JHI vs NHS: Correlation
How closely do John Hancock Investors Trust (JHI) and Neuberger High Yield Strategies Fund Inc. (NHS) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHI and NHS?
Over the past 3 years, JHI and NHS moved with a correlation of 0.67, which is strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 80.1 %².
Among the 33 assets we track against JHI, NHS ranks #16 by 3-year correlation. The trailing year gives JHI the advantage: +2.3% versus -7.1%, a 9.4-point spread.
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 NHS: side by side
| JHI (John Hancock Investors Trust) | NHS (Neuberger High Yield Strategies Fund Inc.) | |
|---|---|---|
| 1-year return | +2.3% | -7.1% |
| 5-year return | +3.7% | -7.7% |
| Volatility (ann.) | 9.3% | 13.0% |
| Beta vs S&P 500 | 0.37 | 0.41 |
| Max drawdown (3Y) | -11.2% | -17.4% |
| Market cap | – | – |
| P/E (trailing) | 8.6 | 9.9 |
| Dividend yield | 9.37% | 18.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHI | NHS |
|---|---|---|
| 2022 | -29.5% | -23.0% |
| 2023 | +10.6% | +3.7% |
| 2024 | +14.4% | +11.0% |
| 2025 | +9.1% | +14.8% |
| 2026 | +1.0% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHI and NHS good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JHI and NHS?
The JHI/NHS correlation stands at 0.67 on a 3-year window (1 year: 0.62, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is NHS a good diversifier for JHI?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 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/jhi-vs-nhs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jhi-vs-nhs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JHI correlations · NHS correlations
