BANX vs ISD: Correlation
How closely do ArrowMark Financial Corp. - Closed End Fund (BANX) and PGIM High Yield Bond Fund, Inc. (ISD) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANX and ISD?
On 3 years of weekly data the BANX/ISD correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 80.1 %².
In BANX's tracked universe of 12 assets, ISD sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months BANX outperformed by 20.0 percentage points (+13.0% for BANX against -7.0% for ISD).
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.
BANX vs ISD: side by side
| BANX (ArrowMark Financial Corp. - Closed End Fund) | ISD (PGIM High Yield Bond Fund, Inc.) | |
|---|---|---|
| 1-year return | +13.0% | -7.0% |
| 5-year return | +58.6% | +21.1% |
| Volatility (ann.) | 14.7% | 12.7% |
| Beta vs S&P 500 | 0.32 | 0.50 |
| Max drawdown (3Y) | -13.7% | -13.9% |
| Market cap | $0.2B | $0.4B |
| P/E (trailing) | 8.4 | 10.5 |
| Dividend yield | 8.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANX | ISD |
|---|---|---|
| 2022 | -15.3% | -18.4% |
| 2023 | +20.4% | +15.1% |
| 2024 | +27.7% | +22.1% |
| 2025 | +15.6% | +15.6% |
| 2026 | +0.9% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANX and ISD good diversifiers for each other?
Reasonably. At 0.43, BANX and ISD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BANX and ISD?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.38 over the last year and 0.36 over 5 years.
Is ISD a good diversifier for BANX?
Reasonably. At 0.43, BANX and ISD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/banx-vs-isd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/banx-vs-isd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BANX correlations · ISD correlations
