HTD vs VZ: Correlation
John Hancock Tax Advantaged Dividend Income Fund (HTD) and Verizon (VZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and VZ?
Over the past 3 years, HTD and VZ moved with a correlation of 0.41, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 148.5 %².
By 3-year correlation, VZ places #15 of the 23 assets tracked against HTD. Over the last 12 months VZ came out ahead by 8.3 percentage points (+11.0% against +19.3%).
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.
HTD vs VZ: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | VZ (Verizon) | |
|---|---|---|
| 1-year return | +11.0% | +19.3% |
| 5-year return | +50.6% | +23.8% |
| Volatility (ann.) | 15.9% | 22.9% |
| Beta vs S&P 500 | 0.43 | 0.15 |
| Max drawdown (3Y) | -15.7% | -17.0% |
| Market cap | $0.9B | $205.4B |
| P/E (trailing) | 5.3 | 12.9 |
| Dividend yield | 7.30% | 5.57% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | HTD | VZ |
|---|---|---|
| 2022 | -6.2% | -20.0% |
| 2023 | -9.9% | +2.7% |
| 2024 | +25.7% | +13.1% |
| 2025 | +15.9% | +8.9% |
| 2026 | +12.1% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and VZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HTD and VZ?
The HTD/VZ correlation stands at 0.41 on a 3-year window (1 year: 0.43, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is VZ a good diversifier for HTD?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/htd-vs-vz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/htd-vs-vz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HTD correlations · VZ correlations
