HTD vs T: Correlation
John Hancock Tax Advantaged Dividend Income Fund (HTD) and AT&T (T) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and T?
On 3 years of weekly data the HTD/T correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 139.6 %².
Among the 23 assets we track against HTD, T ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HTD ahead by 19.4 points (+11.0% versus -8.4%).
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 T: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | T (AT&T) | |
|---|---|---|
| 1-year return | +11.0% | -8.4% |
| 5-year return | +50.6% | +67.2% |
| Volatility (ann.) | 15.9% | 22.4% |
| Beta vs S&P 500 | 0.43 | 0.05 |
| Max drawdown (3Y) | -15.7% | -28.9% |
| Market cap | $0.9B | $174.3B |
| P/E (trailing) | 5.3 | 8.4 |
| Dividend yield | 7.30% | 4.29% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | HTD | T |
|---|---|---|
| 2022 | -6.2% | +6.5% |
| 2023 | -9.9% | -2.7% |
| 2024 | +25.7% | +44.1% |
| 2025 | +15.9% | +14.0% |
| 2026 | +12.1% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and T good diversifiers for each other?
Reasonably. At 0.39, HTD and T keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HTD and T?
As of 2026-08-27, the correlation of weekly returns between HTD and T is 0.39 over 3 years, 0.37 over 1 year and 0.40 over 5 years.
Is T a good diversifier for HTD?
Reasonably. At 0.39, HTD and T keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: HTD correlations · T correlations
