DSL vs VLT: Correlation
Measured on weekly returns over the past three years, DoubleLine Income Solutions Fund (DSL) and Invesco High Income Trust II (VLT) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and VLT?
Across a 3-year window, the weekly returns of DSL and VLT correlate at 0.78, strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.78 over 3. Stretching to 5 years gives 0.70, with an annualized covariance of 95.6 %².
In DSL's tracked universe of 30 assets, VLT sits right near the top at #1. Neither side won the trailing year by much: -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 VLT: side by side
| DSL (DoubleLine Income Solutions Fund) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | -3.7% | -1.3% |
| 5-year return | +5.8% | +12.4% |
| Volatility (ann.) | 12.2% | 10.0% |
| Beta vs S&P 500 | 0.49 | 0.47 |
| Max drawdown (3Y) | -13.5% | -13.4% |
| Market cap | $1.2B | – |
| P/E (trailing) | 33.2 | 13.9 |
| Dividend yield | 0.00% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | VLT |
|---|---|---|
| 2022 | -22.6% | -20.9% |
| 2023 | +23.4% | +13.1% |
| 2024 | +14.0% | +17.3% |
| 2025 | -0.0% | +13.2% |
| 2026 | +2.1% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and VLT good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DSL and VLT?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.73 over the last year and 0.70 over 5 years.
Is VLT a good diversifier for DSL?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 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/dsl-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dsl-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DSL correlations · VLT correlations
