DBL vs VGI: Correlation
How closely do DoubleLine Opportunistic Credit Fund (DBL) and Virtus Global Multi-Sector Income Fund (VGI) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBL and VGI?
On 3 years of weekly data the DBL/VGI correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 44.5 %².
Few assets follow DBL as closely as VGI, which ranks #2 of 10 tracked partners. Neither side won the trailing year by much: -0.5% against +3.8%.
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.
DBL vs VGI: side by side
| DBL (DoubleLine Opportunistic Credit Fund) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | -0.5% | +3.8% |
| 5-year return | +10.1% | +11.9% |
| Volatility (ann.) | 6.9% | 10.3% |
| Beta vs S&P 500 | 0.17 | 0.38 |
| Max drawdown (3Y) | -5.7% | -11.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 21.1 | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBL | VGI |
|---|---|---|
| 2022 | -15.8% | -22.3% |
| 2023 | +13.1% | +13.4% |
| 2024 | +10.0% | +10.4% |
| 2025 | +7.2% | +16.1% |
| 2026 | -1.4% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBL and VGI good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DBL and VGI?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.55 over the last year and 0.49 over 5 years.
Is VGI a good diversifier for DBL?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/dbl-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dbl-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DBL correlations · VGI correlations
