BGT vs EFR: Correlation
BlackRock Floating Rate Income Trust (BGT) and Eaton Vance Senior Floating-Rate Fund (EFR) 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 BGT and EFR?
Across a 3-year window, the weekly returns of BGT and EFR correlate at 0.70, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 92.7 %².
EFR is one of the assets that tracks BGT most closely: it ranks #2 out of the 11 assets we track against BGT. Neither side won the trailing year by much: +0.8% against -2.3%.
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.
BGT vs EFR: side by side
| BGT (BlackRock Floating Rate Income Trust) | EFR (Eaton Vance Senior Floating-Rate Fund) | |
|---|---|---|
| 1-year return | +0.8% | -2.3% |
| 5-year return | +41.9% | +16.8% |
| Volatility (ann.) | 12.4% | 10.7% |
| Beta vs S&P 500 | 0.46 | 0.45 |
| Max drawdown (3Y) | -15.9% | -18.3% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 15.6 | 20.6 |
| Dividend yield | 13.12% | 9.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGT | EFR |
|---|---|---|
| 2022 | -16.6% | -18.8% |
| 2023 | +26.3% | +29.2% |
| 2024 | +16.1% | +11.3% |
| 2025 | -0.9% | -4.9% |
| 2026 | +6.6% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGT and EFR good diversifiers for each other?
Only partially. A correlation of 0.70 means BGT and EFR 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 BGT and EFR?
The BGT/EFR correlation stands at 0.70 on a 3-year window (1 year: 0.70, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is EFR a good diversifier for BGT?
Only partially. A correlation of 0.70 means BGT and EFR 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?
A reading of 0.70 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bgt-vs-efr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgt-vs-efr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BGT correlations · EFR correlations
