BHK vs JHS: Correlation
Blackrock Core Bond Trust (BHK) and John Hancock Income Securities Trust (JHS) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHK and JHS?
On 3 years of weekly data the BHK/JHS correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 73.0 %².
By 3-year correlation, JHS places #10 of the 17 assets tracked against BHK. Neither side won the trailing year by much: +4.2% against -0.2%.
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.
BHK vs JHS: side by side
| BHK (Blackrock Core Bond Trust) | JHS (John Hancock Income Securities Trust) | |
|---|---|---|
| 1-year return | +4.2% | -0.2% |
| 5-year return | -15.3% | -10.6% |
| Volatility (ann.) | 12.4% | 9.0% |
| Beta vs S&P 500 | 0.28 | 0.23 |
| Max drawdown (3Y) | -16.6% | -8.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | 12.9 | 14.0 |
| Dividend yield | 9.85% | 5.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHK | JHS |
|---|---|---|
| 2022 | -32.6% | -26.5% |
| 2023 | +14.3% | +6.1% |
| 2024 | +3.9% | +8.0% |
| 2025 | +0.3% | +10.2% |
| 2026 | +1.6% | -4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHK and JHS good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BHK and JHS?
The BHK/JHS correlation stands at 0.65 on a 3-year window (1 year: 0.55, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is JHS a good diversifier for BHK?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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.
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Hubs: BHK correlations · JHS correlations
