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GHY correlations (PGIM Global High Yield Fund, Inc.)

Which assets move with GHY 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.)

14.0%

3y weekly

Beta vs S&P 500

0.49

3y weekly

1-year return

-3.9%

price, adjusted

5-year return

+23.8%

price, adjusted

Market cap

$0.5B

latest

P/E ratio

9.3

trailing

Max drawdown

-16.4%

3y, daily closes

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

Stocks and ETFs most correlated with GHY

Asset		Correlation (3Y)
ISD	PGIM High Yield Bond Fund, Inc.	0.80
BGH	Barings Global Short Duration High Yield Fund	0.77
EMD	Western Asset Emerging Markets Debt Fund Inc	0.76
ERC	Allspring Multi-Sector Income Fund	0.74
AWF	Alliancebernstein Global High Income Fund	0.74

These are the assets whose returns had the least to do with GHY's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.53
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.52
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.35

Free API · no key required

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

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