HTD vs VTR: Correlation
Measured on weekly returns over the past three years, John Hancock Tax Advantaged Dividend Income Fund (HTD) and Ventas (VTR) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and VTR?
Across a 3-year window, the weekly returns of HTD and VTR correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 182.5 %².
By 3-year correlation, VTR places #13 of the 23 assets tracked against HTD. Their recent paths diverged sharply: over the last 12 months VTR outperformed by 29.4 percentage points (+11.0% for HTD against +40.4% for VTR).
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 VTR: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | VTR (Ventas) | |
|---|---|---|
| 1-year return | +11.0% | +40.4% |
| 5-year return | +50.6% | +98.1% |
| Volatility (ann.) | 15.9% | 21.5% |
| Beta vs S&P 500 | 0.43 | 0.25 |
| Max drawdown (3Y) | -15.7% | -16.7% |
| Market cap | $0.9B | $47.6B |
| P/E (trailing) | 5.3 | 168.9 |
| Dividend yield | 7.30% | 2.14% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | HTD | VTR |
|---|---|---|
| 2022 | -6.2% | -8.5% |
| 2023 | -9.9% | +15.1% |
| 2024 | +25.7% | +22.2% |
| 2025 | +15.9% | +35.1% |
| 2026 | +12.1% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and VTR good diversifiers for each other?
Only partially. A correlation of 0.54 means HTD and VTR 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 VTR?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.48 over the last year and 0.53 over 5 years.
Is VTR a good diversifier for HTD?
Only partially. A correlation of 0.54 means HTD and VTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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.
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Related comparisons
Hubs: HTD correlations · VTR correlations
