BHK vs BKT: Correlation
Blackrock Core Bond Trust (BHK) and BlackRock Income Trust Inc. (The) (BKT) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHK and BKT?
On 3 years of weekly data the BHK/BKT correlation comes out at 0.73, strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.73 over 3. The 5-year figure is 0.69, and annualized covariance runs at 88.0 %².
Within BHK's tracked universe of 17 assets, BKT comes in at #4 by 3-year correlation. The trailing year gives BHK the advantage: +4.2% versus -3.3%, a 7.5-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.
BHK vs BKT: side by side
| BHK (Blackrock Core Bond Trust) | BKT (BlackRock Income Trust Inc. (The)) | |
|---|---|---|
| 1-year return | +4.2% | -3.3% |
| 5-year return | -15.3% | -16.5% |
| Volatility (ann.) | 12.4% | 9.7% |
| Beta vs S&P 500 | 0.28 | 0.19 |
| Max drawdown (3Y) | -16.6% | -10.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | 12.9 | 11.0 |
| Dividend yield | 9.85% | 10.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHK | BKT |
|---|---|---|
| 2022 | -32.6% | -21.6% |
| 2023 | +14.3% | +7.6% |
| 2024 | +3.9% | +3.2% |
| 2025 | +0.3% | +5.0% |
| 2026 | +1.6% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHK and BKT good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BHK and BKT?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.70 over the last year and 0.69 over 5 years.
Is BKT a good diversifier for BHK?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
A reading of 0.73 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/bhk-vs-bkt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhk-vs-bkt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BHK correlations · BKT correlations
