CII vs TSI: Correlation
Measured on weekly returns over the past three years, BlackRock Enhanced Large Cap Core Fund, Inc. (CII) and TCW Strategic Income Fund, Inc. (TSI) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CII and TSI?
On 3 years of weekly data the CII/TSI correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 63.0 %².
Among the 12 assets we track against CII, TSI sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with CII ahead by 33.9 points (+31.0% versus -2.9%). One caveat on sizing: CII is 2.6 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.
CII vs TSI: side by side
| CII (BlackRock Enhanced Large Cap Core Fund, Inc.) | TSI (TCW Strategic Income Fund, Inc.) | |
|---|---|---|
| 1-year return | +31.0% | -2.9% |
| 5-year return | +85.9% | +12.9% |
| Volatility (ann.) | 17.7% | 6.9% |
| Beta vs S&P 500 | 0.97 | 0.21 |
| Max drawdown (3Y) | -21.1% | -8.3% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | 4.8 | 10.7 |
| Dividend yield | 8.38% | 5.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CII | TSI |
|---|---|---|
| 2022 | -13.2% | -12.8% |
| 2023 | +18.5% | +7.1% |
| 2024 | +12.7% | +13.5% |
| 2025 | +37.8% | +9.7% |
| 2026 | +11.2% | -6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CII and TSI good diversifiers for each other?
To a limited degree. At 0.52 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 CII and TSI?
As of 2026-08-27, the correlation of weekly returns between CII and TSI is 0.52 over 3 years, 0.53 over 1 year and 0.48 over 5 years.
Is TSI a good diversifier for CII?
To a limited degree. At 0.52 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 0.52 mean?
On the −1 to +1 scale, 0.52 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
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Related comparisons
Hubs: CII correlations · TSI correlations
