EDF vs VGI: Correlation
Virtus Stone Harbor Emerging Markets Income Fund (EDF) and Virtus Global Multi-Sector Income Fund (VGI) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDF and VGI?
Over the past 3 years, EDF and VGI moved with a correlation of 0.60, which is strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 127.4 %².
VGI is one of the assets that tracks EDF most closely: it ranks #2 out of the 11 assets we track against EDF. The trailing year gives EDF the advantage: +15.4% versus +3.8%, a 11.6-point spread. One caveat on sizing: EDF is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VGI: side by side
| EDF (Virtus Stone Harbor Emerging Markets Income Fund) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | +15.4% | +3.8% |
| 5-year return | +26.6% | +11.9% |
| Volatility (ann.) | 20.9% | 10.3% |
| Beta vs S&P 500 | 0.52 | 0.38 |
| Max drawdown (3Y) | -23.4% | -11.3% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 4.6 | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDF | VGI |
|---|---|---|
| 2022 | -28.0% | -22.3% |
| 2023 | +21.6% | +13.4% |
| 2024 | +25.5% | +10.4% |
| 2025 | +22.2% | +16.1% |
| 2026 | +14.5% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDF and VGI good diversifiers for each other?
To a limited degree. At 0.60 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 EDF and VGI?
As of 2026-08-27, the correlation of weekly returns between EDF and VGI is 0.60 over 3 years, 0.62 over 1 year and 0.60 over 5 years.
Is VGI a good diversifier for EDF?
To a limited degree. At 0.60 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 0.60 mean?
A reading of 0.60 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-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edf-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EDF correlations · VGI correlations
