DSL vs HYT: Correlation
How closely do DoubleLine Income Solutions Fund (DSL) and Blackrock Corporate High Yield Fund, Inc. (HYT) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and HYT?
On 3 years of weekly data the DSL/HYT correlation comes out at 0.75, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.75 over 3. The 5-year figure is 0.66, and annualized covariance runs at 105.8 %².
Among the 30 assets we track against DSL, HYT ranks #8 by 3-year correlation. Twelve-month performance is nearly a tie, at -3.7% for DSL and -1.6% for HYT.
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.
DSL vs HYT: side by side
| DSL (DoubleLine Income Solutions Fund) | HYT (Blackrock Corporate High Yield Fund, Inc.) | |
|---|---|---|
| 1-year return | -3.7% | -1.6% |
| 5-year return | +5.8% | +7.9% |
| Volatility (ann.) | 12.2% | 11.6% |
| Beta vs S&P 500 | 0.49 | 0.52 |
| Max drawdown (3Y) | -13.5% | -14.0% |
| Market cap | $1.2B | $1.4B |
| P/E (trailing) | 33.2 | 9.1 |
| Dividend yield | 0.00% | 11.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | HYT |
|---|---|---|
| 2022 | -22.6% | -22.6% |
| 2023 | +23.4% | +19.9% |
| 2024 | +14.0% | +14.4% |
| 2025 | -0.0% | +0.0% |
| 2026 | +2.1% | +0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and HYT good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DSL and HYT?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.66 over the last year and 0.66 over 5 years.
Is HYT a good diversifier for DSL?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsl-vs-hyt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dsl-vs-hyt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSL correlations · HYT correlations
