Which stocks are most correlated with VGI?

Based on one year of daily returns, the stocks most correlated with VIRTUS GLOBAL MULTI-SECTOR INCOME FUND (VGI) are EAD (0.63), CEFD (0.59) and ERC (0.59). 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 VGI?

Over the past year, the stocks most inversely correlated with VIRTUS GLOBAL MULTI-SECTOR INCOME FUND (VGI) are SPXS (-0.48), SPXU (-0.48) and SDS (-0.48). A negative correlation means the two stocks have tended to move in opposite directions.

VIRTUS GLOBAL MULTI-SECTOR INCOME FUND (VGI) — Stock Correlations & Overview

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

Stocks correlated with VGI

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

Most correlated with VGI

Symbol	Company	Correlation
EAD	Allspring Income Opportunities Fund	0.63
CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	0.59
ERC	Allspring Multi-Sector Income Fund	0.59
HPF	John Hancock Preferred Income Fund II	0.58
FCEF	First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF	0.57

Most inversely correlated with VGI

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.48
SPXU	ProShares UltraPro Short S&P 500	-0.48
SDS	ProShares UltraShort S&P500	-0.48
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.48
EPV	ProShares UltraShort FTSE Europe	-0.48

Frequently asked questions about VGI correlations

Which stocks are most correlated with VGI?: Based on one year of daily returns, the stocks most correlated with VIRTUS GLOBAL MULTI-SECTOR INCOME FUND (VGI) are EAD (0.63), CEFD (0.59) and ERC (0.59). 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 VGI?: Over the past year, the stocks most inversely correlated with VIRTUS GLOBAL MULTI-SECTOR INCOME FUND (VGI) are SPXS (-0.48), SPXU (-0.48) and SDS (-0.48). 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 VGI correlations calculated?: We compute the correlation of daily returns between VGI 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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