JHI vs QQQ: Correlation
John Hancock Investors Trust (JHI) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHI and QQQ?
Over the past 3 years, JHI and QQQ moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 89.5 %².
Within JHI's tracked universe of 33 assets, QQQ comes in at #28 by 3-year correlation. The last year tells two different stories: QQQ led by 24.0 percentage points, +2.3% for JHI against +26.3% for QQQ. One caveat on sizing: QQQ is 2.1 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 QQQ: side by side
| JHI (John Hancock Investors Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.3% | +26.3% |
| 5-year return | +3.7% | +95.4% |
| Volatility (ann.) | 9.3% | 19.6% |
| Beta vs S&P 500 | 0.37 | 1.28 |
| Max drawdown (3Y) | -11.2% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 8.6 | – |
| Dividend yield | 9.37% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | JHI | QQQ |
|---|---|---|
| 2022 | -29.5% | -32.6% |
| 2023 | +10.6% | +54.9% |
| 2024 | +14.4% | +25.6% |
| 2025 | +9.1% | +20.8% |
| 2026 | +1.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHI and QQQ good diversifiers for each other?
Reasonably. At 0.49, JHI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JHI and QQQ?
As of 2026-08-27, the correlation of weekly returns between JHI and QQQ is 0.49 over 3 years, 0.58 over 1 year and 0.53 over 5 years.
Is QQQ a good diversifier for JHI?
Reasonably. At 0.49, JHI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jhi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JHI correlations · QQQ correlations
