DSL vs VGI: Correlation
How closely do DoubleLine Income Solutions Fund (DSL) and Virtus Global Multi-Sector Income Fund (VGI) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and VGI?
On 3 years of weekly data the DSL/VGI correlation comes out at 0.77, strong. Recent behaviour matches the longer record: 0.82 over 1 year against 0.77 over 3. The 5-year figure is 0.73, and annualized covariance runs at 96.6 %².
By 3-year correlation, VGI places #4 of the 30 assets tracked against DSL. On 12-month performance VGI holds a 7.5-point edge, -3.7% 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.
DSL vs VGI: side by side
| DSL (DoubleLine Income Solutions Fund) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | -3.7% | +3.8% |
| 5-year return | +5.8% | +11.9% |
| Volatility (ann.) | 12.2% | 10.3% |
| Beta vs S&P 500 | 0.49 | 0.38 |
| Max drawdown (3Y) | -13.5% | -11.3% |
| Market cap | $1.2B | $0.1B |
| P/E (trailing) | 33.2 | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | VGI |
|---|---|---|
| 2022 | -22.6% | -22.3% |
| 2023 | +23.4% | +13.4% |
| 2024 | +14.0% | +10.4% |
| 2025 | -0.0% | +16.1% |
| 2026 | +2.1% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and VGI good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DSL and VGI?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.82 over the last year and 0.73 over 5 years.
Is VGI a good diversifier for DSL?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsl-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsl-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DSL correlations · VGI correlations
