BLW vs VLT: Correlation
Measured on weekly returns over the past three years, Blackrock Limited Duration Income Trust (BLW) and Invesco High Income Trust II (VLT) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLW and VLT?
Over the past 3 years, BLW and VLT moved with a correlation of 0.77, which is strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.77 over 3. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 75.9 %².
VLT is one of the assets that tracks BLW most closely: it ranks #2 out of the 17 assets we track against BLW. Neither side won the trailing year by much: -0.2% against -1.3%.
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 VLT: side by side
| BLW (Blackrock Limited Duration Income Trust) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | -0.2% | -1.3% |
| 5-year return | +16.7% | +12.4% |
| Volatility (ann.) | 9.8% | 10.0% |
| Beta vs S&P 500 | 0.38 | 0.47 |
| Max drawdown (3Y) | -11.2% | -13.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 10.4 | 13.9 |
| Dividend yield | 10.69% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLW | VLT |
|---|---|---|
| 2022 | -15.9% | -20.9% |
| 2023 | +17.3% | +13.1% |
| 2024 | +11.1% | +17.3% |
| 2025 | +7.1% | +13.2% |
| 2026 | -0.8% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLW and VLT good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLW and VLT?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.72 over the last year and 0.76 over 5 years.
Is VLT a good diversifier for BLW?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 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/blw-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blw-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLW correlations · VLT correlations
