BCSF vs KBDC: Correlation
Bain Capital Specialty Finance, Inc. (BCSF) and Kayne Anderson BDC, Inc. (KBDC) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCSF and KBDC?
Across a 3-year window, the weekly returns of BCSF and KBDC correlate at 0.65, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.65 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 207.9 %².
By 3-year correlation, KBDC places #6 of the 15 assets tracked against BCSF. Over the last 12 months KBDC came out ahead by 12.9 percentage points (-12.0% against +0.9%).
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 KBDC: side by side
| BCSF (Bain Capital Specialty Finance, Inc.) | KBDC (Kayne Anderson BDC, Inc.) | |
|---|---|---|
| 1-year return | -12.0% | +0.9% |
| 5-year return | +39.1% | n/a |
| Volatility (ann.) | 18.9% | 15.7% |
| Beta vs S&P 500 | 0.60 | 0.39 |
| Max drawdown (3Y) | -26.4% | -19.6% |
| Market cap | $0.8B | $0.9B |
| P/E (trailing) | 12.0 | 12.4 |
| Dividend yield | 14.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCSF | KBDC |
|---|---|---|
| 2022 | -13.3% | – |
| 2023 | +42.0% | – |
| 2024 | +29.5% | – |
| 2025 | -9.6% | -2.4% |
| 2026 | -8.5% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCSF and KBDC good diversifiers for each other?
Only partially. A correlation of 0.65 means BCSF and KBDC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BCSF and KBDC?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.66 over the last year and n/a over 5 years.
Is KBDC a good diversifier for BCSF?
Only partially. A correlation of 0.65 means BCSF and KBDC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcsf-vs-kbdc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcsf-vs-kbdc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCSF correlations · KBDC correlations
