RCS vs VGI: Correlation
Measured on weekly returns over the past three years, PIMCO Strategic Income Fund, Inc. (RCS) and Virtus Global Multi-Sector Income Fund (VGI) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCS and VGI?
Over the past 3 years, RCS and VGI moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 132.9 %².
Within RCS's tracked universe of 12 assets, VGI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VGI ahead by 24.6 points (-20.8% versus +3.8%). Risk is not evenly split, since RCS carries 2.6 times the volatility of the other side.
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.
RCS vs VGI: side by side
| RCS (PIMCO Strategic Income Fund, Inc.) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | -20.8% | +3.8% |
| 5-year return | +5.4% | +11.9% |
| Volatility (ann.) | 27.0% | 10.3% |
| Beta vs S&P 500 | 0.77 | 0.38 |
| Max drawdown (3Y) | -32.9% | -11.3% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 6.9 | 7.8 |
| Dividend yield | 9.11% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCS | VGI |
|---|---|---|
| 2022 | -19.5% | -22.3% |
| 2023 | +37.6% | +13.4% |
| 2024 | +37.5% | +10.4% |
| 2025 | -21.5% | +16.1% |
| 2026 | +0.4% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCS and VGI good diversifiers for each other?
Reasonably. At 0.48, RCS and VGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RCS and VGI?
The RCS/VGI correlation stands at 0.48 on a 3-year window (1 year: 0.52, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is VGI a good diversifier for RCS?
Reasonably. At 0.48, RCS and VGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/rcs-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rcs-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RCS correlations · VGI correlations
