JHI vs PGP: Correlation
John Hancock Investors Trust (JHI) and Pimco Global StocksPlus & Income Fund (PGP) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHI and PGP?
Over the past 3 years, JHI and PGP moved with a correlation of 0.72, which is strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 112.6 %².
Among the 33 assets we track against JHI, PGP ranks #12 by 3-year correlation. The trailing year gives PGP the advantage: +2.3% versus +13.5%, a 11.2-point spread. Note the risk asymmetry: PGP runs 1.8 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 PGP: side by side
| JHI (John Hancock Investors Trust) | PGP (Pimco Global StocksPlus & Income Fund) | |
|---|---|---|
| 1-year return | +2.3% | +13.5% |
| 5-year return | +3.7% | +30.7% |
| Volatility (ann.) | 9.3% | 16.8% |
| Beta vs S&P 500 | 0.37 | 0.58 |
| Max drawdown (3Y) | -11.2% | -16.1% |
| Market cap | – | – |
| P/E (trailing) | 8.6 | 4.2 |
| Dividend yield | 9.37% | 9.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHI | PGP |
|---|---|---|
| 2022 | -29.5% | -29.2% |
| 2023 | +10.6% | +21.3% |
| 2024 | +14.4% | +15.5% |
| 2025 | +9.1% | +29.9% |
| 2026 | +1.0% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHI and PGP good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JHI and PGP?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.69 over the last year and 0.69 over 5 years.
Is PGP a good diversifier for JHI?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: JHI correlations · PGP correlations
