AGD vs IAE: Correlation
How closely do abrdn Global Dynamic Dividend Fund (AGD) and Voya Asia Pacific High Dividend Equity Income Fund ING Asia (IAE) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGD and IAE?
Over the past 3 years, AGD and IAE moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 228.9 %².
Within AGD's tracked universe of 15 assets, IAE comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IAE ahead by 18.1 points (+19.7% versus +37.8%).
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.
AGD vs IAE: side by side
| AGD (abrdn Global Dynamic Dividend Fund) | IAE (Voya Asia Pacific High Dividend Equity Income Fund ING Asia) | |
|---|---|---|
| 1-year return | +19.7% | +37.8% |
| 5-year return | +65.7% | +84.4% |
| Volatility (ann.) | 21.4% | 16.5% |
| Beta vs S&P 500 | 0.88 | 0.72 |
| Max drawdown (3Y) | -20.3% | -16.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | 4.2 | 3.5 |
| Dividend yield | 5.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGD | IAE |
|---|---|---|
| 2022 | -15.3% | -14.0% |
| 2023 | +7.4% | +9.1% |
| 2024 | +16.4% | +13.4% |
| 2025 | +34.3% | +34.6% |
| 2026 | +16.5% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGD and IAE good diversifiers for each other?
To a limited degree. At 0.65 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 AGD and IAE?
As of 2026-08-27, the correlation of weekly returns between AGD and IAE is 0.65 over 3 years, 0.66 over 1 year and 0.66 over 5 years.
Is IAE a good diversifier for AGD?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 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/agd-vs-iae.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agd-vs-iae/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGD correlations · IAE correlations
