JLS vs VLT: Correlation
Nuveen Mortgage and Income Fund (JLS) and Invesco High Income Trust II (VLT) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JLS and VLT?
Across a 3-year window, the weekly returns of JLS and VLT correlate at 0.61, strong. The link has loosened recently: the 1-year correlation (0.45) runs below the 3-year figure (0.61). Stretching to 5 years gives 0.58, with an annualized covariance of 61.2 %².
In JLS's tracked universe of 10 assets, VLT sits right near the top at #1. Neither side won the trailing year by much: -0.4% 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.
JLS vs VLT: side by side
| JLS (Nuveen Mortgage and Income Fund) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | -0.4% | -1.3% |
| 5-year return | +25.5% | +12.4% |
| Volatility (ann.) | 10.1% | 10.0% |
| Beta vs S&P 500 | 0.31 | 0.47 |
| Max drawdown (3Y) | -9.3% | -13.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 9.7 | 13.9 |
| Dividend yield | 0.00% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JLS | VLT |
|---|---|---|
| 2022 | -17.9% | -20.9% |
| 2023 | +14.9% | +13.1% |
| 2024 | +17.9% | +17.3% |
| 2025 | +11.6% | +13.2% |
| 2026 | -0.7% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JLS and VLT good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JLS and VLT?
As of 2026-08-27, the correlation of weekly returns between JLS and VLT is 0.61 over 3 years, 0.45 over 1 year and 0.58 over 5 years.
Is VLT a good diversifier for JLS?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 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/jls-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jls-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JLS correlations · VLT correlations
