BCIC vs CSWC: Correlation
Measured on weekly returns over the past three years, BCP Investment Corporation - Closed End Fund (BCIC) and Capital Southwest Corporation (CSWC) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCIC and CSWC?
Across a 3-year window, the weekly returns of BCIC and CSWC correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 219.0 %².
Few assets follow BCIC as closely as CSWC, which ranks #3 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with CSWC ahead by 52.5 points (-27.0% versus +25.5%).
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 CSWC: side by side
| BCIC (BCP Investment Corporation - Closed End Fund) | CSWC (Capital Southwest Corporation) | |
|---|---|---|
| 1-year return | -27.0% | +25.5% |
| 5-year return | -38.0% | +72.3% |
| Volatility (ann.) | 22.8% | 20.0% |
| Beta vs S&P 500 | 0.53 | 0.64 |
| Max drawdown (3Y) | -52.7% | -27.7% |
| Market cap | $0.1B | $1.6B |
| P/E (trailing) | – | 14.0 |
| Dividend yield | 17.34% | 9.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCIC | CSWC |
|---|---|---|
| 2022 | +3.8% | -24.4% |
| 2023 | -9.0% | +56.1% |
| 2024 | +3.9% | +2.1% |
| 2025 | -15.8% | +14.3% |
| 2026 | -28.2% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCIC and CSWC good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BCIC and CSWC?
As of 2026-08-27, the correlation of weekly returns between BCIC and CSWC is 0.48 over 3 years, 0.45 over 1 year and 0.40 over 5 years.
Is CSWC a good diversifier for BCIC?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/bcic-vs-cswc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcic-vs-cswc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCIC correlations · CSWC correlations
