BGX vs VVR: Correlation
Blackstone Long Short Credit Income Fund (BGX) and Invesco Senior Income Trust (VVR) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGX and VVR?
On 3 years of weekly data the BGX/VVR correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 77.8 %².
Among the 14 assets we track against BGX, VVR ranks #9 by 3-year correlation. Neither side won the trailing year by much: -6.6% against -8.3%. Risk is not evenly split, since VVR carries 1.5 times the volatility of the other side.
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.
BGX vs VVR: side by side
| BGX (Blackstone Long Short Credit Income Fund) | VVR (Invesco Senior Income Trust) | |
|---|---|---|
| 1-year return | -6.6% | -8.3% |
| 5-year return | +15.1% | +22.0% |
| Volatility (ann.) | 10.0% | 15.0% |
| Beta vs S&P 500 | 0.39 | 0.32 |
| Max drawdown (3Y) | -14.1% | -19.5% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | 15.3 | 32.3 |
| Dividend yield | 0.00% | 15.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGX | VVR |
|---|---|---|
| 2022 | -20.6% | -1.1% |
| 2023 | +18.9% | +20.9% |
| 2024 | +19.8% | +9.0% |
| 2025 | +2.1% | -6.2% |
| 2026 | -3.3% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGX and VVR good diversifiers for each other?
Only partially. A correlation of 0.52 means BGX and VVR 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 BGX and VVR?
As of 2026-08-27, the correlation of weekly returns between BGX and VVR is 0.52 over 3 years, 0.51 over 1 year and 0.56 over 5 years.
Is VVR a good diversifier for BGX?
Only partially. A correlation of 0.52 means BGX and VVR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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/bgx-vs-vvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgx-vs-vvr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGX correlations · VVR correlations
