BGB vs RDDT: Correlation
Measured on weekly returns over the past three years, Blackstone Strategic Credit 2027 Term Fund (BGB) and Reddit (RDDT) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGB and RDDT?
Over the past 3 years, BGB and RDDT moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 353.3 %².
Out of 14 assets tracked against BGB, RDDT lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months BGB outperformed by 24.0 percentage points (-3.1% for BGB against -27.1% for RDDT). One caveat on sizing: RDDT is 8.1 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.
BGB vs RDDT: side by side
| BGB (Blackstone Strategic Credit 2027 Term Fund) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | -3.1% | -27.1% |
| 5-year return | +23.0% | n/a |
| Volatility (ann.) | 9.3% | 75.2% |
| Beta vs S&P 500 | 0.40 | 2.59 |
| Max drawdown (3Y) | -12.8% | -61.4% |
| Market cap | – | $29.6B |
| P/E (trailing) | 16.7 | 36.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BGB | RDDT |
|---|---|---|
| 2022 | -16.1% | – |
| 2023 | +19.5% | – |
| 2024 | +18.7% | – |
| 2025 | +4.8% | +40.6% |
| 2026 | -0.5% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGB and RDDT good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BGB and RDDT?
The BGB/RDDT correlation stands at 0.53 on a 3-year window (1 year: 0.54, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RDDT a good diversifier for BGB?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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-rddt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgb-vs-rddt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGB correlations · RDDT correlations
