Almost all low-mass black hole X-ray binaries are transient sources. Most of these sources show a hysteresis: they evolve from the low-hard state through intermediate state(s) into the high-soft state and then return to the hard state at lower luminosity, again passing through the intermediate states. However, there are outbursts that remain in the hard state (so called "failed" outbursts). While mean X-ray spectra allow us to study the time-averaged spectral shape, we need to make use of "variability spectra," like, for example, covariance spectra, to investigate the variability of individual spectral components on different time scales. Comprehensive studies of covariance spectra of a sample of black hole X-ray binaries observed in the low-hard state of "normal" outbursts revealed an increase of the covariance ratios toward lower energies that has been interpreted as the sign of additional disk variability on long time scales. In the case of GX 339-4, we found that the covariance ratio increases and steeps during outburst decay, consistent with increased disk instabilities. There are two sources (H 1743-322 and GS 1354-64) that do not show an increase toward lower energies in their covariance ratio. We show that there is no correlation between the shape of the covariance ratio and the amount of fractional rms variability. Both these sources have been observed during "failed" outbursts and their photon indices are at the hard end of the photon index range usually observed in black hole X-ray binaries. KEYWORD accretion -accretion disks -binaries: close -black hole physics -X-rays: binaries 1