BLW vs FTF: Correlation
Blackrock Limited Duration Income Trust (BLW) and Franklin Limited Duration Income Trust (FTF) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLW and FTF?
On 3 years of weekly data the BLW/FTF correlation comes out at 0.71, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.71 over 3. The 5-year figure is 0.70, and annualized covariance runs at 63.9 %².
Among the 17 assets we track against BLW, FTF ranks #6 by 3-year correlation. Neither side won the trailing year by much: -0.2% against +1.5%.
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.
BLW vs FTF: side by side
| BLW (Blackrock Limited Duration Income Trust) | FTF (Franklin Limited Duration Income Trust) | |
|---|---|---|
| 1-year return | -0.2% | +1.5% |
| 5-year return | +16.7% | +10.3% |
| Volatility (ann.) | 9.8% | 9.2% |
| Beta vs S&P 500 | 0.38 | 0.34 |
| Max drawdown (3Y) | -11.2% | -11.6% |
| Market cap | $0.5B | – |
| P/E (trailing) | 10.4 | 13.7 |
| Dividend yield | 10.69% | 12.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLW | FTF |
|---|---|---|
| 2022 | -15.9% | -23.5% |
| 2023 | +17.3% | +12.2% |
| 2024 | +11.1% | +19.6% |
| 2025 | +7.1% | +4.3% |
| 2026 | -0.8% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLW and FTF good diversifiers for each other?
Only partially. A correlation of 0.71 means BLW and FTF 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 BLW and FTF?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.75 over the last year and 0.70 over 5 years.
Is FTF a good diversifier for BLW?
Only partially. A correlation of 0.71 means BLW and FTF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/blw-vs-ftf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blw-vs-ftf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLW correlations · FTF correlations
