BGB vs JQC: Correlation
Blackstone Strategic Credit 2027 Term Fund (BGB) and Nuveen Credit Strategies Income Fund Shares of Beneficial (JQC) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGB and JQC?
Across a 3-year window, the weekly returns of BGB and JQC correlate at 0.70, strong. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 72.4 %².
Among the 14 assets we track against BGB, JQC ranks #4 by 3-year correlation. Their 12-month results are close: -3.1% for BGB against -2.3% for JQC.
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 JQC: side by side
| BGB (Blackstone Strategic Credit 2027 Term Fund) | JQC (Nuveen Credit Strategies Income Fund Shares of Beneficial) | |
|---|---|---|
| 1-year return | -3.1% | -2.3% |
| 5-year return | +23.0% | +26.7% |
| Volatility (ann.) | 9.3% | 11.1% |
| Beta vs S&P 500 | 0.40 | 0.41 |
| Max drawdown (3Y) | -12.8% | -15.4% |
| Market cap | – | – |
| P/E (trailing) | 16.7 | 16.9 |
| Dividend yield | 0.00% | 13.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGB | JQC |
|---|---|---|
| 2022 | -16.1% | -14.2% |
| 2023 | +19.5% | +15.4% |
| 2024 | +18.7% | +22.3% |
| 2025 | +4.8% | -0.4% |
| 2026 | -0.5% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGB and JQC good diversifiers for each other?
Only partially. A correlation of 0.70 means BGB and JQC 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 BGB and JQC?
The BGB/JQC correlation stands at 0.70 on a 3-year window (1 year: 0.78, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is JQC a good diversifier for BGB?
Only partially. A correlation of 0.70 means BGB and JQC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bgb-vs-jqc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bgb-vs-jqc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGB correlations · JQC correlations
