BCX vs FUND: Correlation
How closely do BlackRock Resources (BCX) and Sprott Focus Trust, Inc. - Closed End Fund (FUND) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCX and FUND?
Over the past 3 years, BCX and FUND moved with a correlation of 0.70, which is strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 251.7 %².
FUND is one of the assets that tracks BCX most closely: it ranks #1 out of the 17 assets we track against BCX. Their 12-month results are close: +41.5% for BCX against +39.1% for FUND.
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.
BCX vs FUND: side by side
| BCX (BlackRock Resources) | FUND (Sprott Focus Trust, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | +41.5% | +39.1% |
| 5-year return | +98.3% | +83.0% |
| Volatility (ann.) | 20.0% | 17.9% |
| Beta vs S&P 500 | 0.56 | 0.77 |
| Max drawdown (3Y) | -18.8% | -18.2% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | 4.7 | 5.8 |
| Dividend yield | 0.00% | 5.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCX | FUND |
|---|---|---|
| 2022 | +12.8% | -1.2% |
| 2023 | -4.8% | +6.9% |
| 2024 | +3.2% | -1.0% |
| 2025 | +40.4% | +27.5% |
| 2026 | +24.5% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCX and FUND 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 BCX and FUND?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.67 over the last year and 0.67 over 5 years.
Is FUND a good diversifier for BCX?
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?
A reading of 0.70 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/bcx-vs-fund.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcx-vs-fund/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCX correlations · FUND correlations
