CHY vs VT: Correlation
Measured on weekly returns over the past three years, Calamos Convertible and High Income Fund - Closed End Fund (CHY) and Vanguard Total World Stock ETF (VT) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHY and VT?
Across a 3-year window, the weekly returns of CHY and VT correlate at 0.70, strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 158.9 %².
By 3-year correlation, VT places #5 of the 10 assets tracked against CHY. Over the last 12 months CHY came out ahead by 10.1 percentage points (+32.8% 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.
CHY vs VT: side by side
| CHY (Calamos Convertible and High Income Fund - Closed End Fund) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +32.8% | +22.7% |
| 5-year return | +33.7% | +67.7% |
| Volatility (ann.) | 16.4% | 13.9% |
| Beta vs S&P 500 | 0.78 | 0.92 |
| Max drawdown (3Y) | -24.3% | -16.5% |
| Market cap | $1.1B | – |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 9.22% | 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 | CHY | VT |
|---|---|---|
| 2022 | -28.0% | -18.0% |
| 2023 | +20.8% | +22.0% |
| 2024 | +17.2% | +16.5% |
| 2025 | +4.0% | +22.4% |
| 2026 | +22.3% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHY and VT good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CHY and VT?
The CHY/VT correlation stands at 0.70 on a 3-year window (1 year: 0.79, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is VT a good diversifier for CHY?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/chy-vs-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chy-vs-vt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHY correlations · VT correlations
