CGO vs VT: Correlation
How closely do Calamos Global Total Return Fund - Closed End Fund (CGO) and Vanguard Total World Stock ETF (VT) trade together? Their weekly returns over three years give a correlation of 0.81, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGO and VT?
Across a 3-year window, the weekly returns of CGO and VT correlate at 0.81, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.85 lands near the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 215.3 %².
By 3-year correlation, VT places #4 of the 16 assets tracked against CGO. Neither side won the trailing year by much: +22.1% against +22.7%.
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.
CGO vs VT: side by side
| CGO (Calamos Global Total Return Fund - Closed End Fund) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +22.1% | +22.7% |
| 5-year return | +21.0% | +67.7% |
| Volatility (ann.) | 19.2% | 13.9% |
| Beta vs S&P 500 | 1.04 | 0.92 |
| Max drawdown (3Y) | -26.7% | -16.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | 2.9 | – |
| Dividend yield | 7.31% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | US Listed | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | CGO | VT |
|---|---|---|
| 2022 | -36.6% | -18.0% |
| 2023 | +14.0% | +22.0% |
| 2024 | +36.8% | +16.5% |
| 2025 | +8.9% | +22.4% |
| 2026 | +20.3% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGO and VT good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CGO and VT?
The CGO/VT correlation stands at 0.81 on a 3-year window (1 year: 0.85, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is VT a good diversifier for CGO?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 mean?
A reading of 0.81 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cgo-vs-vt/)
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Related comparisons
Hubs: CGO correlations · VT correlations
