NIE vs VTI: Correlation
Measured on weekly returns over the past three years, Virtus Equity & Convertible Income Fund (NIE) and Vanguard Total Stock Market ETF (VTI) carry a correlation of 0.90, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIE and VTI?
Across a 3-year window, the weekly returns of NIE and VTI correlate at 0.90, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.84 over 1 year against 0.90 over 3. Stretching to 5 years gives 0.91, with an annualized covariance of 195.1 %².
By 3-year correlation, VTI places #4 of the 21 assets tracked against NIE. Neither side won the trailing year by much: +16.8% against +20.7%.
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.
NIE vs VTI: side by side
| NIE (Virtus Equity & Convertible Income Fund) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +16.8% | +20.7% |
| 5-year return | +55.1% | +74.8% |
| Volatility (ann.) | 14.9% | 14.6% |
| Beta vs S&P 500 | 0.92 | 1.01 |
| Max drawdown (3Y) | -20.8% | -19.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 0.00% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | US Listed | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | NIE | VTI |
|---|---|---|
| 2022 | -26.7% | -19.5% |
| 2023 | +26.7% | +26.0% |
| 2024 | +28.6% | +23.8% |
| 2025 | +12.2% | +17.1% |
| 2026 | +9.1% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIE and VTI good diversifiers for each other?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between NIE and VTI?
Using weekly returns as of 2026-08-27: 0.90 over 3 years, with 0.84 over the last year and 0.91 over 5 years.
Is VTI a good diversifier for NIE?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.90 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.
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Related comparisons
Hubs: NIE correlations · VTI correlations
