BCSF vs GAIN: Correlation
How closely do Bain Capital Specialty Finance, Inc. (BCSF) and Gl (GAIN) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCSF and GAIN?
Across a 3-year window, the weekly returns of BCSF and GAIN correlate at 0.55, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.55). Stretching to 5 years gives 0.55, with an annualized covariance of 209.0 %².
By 3-year correlation, GAIN places #8 of the 15 assets tracked against BCSF. Their recent paths diverged sharply: over the last 12 months GAIN outperformed by 36.9 percentage points (-12.0% for BCSF against +24.9% for GAIN).
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.
BCSF vs GAIN: side by side
| BCSF (Bain Capital Specialty Finance, Inc.) | GAIN (Gl) | |
|---|---|---|
| 1-year return | -12.0% | +24.9% |
| 5-year return | +39.1% | +92.6% |
| Volatility (ann.) | 18.9% | 20.1% |
| Beta vs S&P 500 | 0.60 | 0.61 |
| Max drawdown (3Y) | -26.4% | -14.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 12.0 | 3.8 |
| Dividend yield | 14.12% | 5.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCSF | GAIN |
|---|---|---|
| 2022 | -13.3% | -17.5% |
| 2023 | +42.0% | +31.0% |
| 2024 | +29.5% | +5.3% |
| 2025 | -9.6% | +17.1% |
| 2026 | -8.5% | +22.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCSF and GAIN good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BCSF and GAIN?
As of 2026-08-27, the correlation of weekly returns between BCSF and GAIN is 0.55 over 3 years, 0.66 over 1 year and 0.55 over 5 years.
Is GAIN a good diversifier for BCSF?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
A reading of 0.55 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/bcsf-vs-gain.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcsf-vs-gain/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCSF correlations · GAIN correlations
