JHI vs TEI: Correlation
Measured on weekly returns over the past three years, John Hancock Investors Trust (JHI) and Templeton Emerging Markets Income Fund, Inc. (TEI) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHI and TEI?
Across a 3-year window, the weekly returns of JHI and TEI correlate at 0.69, strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 101.2 %².
By 3-year correlation, TEI places #15 of the 33 assets tracked against JHI. The last year tells two different stories: TEI led by 25.0 percentage points, +2.3% for JHI against +27.3% for TEI. Note the risk asymmetry: TEI runs 1.7 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 TEI: side by side
| JHI (John Hancock Investors Trust) | TEI (Templeton Emerging Markets Income Fund, Inc.) | |
|---|---|---|
| 1-year return | +2.3% | +27.3% |
| 5-year return | +3.7% | +54.4% |
| Volatility (ann.) | 9.3% | 15.8% |
| Beta vs S&P 500 | 0.37 | 0.58 |
| Max drawdown (3Y) | -11.2% | -14.5% |
| Market cap | – | $0.3B |
| P/E (trailing) | 8.6 | 3.4 |
| Dividend yield | 9.37% | 8.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHI | TEI |
|---|---|---|
| 2022 | -29.5% | -15.5% |
| 2023 | +10.6% | +3.8% |
| 2024 | +14.4% | +11.9% |
| 2025 | +9.1% | +45.6% |
| 2026 | +1.0% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHI and TEI good diversifiers for each other?
Only partially. A correlation of 0.69 means JHI and TEI 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 TEI?
As of 2026-08-27, the correlation of weekly returns between JHI and TEI is 0.69 over 3 years, 0.74 over 1 year and 0.60 over 5 years.
Is TEI a good diversifier for JHI?
Only partially. A correlation of 0.69 means JHI and TEI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jhi-vs-tei.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jhi-vs-tei/)
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Related comparisons
Hubs: JHI correlations · TEI correlations
