BLW vs DMA: Correlation
Blackrock Limited Duration Income Trust (BLW) and Destra Multi-Alternative Fund (DMA) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLW and DMA?
Across a 3-year window, the weekly returns of BLW and DMA correlate at 0.45, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.45). Stretching to 5 years gives 0.38, with an annualized covariance of 78.8 %².
Among the 17 assets we track against BLW, DMA sits near the bottom by co-movement, at rank #13. Their 12-month results are close: -0.2% for BLW against -3.3% for DMA. One caveat on sizing: DMA is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BLW vs DMA: side by side
| BLW (Blackrock Limited Duration Income Trust) | DMA (Destra Multi-Alternative Fund) | |
|---|---|---|
| 1-year return | -0.2% | -3.3% |
| 5-year return | +16.7% | +19.8% |
| Volatility (ann.) | 9.8% | 17.6% |
| Beta vs S&P 500 | 0.38 | 0.47 |
| Max drawdown (3Y) | -11.2% | -19.4% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 10.4 | – |
| Dividend yield | 10.69% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLW | DMA |
|---|---|---|
| 2022 | -15.9% | – |
| 2023 | +17.3% | -3.8% |
| 2024 | +11.1% | +41.1% |
| 2025 | +7.1% | +12.0% |
| 2026 | -0.8% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLW and DMA good diversifiers for each other?
Reasonably. At 0.45, BLW and DMA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BLW and DMA?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.28 over the last year and 0.38 over 5 years.
Is DMA a good diversifier for BLW?
Reasonably. At 0.45, BLW and DMA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/blw-vs-dma.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blw-vs-dma/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLW correlations · DMA correlations
