PFL vs VGI: Correlation
Measured on weekly returns over the past three years, PIMCO Income Strategy Fund Shares of Beneficial Interest (PFL) and Virtus Global Multi-Sector Income Fund (VGI) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFL and VGI?
On 3 years of weekly data the PFL/VGI correlation comes out at 0.75, strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.75 over 3. The 5-year figure is 0.73, and annualized covariance runs at 92.6 %².
VGI is one of the assets that tracks PFL most closely: it ranks #3 out of the 22 assets we track against PFL. Their 12-month results are close: +1.1% for PFL 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.
PFL vs VGI: side by side
| PFL (PIMCO Income Strategy Fund Shares of Beneficial Interest) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | +1.1% | +3.8% |
| 5-year return | +1.9% | +11.9% |
| Volatility (ann.) | 12.0% | 10.3% |
| Beta vs S&P 500 | 0.39 | 0.38 |
| Max drawdown (3Y) | -11.1% | -11.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 9.6 | 7.8 |
| Dividend yield | 12.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFL | VGI |
|---|---|---|
| 2022 | -18.0% | -22.3% |
| 2023 | +17.2% | +13.4% |
| 2024 | +11.4% | +10.4% |
| 2025 | +13.0% | +16.1% |
| 2026 | -2.2% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFL and VGI good diversifiers for each other?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PFL and VGI?
As of 2026-08-27, the correlation of weekly returns between PFL and VGI is 0.75 over 3 years, 0.73 over 1 year and 0.73 over 5 years.
Is VGI a good diversifier for PFL?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.75 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/pfl-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfl-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PFL correlations · VGI correlations
