JGH vs JHI: Correlation
How closely do Nuveen Global High Income Fund (JGH) and John Hancock Investors Trust (JHI) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JGH and JHI?
Over the past 3 years, JGH and JHI moved with a correlation of 0.75, which is strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.75 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 87.9 %².
JHI is one of the assets that tracks JGH most closely: it ranks #3 out of the 14 assets we track against JGH. Twelve-month performance is nearly a tie, at +1.3% for JGH and +2.3% for JHI.
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.
JGH vs JHI: side by side
| JGH (Nuveen Global High Income Fund) | JHI (John Hancock Investors Trust) | |
|---|---|---|
| 1-year return | +1.3% | +2.3% |
| 5-year return | +26.7% | +3.7% |
| Volatility (ann.) | 12.7% | 9.3% |
| Beta vs S&P 500 | 0.51 | 0.37 |
| Max drawdown (3Y) | -13.7% | -11.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.5 | 8.6 |
| Dividend yield | 0.00% | 9.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JGH | JHI |
|---|---|---|
| 2022 | -21.0% | -29.5% |
| 2023 | +20.9% | +10.6% |
| 2024 | +16.0% | +14.4% |
| 2025 | +8.2% | +9.1% |
| 2026 | +5.0% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JGH and JHI good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JGH and JHI?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.71 over the last year and 0.66 over 5 years.
Is JHI a good diversifier for JGH?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 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/jgh-vs-jhi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jgh-vs-jhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JGH correlations · JHI correlations
