MEGI vs ZTS: Correlation
NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and Zoetis (ZTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGI and ZTS?
Across a 3-year window, the weekly returns of MEGI and ZTS correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 239.2 %².
Within MEGI's tracked universe of 29 assets, ZTS comes in at #23 by 3-year correlation. The last year tells two different stories: MEGI led by 65.5 percentage points, +14.7% for MEGI against -50.8% for ZTS. One caveat on sizing: ZTS is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZTS: side by side
| MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | ZTS (Zoetis) | |
|---|---|---|
| 1-year return | +14.7% | -50.8% |
| 5-year return | +20.7% | -61.5% |
| Volatility (ann.) | 19.4% | 30.1% |
| Beta vs S&P 500 | 0.49 | 0.51 |
| Max drawdown (3Y) | -17.4% | -63.0% |
| Market cap | $0.8B | $31.0B |
| P/E (trailing) | 4.9 | 12.7 |
| Dividend yield | 0.00% | 2.66% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MEGI | ZTS |
|---|---|---|
| 2022 | -23.3% | -39.5% |
| 2023 | +5.5% | +35.9% |
| 2024 | +5.2% | -16.6% |
| 2025 | +26.2% | -21.8% |
| 2026 | +16.5% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGI and ZTS good diversifiers for each other?
Reasonably. At 0.41, MEGI and ZTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MEGI and ZTS?
As of 2026-08-27, the correlation of weekly returns between MEGI and ZTS is 0.41 over 3 years, 0.42 over 1 year and 0.39 over 5 years.
Is ZTS a good diversifier for MEGI?
Reasonably. At 0.41, MEGI and ZTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/megi-vs-zts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/megi-vs-zts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MEGI correlations · ZTS correlations
