ACP vs VGI: Correlation
How closely do abrdn Income Credit Strategies Fund (ACP) and Virtus Global Multi-Sector Income Fund (VGI) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACP and VGI?
Over the past 3 years, ACP and VGI moved with a correlation of 0.66, which is strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 107.6 %².
By 3-year correlation, VGI places #4 of the 12 assets tracked against ACP. Twelve-month performance is nearly a tie, at +1.1% for ACP and +3.8% for VGI. One caveat on sizing: ACP is 1.6 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.
ACP vs VGI: side by side
| ACP (abrdn Income Credit Strategies Fund) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | +1.1% | +3.8% |
| 5-year return | +0.6% | +11.9% |
| Volatility (ann.) | 16.0% | 10.3% |
| Beta vs S&P 500 | 0.59 | 0.38 |
| Max drawdown (3Y) | -19.0% | -11.3% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | 7.7 | 7.8 |
| Dividend yield | 18.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACP | VGI |
|---|---|---|
| 2022 | -22.9% | -22.3% |
| 2023 | +19.3% | +13.4% |
| 2024 | +4.8% | +10.4% |
| 2025 | +6.6% | +16.1% |
| 2026 | +4.9% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACP and VGI good diversifiers for each other?
To a limited degree. At 0.66 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 ACP and VGI?
The ACP/VGI correlation stands at 0.66 on a 3-year window (1 year: 0.65, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is VGI a good diversifier for ACP?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acp-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acp-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACP correlations · VGI correlations
