BOE vs FINS: Correlation
Measured on weekly returns over the past three years, Blackrock Enhanced Global Dividend Trust (BOE) and Angel Oak Financial Strategies Income Term Trust (FINS) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOE and FINS?
On 3 years of weekly data the BOE/FINS correlation comes out at 0.63, strong. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.63). The 5-year figure is 0.57, and annualized covariance runs at 71.5 %².
Within BOE's tracked universe of 27 assets, FINS comes in at #17 by 3-year correlation. The trailing year gives BOE the advantage: +17.7% versus +6.2%, a 11.5-point spread. One caveat on sizing: BOE is 1.7 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.
BOE vs FINS: side by side
| BOE (Blackrock Enhanced Global Dividend Trust) | FINS (Angel Oak Financial Strategies Income Term Trust) | |
|---|---|---|
| 1-year return | +17.7% | +6.2% |
| 5-year return | +46.4% | +12.5% |
| Volatility (ann.) | 13.8% | 8.2% |
| Beta vs S&P 500 | 0.79 | 0.28 |
| Max drawdown (3Y) | -14.5% | -6.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | 6.8 | 7.6 |
| Dividend yield | 7.95% | 10.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOE | FINS |
|---|---|---|
| 2022 | -15.5% | -18.2% |
| 2023 | +12.0% | +2.5% |
| 2024 | +16.8% | +18.3% |
| 2025 | +18.8% | +15.2% |
| 2026 | +12.2% | +2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOE and FINS good diversifiers for each other?
Only partially. A correlation of 0.63 means BOE and FINS 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 BOE and FINS?
The BOE/FINS correlation stands at 0.63 on a 3-year window (1 year: 0.76, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is FINS a good diversifier for BOE?
Only partially. A correlation of 0.63 means BOE and FINS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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/boe-vs-fins.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/boe-vs-fins/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOE correlations · FINS correlations
