LTH vs NIE: Correlation
Measured on weekly returns over the past three years, Life Time Group Holdings, Inc. (LTH) and Virtus Equity & Convertible Income Fund (NIE) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTH and NIE?
Across a 3-year window, the weekly returns of LTH and NIE correlate at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.47). Stretching to 5 years gives 0.56, with an annualized covariance of 264.3 %².
NIE is one of the assets that tracks LTH most closely: it ranks #2 out of the 11 assets we track against LTH. Their recent paths diverged sharply: over the last 12 months LTH outperformed by 41.9 percentage points (+58.7% for LTH against +16.8% for NIE). Risk is not evenly split, since LTH carries 2.6 times the volatility of the other side.
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.
LTH vs NIE: side by side
| LTH (Life Time Group Holdings, Inc.) | NIE (Virtus Equity & Convertible Income Fund) | |
|---|---|---|
| 1-year return | +58.7% | +16.8% |
| 5-year return | +149.9% | +55.1% |
| Volatility (ann.) | 38.2% | 14.9% |
| Beta vs S&P 500 | 1.07 | 0.92 |
| Max drawdown (3Y) | -34.5% | -20.8% |
| Market cap | $9.9B | $0.7B |
| P/E (trailing) | 24.5 | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LTH | NIE |
|---|---|---|
| 2022 | -30.5% | -26.7% |
| 2023 | +26.1% | +26.7% |
| 2024 | +46.7% | +28.6% |
| 2025 | +20.2% | +12.2% |
| 2026 | +66.9% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTH and NIE good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LTH and NIE?
As of 2026-08-27, the correlation of weekly returns between LTH and NIE is 0.47 over 3 years, 0.34 over 1 year and 0.56 over 5 years.
Is NIE a good diversifier for LTH?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: LTH correlations · NIE correlations
