PGP vs VGI: Correlation
Pimco Global StocksPlus & Income Fund (PGP) and Virtus Global Multi-Sector Income Fund (VGI) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGP and VGI?
Across a 3-year window, the weekly returns of PGP and VGI correlate at 0.75, strong. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Stretching to 5 years gives 0.75, with an annualized covariance of 130.1 %².
VGI is one of the assets that tracks PGP most closely: it ranks #1 out of the 12 assets we track against PGP. On 12-month performance PGP holds a 9.7-point edge, +13.5% against +3.8%. One caveat on sizing: PGP is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PGP vs VGI: side by side
| PGP (Pimco Global StocksPlus & Income Fund) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | +13.5% | +3.8% |
| 5-year return | +30.7% | +11.9% |
| Volatility (ann.) | 16.8% | 10.3% |
| Beta vs S&P 500 | 0.58 | 0.38 |
| Max drawdown (3Y) | -16.1% | -11.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 4.2 | 7.8 |
| Dividend yield | 9.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PGP | VGI |
|---|---|---|
| 2022 | -29.2% | -22.3% |
| 2023 | +21.3% | +13.4% |
| 2024 | +15.5% | +10.4% |
| 2025 | +29.9% | +16.1% |
| 2026 | +1.9% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGP and VGI good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PGP and VGI?
The PGP/VGI correlation stands at 0.75 on a 3-year window (1 year: 0.80, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is VGI a good diversifier for PGP?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/pgp-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pgp-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PGP correlations · VGI correlations
