ACV vs CSQ: Correlation
How closely do Virtus Diversified Income & Convertible Fund (ACV) and Calamos Strategic Total Return Fund - Closed End Fund (CSQ) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACV and CSQ?
Across a 3-year window, the weekly returns of ACV and CSQ correlate at 0.79, strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.79 over 3. Stretching to 5 years gives 0.78, with an annualized covariance of 288.2 %².
CSQ is one of the assets that tracks ACV most closely: it ranks #2 out of the 17 assets we track against ACV. The trailing year gives ACV the advantage: +27.4% versus +21.4%, a 6.0-point spread.
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.
ACV vs CSQ: side by side
| ACV (Virtus Diversified Income & Convertible Fund) | CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | |
|---|---|---|
| 1-year return | +27.4% | +21.4% |
| 5-year return | +45.0% | +64.2% |
| Volatility (ann.) | 19.4% | 18.8% |
| Beta vs S&P 500 | 1.02 | 1.22 |
| Max drawdown (3Y) | -23.5% | -24.2% |
| Market cap | $0.3B | $3.4B |
| P/E (trailing) | 5.1 | 3.2 |
| Dividend yield | 0.00% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACV | CSQ |
|---|---|---|
| 2022 | -36.0% | -24.2% |
| 2023 | +26.0% | +20.9% |
| 2024 | +15.4% | +28.2% |
| 2025 | +33.7% | +16.3% |
| 2026 | +7.0% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACV and CSQ good diversifiers for each other?
To a limited degree. At 0.79 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 ACV and CSQ?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.76 over the last year and 0.78 over 5 years.
Is CSQ a good diversifier for ACV?
To a limited degree. At 0.79 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 0.79 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/acv-vs-csq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acv-vs-csq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACV correlations · CSQ correlations
