PIM vs VLT: Correlation
Measured on weekly returns over the past three years, Franklin Master Intermediate Income Trust Shares of (PIM) and Invesco High Income Trust II (VLT) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PIM and VLT?
Over the past 3 years, PIM and VLT moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 57.7 %².
Within PIM's tracked universe of 15 assets, VLT comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +3.2% for PIM and -1.3% for VLT.
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 VLT: side by side
| PIM (Franklin Master Intermediate Income Trust Shares of) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | +3.2% | -1.3% |
| 5-year return | +16.1% | +12.4% |
| Volatility (ann.) | 9.2% | 10.0% |
| Beta vs S&P 500 | 0.26 | 0.47 |
| Max drawdown (3Y) | -6.4% | -13.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 14.4 | 13.9 |
| Dividend yield | 8.35% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PIM | VLT |
|---|---|---|
| 2022 | -12.5% | -20.9% |
| 2023 | +8.4% | +13.1% |
| 2024 | +10.9% | +17.3% |
| 2025 | +10.9% | +13.2% |
| 2026 | +0.3% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PIM and VLT good diversifiers for each other?
Only partially. A correlation of 0.62 means PIM and VLT 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 VLT?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.55 over the last year and 0.54 over 5 years.
Is VLT a good diversifier for PIM?
Only partially. A correlation of 0.62 means PIM and VLT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pim-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PIM correlations · VLT correlations
