ASGI vs MEGI: Correlation
Measured on weekly returns over the past three years, abrdn Global Infrastructure Income Fund (ASGI) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASGI and MEGI?
Over the past 3 years, ASGI and MEGI moved with a correlation of 0.64, which is strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.64 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 236.8 %².
MEGI is one of the assets that tracks ASGI most closely: it ranks #2 out of the 10 assets we track against ASGI. The last year tells two different stories: ASGI led by 20.7 percentage points, +35.4% for ASGI against +14.7% for MEGI.
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.
ASGI vs MEGI: side by side
| ASGI (abrdn Global Infrastructure Income Fund) | MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | |
|---|---|---|
| 1-year return | +35.4% | +14.7% |
| 5-year return | +97.5% | +20.7% |
| Volatility (ann.) | 19.0% | 19.4% |
| Beta vs S&P 500 | 0.50 | 0.49 |
| Max drawdown (3Y) | -15.1% | -17.4% |
| Market cap | $0.8B | $0.8B |
| P/E (trailing) | 4.8 | 4.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASGI | MEGI |
|---|---|---|
| 2022 | -10.5% | -23.3% |
| 2023 | +14.5% | +5.5% |
| 2024 | +10.3% | +5.2% |
| 2025 | +44.2% | +26.2% |
| 2026 | +20.2% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASGI and MEGI good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASGI and MEGI?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.61 over the last year and 0.66 over 5 years.
Is MEGI a good diversifier for ASGI?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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.
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Related comparisons
Hubs: ASGI correlations · MEGI correlations
