EHI vs JLS: Correlation
Western Asset Global High Income Fund Inc (EHI) and Nuveen Mortgage and Income Fund (JLS) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHI and JLS?
Across a 3-year window, the weekly returns of EHI and JLS correlate at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.57 over 3 years. Stretching to 5 years gives 0.53, with an annualized covariance of 66.2 %².
Among the 15 assets we track against EHI, JLS ranks #9 by 3-year correlation. Neither side won the trailing year by much: -0.6% against -0.4%.
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.
EHI vs JLS: side by side
| EHI (Western Asset Global High Income Fund Inc) | JLS (Nuveen Mortgage and Income Fund) | |
|---|---|---|
| 1-year return | -0.6% | -0.4% |
| 5-year return | -1.0% | +25.5% |
| Volatility (ann.) | 11.4% | 10.1% |
| Beta vs S&P 500 | 0.45 | 0.31 |
| Max drawdown (3Y) | -16.0% | -9.3% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 8.0 | 9.7 |
| Dividend yield | 14.66% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHI | JLS |
|---|---|---|
| 2022 | -25.2% | -17.9% |
| 2023 | +19.2% | +14.9% |
| 2024 | +4.2% | +17.9% |
| 2025 | +9.1% | +11.6% |
| 2026 | -2.3% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHI and JLS good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EHI and JLS?
As of 2026-08-27, the correlation of weekly returns between EHI and JLS is 0.57 over 3 years, 0.41 over 1 year and 0.53 over 5 years.
Is JLS a good diversifier for EHI?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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/ehi-vs-jls.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehi-vs-jls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EHI correlations · JLS correlations
