BIT vs JHI: Correlation
BlackRock Multi-Sector Income Trust (BIT) and John Hancock Investors Trust (JHI) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIT and JHI?
On 3 years of weekly data the BIT/JHI correlation comes out at 0.70, strong. Lately the two have moved closer together, with the 1-year correlation at 0.80 versus 0.70 over 3 years. The 5-year figure is 0.73, and annualized covariance runs at 67.4 %².
Within BIT's tracked universe of 11 assets, JHI comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at -2.3% for BIT and +2.3% for JHI.
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.
BIT vs JHI: side by side
| BIT (BlackRock Multi-Sector Income Trust) | JHI (John Hancock Investors Trust) | |
|---|---|---|
| 1-year return | -2.3% | +2.3% |
| 5-year return | +5.8% | +3.7% |
| Volatility (ann.) | 10.5% | 9.3% |
| Beta vs S&P 500 | 0.42 | 0.37 |
| Max drawdown (3Y) | -11.6% | -11.2% |
| Market cap | $0.7B | – |
| P/E (trailing) | 11.3 | 8.6 |
| Dividend yield | 0.00% | 9.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIT | JHI |
|---|---|---|
| 2022 | -14.6% | -29.5% |
| 2023 | +16.5% | +10.6% |
| 2024 | +7.2% | +14.4% |
| 2025 | -0.7% | +9.1% |
| 2026 | -1.1% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIT and JHI good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BIT and JHI?
The BIT/JHI correlation stands at 0.70 on a 3-year window (1 year: 0.80, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is JHI a good diversifier for BIT?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 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/bit-vs-jhi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bit-vs-jhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIT correlations · JHI correlations
