HTD vs ZTR: Correlation
John Hancock Tax Advantaged Dividend Income Fund (HTD) and Virtus Total Return Fund Inc. (ZTR) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and ZTR?
Over the past 3 years, HTD and ZTR moved with a correlation of 0.76, which is strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.76 over 3. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 169.4 %².
Within HTD's tracked universe of 23 assets, ZTR comes in at #9 by 3-year correlation. On 12-month performance ZTR holds a 7.0-point edge, +11.0% against +18.0%.
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 ZTR: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | ZTR (Virtus Total Return Fund Inc.) | |
|---|---|---|
| 1-year return | +11.0% | +18.0% |
| 5-year return | +50.6% | +27.0% |
| Volatility (ann.) | 15.9% | 14.0% |
| Beta vs S&P 500 | 0.43 | 0.40 |
| Max drawdown (3Y) | -15.7% | -18.3% |
| Market cap | $0.9B | $0.3B |
| P/E (trailing) | 5.3 | 5.7 |
| Dividend yield | 7.30% | 8.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTD | ZTR |
|---|---|---|
| 2022 | -6.2% | -21.3% |
| 2023 | -9.9% | -3.2% |
| 2024 | +25.7% | +18.3% |
| 2025 | +15.9% | +18.6% |
| 2026 | +12.1% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and ZTR good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HTD and ZTR?
As of 2026-08-27, the correlation of weekly returns between HTD and ZTR is 0.76 over 3 years, 0.75 over 1 year and 0.73 over 5 years.
Is ZTR a good diversifier for HTD?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 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-ztr.json
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Related comparisons
Hubs: HTD correlations · ZTR correlations
