BTZ vs MMT: Correlation
BlackRock Credit Allocation Income Trust (BTZ) and Aberdeen Multi-Market Income Fund (MMT) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTZ and MMT?
On 3 years of weekly data the BTZ/MMT correlation comes out at 0.68, strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 65.6 %².
Within BTZ's tracked universe of 25 assets, MMT comes in at #12 by 3-year correlation. Neither side won the trailing year by much: +1.6% against +3.2%.
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 MMT: side by side
| BTZ (BlackRock Credit Allocation Income Trust) | MMT (Aberdeen Multi-Market Income Fund) | |
|---|---|---|
| 1-year return | +1.6% | +3.2% |
| 5-year return | +5.4% | +5.0% |
| Volatility (ann.) | 11.5% | 8.4% |
| Beta vs S&P 500 | 0.44 | 0.27 |
| Max drawdown (3Y) | -9.3% | -7.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | 9.2 | 11.7 |
| Dividend yield | 0.00% | 9.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTZ | MMT |
|---|---|---|
| 2022 | -27.1% | -23.0% |
| 2023 | +12.8% | +10.1% |
| 2024 | +11.3% | +12.5% |
| 2025 | +13.7% | +8.1% |
| 2026 | +0.1% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTZ and MMT good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BTZ and MMT?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.59 over the last year and 0.66 over 5 years.
Is MMT a good diversifier for BTZ?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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-mmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btz-vs-mmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTZ correlations · MMT correlations
