BCIC vs CION: Correlation
How closely do BCP Investment Corporation - Closed End Fund (BCIC) and CION Investment Corporation (CION) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCIC and CION?
On 3 years of weekly data the BCIC/CION correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 360.4 %².
In BCIC's tracked universe of 14 assets, CION sits right near the top at #1. The trailing year gives CION the advantage: -27.0% versus -17.7%, a 9.3-point spread.
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.
BCIC vs CION: side by side
| BCIC (BCP Investment Corporation - Closed End Fund) | CION (CION Investment Corporation) | |
|---|---|---|
| 1-year return | -27.0% | -17.7% |
| 5-year return | -38.0% | +26.2% |
| Volatility (ann.) | 22.8% | 30.2% |
| Beta vs S&P 500 | 0.53 | 0.86 |
| Max drawdown (3Y) | -52.7% | -40.3% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 123.5 |
| Dividend yield | 17.34% | 17.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCIC | CION |
|---|---|---|
| 2022 | +3.8% | -14.8% |
| 2023 | -9.0% | +35.4% |
| 2024 | +3.9% | +14.8% |
| 2025 | -15.8% | -2.3% |
| 2026 | -28.2% | -14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCIC and CION good diversifiers for each other?
Only partially. A correlation of 0.52 means BCIC and CION share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BCIC and CION?
The BCIC/CION correlation stands at 0.52 on a 3-year window (1 year: 0.50, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is CION a good diversifier for BCIC?
Only partially. A correlation of 0.52 means BCIC and CION share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/bcic-vs-cion.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcic-vs-cion/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCIC correlations · CION correlations
