BGY vs BOE: Correlation
Blackrock Enhanced International Dividend Trust (BGY) and Blackrock Enhanced Global Dividend Trust (BOE) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGY and BOE?
Over the past 3 years, BGY and BOE moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.94 lands near the 3-year figure. Over 5 years the correlation is 0.89, and the annualized covariance of weekly returns is 187.9 %².
Few assets follow BGY as closely as BOE, which ranks #1 of 13 tracked partners. The trailing year gives BOE the advantage: +11.9% versus +17.7%, a 5.8-point spread.
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.
BGY vs BOE: side by side
| BGY (Blackrock Enhanced International Dividend Trust) | BOE (Blackrock Enhanced Global Dividend Trust) | |
|---|---|---|
| 1-year return | +11.9% | +17.7% |
| 5-year return | +38.4% | +46.4% |
| Volatility (ann.) | 15.7% | 13.8% |
| Beta vs S&P 500 | 0.77 | 0.79 |
| Max drawdown (3Y) | -15.5% | -14.5% |
| Market cap | $0.5B | – |
| P/E (trailing) | 6.6 | 6.8 |
| Dividend yield | 8.63% | 7.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGY | BOE |
|---|---|---|
| 2022 | -13.6% | -15.5% |
| 2023 | +13.4% | +12.0% |
| 2024 | +8.7% | +16.8% |
| 2025 | +21.3% | +18.8% |
| 2026 | +6.4% | +12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGY and BOE good diversifiers for each other?
No. With a correlation of 0.87, BGY and BOE move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BGY and BOE?
The BGY/BOE correlation stands at 0.87 on a 3-year window (1 year: 0.94, 5 years: 0.89), computed from weekly returns as of 2026-08-27.
Is BOE a good diversifier for BGY?
No. With a correlation of 0.87, BGY and BOE move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 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/bgy-vs-boe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgy-vs-boe/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BGY correlations · BOE correlations
