BTX vs BYFC: Correlation
Measured on weekly returns over the past three years, BlackRock Technology and Private Equity Term Trust (BTX) and Broadway Financial Corporation (BYFC) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTX and BYFC?
Over the past 3 years, BTX and BYFC moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.25 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 381.4 %².
BYFC is close to the least connected end of BTX's tracked universe, ranking #16 of 20. Correlation aside, the last 12 months split them widely, with BYFC ahead by 15.3 points (+39.5% versus +54.8%). One caveat on sizing: BYFC is 1.9 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.
BTX vs BYFC: side by side
| BTX (BlackRock Technology and Private Equity Term Trust) | BYFC (Broadway Financial Corporation) | |
|---|---|---|
| 1-year return | +39.5% | +54.8% |
| 5-year return | -21.7% | -59.2% |
| Volatility (ann.) | 24.4% | 47.2% |
| Beta vs S&P 500 | 1.23 | 0.86 |
| Max drawdown (3Y) | -31.7% | -43.5% |
| Market cap | $1.1B | $0.1B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTX | BYFC |
|---|---|---|
| 2022 | -47.8% | -56.3% |
| 2023 | +19.3% | -16.0% |
| 2024 | +13.4% | +0.9% |
| 2025 | +0.9% | +8.0% |
| 2026 | +45.3% | +62.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTX and BYFC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BTX and BYFC?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.25 over the last year and 0.31 over 5 years.
Is BYFC a good diversifier for BTX?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btx-vs-byfc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btx-vs-byfc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTX correlations · BYFC correlations
