BKT vs GBAB: Correlation
BlackRock Income Trust Inc. (The) (BKT) and Guggenheim Taxable Municipal Bond & Investment Grade Debt (GBAB) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKT and GBAB?
Over the past 3 years, BKT and GBAB moved with a correlation of 0.67, which is strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 87.5 %².
Within BKT's tracked universe of 16 assets, GBAB comes in at #9 by 3-year correlation. Their 12-month results are close: -3.3% for BKT against -1.0% for GBAB.
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.
BKT vs GBAB: side by side
| BKT (BlackRock Income Trust Inc. (The)) | GBAB (Guggenheim Taxable Municipal Bond & Investment Grade Debt) | |
|---|---|---|
| 1-year return | -3.3% | -1.0% |
| 5-year return | -16.5% | -11.9% |
| Volatility (ann.) | 9.7% | 13.5% |
| Beta vs S&P 500 | 0.19 | 0.20 |
| Max drawdown (3Y) | -10.4% | -17.3% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | 11.0 | 11.7 |
| Dividend yield | 10.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKT | GBAB |
|---|---|---|
| 2022 | -21.6% | -25.1% |
| 2023 | +7.6% | +8.6% |
| 2024 | +3.2% | +2.9% |
| 2025 | +5.0% | +8.4% |
| 2026 | +0.0% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKT and GBAB good diversifiers for each other?
Only partially. A correlation of 0.67 means BKT and GBAB 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 BKT and GBAB?
The BKT/GBAB correlation stands at 0.67 on a 3-year window (1 year: 0.58, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is GBAB a good diversifier for BKT?
Only partially. A correlation of 0.67 means BKT and GBAB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/bkt-vs-gbab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkt-vs-gbab/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BKT correlations · GBAB correlations
