ERC vs JHI: Correlation
Allspring Multi-Sector Income Fund (ERC) and John Hancock Investors Trust (JHI) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERC and JHI?
Over the past 3 years, ERC and JHI moved with a correlation of 0.76, which is strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 70.6 %².
JHI is one of the assets that tracks ERC most closely: it ranks #3 out of the 22 assets we track against ERC. Neither side won the trailing year by much: +6.7% 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.
ERC vs JHI: side by side
| ERC (Allspring Multi-Sector Income Fund) | JHI (John Hancock Investors Trust) | |
|---|---|---|
| 1-year return | +6.7% | +2.3% |
| 5-year return | +11.4% | +3.7% |
| Volatility (ann.) | 10.1% | 9.3% |
| Beta vs S&P 500 | 0.41 | 0.37 |
| Max drawdown (3Y) | -9.8% | -11.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | 9.7 | 8.6 |
| Dividend yield | 9.33% | 9.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ERC | JHI |
|---|---|---|
| 2022 | -17.8% | -29.5% |
| 2023 | +4.9% | +10.6% |
| 2024 | +6.1% | +14.4% |
| 2025 | +11.1% | +9.1% |
| 2026 | +5.8% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERC and JHI good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ERC and JHI?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.77 over the last year and 0.73 over 5 years.
Is JHI a good diversifier for ERC?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/erc-vs-jhi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/erc-vs-jhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ERC correlations · JHI correlations
