HTD vs TMUS: Correlation
Measured on weekly returns over the past three years, John Hancock Tax Advantaged Dividend Income Fund (HTD) and T-Mobile US (TMUS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and TMUS?
Over the past 3 years, HTD and TMUS moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 139.2 %².
Among the 23 assets we track against HTD, TMUS sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with HTD ahead by 39.0 points (+11.0% versus -28.0%). Note the risk asymmetry: TMUS runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TMUS: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | TMUS (T-Mobile US) | |
|---|---|---|
| 1-year return | +11.0% | -28.0% |
| 5-year return | +50.6% | +34.8% |
| Volatility (ann.) | 15.9% | 24.6% |
| Beta vs S&P 500 | 0.43 | 0.36 |
| Max drawdown (3Y) | -15.7% | -37.1% |
| Market cap | $0.9B | $190.7B |
| P/E (trailing) | 5.3 | 18.8 |
| Dividend yield | 7.30% | 2.27% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | HTD | TMUS |
|---|---|---|
| 2022 | -6.2% | +20.7% |
| 2023 | -9.9% | +15.0% |
| 2024 | +25.7% | +39.7% |
| 2025 | +15.9% | -6.6% |
| 2026 | +12.1% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and TMUS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HTD and TMUS?
As of 2026-08-27, the correlation of weekly returns between HTD and TMUS is 0.36 over 3 years, 0.42 over 1 year and 0.40 over 5 years.
Is TMUS a good diversifier for HTD?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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-tmus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/htd-vs-tmus/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HTD correlations · TMUS correlations
