BDCZ vs SKIL: Correlation
Measured on weekly returns over the past three years, ETRACS MarketVector Business Development Companies Liquid (BDCZ) and Skillsoft Corp. (SKIL) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDCZ and SKIL?
On 3 years of weekly data the BDCZ/SKIL correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 587.6 %².
Within BDCZ's tracked universe of 49 assets, SKIL comes in at #44 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BDCZ ahead by 54.6 points (-4.0% versus -58.6%). Risk is not evenly split, since SKIL carries 5.9 times the volatility of the other side.
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.
BDCZ vs SKIL: side by side
| BDCZ (ETRACS MarketVector Business Development Companies Liquid) | SKIL (Skillsoft Corp.) | |
|---|---|---|
| 1-year return | -4.0% | -58.6% |
| 5-year return | +29.0% | -96.5% |
| Volatility (ann.) | 16.0% | 95.0% |
| Beta vs S&P 500 | 0.58 | 2.14 |
| Max drawdown (3Y) | -20.8% | -88.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDCZ | SKIL |
|---|---|---|
| 2022 | -9.1% | -85.8% |
| 2023 | +25.3% | -32.4% |
| 2024 | +12.2% | +36.3% |
| 2025 | -3.7% | -61.2% |
| 2026 | +0.4% | -28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDCZ and SKIL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BDCZ and SKIL?
As of 2026-08-27, the correlation of weekly returns between BDCZ and SKIL is 0.39 over 3 years, 0.41 over 1 year and 0.34 over 5 years.
Is SKIL a good diversifier for BDCZ?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/bdcz-vs-skil.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bdcz-vs-skil/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BDCZ correlations · SKIL correlations
