BGT vs VVR: Correlation
How closely do BlackRock Floating Rate Income Trust (BGT) and Invesco Senior Income Trust (VVR) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGT and VVR?
Across a 3-year window, the weekly returns of BGT and VVR correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.56, with an annualized covariance of 97.5 %².
VVR is close to the least connected end of BGT's tracked universe, ranking #7 of 11. On 12-month performance BGT holds a 9.1-point edge, +0.8% against -8.3%.
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 VVR: side by side
| BGT (BlackRock Floating Rate Income Trust) | VVR (Invesco Senior Income Trust) | |
|---|---|---|
| 1-year return | +0.8% | -8.3% |
| 5-year return | +41.9% | +22.0% |
| Volatility (ann.) | 12.4% | 15.0% |
| Beta vs S&P 500 | 0.46 | 0.32 |
| Max drawdown (3Y) | -15.9% | -19.5% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | 15.6 | 32.3 |
| Dividend yield | 13.12% | 15.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGT | VVR |
|---|---|---|
| 2022 | -16.6% | -1.1% |
| 2023 | +26.3% | +20.9% |
| 2024 | +16.1% | +9.0% |
| 2025 | -0.9% | -6.2% |
| 2026 | +6.6% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGT and VVR good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BGT and VVR?
As of 2026-08-27, the correlation of weekly returns between BGT and VVR is 0.52 over 3 years, 0.33 over 1 year and 0.56 over 5 years.
Is VVR a good diversifier for BGT?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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-vvr.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGT correlations · VVR correlations
