BDJ vs BOE: Correlation
Measured on weekly returns over the past three years, Blackrock Enhanced Equity Dividend Trust (BDJ) and Blackrock Enhanced Global Dividend Trust (BOE) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDJ and BOE?
Over the past 3 years, BDJ and BOE moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.82 over 1 year against 0.84 over 3. Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 175.3 %².
BOE is one of the assets that tracks BDJ most closely: it ranks #2 out of the 16 assets we track against BDJ. Neither side won the trailing year by much: +19.0% against +17.7%.
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.
BDJ vs BOE: side by side
| BDJ (Blackrock Enhanced Equity Dividend Trust) | BOE (Blackrock Enhanced Global Dividend Trust) | |
|---|---|---|
| 1-year return | +19.0% | +17.7% |
| 5-year return | +53.5% | +46.4% |
| Volatility (ann.) | 15.1% | 13.8% |
| Beta vs S&P 500 | 0.72 | 0.79 |
| Max drawdown (3Y) | -14.4% | -14.5% |
| Market cap | $1.7B | – |
| P/E (trailing) | 6.2 | 6.8 |
| Dividend yield | 7.57% | 7.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDJ | BOE |
|---|---|---|
| 2022 | -1.7% | -15.5% |
| 2023 | -6.7% | +12.0% |
| 2024 | +16.8% | +16.8% |
| 2025 | +26.1% | +18.8% |
| 2026 | +8.9% | +12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDJ and BOE good diversifiers for each other?
No. With a correlation of 0.84, BDJ and BOE move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BDJ and BOE?
The BDJ/BOE correlation stands at 0.84 on a 3-year window (1 year: 0.82, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is BOE a good diversifier for BDJ?
No. With a correlation of 0.84, BDJ and BOE move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
A reading of 0.84 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/bdj-vs-boe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdj-vs-boe/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BDJ correlations · BOE correlations
