NHS vs VGI: Correlation
Neuberger High Yield Strategies Fund Inc. (NHS) and Virtus Global Multi-Sector Income Fund (VGI) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NHS and VGI?
Across a 3-year window, the weekly returns of NHS and VGI correlate at 0.67, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.67 over 3. Stretching to 5 years gives 0.67, with an annualized covariance of 88.7 %².
Among the 10 assets we track against NHS, VGI ranks #4 by 3-year correlation. On 12-month performance VGI holds a 10.9-point edge, -7.1% against +3.8%.
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.
NHS vs VGI: side by side
| NHS (Neuberger High Yield Strategies Fund Inc.) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | -7.1% | +3.8% |
| 5-year return | -7.7% | +11.9% |
| Volatility (ann.) | 13.0% | 10.3% |
| Beta vs S&P 500 | 0.41 | 0.38 |
| Max drawdown (3Y) | -17.4% | -11.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 9.9 | 7.8 |
| Dividend yield | 18.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NHS | VGI |
|---|---|---|
| 2022 | -23.0% | -22.3% |
| 2023 | +3.7% | +13.4% |
| 2024 | +11.0% | +10.4% |
| 2025 | +14.8% | +16.1% |
| 2026 | -10.8% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NHS and VGI good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NHS and VGI?
The NHS/VGI correlation stands at 0.67 on a 3-year window (1 year: 0.71, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is VGI a good diversifier for NHS?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 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/nhs-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nhs-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NHS correlations · VGI correlations
