HYT vs JHI: Correlation
Blackrock Corporate High Yield Fund, Inc. (HYT) and John Hancock Investors Trust (JHI) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYT and JHI?
Across a 3-year window, the weekly returns of HYT and JHI correlate at 0.74, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.74 over 3. Stretching to 5 years gives 0.72, with an annualized covariance of 78.9 %².
Within HYT's tracked universe of 17 assets, JHI comes in at #5 by 3-year correlation. Neither side won the trailing year by much: -1.6% against +2.3%.
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.
HYT vs JHI: side by side
| HYT (Blackrock Corporate High Yield Fund, Inc.) | JHI (John Hancock Investors Trust) | |
|---|---|---|
| 1-year return | -1.6% | +2.3% |
| 5-year return | +7.9% | +3.7% |
| Volatility (ann.) | 11.6% | 9.3% |
| Beta vs S&P 500 | 0.52 | 0.37 |
| Max drawdown (3Y) | -14.0% | -11.2% |
| Market cap | $1.4B | – |
| P/E (trailing) | 9.1 | 8.6 |
| Dividend yield | 11.29% | 9.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYT | JHI |
|---|---|---|
| 2022 | -22.6% | -29.5% |
| 2023 | +19.9% | +10.6% |
| 2024 | +14.4% | +14.4% |
| 2025 | +0.0% | +9.1% |
| 2026 | +0.1% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYT and JHI good diversifiers for each other?
Only partially. A correlation of 0.74 means HYT and JHI 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 HYT and JHI?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.72 over the last year and 0.72 over 5 years.
Is JHI a good diversifier for HYT?
Only partially. A correlation of 0.74 means HYT and JHI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hyt-vs-jhi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hyt-vs-jhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HYT correlations · JHI correlations
