BGT vs JQC: Correlation
Measured on weekly returns over the past three years, BlackRock Floating Rate Income Trust (BGT) and Nuveen Credit Strategies Income Fund Shares of Beneficial (JQC) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGT and JQC?
Over the past 3 years, BGT and JQC moved with a correlation of 0.68, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.68 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 93.6 %².
Few assets follow BGT as closely as JQC, which ranks #3 of 11 tracked partners. 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 JQC: side by side
| BGT (BlackRock Floating Rate Income Trust) | JQC (Nuveen Credit Strategies Income Fund Shares of Beneficial) | |
|---|---|---|
| 1-year return | +0.8% | -2.3% |
| 5-year return | +41.9% | +26.7% |
| Volatility (ann.) | 12.4% | 11.1% |
| Beta vs S&P 500 | 0.46 | 0.41 |
| Max drawdown (3Y) | -15.9% | -15.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 15.6 | 16.9 |
| Dividend yield | 13.12% | 13.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGT | JQC |
|---|---|---|
| 2022 | -16.6% | -14.2% |
| 2023 | +26.3% | +15.4% |
| 2024 | +16.1% | +22.3% |
| 2025 | -0.9% | -0.4% |
| 2026 | +6.6% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGT and JQC good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BGT and JQC?
As of 2026-08-27, the correlation of weekly returns between BGT and JQC is 0.68 over 3 years, 0.70 over 1 year and 0.70 over 5 years.
Is JQC a good diversifier for BGT?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 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
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Related comparisons
Hubs: BGT correlations · JQC correlations
