TSI vs VLT: Correlation
Measured on weekly returns over the past three years, TCW Strategic Income Fund, Inc. (TSI) and Invesco High Income Trust II (VLT) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSI and VLT?
On 3 years of weekly data the TSI/VLT correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.50 over 3. The 5-year figure is 0.46, and annualized covariance runs at 34.9 %².
By 3-year correlation, VLT places #5 of the 10 assets tracked against TSI. Twelve-month performance is nearly a tie, at -2.9% for TSI 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.
TSI vs VLT: side by side
| TSI (TCW Strategic Income Fund, Inc.) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | -2.9% | -1.3% |
| 5-year return | +12.9% | +12.4% |
| Volatility (ann.) | 6.9% | 10.0% |
| Beta vs S&P 500 | 0.21 | 0.47 |
| Max drawdown (3Y) | -8.3% | -13.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.7 | 13.9 |
| Dividend yield | 5.91% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TSI | VLT |
|---|---|---|
| 2022 | -12.8% | -20.9% |
| 2023 | +7.1% | +13.1% |
| 2024 | +13.5% | +17.3% |
| 2025 | +9.7% | +13.2% |
| 2026 | -6.8% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSI and VLT good diversifiers for each other?
To a limited degree. At 0.50 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 TSI and VLT?
The TSI/VLT correlation stands at 0.50 on a 3-year window (1 year: 0.42, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is VLT a good diversifier for TSI?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tsi-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tsi-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TSI correlations · VLT correlations
