ARDC vs BSL: Correlation
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Blackstone Senior Floating Rate 2027 Term Fund (BSL) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDC and BSL?
Across a 3-year window, the weekly returns of ARDC and BSL correlate at 0.58, moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.58 over 3. Stretching to 5 years gives 0.67, with an annualized covariance of 49.6 %².
Among the 12 assets we track against ARDC, BSL ranks #6 by 3-year correlation. On 12-month performance BSL holds a 5.0-point edge, -6.2% against -1.2%. Risk is not evenly split, since ARDC carries 1.8 times the volatility of the other side.
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 BSL: side by side
| ARDC (Ares Dynamic Credit Allocation Fund, Inc.) | BSL (Blackstone Senior Floating Rate 2027 Term Fund) | |
|---|---|---|
| 1-year return | -6.2% | -1.2% |
| 5-year return | +23.0% | +23.5% |
| Volatility (ann.) | 12.3% | 6.9% |
| Beta vs S&P 500 | 0.49 | 0.20 |
| Max drawdown (3Y) | -19.8% | -7.9% |
| Market cap | $0.3B | – |
| P/E (trailing) | 12.8 | 22.8 |
| Dividend yield | 0.00% | 8.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDC | BSL |
|---|---|---|
| 2022 | -22.2% | -22.9% |
| 2023 | +32.4% | +20.0% |
| 2024 | +21.1% | +18.2% |
| 2025 | -3.1% | +2.2% |
| 2026 | -0.8% | +0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDC and BSL good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARDC and BSL?
The ARDC/BSL correlation stands at 0.58 on a 3-year window (1 year: 0.63, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is BSL a good diversifier for ARDC?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ardc-vs-bsl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ardc-vs-bsl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARDC correlations · BSL correlations
