AAPL vs FFA: Correlation
Apple Inc. (AAPL) and First Trust Enhanced Equity Income Fund (FFA) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and FFA?
On 3 years of weekly data the AAPL/FFA correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.52 over 3. The 5-year figure is 0.62, and annualized covariance runs at 212.5 %².
By 3-year correlation, FFA places #13 of the 32 assets tracked against AAPL. Their recent paths diverged sharply: over the last 12 months AAPL outperformed by 19.7 percentage points (+37.0% for AAPL against +17.3% for FFA). Risk is not evenly split, since AAPL carries 1.8 times the volatility of the other side.
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.
AAPL vs FFA: side by side
| AAPL (Apple Inc.) | FFA (First Trust Enhanced Equity Income Fund) | |
|---|---|---|
| 1-year return | +37.0% | +17.3% |
| 5-year return | +110.6% | +54.8% |
| Volatility (ann.) | 27.2% | 14.9% |
| Beta vs S&P 500 | 1.06 | 0.93 |
| Max drawdown (3Y) | -33.4% | -19.9% |
| Market cap | $4,591.0B | $0.5B |
| P/E (trailing) | 36.1 | 5.7 |
| Dividend yield | 0.33% | 6.39% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AAPL | FFA |
|---|---|---|
| 2022 | -26.4% | -20.3% |
| 2023 | +49.0% | +24.7% |
| 2024 | +30.7% | +21.5% |
| 2025 | +9.1% | +14.2% |
| 2026 | +16.0% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAPL and FFA good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AAPL and FFA?
The AAPL/FFA correlation stands at 0.52 on a 3-year window (1 year: 0.47, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is FFA a good diversifier for AAPL?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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/aapl-vs-ffa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aapl-vs-ffa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AAPL correlations · FFA correlations
