BGT vs EVF: Correlation
How closely do BlackRock Floating Rate Income Trust (BGT) and Eaton Vance Senior Income Trust (EVF) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGT and EVF?
On 3 years of weekly data the BGT/EVF correlation comes out at 0.67, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.67 over 3. The 5-year figure is 0.68, and annualized covariance runs at 85.0 %².
Within BGT's tracked universe of 11 assets, EVF comes in at #4 by 3-year correlation. Their 12-month results are close: +0.8% for BGT against -3.0% for EVF.
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 EVF: side by side
| BGT (BlackRock Floating Rate Income Trust) | EVF (Eaton Vance Senior Income Trust) | |
|---|---|---|
| 1-year return | +0.8% | -3.0% |
| 5-year return | +41.9% | +15.0% |
| Volatility (ann.) | 12.4% | 10.2% |
| Beta vs S&P 500 | 0.46 | 0.41 |
| Max drawdown (3Y) | -15.9% | -16.9% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 15.6 | 24.7 |
| Dividend yield | 13.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGT | EVF |
|---|---|---|
| 2022 | -16.6% | -14.8% |
| 2023 | +26.3% | +34.5% |
| 2024 | +16.1% | +7.3% |
| 2025 | -0.9% | -6.1% |
| 2026 | +6.6% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGT and EVF good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BGT and EVF?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.72 over the last year and 0.68 over 5 years.
Is EVF a good diversifier for BGT?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/bgt-vs-evf.json
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[](https://www.pairbook.io/pair/bgt-vs-evf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGT correlations · EVF correlations
