BDCZ vs SLRC: Correlation
Measured on weekly returns over the past three years, ETRACS MarketVector Business Development Companies Liquid (BDCZ) and SLR Investment Corp. - Closed End Fund (SLRC) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDCZ and SLRC?
Across a 3-year window, the weekly returns of BDCZ and SLRC correlate at 0.75, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 233.5 %².
Within BDCZ's tracked universe of 49 assets, SLRC comes in at #20 by 3-year correlation. The trailing year gives BDCZ the advantage: -4.0% versus -15.7%, a 11.7-point spread.
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 SLRC: side by side
| BDCZ (ETRACS MarketVector Business Development Companies Liquid) | SLRC (SLR Investment Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -4.0% | -15.7% |
| 5-year return | +29.0% | +11.2% |
| Volatility (ann.) | 16.0% | 19.4% |
| Beta vs S&P 500 | 0.58 | 0.56 |
| Max drawdown (3Y) | -20.8% | -22.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 0.00% | 12.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDCZ | SLRC |
|---|---|---|
| 2022 | -9.1% | -16.1% |
| 2023 | +25.3% | +20.6% |
| 2024 | +12.2% | +19.1% |
| 2025 | -3.7% | +5.7% |
| 2026 | +0.4% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDCZ and SLRC good diversifiers for each other?
Only partially. A correlation of 0.75 means BDCZ and SLRC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BDCZ and SLRC?
As of 2026-08-27, the correlation of weekly returns between BDCZ and SLRC is 0.75 over 3 years, 0.67 over 1 year and 0.78 over 5 years.
Is SLRC a good diversifier for BDCZ?
Only partially. A correlation of 0.75 means BDCZ and SLRC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/bdcz-vs-slrc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bdcz-vs-slrc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BDCZ correlations · SLRC correlations
