MMT vs VGI: Correlation
Aberdeen Multi-Market Income Fund (MMT) and Virtus Global Multi-Sector Income Fund (VGI) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMT and VGI?
Across a 3-year window, the weekly returns of MMT and VGI correlate at 0.70, strong. The past 12 months show a weaker link (0.53) than the 3-year average (0.70). Stretching to 5 years gives 0.67, with an annualized covariance of 60.1 %².
VGI is one of the assets that tracks MMT most closely: it ranks #2 out of the 15 assets we track against MMT. Twelve-month performance is nearly a tie, at +3.2% for MMT and +3.8% for VGI.
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.
MMT vs VGI: side by side
| MMT (Aberdeen Multi-Market Income Fund) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | +3.2% | +3.8% |
| 5-year return | +5.0% | +11.9% |
| Volatility (ann.) | 8.4% | 10.3% |
| Beta vs S&P 500 | 0.27 | 0.38 |
| Max drawdown (3Y) | -7.1% | -11.3% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 11.7 | 7.8 |
| Dividend yield | 9.03% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MMT | VGI |
|---|---|---|
| 2022 | -23.0% | -22.3% |
| 2023 | +10.1% | +13.4% |
| 2024 | +12.5% | +10.4% |
| 2025 | +8.1% | +16.1% |
| 2026 | +1.6% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMT and VGI good diversifiers for each other?
To a limited degree. At 0.70 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 MMT and VGI?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.53 over the last year and 0.67 over 5 years.
Is VGI a good diversifier for MMT?
To a limited degree. At 0.70 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 0.70 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
$ curl https://www.pairbook.io/api/v1/pairs/mmt-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mmt-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MMT correlations · VGI correlations
