BCIC vs LAZ: Correlation
BCP Investment Corporation - Closed End Fund (BCIC) and Lazard, Inc. (LAZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCIC and LAZ?
Over the past 3 years, BCIC and LAZ moved with a correlation of 0.48, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.48 over 3 years. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 396.1 %².
Within BCIC's tracked universe of 14 assets, LAZ comes in at #4 by 3-year correlation. Over the last 12 months LAZ came out ahead by 5.1 percentage points (-27.0% against -21.9%). One caveat on sizing: LAZ is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LAZ: side by side
| BCIC (BCP Investment Corporation - Closed End Fund) | LAZ (Lazard, Inc.) | |
|---|---|---|
| 1-year return | -27.0% | -21.9% |
| 5-year return | -38.0% | +14.6% |
| Volatility (ann.) | 22.8% | 36.4% |
| Beta vs S&P 500 | 0.53 | 1.49 |
| Max drawdown (3Y) | -52.7% | -44.2% |
| Market cap | $0.1B | $4.2B |
| P/E (trailing) | – | 21.1 |
| Dividend yield | 17.34% | 4.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCIC | LAZ |
|---|---|---|
| 2022 | +3.8% | -16.2% |
| 2023 | -9.0% | +6.9% |
| 2024 | +3.9% | +54.8% |
| 2025 | -15.8% | -1.6% |
| 2026 | -28.2% | -8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCIC and LAZ 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 LAZ?
The BCIC/LAZ correlation stands at 0.48 on a 3-year window (1 year: 0.62, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is LAZ 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-laz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcic-vs-laz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCIC correlations · LAZ correlations
