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HGLB correlations (Highland Global Allocation Fund)

Which assets move with HGLB 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.)

26.1%

3y weekly

Beta vs S&P 500

0.91

3y weekly

1-year return

+1.0%

price, adjusted

5-year return

+36.3%

price, adjusted

Market cap

$0.2B

latest

P/E ratio

18.9

trailing

Max drawdown

-24.1%

3y, daily closes

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

Stocks and ETFs most correlated with HGLB

Asset		Correlation (3Y)
PFL	PIMCO Income Strategy Fund Shares of Beneficial Interest	0.64
VGI	Virtus Global Multi-Sector Income Fund	0.63
FLC	Flaherty & Crumrine Total Return Fund Inc	0.63
BOE	Blackrock Enhanced Global Dividend Trust	0.62
VLT	Invesco High Income Trust II	0.62

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from HGLB.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.42
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.42
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.37

Free API · no key required

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

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