BCV vs NSLR: Correlation
Bancroft Fund, Ltd. (BCV) and Neostellar Capital Corp. - Closed End Fund (NSLR) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCV and NSLR?
On 3 years of weekly data the BCV/NSLR correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 319.7 %².
Among the 20 assets we track against BCV, NSLR sits near the bottom by co-movement, at rank #16. Over the last 12 months BCV came out ahead by 7.0 percentage points (+28.3% against +21.3%). One caveat on sizing: NSLR is 2.6 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.
BCV vs NSLR: side by side
| BCV (Bancroft Fund, Ltd.) | NSLR (Neostellar Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | +28.3% | +21.3% |
| 5-year return | +22.7% | +4.6% |
| Volatility (ann.) | 17.6% | 45.0% |
| Beta vs S&P 500 | 0.68 | 0.97 |
| Max drawdown (3Y) | -14.6% | -35.6% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | 3.7 | 2.5 |
| Dividend yield | 5.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCV | NSLR |
|---|---|---|
| 2022 | -33.7% | -70.3% |
| 2023 | +5.6% | +3.7% |
| 2024 | +19.8% | +49.2% |
| 2025 | +33.4% | +69.9% |
| 2026 | +16.1% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCV and NSLR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCV and NSLR?
As of 2026-08-27, the correlation of weekly returns between BCV and NSLR is 0.40 over 3 years, 0.48 over 1 year and 0.44 over 5 years.
Is NSLR a good diversifier for BCV?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/bcv-vs-nslr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcv-vs-nslr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCV correlations · NSLR correlations
