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ERC correlations (Allspring Multi-Sector Income Fund)

Which assets move with ERC and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

10.1%

3y weekly

Beta vs S&P 500

0.41

3y weekly

1-year return

+6.7%

price, adjusted

5-year return

+11.4%

price, adjusted

Market cap

$0.3B

latest

P/E ratio

9.7

trailing

Dividend yield

9.33%

trailing

Max drawdown

-9.8%

3y, daily closes

ERC over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with ERC

Asset		Correlation (3Y)
VLT	Invesco High Income Trust II	0.77
EVV	Eaton Vance Limited Duration Income Fund	0.76
WDI	Western Asset Diversified Income Fund	0.76
JHI	John Hancock Investors Trust	0.76
DSL	DoubleLine Income Solutions Fund	0.75

If the goal is offsetting ERC, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.54
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.54
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.45

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/erc.json

Correlations, diversifiers, beta and volatility for ERC, plus one endpoint per pair. API documentation.