BTZ vs DSL: Correlation
BlackRock Credit Allocation Income Trust (BTZ) and DoubleLine Income Solutions Fund (DSL) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTZ and DSL?
On 3 years of weekly data the BTZ/DSL correlation comes out at 0.76, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.76 over 3. The 5-year figure is 0.70, and annualized covariance runs at 106.7 %².
In BTZ's tracked universe of 25 assets, DSL sits right near the top at #3. The trailing year gives BTZ the advantage: +1.6% versus -3.7%, a 5.3-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.
BTZ vs DSL: side by side
| BTZ (BlackRock Credit Allocation Income Trust) | DSL (DoubleLine Income Solutions Fund) | |
|---|---|---|
| 1-year return | +1.6% | -3.7% |
| 5-year return | +5.4% | +5.8% |
| Volatility (ann.) | 11.5% | 12.2% |
| Beta vs S&P 500 | 0.44 | 0.49 |
| Max drawdown (3Y) | -9.3% | -13.5% |
| Market cap | – | $1.2B |
| P/E (trailing) | 9.2 | 33.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTZ | DSL |
|---|---|---|
| 2022 | -27.1% | -22.6% |
| 2023 | +12.8% | +23.4% |
| 2024 | +11.3% | +14.0% |
| 2025 | +13.7% | -0.0% |
| 2026 | +0.1% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTZ and DSL good diversifiers for each other?
To a limited degree. At 0.76 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 BTZ and DSL?
The BTZ/DSL correlation stands at 0.76 on a 3-year window (1 year: 0.69, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is DSL a good diversifier for BTZ?
To a limited degree. At 0.76 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 0.76 mean?
On the −1 to +1 scale, 0.76 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/btz-vs-dsl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btz-vs-dsl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTZ correlations · DSL correlations
