NHS vs VLT: Correlation
Neuberger High Yield Strategies Fund Inc. (NHS) and Invesco High Income Trust II (VLT) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NHS and VLT?
On 3 years of weekly data the NHS/VLT correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 91.7 %².
Few assets follow NHS as closely as VLT, which ranks #1 of 10 tracked partners. The trailing year gives VLT the advantage: -7.1% versus -1.3%, a 5.8-point spread.
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 VLT: side by side
| NHS (Neuberger High Yield Strategies Fund Inc.) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | -7.1% | -1.3% |
| 5-year return | -7.7% | +12.4% |
| Volatility (ann.) | 13.0% | 10.0% |
| Beta vs S&P 500 | 0.41 | 0.47 |
| Max drawdown (3Y) | -17.4% | -13.4% |
| Market cap | – | – |
| P/E (trailing) | 9.9 | 13.9 |
| Dividend yield | 18.25% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NHS | VLT |
|---|---|---|
| 2022 | -23.0% | -20.9% |
| 2023 | +3.7% | +13.1% |
| 2024 | +11.0% | +17.3% |
| 2025 | +14.8% | +13.2% |
| 2026 | -10.8% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NHS and VLT good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NHS and VLT?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.71 over the last year and 0.71 over 5 years.
Is VLT a good diversifier for NHS?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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/nhs-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nhs-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NHS correlations · VLT correlations
