BCRX vs FTF: Correlation
Measured on weekly returns over the past three years, BioCryst Pharmaceuticals, Inc. (BCRX) and Franklin Limited Duration Income Trust (FTF) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCRX and FTF?
Over the past 3 years, BCRX and FTF moved with a correlation of 0.40, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.40 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 173.9 %².
Within BCRX's tracked universe of 11 assets, FTF comes in at #5 by 3-year correlation. On 12-month performance BCRX holds a 14.3-point edge, +15.8% against +1.5%. Note the risk asymmetry: BCRX runs 5.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BCRX vs FTF: side by side
| BCRX (BioCryst Pharmaceuticals, Inc.) | FTF (Franklin Limited Duration Income Trust) | |
|---|---|---|
| 1-year return | +15.8% | +1.5% |
| 5-year return | -37.1% | +10.3% |
| Volatility (ann.) | 47.1% | 9.2% |
| Beta vs S&P 500 | 0.75 | 0.34 |
| Max drawdown (3Y) | -46.0% | -11.6% |
| Market cap | $2.5B | – |
| P/E (trailing) | – | 13.7 |
| Dividend yield | 0.00% | 12.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCRX | FTF |
|---|---|---|
| 2022 | -17.1% | -23.5% |
| 2023 | -47.8% | +12.2% |
| 2024 | +25.5% | +19.6% |
| 2025 | +3.7% | +4.3% |
| 2026 | +26.5% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCRX and FTF good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BCRX and FTF?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.09 over the last year and 0.29 over 5 years.
Is FTF a good diversifier for BCRX?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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
$ curl https://www.pairbook.io/api/v1/pairs/bcrx-vs-ftf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcrx-vs-ftf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCRX correlations · FTF correlations
