JHI vs WEA: Correlation
John Hancock Investors Trust (JHI) and Western Asset Bond Fund Share of Beneficial Interest (WEA) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHI and WEA?
Over the past 3 years, JHI and WEA moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 63.3 %².
By 3-year correlation, WEA places #18 of the 33 assets tracked against JHI. Twelve-month performance is nearly a tie, at +2.3% for JHI and +2.2% for WEA.
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 WEA: side by side
| JHI (John Hancock Investors Trust) | WEA (Western Asset Bond Fund Share of Beneficial Interest) | |
|---|---|---|
| 1-year return | +2.3% | +2.2% |
| 5-year return | +3.7% | +4.5% |
| Volatility (ann.) | 9.3% | 10.5% |
| Beta vs S&P 500 | 0.37 | 0.29 |
| Max drawdown (3Y) | -11.2% | -11.4% |
| Market cap | – | – |
| P/E (trailing) | 8.6 | 12.6 |
| Dividend yield | 9.37% | 4.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHI | WEA |
|---|---|---|
| 2022 | -29.5% | -20.2% |
| 2023 | +10.6% | +9.6% |
| 2024 | +14.4% | +7.7% |
| 2025 | +9.1% | +10.6% |
| 2026 | +1.0% | -0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHI and WEA good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JHI and WEA?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.73 over the last year and 0.58 over 5 years.
Is WEA a good diversifier for JHI?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 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-wea.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jhi-vs-wea/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JHI correlations · WEA correlations
