BDJ vs DDT: Correlation
How closely do Blackrock Enhanced Equity Dividend Trust (BDJ) and Dillard's Capital Trust I (DDT) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDJ and DDT?
On 3 years of weekly data the BDJ/DDT correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.03) runs below the 3-year figure (0.38). The 5-year figure is 0.29, and annualized covariance runs at 34.8 %².
Among the 16 assets we track against BDJ, DDT sits near the bottom by co-movement, at rank #13. Over the last 12 months BDJ came out ahead by 10.7 percentage points (+19.0% against +8.3%). One caveat on sizing: BDJ is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 DDT: side by side
| BDJ (Blackrock Enhanced Equity Dividend Trust) | DDT (Dillard's Capital Trust I) | |
|---|---|---|
| 1-year return | +19.0% | +8.3% |
| 5-year return | +53.5% | +43.4% |
| Volatility (ann.) | 15.1% | 6.1% |
| Beta vs S&P 500 | 0.72 | 0.11 |
| Max drawdown (3Y) | -14.4% | -4.6% |
| Market cap | $1.7B | – |
| P/E (trailing) | 6.2 | – |
| Dividend yield | 7.57% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDJ | DDT |
|---|---|---|
| 2022 | -1.7% | -3.3% |
| 2023 | -6.7% | +9.8% |
| 2024 | +16.8% | +7.4% |
| 2025 | +26.1% | +9.5% |
| 2026 | +8.9% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDJ and DDT good diversifiers for each other?
Reasonably. At 0.38, BDJ and DDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BDJ and DDT?
The BDJ/DDT correlation stands at 0.38 on a 3-year window (1 year: 0.03, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is DDT a good diversifier for BDJ?
Reasonably. At 0.38, BDJ and DDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BDJ correlations · DDT correlations
