ARDC vs BGB: Correlation
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Blackstone Strategic Credit 2027 Term Fund (BGB) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDC and BGB?
On 3 years of weekly data the ARDC/BGB correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 74.5 %².
In ARDC's tracked universe of 12 assets, BGB sits right near the top at #2. Neither side won the trailing year by much: -6.2% against -3.1%.
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.
ARDC vs BGB: side by side
| ARDC (Ares Dynamic Credit Allocation Fund, Inc.) | BGB (Blackstone Strategic Credit 2027 Term Fund) | |
|---|---|---|
| 1-year return | -6.2% | -3.1% |
| 5-year return | +23.0% | +23.0% |
| Volatility (ann.) | 12.3% | 9.3% |
| Beta vs S&P 500 | 0.49 | 0.40 |
| Max drawdown (3Y) | -19.8% | -12.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 12.8 | 16.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDC | BGB |
|---|---|---|
| 2022 | -22.2% | -16.1% |
| 2023 | +32.4% | +19.5% |
| 2024 | +21.1% | +18.7% |
| 2025 | -3.1% | +4.8% |
| 2026 | -0.8% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDC and BGB good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARDC and BGB?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.68 over the last year and 0.70 over 5 years.
Is BGB a good diversifier for ARDC?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ARDC correlations · BGB correlations
