DHY vs LVS: Correlation
Credit Suisse High Yield Credit Fund (DHY) and Las Vegas Sands (LVS) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHY and LVS?
Across a 3-year window, the weekly returns of DHY and LVS correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 147.3 %².
LVS is close to the least connected end of DHY's tracked universe, ranking #9 of 13. On 12-month performance DHY holds a 10.8-point edge, -9.5% against -20.3%. Note the risk asymmetry: LVS runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DHY vs LVS: side by side
| DHY (Credit Suisse High Yield Credit Fund) | LVS (Las Vegas Sands) | |
|---|---|---|
| 1-year return | -9.5% | -20.3% |
| 5-year return | +9.4% | +8.5% |
| Volatility (ann.) | 10.9% | 34.8% |
| Beta vs S&P 500 | 0.36 | 0.75 |
| Max drawdown (3Y) | -12.9% | -44.0% |
| Market cap | – | $28.7B |
| P/E (trailing) | 17.1 | 17.1 |
| Dividend yield | 10.81% | 2.49% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | DHY | LVS |
|---|---|---|
| 2022 | -21.5% | +27.7% |
| 2023 | +23.5% | +3.1% |
| 2024 | +18.5% | +6.2% |
| 2025 | +2.5% | +29.5% |
| 2026 | -8.3% | -30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHY and LVS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DHY and LVS?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.41 over the last year and 0.39 over 5 years.
Is LVS a good diversifier for DHY?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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
$ curl https://www.pairbook.io/api/v1/pairs/dhy-vs-lvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhy-vs-lvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHY correlations · LVS correlations
