BLW vs JHI: Correlation
Measured on weekly returns over the past three years, Blackrock Limited Duration Income Trust (BLW) and John Hancock Investors Trust (JHI) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLW and JHI?
Over the past 3 years, BLW and JHI moved with a correlation of 0.77, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.77 over 3. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 69.7 %².
JHI is one of the assets that tracks BLW most closely: it ranks #1 out of the 17 assets we track against BLW. Twelve-month performance is nearly a tie, at -0.2% for BLW 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.
BLW vs JHI: side by side
| BLW (Blackrock Limited Duration Income Trust) | JHI (John Hancock Investors Trust) | |
|---|---|---|
| 1-year return | -0.2% | +2.3% |
| 5-year return | +16.7% | +3.7% |
| Volatility (ann.) | 9.8% | 9.3% |
| Beta vs S&P 500 | 0.38 | 0.37 |
| Max drawdown (3Y) | -11.2% | -11.2% |
| Market cap | $0.5B | – |
| P/E (trailing) | 10.4 | 8.6 |
| Dividend yield | 10.69% | 9.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLW | JHI |
|---|---|---|
| 2022 | -15.9% | -29.5% |
| 2023 | +17.3% | +10.6% |
| 2024 | +11.1% | +14.4% |
| 2025 | +7.1% | +9.1% |
| 2026 | -0.8% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLW and JHI good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLW and JHI?
As of 2026-08-27, the correlation of weekly returns between BLW and JHI is 0.77 over 3 years, 0.70 over 1 year and 0.76 over 5 years.
Is JHI a good diversifier for BLW?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 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/blw-vs-jhi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blw-vs-jhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLW correlations · JHI correlations
