BTT vs DEC: Correlation
Measured on weekly returns over the past three years, BlackRock Municipal 2030 Target Term Trust (BTT) and Diversified Energy Company (DEC) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTT and DEC?
Over the past 3 years, BTT and DEC moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.23). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is nan %².
Out of 13 assets tracked against BTT, DEC lands near the bottom at #11. Twelve-month performance is nearly a tie, at +3.9% for BTT and -0.7% for DEC.
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.
BTT vs DEC: side by side
| BTT (BlackRock Municipal 2030 Target Term Trust) | DEC (Diversified Energy Company) | |
|---|---|---|
| 1-year return | +3.9% | -0.7% |
| 5-year return | -1.1% | n/a |
| Volatility (ann.) | 6.6% | n/a |
| Beta vs S&P 500 | 0.17 | nan |
| Max drawdown (3Y) | -6.5% | -36.6% |
| Market cap | $1.4B | $1.0B |
| P/E (trailing) | 16.4 | 2.5 |
| Dividend yield | 2.46% | 7.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTT | DEC |
|---|---|---|
| 2022 | -15.2% | – |
| 2023 | +0.7% | +inf% |
| 2024 | +1.6% | +30.4% |
| 2025 | +13.7% | -4.7% |
| 2026 | +0.6% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTT and DEC good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BTT and DEC?
The BTT/DEC correlation stands at -0.23 on a 3-year window (1 year: 0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is DEC a good diversifier for BTT?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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/btt-vs-dec.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btt-vs-dec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTT correlations · DEC correlations
