AOD vs BANX: Correlation
How closely do abrdn Total Dynamic Dividend Fund (AOD) and ArrowMark Financial Corp. - Closed End Fund (BANX) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and BANX?
Over the past 3 years, AOD and BANX moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 92.8 %².
BANX is close to the least connected end of AOD's tracked universe, ranking #22 of 26. Correlation aside, the last 12 months split them widely, with AOD ahead by 18.8 points (+31.8% versus +13.0%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AOD vs BANX: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | BANX (ArrowMark Financial Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | +31.8% | +13.0% |
| 5-year return | +70.1% | +58.6% |
| Volatility (ann.) | 15.4% | 14.7% |
| Beta vs S&P 500 | 0.81 | 0.32 |
| Max drawdown (3Y) | -16.7% | -13.7% |
| Market cap | $1.1B | $0.2B |
| P/E (trailing) | 4.1 | 8.4 |
| Dividend yield | 5.46% | 8.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOD | BANX |
|---|---|---|
| 2022 | -17.1% | -15.3% |
| 2023 | +12.7% | +20.4% |
| 2024 | +16.1% | +27.7% |
| 2025 | +32.1% | +15.6% |
| 2026 | +18.1% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and BANX good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AOD and BANX?
The AOD/BANX correlation stands at 0.41 on a 3-year window (1 year: 0.45, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is BANX a good diversifier for AOD?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aod-vs-banx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aod-vs-banx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AOD correlations · BANX correlations
