JHI vs KALA: Correlation
John Hancock Investors Trust (JHI) and KALA BIO, Inc. (KALA) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHI and KALA?
On 3 years of weekly data the JHI/KALA correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.33 over 3. The 5-year figure is 0.05, and annualized covariance runs at 368.6 %².
KALA is close to the least connected end of JHI's tracked universe, ranking #30 of 33. The last year tells two different stories: JHI led by 102.1 percentage points, +2.3% for JHI against -99.8% for KALA. Note the risk asymmetry: KALA runs 12.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JHI vs KALA: side by side
| JHI (John Hancock Investors Trust) | KALA (KALA BIO, Inc.) | |
|---|---|---|
| 1-year return | +2.3% | -99.8% |
| 5-year return | +3.7% | -100.0% |
| Volatility (ann.) | 9.3% | 119.6% |
| Beta vs S&P 500 | 0.37 | 1.73 |
| Max drawdown (3Y) | -11.2% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | 8.6 | – |
| Dividend yield | 9.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHI | KALA |
|---|---|---|
| 2022 | -29.5% | -36.9% |
| 2023 | +10.6% | -81.7% |
| 2024 | +14.4% | -0.9% |
| 2025 | +9.1% | -92.0% |
| 2026 | +1.0% | -97.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHI and KALA good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JHI and KALA?
As of 2026-08-27, the correlation of weekly returns between JHI and KALA is 0.33 over 3 years, 0.40 over 1 year and 0.05 over 5 years.
Is KALA a good diversifier for JHI?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 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/jhi-vs-kala.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jhi-vs-kala/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JHI correlations · KALA correlations
