BGY vs VEA: Correlation
How closely do Blackrock Enhanced International Dividend Trust (BGY) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGY and VEA?
On 3 years of weekly data the BGY/VEA correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.91 lands near the 3-year figure. The 5-year figure is 0.86, and annualized covariance runs at 200.2 %².
Within BGY's tracked universe of 13 assets, VEA comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VEA ahead by 16.6 points (+11.9% versus +28.5%).
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 VEA: side by side
| BGY (Blackrock Enhanced International Dividend Trust) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +11.9% | +28.5% |
| 5-year return | +38.4% | +63.5% |
| Volatility (ann.) | 15.7% | 15.1% |
| Beta vs S&P 500 | 0.77 | 0.79 |
| Max drawdown (3Y) | -15.5% | -13.5% |
| Market cap | $0.5B | – |
| P/E (trailing) | 6.6 | – |
| Dividend yield | 8.63% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | BGY | VEA |
|---|---|---|
| 2022 | -13.6% | -15.3% |
| 2023 | +13.4% | +17.9% |
| 2024 | +8.7% | +3.1% |
| 2025 | +21.3% | +35.2% |
| 2026 | +6.4% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGY and VEA good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BGY and VEA?
The BGY/VEA correlation stands at 0.84 on a 3-year window (1 year: 0.91, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for BGY?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 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/bgy-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgy-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGY correlations · VEA correlations
