ACP vs NFJ: Correlation
abrdn Income Credit Strategies Fund (ACP) and Virtus Dividend, Interest & Premium Strategy Fund (NFJ) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACP and NFJ?
Over the past 3 years, ACP and NFJ moved with a correlation of 0.66, which is strong. The past 12 months show a tighter link (0.80) than the 3-year average (0.66). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 144.8 %².
Few assets follow ACP as closely as NFJ, which ranks #3 of 12 tracked partners. The last year tells two different stories: NFJ led by 29.9 percentage points, +1.1% for ACP against +31.0% for NFJ.
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.
ACP vs NFJ: side by side
| ACP (abrdn Income Credit Strategies Fund) | NFJ (Virtus Dividend, Interest & Premium Strategy Fund) | |
|---|---|---|
| 1-year return | +1.1% | +31.0% |
| 5-year return | +0.6% | +50.8% |
| Volatility (ann.) | 16.0% | 13.8% |
| Beta vs S&P 500 | 0.59 | 0.73 |
| Max drawdown (3Y) | -19.0% | -17.0% |
| Market cap | $0.6B | $1.5B |
| P/E (trailing) | 7.7 | 9.8 |
| Dividend yield | 18.53% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACP | NFJ |
|---|---|---|
| 2022 | -22.9% | -23.9% |
| 2023 | +19.3% | +21.3% |
| 2024 | +4.8% | +10.0% |
| 2025 | +6.6% | +12.4% |
| 2026 | +4.9% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACP and NFJ good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACP and NFJ?
The ACP/NFJ correlation stands at 0.66 on a 3-year window (1 year: 0.80, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is NFJ a good diversifier for ACP?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 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/acp-vs-nfj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acp-vs-nfj/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACP correlations · NFJ correlations
