility ratio, an observation count — and nothing from which a price or return series could be reconstructed. The rest of the Markets section is on the Markets overview, including futures positioning extremes and SEC Form 4 insider transactions.