BGB vs BSL: Correlation
How closely do Blackstone Strategic Credit 2027 Term Fund (BGB) and Blackstone Senior Floating Rate 2027 Term Fund (BSL) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGB and BSL?
Over the past 3 years, BGB and BSL moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 38.0 %².
Among the 14 assets we track against BGB, BSL ranks #9 by 3-year correlation. Their 12-month results are close: -3.1% for BGB against -1.2% for BSL.
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.
BGB vs BSL: side by side
| BGB (Blackstone Strategic Credit 2027 Term Fund) | BSL (Blackstone Senior Floating Rate 2027 Term Fund) | |
|---|---|---|
| 1-year return | -3.1% | -1.2% |
| 5-year return | +23.0% | +23.5% |
| Volatility (ann.) | 9.3% | 6.9% |
| Beta vs S&P 500 | 0.40 | 0.20 |
| Max drawdown (3Y) | -12.8% | -7.9% |
| Market cap | – | – |
| P/E (trailing) | 16.7 | 22.8 |
| Dividend yield | 0.00% | 8.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGB | BSL |
|---|---|---|
| 2022 | -16.1% | -22.9% |
| 2023 | +19.5% | +20.0% |
| 2024 | +18.7% | +18.2% |
| 2025 | +4.8% | +2.2% |
| 2026 | -0.5% | +0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGB and BSL good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BGB and BSL?
As of 2026-08-27, the correlation of weekly returns between BGB and BSL is 0.59 over 3 years, 0.60 over 1 year and 0.66 over 5 years.
Is BSL a good diversifier for BGB?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/bgb-vs-bsl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgb-vs-bsl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGB correlations · BSL correlations
