MFIN vs VGI: Correlation
How closely do Medallion Financial Corp. (MFIN) and Virtus Global Multi-Sector Income Fund (VGI) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFIN and VGI?
On 3 years of weekly data the MFIN/VGI correlation comes out at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 170.5 %².
Within MFIN's tracked universe of 14 assets, VGI comes in at #5 by 3-year correlation. Over the last 12 months MFIN came out ahead by 14.6 percentage points (+18.4% against +3.8%). One caveat on sizing: MFIN is 3.1 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.
MFIN vs VGI: side by side
| MFIN (Medallion Financial Corp.) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | +18.4% | +3.8% |
| 5-year return | +74.5% | +11.9% |
| Volatility (ann.) | 32.3% | 10.3% |
| Beta vs S&P 500 | 0.90 | 0.38 |
| Max drawdown (3Y) | -30.8% | -11.3% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 8.8 | 7.8 |
| Dividend yield | 4.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MFIN | VGI |
|---|---|---|
| 2022 | +28.4% | -22.3% |
| 2023 | +44.0% | +13.4% |
| 2024 | +0.1% | +10.4% |
| 2025 | +15.1% | +16.1% |
| 2026 | +19.5% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFIN and VGI good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MFIN and VGI?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.48 over the last year and 0.32 over 5 years.
Is VGI a good diversifier for MFIN?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/mfin-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mfin-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MFIN correlations · VGI correlations
