BDJ vs SIRI: Correlation
Measured on weekly returns over the past three years, Blackrock Enhanced Equity Dividend Trust (BDJ) and SiriusXM Holdings Inc. (SIRI) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDJ and SIRI?
On 3 years of weekly data the BDJ/SIRI correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 334.7 %².
Within BDJ's tracked universe of 16 assets, SIRI comes in at #10 by 3-year correlation. On 12-month performance SIRI holds a 6.9-point edge, +19.0% against +25.9%. Risk is not evenly split, since SIRI carries 3.1 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.
BDJ vs SIRI: side by side
| BDJ (Blackrock Enhanced Equity Dividend Trust) | SIRI (SiriusXM Holdings Inc.) | |
|---|---|---|
| 1-year return | +19.0% | +25.9% |
| 5-year return | +53.5% | -45.1% |
| Volatility (ann.) | 15.1% | 46.6% |
| Beta vs S&P 500 | 0.72 | 1.30 |
| Max drawdown (3Y) | -14.4% | -64.5% |
| Market cap | $1.7B | $9.6B |
| P/E (trailing) | 6.2 | 11.4 |
| Dividend yield | 7.57% | 3.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDJ | SIRI |
|---|---|---|
| 2022 | -1.7% | -3.2% |
| 2023 | -6.7% | -4.3% |
| 2024 | +16.8% | -56.9% |
| 2025 | +26.1% | -8.0% |
| 2026 | +8.9% | +47.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDJ and SIRI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BDJ and SIRI?
The BDJ/SIRI correlation stands at 0.48 on a 3-year window (1 year: 0.42, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is SIRI a good diversifier for BDJ?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
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Related comparisons
Hubs: BDJ correlations · SIRI correlations
