BGH vs VLT: Correlation
How closely do Barings Global Short Duration High Yield Fund (BGH) and Invesco High Income Trust II (VLT) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGH and VLT?
Over the past 3 years, BGH and VLT moved with a correlation of 0.73, which is strong. The past 12 months show a weaker link (0.55) than the 3-year average (0.73). Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 96.3 %².
By 3-year correlation, VLT places #4 of the 13 assets tracked against BGH. Twelve-month performance is nearly a tie, at -2.8% for BGH and -1.3% for VLT.
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 VLT: side by side
| BGH (Barings Global Short Duration High Yield Fund) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | -2.8% | -1.3% |
| 5-year return | +37.9% | +12.4% |
| Volatility (ann.) | 13.2% | 10.0% |
| Beta vs S&P 500 | 0.54 | 0.47 |
| Max drawdown (3Y) | -16.9% | -13.4% |
| Market cap | – | – |
| P/E (trailing) | 14.2 | 13.9 |
| Dividend yield | 0.00% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGH | VLT |
|---|---|---|
| 2022 | -19.9% | -20.9% |
| 2023 | +18.2% | +13.1% |
| 2024 | +27.3% | +17.3% |
| 2025 | +8.5% | +13.2% |
| 2026 | +1.0% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGH and VLT good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BGH and VLT?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.55 over the last year and 0.78 over 5 years.
Is VLT a good diversifier for BGH?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bgh-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgh-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGH correlations · VLT correlations
