NFJ vs PCF: Correlation
Measured on weekly returns over the past three years, Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and High Income Securities Fund (PCF) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NFJ and PCF?
On 3 years of weekly data the NFJ/PCF correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 110.1 %².
Among the 34 assets we track against NFJ, PCF ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NFJ ahead by 34.9 points (+31.0% versus -3.9%).
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.
NFJ vs PCF: side by side
| NFJ (Virtus Dividend, Interest & Premium Strategy Fund) | PCF (High Income Securities Fund) | |
|---|---|---|
| 1-year return | +31.0% | -3.9% |
| 5-year return | +50.8% | -2.1% |
| Volatility (ann.) | 13.8% | 12.8% |
| Beta vs S&P 500 | 0.73 | 0.49 |
| Max drawdown (3Y) | -17.0% | -13.8% |
| Market cap | $1.5B | $0.1B |
| P/E (trailing) | 9.8 | 25.8 |
| Dividend yield | 7.83% | 13.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NFJ | PCF |
|---|---|---|
| 2022 | -23.9% | -15.6% |
| 2023 | +21.3% | +10.4% |
| 2024 | +10.0% | +13.8% |
| 2025 | +12.4% | +5.2% |
| 2026 | +26.1% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NFJ and PCF good diversifiers for each other?
Only partially. A correlation of 0.62 means NFJ and PCF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NFJ and PCF?
The NFJ/PCF correlation stands at 0.62 on a 3-year window (1 year: 0.56, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is PCF a good diversifier for NFJ?
Only partially. A correlation of 0.62 means NFJ and PCF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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/nfj-vs-pcf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nfj-vs-pcf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NFJ correlations · PCF correlations
