BTZ vs JHS: Correlation
BlackRock Credit Allocation Income Trust (BTZ) and John Hancock Income Securities Trust (JHS) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTZ and JHS?
On 3 years of weekly data the BTZ/JHS correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.66 over 3. The 5-year figure is 0.74, and annualized covariance runs at 68.6 %².
By 3-year correlation, JHS places #15 of the 25 assets tracked against BTZ. Neither side won the trailing year by much: +1.6% 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.
BTZ vs JHS: side by side
| BTZ (BlackRock Credit Allocation Income Trust) | JHS (John Hancock Income Securities Trust) | |
|---|---|---|
| 1-year return | +1.6% | -0.2% |
| 5-year return | +5.4% | -10.6% |
| Volatility (ann.) | 11.5% | 9.0% |
| Beta vs S&P 500 | 0.44 | 0.23 |
| Max drawdown (3Y) | -9.3% | -8.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | 9.2 | 14.0 |
| Dividend yield | 0.00% | 5.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTZ | JHS |
|---|---|---|
| 2022 | -27.1% | -26.5% |
| 2023 | +12.8% | +6.1% |
| 2024 | +11.3% | +8.0% |
| 2025 | +13.7% | +10.2% |
| 2026 | +0.1% | -4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTZ and JHS good diversifiers for each other?
Only partially. A correlation of 0.66 means BTZ and JHS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BTZ and JHS?
As of 2026-08-27, the correlation of weekly returns between BTZ and JHS is 0.66 over 3 years, 0.63 over 1 year and 0.74 over 5 years.
Is JHS a good diversifier for BTZ?
Only partially. A correlation of 0.66 means BTZ and JHS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BTZ correlations · JHS correlations
