AMRX vs VGI: Correlation
Measured on weekly returns over the past three years, Amneal Pharmaceuticals, Inc. (AMRX) and Virtus Global Multi-Sector Income Fund (VGI) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMRX and VGI?
Over the past 3 years, AMRX and VGI moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 190.9 %².
Within AMRX's tracked universe of 11 assets, VGI comes in at #5 by 3-year correlation. The last year tells two different stories: AMRX led by 88.6 percentage points, +92.4% for AMRX against +3.8% for VGI. One caveat on sizing: AMRX is 3.6 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.
AMRX vs VGI: side by side
| AMRX (Amneal Pharmaceuticals, Inc.) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | +92.4% | +3.8% |
| 5-year return | +243.0% | +11.9% |
| Volatility (ann.) | 36.9% | 10.3% |
| Beta vs S&P 500 | 0.86 | 0.38 |
| Max drawdown (3Y) | -24.6% | -11.3% |
| Market cap | $6.3B | $0.1B |
| P/E (trailing) | 37.5 | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMRX | VGI |
|---|---|---|
| 2022 | -58.5% | -22.3% |
| 2023 | +205.0% | +13.4% |
| 2024 | +30.5% | +10.4% |
| 2025 | +59.1% | +16.1% |
| 2026 | +42.9% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMRX and VGI good diversifiers for each other?
To a limited degree. At 0.50 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 AMRX and VGI?
The AMRX/VGI correlation stands at 0.50 on a 3-year window (1 year: 0.45, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is VGI a good diversifier for AMRX?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 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/amrx-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amrx-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMRX correlations · VGI correlations
