Which stocks are most correlated with JGH?

Based on one year of daily returns, the stocks most correlated with NUVEEN GLOBAL HIGH INCOME FUND (JGH) are EAD (0.60), ETW (0.56) and ISD (0.55). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with JGH?

Over the past year, the stocks most inversely correlated with NUVEEN GLOBAL HIGH INCOME FUND (JGH) are SJB (-0.47), EFZ (-0.47) and SH (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.

NUVEEN GLOBAL HIGH INCOME FUND (JGH) — Stock Correlations & Overview

Over the past year, JGH has moved most closely with EAD, ETW, ISD. Explore the stocks most correlated and inversely correlated with JGH below, along with its price, financials, and company profile.

Stocks correlated with JGH

Correlation of daily returns. Higher positive values move with JGH; negative values move opposite it. Informational only, not investment advice.

Most correlated with JGH

Symbol	Company	Correlation
EAD	Allspring Income Opportunities Fund	0.60
ETW	Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund	0.56
ISD	PGIM High Yield Bond Fund, Inc.	0.55
EXG	Eaton Vance Tax-Managed Global Diversified Equity Income Fund	0.55
BLW	Blackrock Limited Duration Income Trust	0.54

Most inversely correlated with JGH

Symbol	Company	Correlation
SJB	ProShares Short High Yield	-0.47
EFZ	ProShares Trust Short MSCI EAFE	-0.47
SH	ProShares Short S&P500	-0.46
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.45
SPXU	ProShares UltraPro Short S&P 500	-0.45

Frequently asked questions about JGH correlations

Which stocks are most correlated with JGH?: Based on one year of daily returns, the stocks most correlated with NUVEEN GLOBAL HIGH INCOME FUND (JGH) are EAD (0.60), ETW (0.56) and ISD (0.55). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with JGH?: Over the past year, the stocks most inversely correlated with NUVEEN GLOBAL HIGH INCOME FUND (JGH) are SJB (-0.47), EFZ (-0.47) and SH (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these JGH correlations calculated?: We compute the correlation of daily returns between JGH and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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