MEGI vs VZ: Correlation
Measured on weekly returns over the past three years, NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and Verizon (VZ) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGI and VZ?
Over the past 3 years, MEGI and VZ moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 188.3 %².
Among the 29 assets we track against MEGI, VZ ranks #21 by 3-year correlation. Twelve-month performance is nearly a tie, at +14.7% for MEGI and +19.3% for VZ.
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.
MEGI vs VZ: side by side
| MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | VZ (Verizon) | |
|---|---|---|
| 1-year return | +14.7% | +19.3% |
| 5-year return | +20.7% | +23.8% |
| Volatility (ann.) | 19.4% | 22.9% |
| Beta vs S&P 500 | 0.49 | 0.15 |
| Max drawdown (3Y) | -17.4% | -17.0% |
| Market cap | $0.8B | $205.4B |
| P/E (trailing) | 4.9 | 12.9 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | MEGI | VZ |
|---|---|---|
| 2022 | -23.3% | -20.0% |
| 2023 | +5.5% | +2.7% |
| 2024 | +5.2% | +13.1% |
| 2025 | +26.2% | +8.9% |
| 2026 | +16.5% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGI and VZ good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MEGI and VZ?
As of 2026-08-27, the correlation of weekly returns between MEGI and VZ is 0.42 over 3 years, 0.24 over 1 year and 0.36 over 5 years.
Is VZ a good diversifier for MEGI?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/megi-vs-vz.json
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Related comparisons
Hubs: MEGI correlations · VZ correlations
