JGH vs VLT: Correlation
Measured on weekly returns over the past three years, Nuveen Global High Income Fund (JGH) and Invesco High Income Trust II (VLT) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JGH and VLT?
Across a 3-year window, the weekly returns of JGH and VLT correlate at 0.76, strong. The past 12 months show a weaker link (0.65) than the 3-year average (0.76). Stretching to 5 years gives 0.77, with an annualized covariance of 96.9 %².
VLT is one of the assets that tracks JGH most closely: it ranks #1 out of the 14 assets we track against JGH. Neither side won the trailing year by much: +1.3% against -1.3%.
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 VLT: side by side
| JGH (Nuveen Global High Income Fund) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | +1.3% | -1.3% |
| 5-year return | +26.7% | +12.4% |
| Volatility (ann.) | 12.7% | 10.0% |
| Beta vs S&P 500 | 0.51 | 0.47 |
| Max drawdown (3Y) | -13.7% | -13.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.5 | 13.9 |
| Dividend yield | 0.00% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JGH | VLT |
|---|---|---|
| 2022 | -21.0% | -20.9% |
| 2023 | +20.9% | +13.1% |
| 2024 | +16.0% | +17.3% |
| 2025 | +8.2% | +13.2% |
| 2026 | +5.0% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JGH and VLT good diversifiers for each other?
To a limited degree. At 0.76 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 JGH and VLT?
As of 2026-08-27, the correlation of weekly returns between JGH and VLT is 0.76 over 3 years, 0.65 over 1 year and 0.77 over 5 years.
Is VLT a good diversifier for JGH?
To a limited degree. At 0.76 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 0.76 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/jgh-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jgh-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JGH correlations · VLT correlations
