NPCT vs VGI: Correlation
How closely do Nuveen Core Plus Impact Fund (NPCT) and Virtus Global Multi-Sector Income Fund (VGI) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NPCT and VGI?
Over the past 3 years, NPCT and VGI moved with a correlation of 0.76, which is strong. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 91.2 %².
VGI is one of the assets that tracks NPCT most closely: it ranks #1 out of the 17 assets we track against NPCT. Their 12-month results are close: -0.3% for NPCT against +3.8% for VGI.
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.
NPCT vs VGI: side by side
| NPCT (Nuveen Core Plus Impact Fund) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | -0.3% | +3.8% |
| 5-year return | -14.4% | +11.9% |
| Volatility (ann.) | 11.7% | 10.3% |
| Beta vs S&P 500 | 0.38 | 0.38 |
| Max drawdown (3Y) | -10.8% | -11.3% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 10.7 | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NPCT | VGI |
|---|---|---|
| 2022 | -37.5% | -22.3% |
| 2023 | +7.8% | +13.4% |
| 2024 | +17.3% | +10.4% |
| 2025 | +9.9% | +16.1% |
| 2026 | +2.3% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NPCT and VGI good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NPCT and VGI?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.78 over the last year and 0.76 over 5 years.
Is VGI a good diversifier for NPCT?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/npct-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/npct-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NPCT correlations · VGI correlations
