DSL vs JGH: Correlation
Measured on weekly returns over the past three years, DoubleLine Income Solutions Fund (DSL) and Nuveen Global High Income Fund (JGH) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and JGH?
Over the past 3 years, DSL and JGH moved with a correlation of 0.75, which is strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.75 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 115.4 %².
Within DSL's tracked universe of 30 assets, JGH comes in at #9 by 3-year correlation. Over the last 12 months JGH came out ahead by 5.0 percentage points (-3.7% against +1.3%).
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.
DSL vs JGH: side by side
| DSL (DoubleLine Income Solutions Fund) | JGH (Nuveen Global High Income Fund) | |
|---|---|---|
| 1-year return | -3.7% | +1.3% |
| 5-year return | +5.8% | +26.7% |
| Volatility (ann.) | 12.2% | 12.7% |
| Beta vs S&P 500 | 0.49 | 0.51 |
| Max drawdown (3Y) | -13.5% | -13.7% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | 33.2 | 10.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | JGH |
|---|---|---|
| 2022 | -22.6% | -21.0% |
| 2023 | +23.4% | +20.9% |
| 2024 | +14.0% | +16.0% |
| 2025 | -0.0% | +8.2% |
| 2026 | +2.1% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and JGH good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DSL and JGH?
As of 2026-08-27, the correlation of weekly returns between DSL and JGH is 0.75 over 3 years, 0.77 over 1 year and 0.70 over 5 years.
Is JGH a good diversifier for DSL?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 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/dsl-vs-jgh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dsl-vs-jgh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DSL correlations · JGH correlations
