BEN vs NFJ: Correlation
Measured on weekly returns over the past three years, Franklin Resources (BEN) and Virtus Dividend, Interest & Premium Strategy Fund (NFJ) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEN and NFJ?
Over the past 3 years, BEN and NFJ moved with a correlation of 0.63, which is strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 242.3 %².
Few assets follow BEN as closely as NFJ, which ranks #2 of 28 tracked partners. Over the last 12 months BEN came out ahead by 12.0 percentage points (+43.0% against +31.0%). Risk is not evenly split, since BEN carries 2.0 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.
BEN vs NFJ: side by side
| BEN (Franklin Resources) | NFJ (Virtus Dividend, Interest & Premium Strategy Fund) | |
|---|---|---|
| 1-year return | +43.0% | +31.0% |
| 5-year return | +37.6% | +50.8% |
| Volatility (ann.) | 27.9% | 13.8% |
| Beta vs S&P 500 | 1.01 | 0.73 |
| Max drawdown (3Y) | -40.0% | -17.0% |
| Market cap | $17.7B | $1.5B |
| P/E (trailing) | 23.8 | 9.8 |
| Dividend yield | 3.74% | 7.83% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BEN | NFJ |
|---|---|---|
| 2022 | -17.5% | -23.9% |
| 2023 | +17.0% | +21.3% |
| 2024 | -27.2% | +10.0% |
| 2025 | +24.8% | +12.4% |
| 2026 | +49.4% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN and NFJ good diversifiers for each other?
Only partially. A correlation of 0.63 means BEN and NFJ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BEN and NFJ?
The BEN/NFJ correlation stands at 0.63 on a 3-year window (1 year: 0.59, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is NFJ a good diversifier for BEN?
Only partially. A correlation of 0.63 means BEN and NFJ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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/ben-vs-nfj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ben-vs-nfj/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEN correlations · NFJ correlations
