BGH vs DHY: Correlation
Barings Global Short Duration High Yield Fund (BGH) and Credit Suisse High Yield Credit Fund (DHY) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGH and DHY?
Over the past 3 years, BGH and DHY moved with a correlation of 0.61, which is strong. The past 12 months show a weaker link (0.44) than the 3-year average (0.61). Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 87.4 %².
By 3-year correlation, DHY places #7 of the 13 assets tracked against BGH. Over the last 12 months BGH came out ahead by 6.7 percentage points (-2.8% against -9.5%).
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.
BGH vs DHY: side by side
| BGH (Barings Global Short Duration High Yield Fund) | DHY (Credit Suisse High Yield Credit Fund) | |
|---|---|---|
| 1-year return | -2.8% | -9.5% |
| 5-year return | +37.9% | +9.4% |
| Volatility (ann.) | 13.2% | 10.9% |
| Beta vs S&P 500 | 0.54 | 0.36 |
| Max drawdown (3Y) | -16.9% | -12.9% |
| Market cap | – | – |
| P/E (trailing) | 14.2 | 17.1 |
| Dividend yield | 0.00% | 10.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGH | DHY |
|---|---|---|
| 2022 | -19.9% | -21.5% |
| 2023 | +18.2% | +23.5% |
| 2024 | +27.3% | +18.5% |
| 2025 | +8.5% | +2.5% |
| 2026 | +1.0% | -8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGH and DHY good diversifiers for each other?
To a limited degree. At 0.61 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 BGH and DHY?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.44 over the last year and 0.70 over 5 years.
Is DHY a good diversifier for BGH?
To a limited degree. At 0.61 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 0.61 mean?
A reading of 0.61 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/bgh-vs-dhy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgh-vs-dhy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGH correlations · DHY correlations
