AES vs HTD: Correlation
AES Corporation (AES) and John Hancock Tax Advantaged Dividend Income Fund (HTD) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AES and HTD?
Over the past 3 years, AES and HTD moved with a correlation of 0.48, which is moderate. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.48). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 309.4 %².
Within AES's tracked universe of 31 assets, HTD comes in at #9 by 3-year correlation. Neither side won the trailing year by much: +15.9% against +11.0%. Note the risk asymmetry: AES runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AES vs HTD: side by side
| AES (AES Corporation) | HTD (John Hancock Tax Advantaged Dividend Income Fund) | |
|---|---|---|
| 1-year return | +15.9% | +11.0% |
| 5-year return | -25.1% | +50.6% |
| Volatility (ann.) | 40.5% | 15.9% |
| Beta vs S&P 500 | 0.86 | 0.43 |
| Max drawdown (3Y) | -53.3% | -15.7% |
| Market cap | $10.5B | $0.9B |
| P/E (trailing) | 5.5 | 5.3 |
| Dividend yield | 4.78% | 7.30% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AES | HTD |
|---|---|---|
| 2022 | +21.7% | -6.2% |
| 2023 | -30.9% | -9.9% |
| 2024 | -30.4% | +25.7% |
| 2025 | +18.3% | +15.9% |
| 2026 | +6.6% | +12.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AES and HTD good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AES and HTD?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.37 over the last year and 0.53 over 5 years.
Is HTD a good diversifier for AES?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aes-vs-htd.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AES correlations · HTD correlations
