JHI vs PFL: Correlation
How closely do John Hancock Investors Trust (JHI) and PIMCO Income Strategy Fund Shares of Beneficial Interest (PFL) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHI and PFL?
Across a 3-year window, the weekly returns of JHI and PFL correlate at 0.74, strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 82.4 %².
Among the 33 assets we track against JHI, PFL ranks #9 by 3-year correlation. Neither side won the trailing year by much: +2.3% against +1.1%.
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 PFL: side by side
| JHI (John Hancock Investors Trust) | PFL (PIMCO Income Strategy Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +2.3% | +1.1% |
| 5-year return | +3.7% | +1.9% |
| Volatility (ann.) | 9.3% | 12.0% |
| Beta vs S&P 500 | 0.37 | 0.39 |
| Max drawdown (3Y) | -11.2% | -11.1% |
| Market cap | – | – |
| P/E (trailing) | 8.6 | 9.6 |
| Dividend yield | 9.37% | 12.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHI | PFL |
|---|---|---|
| 2022 | -29.5% | -18.0% |
| 2023 | +10.6% | +17.2% |
| 2024 | +14.4% | +11.4% |
| 2025 | +9.1% | +13.0% |
| 2026 | +1.0% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHI and PFL good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JHI and PFL?
The JHI/PFL correlation stands at 0.74 on a 3-year window (1 year: 0.77, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is PFL a good diversifier for JHI?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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/jhi-vs-pfl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jhi-vs-pfl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JHI correlations · PFL correlations
