VGI vs VLT: Correlation
Measured on weekly returns over the past three years, Virtus Global Multi-Sector Income Fund (VGI) and Invesco High Income Trust II (VLT) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VGI and VLT?
On 3 years of weekly data the VGI/VLT correlation comes out at 0.77, strong. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 78.7 %².
By 3-year correlation, VLT places #5 of the 42 assets tracked against VGI. On 12-month performance VGI holds a 5.1-point edge, +3.8% against -1.3%.
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.
VGI vs VLT: side by side
| VGI (Virtus Global Multi-Sector Income Fund) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | +3.8% | -1.3% |
| 5-year return | +11.9% | +12.4% |
| Volatility (ann.) | 10.3% | 10.0% |
| Beta vs S&P 500 | 0.38 | 0.47 |
| Max drawdown (3Y) | -11.3% | -13.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 7.8 | 13.9 |
| Dividend yield | 0.00% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VGI | VLT |
|---|---|---|
| 2022 | -22.3% | -20.9% |
| 2023 | +13.4% | +13.1% |
| 2024 | +10.4% | +17.3% |
| 2025 | +16.1% | +13.2% |
| 2026 | +1.6% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VGI and VLT good diversifiers for each other?
To a limited degree. At 0.77 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 VGI and VLT?
As of 2026-08-27, the correlation of weekly returns between VGI and VLT is 0.77 over 3 years, 0.81 over 1 year and 0.75 over 5 years.
Is VLT a good diversifier for VGI?
To a limited degree. At 0.77 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 0.77 mean?
A reading of 0.77 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/vgi-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vgi-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VGI correlations · VLT correlations
