GHY vs VSAT: Correlation
Measured on weekly returns over the past three years, PGIM Global High Yield Fund, Inc. (GHY) and ViaSat, Inc. (VSAT) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GHY and VSAT?
On 3 years of weekly data the GHY/VSAT correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.36 over 3. The 5-year figure is 0.31, and annualized covariance runs at 410.3 %².
Out of 13 assets tracked against GHY, VSAT lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with VSAT ahead by 127.7 points (-3.9% versus +123.8%). Note the risk asymmetry: VSAT runs 5.9 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.
GHY vs VSAT: side by side
| GHY (PGIM Global High Yield Fund, Inc.) | VSAT (ViaSat, Inc.) | |
|---|---|---|
| 1-year return | -3.9% | +123.8% |
| 5-year return | +23.8% | +40.0% |
| Volatility (ann.) | 14.0% | 82.3% |
| Beta vs S&P 500 | 0.49 | 1.26 |
| Max drawdown (3Y) | -16.4% | -76.4% |
| Market cap | $0.5B | $10.0B |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GHY | VSAT |
|---|---|---|
| 2022 | -20.0% | -28.9% |
| 2023 | +17.3% | -11.7% |
| 2024 | +20.3% | -69.6% |
| 2025 | +10.5% | +304.9% |
| 2026 | -0.1% | +111.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GHY and VSAT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GHY and VSAT?
The GHY/VSAT correlation stands at 0.36 on a 3-year window (1 year: 0.38, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is VSAT a good diversifier for GHY?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/ghy-vs-vsat.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ghy-vs-vsat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GHY correlations · VSAT correlations
