BTZ vs RA: Correlation
Measured on weekly returns over the past three years, BlackRock Credit Allocation Income Trust (BTZ) and Brookfield Real Assets Income Fund Inc. (RA) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTZ and RA?
Over the past 3 years, BTZ and RA moved with a correlation of 0.63, which is strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 63.8 %².
By 3-year correlation, RA places #17 of the 25 assets tracked against BTZ. Their 12-month results are close: +1.6% for BTZ against +4.6% for RA.
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 RA: side by side
| BTZ (BlackRock Credit Allocation Income Trust) | RA (Brookfield Real Assets Income Fund Inc.) | |
|---|---|---|
| 1-year return | +1.6% | +4.6% |
| 5-year return | +5.4% | +3.5% |
| Volatility (ann.) | 11.5% | 8.8% |
| Beta vs S&P 500 | 0.44 | 0.32 |
| Max drawdown (3Y) | -9.3% | -27.7% |
| Market cap | – | $0.7B |
| P/E (trailing) | 9.2 | 11.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTZ | RA |
|---|---|---|
| 2022 | -27.1% | -13.5% |
| 2023 | +12.8% | -9.0% |
| 2024 | +11.3% | +15.9% |
| 2025 | +13.7% | +8.3% |
| 2026 | +0.1% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTZ and RA good diversifiers for each other?
Only partially. A correlation of 0.63 means BTZ and RA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BTZ and RA?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.67 over the last year and 0.34 over 5 years.
Is RA a good diversifier for BTZ?
Only partially. A correlation of 0.63 means BTZ and RA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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-ra.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btz-vs-ra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BTZ correlations · RA correlations
