BCV vs NFJ: Correlation
Measured on weekly returns over the past three years, Bancroft Fund, Ltd. (BCV) and Virtus Dividend, Interest & Premium Strategy Fund (NFJ) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCV and NFJ?
On 3 years of weekly data the BCV/NFJ correlation comes out at 0.70, strong. Lately the two have drifted apart, with the 1-year correlation at 0.58 versus 0.70 over 3 years. The 5-year figure is 0.76, and annualized covariance runs at 169.8 %².
By 3-year correlation, NFJ places #4 of the 20 assets tracked against BCV. Their 12-month results are close: +28.3% for BCV against +31.0% for NFJ.
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.
BCV vs NFJ: side by side
| BCV (Bancroft Fund, Ltd.) | NFJ (Virtus Dividend, Interest & Premium Strategy Fund) | |
|---|---|---|
| 1-year return | +28.3% | +31.0% |
| 5-year return | +22.7% | +50.8% |
| Volatility (ann.) | 17.6% | 13.8% |
| Beta vs S&P 500 | 0.68 | 0.73 |
| Max drawdown (3Y) | -14.6% | -17.0% |
| Market cap | $0.1B | $1.5B |
| P/E (trailing) | 3.7 | 9.8 |
| Dividend yield | 5.42% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCV | NFJ |
|---|---|---|
| 2022 | -33.7% | -23.9% |
| 2023 | +5.6% | +21.3% |
| 2024 | +19.8% | +10.0% |
| 2025 | +33.4% | +12.4% |
| 2026 | +16.1% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCV and NFJ good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCV and NFJ?
The BCV/NFJ correlation stands at 0.70 on a 3-year window (1 year: 0.58, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is NFJ a good diversifier for BCV?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/bcv-vs-nfj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcv-vs-nfj/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCV correlations · NFJ correlations
