BCAT vs LUCY: Correlation
Measured on weekly returns over the past three years, BlackRock Capital Allocation Term Trust (BCAT) and Innovative Eyewear, Inc. (LUCY) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCAT and LUCY?
On 3 years of weekly data the BCAT/LUCY correlation comes out at 0.34, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.34). The 5-year figure is 0.29, and annualized covariance runs at 1146.1 %².
LUCY is close to the least connected end of BCAT's tracked universe, ranking #8 of 11. The last year tells two different stories: BCAT led by 83.9 percentage points, +32.2% for BCAT against -51.7% for LUCY. Risk is not evenly split, since LUCY carries 19.8 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.
BCAT vs LUCY: side by side
| BCAT (BlackRock Capital Allocation Term Trust) | LUCY (Innovative Eyewear, Inc.) | |
|---|---|---|
| 1-year return | +32.2% | -51.7% |
| 5-year return | +49.6% | n/a |
| Volatility (ann.) | 13.1% | 259.2% |
| Beta vs S&P 500 | 0.60 | 1.73 |
| Max drawdown (3Y) | -13.7% | -96.7% |
| Market cap | $1.7B | – |
| P/E (trailing) | 7.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCAT | LUCY |
|---|---|---|
| 2022 | -22.6% | – |
| 2023 | +19.3% | -69.2% |
| 2024 | +19.4% | -41.7% |
| 2025 | +16.8% | -79.7% |
| 2026 | +28.4% | -5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCAT and LUCY good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BCAT and LUCY?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.24 over the last year and 0.29 over 5 years.
Is LUCY a good diversifier for BCAT?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/bcat-vs-lucy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcat-vs-lucy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCAT correlations · LUCY correlations
