BSL vs DSL: Correlation
How closely do Blackstone Senior Floating Rate 2027 Term Fund (BSL) and DoubleLine Income Solutions Fund (DSL) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSL and DSL?
On 3 years of weekly data the BSL/DSL correlation comes out at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.53). The 5-year figure is 0.53, and annualized covariance runs at 44.9 %².
Within BSL's tracked universe of 10 assets, DSL comes in at #4 by 3-year correlation. Neither side won the trailing year by much: -1.2% against -3.7%. One caveat on sizing: DSL 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.
BSL vs DSL: side by side
| BSL (Blackstone Senior Floating Rate 2027 Term Fund) | DSL (DoubleLine Income Solutions Fund) | |
|---|---|---|
| 1-year return | -1.2% | -3.7% |
| 5-year return | +23.5% | +5.8% |
| Volatility (ann.) | 6.9% | 12.2% |
| Beta vs S&P 500 | 0.20 | 0.49 |
| Max drawdown (3Y) | -7.9% | -13.5% |
| Market cap | – | $1.2B |
| P/E (trailing) | 22.8 | 33.2 |
| Dividend yield | 8.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSL | DSL |
|---|---|---|
| 2022 | -22.9% | -22.6% |
| 2023 | +20.0% | +23.4% |
| 2024 | +18.2% | +14.0% |
| 2025 | +2.2% | -0.0% |
| 2026 | +0.7% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSL and DSL good diversifiers for each other?
Only partially. A correlation of 0.53 means BSL and DSL 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 BSL and DSL?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.41 over the last year and 0.53 over 5 years.
Is DSL a good diversifier for BSL?
Only partially. A correlation of 0.53 means BSL and DSL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bsl-vs-dsl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bsl-vs-dsl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BSL correlations · DSL correlations
