Blackstone Strategic Credit 2027 Term Fund (BGB) — Stock Correlations & Overview
Over the past year, BGB has moved most closely with HYI, BGX, FMAR. Explore the stocks most correlated and inversely correlated with BGB below, along with its price, financials, and company profile.
Stocks correlated with BGB
Correlation of daily returns. Higher positive values move with BGB; negative values move opposite it. Informational only, not investment advice.
Most correlated with BGB
| Symbol | Company | Correlation |
|---|---|---|
| HYI | Western Asset High Yield Opportunity Fund Inc. | 0.60 |
| BGX | Blackstone Long-Short Credit Income Fund | 0.56 |
| FMAR | FT Vest U.S. Equity Buffer ETF - March | 0.56 |
| BSL | Blackstone Senior Floating Rate 2027 Term Fund | 0.55 |
| DDTO | Innovator Equity Dual Directional 10 Buffer ETF - October | 0.54 |
Frequently asked questions about BGB correlations
- Which stocks are most correlated with BGB?
- Based on one year of daily returns, the stocks most correlated with Blackstone Strategic Credit 2027 Term Fund (BGB) are HYI (0.60), BGX (0.56) and FMAR (0.56). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BGB?
- Over the past year, the stocks most inversely correlated with Blackstone Strategic Credit 2027 Term Fund (BGB) are SPXU (-0.48), SDS (-0.48) and SPXS (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BGB correlations calculated?
- We compute the correlation of daily returns between BGB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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