JHI vs PFN: Correlation
John Hancock Investors Trust (JHI) and PIMCO Income Strategy Fund II (PFN) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHI and PFN?
On 3 years of weekly data the JHI/PFN correlation comes out at 0.74, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.74 over 3. The 5-year figure is 0.72, and annualized covariance runs at 83.8 %².
By 3-year correlation, PFN places #10 of the 33 assets tracked against JHI. Their 12-month results are close: +2.3% for JHI against +4.1% for PFN.
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 PFN: side by side
| JHI (John Hancock Investors Trust) | PFN (PIMCO Income Strategy Fund II) | |
|---|---|---|
| 1-year return | +2.3% | +4.1% |
| 5-year return | +3.7% | +9.3% |
| Volatility (ann.) | 9.3% | 12.2% |
| Beta vs S&P 500 | 0.37 | 0.40 |
| Max drawdown (3Y) | -11.2% | -11.1% |
| Market cap | – | $0.7B |
| P/E (trailing) | 8.6 | 13.4 |
| Dividend yield | 9.37% | 12.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHI | PFN |
|---|---|---|
| 2022 | -29.5% | -17.6% |
| 2023 | +10.6% | +15.5% |
| 2024 | +14.4% | +15.8% |
| 2025 | +9.1% | +13.1% |
| 2026 | +1.0% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHI and PFN 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 PFN?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.71 over the last year and 0.72 over 5 years.
Is PFN 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?
A reading of 0.74 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-pfn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jhi-vs-pfn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JHI correlations · PFN correlations
