BSL vs VGI: Correlation
How closely do Blackstone Senior Floating Rate 2027 Term Fund (BSL) and Virtus Global Multi-Sector Income Fund (VGI) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSL and VGI?
On 3 years of weekly data the BSL/VGI correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.52 over 3. The 5-year figure is 0.56, and annualized covariance runs at 36.8 %².
Within BSL's tracked universe of 10 assets, VGI comes in at #5 by 3-year correlation. The trailing year gives VGI the advantage: -1.2% versus +3.8%, a 5.0-point spread.
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 VGI: side by side
| BSL (Blackstone Senior Floating Rate 2027 Term Fund) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | -1.2% | +3.8% |
| 5-year return | +23.5% | +11.9% |
| Volatility (ann.) | 6.9% | 10.3% |
| Beta vs S&P 500 | 0.20 | 0.38 |
| Max drawdown (3Y) | -7.9% | -11.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 22.8 | 7.8 |
| Dividend yield | 8.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSL | VGI |
|---|---|---|
| 2022 | -22.9% | -22.3% |
| 2023 | +20.0% | +13.4% |
| 2024 | +18.2% | +10.4% |
| 2025 | +2.2% | +16.1% |
| 2026 | +0.7% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSL and VGI good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BSL and VGI?
The BSL/VGI correlation stands at 0.52 on a 3-year window (1 year: 0.48, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is VGI a good diversifier for BSL?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/bsl-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsl-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BSL correlations · VGI correlations
