EDF vs EHI: Correlation
Virtus Stone Harbor Emerging Markets Income Fund (EDF) and Western Asset Global High Income Fund Inc (EHI) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDF and EHI?
On 3 years of weekly data the EDF/EHI correlation comes out at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 139.4 %².
In EDF's tracked universe of 11 assets, EHI sits right near the top at #3. The last year tells two different stories: EDF led by 16.0 percentage points, +15.4% for EDF against -0.6% for EHI. Note the risk asymmetry: EDF runs 1.8 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.
EDF vs EHI: side by side
| EDF (Virtus Stone Harbor Emerging Markets Income Fund) | EHI (Western Asset Global High Income Fund Inc) | |
|---|---|---|
| 1-year return | +15.4% | -0.6% |
| 5-year return | +26.6% | -1.0% |
| Volatility (ann.) | 20.9% | 11.4% |
| Beta vs S&P 500 | 0.52 | 0.45 |
| Max drawdown (3Y) | -23.4% | -16.0% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | 4.6 | 8.0 |
| Dividend yield | 0.00% | 14.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDF | EHI |
|---|---|---|
| 2022 | -28.0% | -25.2% |
| 2023 | +21.6% | +19.2% |
| 2024 | +25.5% | +4.2% |
| 2025 | +22.2% | +9.1% |
| 2026 | +14.5% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDF and EHI good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EDF and EHI?
As of 2026-08-27, the correlation of weekly returns between EDF and EHI is 0.58 over 3 years, 0.56 over 1 year and 0.55 over 5 years.
Is EHI a good diversifier for EDF?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 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/edf-vs-ehi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edf-vs-ehi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EDF correlations · EHI correlations
