HTD vs MEGI: Correlation
John Hancock Tax Advantaged Dividend Income Fund (HTD) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and MEGI?
Across a 3-year window, the weekly returns of HTD and MEGI correlate at 0.77, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.77 over 3. Stretching to 5 years gives 0.77, with an annualized covariance of 235.6 %².
Among the 23 assets we track against HTD, MEGI ranks #4 by 3-year correlation. Neither side won the trailing year by much: +11.0% against +14.7%.
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.
HTD vs MEGI: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | |
|---|---|---|
| 1-year return | +11.0% | +14.7% |
| 5-year return | +50.6% | +20.7% |
| Volatility (ann.) | 15.9% | 19.4% |
| Beta vs S&P 500 | 0.43 | 0.49 |
| Max drawdown (3Y) | -15.7% | -17.4% |
| Market cap | $0.9B | $0.8B |
| P/E (trailing) | 5.3 | 4.9 |
| Dividend yield | 7.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTD | MEGI |
|---|---|---|
| 2022 | -6.2% | -23.3% |
| 2023 | -9.9% | +5.5% |
| 2024 | +25.7% | +5.2% |
| 2025 | +15.9% | +26.2% |
| 2026 | +12.1% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and MEGI good diversifiers for each other?
Only partially. A correlation of 0.77 means HTD and MEGI 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 HTD and MEGI?
As of 2026-08-27, the correlation of weekly returns between HTD and MEGI is 0.77 over 3 years, 0.75 over 1 year and 0.77 over 5 years.
Is MEGI a good diversifier for HTD?
Only partially. A correlation of 0.77 means HTD and MEGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 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/htd-vs-megi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/htd-vs-megi/)
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Related comparisons
Hubs: HTD correlations · MEGI correlations
