CHW vs VT: Correlation
Calamos Global Dynamic Income Fund - Closed End Fund (CHW) and Vanguard Total World Stock ETF (VT) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHW and VT?
Over the past 3 years, CHW and VT moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.80 over 1 year against 0.86 over 3. Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 220.5 %².
Few assets follow CHW as closely as VT, which ranks #3 of 17 tracked partners. Twelve-month performance is nearly a tie, at +26.8% for CHW and +22.7% for VT.
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.
CHW vs VT: side by side
| CHW (Calamos Global Dynamic Income Fund - Closed End Fund) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +26.8% | +22.7% |
| 5-year return | +27.6% | +67.7% |
| Volatility (ann.) | 18.6% | 13.9% |
| Beta vs S&P 500 | 1.05 | 0.92 |
| Max drawdown (3Y) | -20.4% | -16.5% |
| Market cap | – | – |
| P/E (trailing) | 3.0 | – |
| Dividend yield | 7.03% | 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 | CHW | VT |
|---|---|---|
| 2022 | -37.7% | -18.0% |
| 2023 | +14.5% | +22.0% |
| 2024 | +27.8% | +16.5% |
| 2025 | +19.6% | +22.4% |
| 2026 | +20.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHW and VT good diversifiers for each other?
No: a correlation of 0.86 means CHW and VT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CHW and VT?
As of 2026-08-27, the correlation of weekly returns between CHW and VT is 0.86 over 3 years, 0.80 over 1 year and 0.86 over 5 years.
Is VT a good diversifier for CHW?
No: a correlation of 0.86 means CHW and VT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 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
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Related comparisons
Hubs: CHW correlations · VT correlations
