JHS vs QQQ: Correlation
Measured on weekly returns over the past three years, John Hancock Income Securities Trust (JHS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHS and QQQ?
Over the past 3 years, JHS and QQQ moved with a correlation of 0.27, which is weak. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 47.0 %².
QQQ is close to the least connected end of JHS's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 26.5 percentage points, -0.2% for JHS against +26.3% for QQQ. One caveat on sizing: QQQ is 2.2 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.
JHS vs QQQ: side by side
| JHS (John Hancock Income Securities Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -0.2% | +26.3% |
| 5-year return | -10.6% | +95.4% |
| Volatility (ann.) | 9.0% | 19.6% |
| Beta vs S&P 500 | 0.23 | 1.28 |
| Max drawdown (3Y) | -8.7% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.0 | – |
| Dividend yield | 5.59% | 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 | JHS | QQQ |
|---|---|---|
| 2022 | -26.5% | -32.6% |
| 2023 | +6.1% | +54.9% |
| 2024 | +8.0% | +25.6% |
| 2025 | +10.2% | +20.8% |
| 2026 | -4.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JHS and QQQ?
As of 2026-08-27, the correlation of weekly returns between JHS and QQQ is 0.27 over 3 years, 0.37 over 1 year and 0.37 over 5 years.
Is QQQ a good diversifier for JHS?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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
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Related comparisons
Hubs: JHS correlations · QQQ correlations
