BIT vs DSL: Correlation
How closely do BlackRock Multi-Sector Income Trust (BIT) and DoubleLine Income Solutions Fund (DSL) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIT and DSL?
Across a 3-year window, the weekly returns of BIT and DSL correlate at 0.72, strong. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 91.8 %².
Few assets follow BIT as closely as DSL, which ranks #3 of 11 tracked partners. Neither side won the trailing year by much: -2.3% against -3.7%.
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.
BIT vs DSL: side by side
| BIT (BlackRock Multi-Sector Income Trust) | DSL (DoubleLine Income Solutions Fund) | |
|---|---|---|
| 1-year return | -2.3% | -3.7% |
| 5-year return | +5.8% | +5.8% |
| Volatility (ann.) | 10.5% | 12.2% |
| Beta vs S&P 500 | 0.42 | 0.49 |
| Max drawdown (3Y) | -11.6% | -13.5% |
| Market cap | $0.7B | $1.2B |
| P/E (trailing) | 11.3 | 33.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIT | DSL |
|---|---|---|
| 2022 | -14.6% | -22.6% |
| 2023 | +16.5% | +23.4% |
| 2024 | +7.2% | +14.0% |
| 2025 | -0.7% | -0.0% |
| 2026 | -1.1% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIT and DSL good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BIT and DSL?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.80 over the last year and 0.72 over 5 years.
Is DSL a good diversifier for BIT?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
A reading of 0.72 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/bit-vs-dsl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bit-vs-dsl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BIT correlations · DSL correlations
