BCX vs GGN: Correlation
How closely do BlackRock Resources (BCX) and GAMCO Global Gold, Natural Resources & Income Trust (GGN) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCX and GGN?
On 3 years of weekly data the BCX/GGN correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 239.2 %².
GGN is one of the assets that tracks BCX most closely: it ranks #3 out of the 17 assets we track against BCX. On 12-month performance BCX holds a 12.9-point edge, +41.5% against +28.6%.
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 GGN: side by side
| BCX (BlackRock Resources) | GGN (GAMCO Global Gold, Natural Resources & Income Trust) | |
|---|---|---|
| 1-year return | +41.5% | +28.6% |
| 5-year return | +98.3% | +128.2% |
| Volatility (ann.) | 20.0% | 18.5% |
| Beta vs S&P 500 | 0.56 | 0.36 |
| Max drawdown (3Y) | -18.8% | -16.9% |
| Market cap | $1.0B | – |
| P/E (trailing) | 4.7 | 2.8 |
| Dividend yield | 0.00% | 6.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCX | GGN |
|---|---|---|
| 2022 | +12.8% | +6.8% |
| 2023 | -4.8% | +14.1% |
| 2024 | +3.2% | +9.6% |
| 2025 | +40.4% | +48.2% |
| 2026 | +24.5% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCX and GGN good diversifiers for each other?
To a limited degree. At 0.65 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 BCX and GGN?
As of 2026-08-27, the correlation of weekly returns between BCX and GGN is 0.65 over 3 years, 0.62 over 1 year and 0.70 over 5 years.
Is GGN a good diversifier for BCX?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 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-ggn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcx-vs-ggn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCX correlations · GGN correlations
