BCIC vs SCM: Correlation
Measured on weekly returns over the past three years, BCP Investment Corporation - Closed End Fund (BCIC) and Stellus Capital Investment Corporation (SCM) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCIC and SCM?
On 3 years of weekly data the BCIC/SCM correlation comes out at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 274.9 %².
Few assets follow BCIC as closely as SCM, which ranks #2 of 14 tracked partners. The trailing year gives BCIC the advantage: -27.0% versus -32.7%, a 5.7-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 SCM: side by side
| BCIC (BCP Investment Corporation - Closed End Fund) | SCM (Stellus Capital Investment Corporation) | |
|---|---|---|
| 1-year return | -27.0% | -32.7% |
| 5-year return | -38.0% | +16.7% |
| Volatility (ann.) | 22.8% | 24.4% |
| Beta vs S&P 500 | 0.53 | 0.68 |
| Max drawdown (3Y) | -52.7% | -47.8% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 17.34% | 17.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCIC | SCM |
|---|---|---|
| 2022 | +3.8% | +12.9% |
| 2023 | -9.0% | +8.7% |
| 2024 | +3.9% | +20.3% |
| 2025 | -15.8% | +3.7% |
| 2026 | -28.2% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCIC and SCM good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BCIC and SCM?
As of 2026-08-27, the correlation of weekly returns between BCIC and SCM is 0.49 over 3 years, 0.52 over 1 year and 0.49 over 5 years.
Is SCM a good diversifier for BCIC?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-scm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcic-vs-scm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCIC correlations · SCM correlations
