DHY vs JHI: Correlation
Credit Suisse High Yield Credit Fund (DHY) and John Hancock Investors Trust (JHI) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHY and JHI?
Over the past 3 years, DHY and JHI moved with a correlation of 0.60, which is strong. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 60.6 %².
Within DHY's tracked universe of 13 assets, JHI comes in at #5 by 3-year correlation. Over the last 12 months JHI came out ahead by 11.8 percentage points (-9.5% against +2.3%).
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.
DHY vs JHI: side by side
| DHY (Credit Suisse High Yield Credit Fund) | JHI (John Hancock Investors Trust) | |
|---|---|---|
| 1-year return | -9.5% | +2.3% |
| 5-year return | +9.4% | +3.7% |
| Volatility (ann.) | 10.9% | 9.3% |
| Beta vs S&P 500 | 0.36 | 0.37 |
| Max drawdown (3Y) | -12.9% | -11.2% |
| Market cap | – | – |
| P/E (trailing) | 17.1 | 8.6 |
| Dividend yield | 10.81% | 9.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHY | JHI |
|---|---|---|
| 2022 | -21.5% | -29.5% |
| 2023 | +23.5% | +10.6% |
| 2024 | +18.5% | +14.4% |
| 2025 | +2.5% | +9.1% |
| 2026 | -8.3% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHY and JHI good diversifiers for each other?
To a limited degree. At 0.60 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 DHY and JHI?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.53 over the last year and 0.68 over 5 years.
Is JHI a good diversifier for DHY?
To a limited degree. At 0.60 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 0.60 mean?
A reading of 0.60 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/dhy-vs-jhi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dhy-vs-jhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHY correlations · JHI correlations
