JHI vs PCM: Correlation
John Hancock Investors Trust (JHI) and PCM Fund, Inc. (PCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHI and PCM?
Across a 3-year window, the weekly returns of JHI and PCM correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 95.7 %².
Among the 33 assets we track against JHI, PCM ranks #27 by 3-year correlation. The trailing year gives JHI the advantage: +2.3% versus -2.9%, a 5.2-point spread. One caveat on sizing: PCM is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PCM: side by side
| JHI (John Hancock Investors Trust) | PCM (PCM Fund, Inc.) | |
|---|---|---|
| 1-year return | +2.3% | -2.9% |
| 5-year return | +3.7% | -19.9% |
| Volatility (ann.) | 9.3% | 19.0% |
| Beta vs S&P 500 | 0.37 | 0.46 |
| Max drawdown (3Y) | -11.2% | -27.1% |
| Market cap | – | – |
| P/E (trailing) | 8.6 | 9.6 |
| Dividend yield | 9.37% | 14.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHI | PCM |
|---|---|---|
| 2022 | -29.5% | -19.7% |
| 2023 | +10.6% | +12.4% |
| 2024 | +14.4% | +8.8% |
| 2025 | +9.1% | -10.1% |
| 2026 | +1.0% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHI and PCM good diversifiers for each other?
Only partially. A correlation of 0.54 means JHI and PCM 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 JHI and PCM?
The JHI/PCM correlation stands at 0.54 on a 3-year window (1 year: 0.55, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is PCM a good diversifier for JHI?
Only partially. A correlation of 0.54 means JHI and PCM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/jhi-vs-pcm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jhi-vs-pcm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JHI correlations · PCM correlations
