MEGI vs ZTR: Correlation
How closely do NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and Virtus Total Return Fund Inc. (ZTR) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGI and ZTR?
Over the past 3 years, MEGI and ZTR moved with a correlation of 0.75, which is strong. The relationship has been stable: the 1-year correlation (0.84) sits close to the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 205.6 %².
In MEGI's tracked universe of 29 assets, ZTR sits right near the top at #3. Twelve-month performance is nearly a tie, at +14.7% for MEGI and +18.0% for ZTR.
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 ZTR: side by side
| MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | ZTR (Virtus Total Return Fund Inc.) | |
|---|---|---|
| 1-year return | +14.7% | +18.0% |
| 5-year return | +20.7% | +27.0% |
| Volatility (ann.) | 19.4% | 14.0% |
| Beta vs S&P 500 | 0.49 | 0.40 |
| Max drawdown (3Y) | -17.4% | -18.3% |
| Market cap | $0.8B | $0.3B |
| P/E (trailing) | 4.9 | 5.7 |
| Dividend yield | 0.00% | 8.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEGI | ZTR |
|---|---|---|
| 2022 | -23.3% | -21.3% |
| 2023 | +5.5% | -3.2% |
| 2024 | +5.2% | +18.3% |
| 2025 | +26.2% | +18.6% |
| 2026 | +16.5% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGI and ZTR good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MEGI and ZTR?
The MEGI/ZTR correlation stands at 0.75 on a 3-year window (1 year: 0.84, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is ZTR a good diversifier for MEGI?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 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
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Related comparisons
Hubs: MEGI correlations · ZTR correlations
