JHI vs WDI: Correlation
Measured on weekly returns over the past three years, John Hancock Investors Trust (JHI) and Western Asset Diversified Income Fund (WDI) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHI and WDI?
On 3 years of weekly data the JHI/WDI correlation comes out at 0.76, strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 82.0 %².
Within JHI's tracked universe of 33 assets, WDI comes in at #6 by 3-year correlation. Neither side won the trailing year by much: +2.3% against -2.3%.
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 WDI: side by side
| JHI (John Hancock Investors Trust) | WDI (Western Asset Diversified Income Fund) | |
|---|---|---|
| 1-year return | +2.3% | -2.3% |
| 5-year return | +3.7% | +14.7% |
| Volatility (ann.) | 9.3% | 11.7% |
| Beta vs S&P 500 | 0.37 | 0.46 |
| Max drawdown (3Y) | -11.2% | -14.1% |
| Market cap | – | $0.7B |
| P/E (trailing) | 8.6 | 9.3 |
| Dividend yield | 9.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHI | WDI |
|---|---|---|
| 2022 | -29.5% | -23.3% |
| 2023 | +10.6% | +25.1% |
| 2024 | +14.4% | +13.9% |
| 2025 | +9.1% | +10.7% |
| 2026 | +1.0% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHI and WDI good diversifiers for each other?
To a limited degree. At 0.76 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 WDI?
As of 2026-08-27, the correlation of weekly returns between JHI and WDI is 0.76 over 3 years, 0.74 over 1 year and 0.72 over 5 years.
Is WDI a good diversifier for JHI?
To a limited degree. At 0.76 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 0.76 mean?
On the −1 to +1 scale, 0.76 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-wdi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jhi-vs-wdi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JHI correlations · WDI correlations
