BCIC vs ISD: Correlation
BCP Investment Corporation - Closed End Fund (BCIC) and PGIM High Yield Bond Fund, Inc. (ISD) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCIC and ISD?
Over the past 3 years, BCIC and ISD moved with a correlation of 0.46, which is moderate. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.46). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 133.6 %².
By 3-year correlation, ISD places #5 of the 14 assets tracked against BCIC. The last year tells two different stories: ISD led by 20.0 percentage points, -27.0% for BCIC against -7.0% for ISD. Note the risk asymmetry: BCIC runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ISD: side by side
| BCIC (BCP Investment Corporation - Closed End Fund) | ISD (PGIM High Yield Bond Fund, Inc.) | |
|---|---|---|
| 1-year return | -27.0% | -7.0% |
| 5-year return | -38.0% | +21.1% |
| Volatility (ann.) | 22.8% | 12.7% |
| Beta vs S&P 500 | 0.53 | 0.50 |
| Max drawdown (3Y) | -52.7% | -13.9% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 10.5 |
| Dividend yield | 17.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCIC | ISD |
|---|---|---|
| 2022 | +3.8% | -18.4% |
| 2023 | -9.0% | +15.1% |
| 2024 | +3.9% | +22.1% |
| 2025 | -15.8% | +15.6% |
| 2026 | -28.2% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCIC and ISD good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BCIC and ISD?
The BCIC/ISD correlation stands at 0.46 on a 3-year window (1 year: 0.73, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is ISD a good diversifier for BCIC?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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-isd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bcic-vs-isd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCIC correlations · ISD correlations
