LOAN vs VBF: Correlation
Manhattan Bridge Capital, Inc (LOAN) and Invesco Bond Fund (VBF) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAN and VBF?
On 3 years of weekly data the LOAN/VBF correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 69.4 %².
Among the 10 assets we track against LOAN, VBF ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VBF outperformed by 17.7 percentage points (-17.0% for LOAN against +0.7% for VBF). Note the risk asymmetry: LOAN runs 2.5 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.
LOAN vs VBF: side by side
| LOAN (Manhattan Bridge Capital, Inc) | VBF (Invesco Bond Fund) | |
|---|---|---|
| 1-year return | -17.0% | +0.7% |
| 5-year return | -1.5% | -4.4% |
| Volatility (ann.) | 22.8% | 9.2% |
| Beta vs S&P 500 | 0.07 | 0.19 |
| Max drawdown (3Y) | -24.8% | -11.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | 9.7 | 14.4 |
| Dividend yield | 11.17% | 5.72% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOAN | VBF |
|---|---|---|
| 2022 | +5.7% | -17.8% |
| 2023 | +2.2% | +2.3% |
| 2024 | +22.5% | +7.0% |
| 2025 | -9.4% | +5.5% |
| 2026 | -8.3% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAN and VBF good diversifiers for each other?
Reasonably. At 0.33, LOAN and VBF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LOAN and VBF?
The LOAN/VBF correlation stands at 0.33 on a 3-year window (1 year: 0.39, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is VBF a good diversifier for LOAN?
Reasonably. At 0.33, LOAN and VBF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/loan-vs-vbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/loan-vs-vbf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOAN correlations · VBF correlations
