BXSL vs CCEC: Correlation
Blackstone Secured Lending Fund (BXSL) and Capital Clean Energy Carriers Corp. - Common Share (CCEC) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXSL and CCEC?
On 3 years of weekly data the BXSL/CCEC correlation comes out at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 174.5 %².
Out of 11 assets tracked against BXSL, CCEC lands near the bottom at #7. The trailing year gives CCEC the advantage: -6.3% versus +8.6%, a 14.9-point spread. One caveat on sizing: CCEC is 1.8 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.
BXSL vs CCEC: side by side
| BXSL (Blackstone Secured Lending Fund) | CCEC (Capital Clean Energy Carriers Corp. - Common Share) | |
|---|---|---|
| 1-year return | -6.3% | +8.6% |
| 5-year return | +49.3% | +118.1% |
| Volatility (ann.) | 17.4% | 31.2% |
| Beta vs S&P 500 | 0.45 | 0.35 |
| Max drawdown (3Y) | -24.2% | -28.6% |
| Market cap | $5.8B | $1.4B |
| P/E (trailing) | 19.6 | 13.6 |
| Dividend yield | 12.35% | 2.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXSL | CCEC |
|---|---|---|
| 2022 | -26.0% | -11.8% |
| 2023 | +37.8% | +8.7% |
| 2024 | +29.0% | +33.9% |
| 2025 | -9.4% | +17.0% |
| 2026 | +0.2% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXSL and CCEC good diversifiers for each other?
Reasonably. At 0.32, BXSL and CCEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BXSL and CCEC?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.26 over the last year and 0.25 over 5 years.
Is CCEC a good diversifier for BXSL?
Reasonably. At 0.32, BXSL and CCEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/bxsl-vs-ccec.json
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Related comparisons
Hubs: BXSL correlations · CCEC correlations
