PCF vs VLT: Correlation
High Income Securities Fund (PCF) and Invesco High Income Trust II (VLT) 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 PCF and VLT?
Over the past 3 years, PCF and VLT moved with a correlation of 0.60, which is strong. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 77.3 %².
Within PCF's tracked universe of 11 assets, VLT comes in at #5 by 3-year correlation. Neither side won the trailing year by much: -3.9% against -1.3%.
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.
PCF vs VLT: side by side
| PCF (High Income Securities Fund) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | -3.9% | -1.3% |
| 5-year return | -2.1% | +12.4% |
| Volatility (ann.) | 12.8% | 10.0% |
| Beta vs S&P 500 | 0.49 | 0.47 |
| Max drawdown (3Y) | -13.8% | -13.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 25.8 | 13.9 |
| Dividend yield | 13.22% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCF | VLT |
|---|---|---|
| 2022 | -15.6% | -20.9% |
| 2023 | +10.4% | +13.1% |
| 2024 | +13.8% | +17.3% |
| 2025 | +5.2% | +13.2% |
| 2026 | -3.4% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCF and VLT good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PCF and VLT?
The PCF/VLT correlation stands at 0.60 on a 3-year window (1 year: 0.58, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is VLT a good diversifier for PCF?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pcf-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pcf-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCF correlations · VLT correlations
