PIM vs VGI: Correlation
Measured on weekly returns over the past three years, Franklin Master Intermediate Income Trust Shares of (PIM) and Virtus Global Multi-Sector Income Fund (VGI) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PIM and VGI?
Across a 3-year window, the weekly returns of PIM and VGI correlate at 0.63, strong. Recent behaviour matches the longer record: 0.54 over 1 year against 0.63 over 3. Stretching to 5 years gives 0.62, with an annualized covariance of 59.9 %².
VGI is one of the assets that tracks PIM most closely: it ranks #3 out of the 15 assets we track against PIM. Neither side won the trailing year by much: +3.2% against +3.8%.
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.
PIM vs VGI: side by side
| PIM (Franklin Master Intermediate Income Trust Shares of) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | +3.2% | +3.8% |
| 5-year return | +16.1% | +11.9% |
| Volatility (ann.) | 9.2% | 10.3% |
| Beta vs S&P 500 | 0.26 | 0.38 |
| Max drawdown (3Y) | -6.4% | -11.3% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 14.4 | 7.8 |
| Dividend yield | 8.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PIM | VGI |
|---|---|---|
| 2022 | -12.5% | -22.3% |
| 2023 | +8.4% | +13.4% |
| 2024 | +10.9% | +10.4% |
| 2025 | +10.9% | +16.1% |
| 2026 | +0.3% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PIM and VGI good diversifiers for each other?
Only partially. A correlation of 0.63 means PIM and VGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PIM and VGI?
As of 2026-08-27, the correlation of weekly returns between PIM and VGI is 0.63 over 3 years, 0.54 over 1 year and 0.62 over 5 years.
Is VGI a good diversifier for PIM?
Only partially. A correlation of 0.63 means PIM and VGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 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/pim-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pim-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PIM correlations · VGI correlations
