ISD vs LVS: Correlation
How closely do PGIM High Yield Bond Fund, Inc. (ISD) and Las Vegas Sands (LVS) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ISD and LVS?
Across a 3-year window, the weekly returns of ISD and LVS correlate at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 175.1 %².
Within ISD's tracked universe of 19 assets, LVS comes in at #14 by 3-year correlation. The trailing year gives ISD the advantage: -7.0% versus -20.3%, a 13.3-point spread. Note the risk asymmetry: LVS runs 2.7 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.
ISD vs LVS: side by side
| ISD (PGIM High Yield Bond Fund, Inc.) | LVS (Las Vegas Sands) | |
|---|---|---|
| 1-year return | -7.0% | -20.3% |
| 5-year return | +21.1% | +8.5% |
| Volatility (ann.) | 12.7% | 34.8% |
| Beta vs S&P 500 | 0.50 | 0.75 |
| Max drawdown (3Y) | -13.9% | -44.0% |
| Market cap | $0.4B | $28.7B |
| P/E (trailing) | 10.5 | 17.1 |
| Dividend yield | 0.00% | 2.49% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ISD | LVS |
|---|---|---|
| 2022 | -18.4% | +27.7% |
| 2023 | +15.1% | +3.1% |
| 2024 | +22.1% | +6.2% |
| 2025 | +15.6% | +29.5% |
| 2026 | -9.9% | -30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ISD and LVS good diversifiers for each other?
Reasonably. At 0.40, ISD and LVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ISD and LVS?
The ISD/LVS correlation stands at 0.40 on a 3-year window (1 year: 0.37, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is LVS a good diversifier for ISD?
Reasonably. At 0.40, ISD and LVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/isd-vs-lvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/isd-vs-lvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ISD correlations · LVS correlations
