BANX vs JGH: Correlation
Measured on weekly returns over the past three years, ArrowMark Financial Corp. - Closed End Fund (BANX) and Nuveen Global High Income Fund (JGH) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANX and JGH?
Over the past 3 years, BANX and JGH moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 76.7 %².
Among the 12 assets we track against BANX, JGH ranks #4 by 3-year correlation. Over the last 12 months BANX came out ahead by 11.7 percentage points (+13.0% against +1.3%).
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.
BANX vs JGH: side by side
| BANX (ArrowMark Financial Corp. - Closed End Fund) | JGH (Nuveen Global High Income Fund) | |
|---|---|---|
| 1-year return | +13.0% | +1.3% |
| 5-year return | +58.6% | +26.7% |
| Volatility (ann.) | 14.7% | 12.7% |
| Beta vs S&P 500 | 0.32 | 0.51 |
| Max drawdown (3Y) | -13.7% | -13.7% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 8.4 | 10.5 |
| Dividend yield | 8.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANX | JGH |
|---|---|---|
| 2022 | -15.3% | -21.0% |
| 2023 | +20.4% | +20.9% |
| 2024 | +27.7% | +16.0% |
| 2025 | +15.6% | +8.2% |
| 2026 | +0.9% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANX and JGH good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BANX and JGH?
As of 2026-08-27, the correlation of weekly returns between BANX and JGH is 0.41 over 3 years, 0.36 over 1 year and 0.36 over 5 years.
Is JGH a good diversifier for BANX?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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
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Hubs: BANX correlations · JGH correlations
