NFJ vs TXN: Correlation
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and Texas Instruments (TXN) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NFJ and TXN?
Across a 3-year window, the weekly returns of NFJ and TXN correlate at 0.60, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.60 over 3. Stretching to 5 years gives 0.59, with an annualized covariance of 284.7 %².
Among the 34 assets we track against NFJ, TXN ranks #20 by 3-year correlation. Their 12-month results are close: +31.0% for NFJ against +33.1% for TXN. Note the risk asymmetry: TXN runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TXN: side by side
| NFJ (Virtus Dividend, Interest & Premium Strategy Fund) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +31.0% | +33.1% |
| 5-year return | +50.8% | +60.4% |
| Volatility (ann.) | 13.8% | 34.3% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -17.0% | -33.4% |
| Market cap | $1.5B | $243.4B |
| P/E (trailing) | 9.8 | 40.6 |
| Dividend yield | 7.83% | 2.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | NFJ | TXN |
|---|---|---|
| 2022 | -23.9% | -9.9% |
| 2023 | +21.3% | +6.4% |
| 2024 | +10.0% | +13.1% |
| 2025 | +12.4% | -4.5% |
| 2026 | +26.1% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NFJ and TXN good diversifiers for each other?
Only partially. A correlation of 0.60 means NFJ and TXN 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 TXN?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.60 over the last year and 0.59 over 5 years.
Is TXN a good diversifier for NFJ?
Only partially. A correlation of 0.60 means NFJ and TXN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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.
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Related comparisons
Hubs: NFJ correlations · TXN correlations
