JGH vs VGI: Correlation
How closely do Nuveen Global High Income Fund (JGH) and Virtus Global Multi-Sector Income Fund (VGI) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JGH and VGI?
Across a 3-year window, the weekly returns of JGH and VGI correlate at 0.74, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.74 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 95.7 %².
By 3-year correlation, VGI places #4 of the 14 assets tracked against JGH. Their 12-month results are close: +1.3% for JGH against +3.8% for VGI.
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.
JGH vs VGI: side by side
| JGH (Nuveen Global High Income Fund) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | +1.3% | +3.8% |
| 5-year return | +26.7% | +11.9% |
| Volatility (ann.) | 12.7% | 10.3% |
| Beta vs S&P 500 | 0.51 | 0.38 |
| Max drawdown (3Y) | -13.7% | -11.3% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 10.5 | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JGH | VGI |
|---|---|---|
| 2022 | -21.0% | -22.3% |
| 2023 | +20.9% | +13.4% |
| 2024 | +16.0% | +10.4% |
| 2025 | +8.2% | +16.1% |
| 2026 | +5.0% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JGH and VGI good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JGH and VGI?
The JGH/VGI correlation stands at 0.74 on a 3-year window (1 year: 0.74, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is VGI a good diversifier for JGH?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jgh-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jgh-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JGH correlations · VGI correlations
