DAR vs FUND: Correlation
Measured on weekly returns over the past three years, Darling Ingredients Inc. (DAR) and Sprott Focus Trust, Inc. - Closed End Fund (FUND) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAR and FUND?
Across a 3-year window, the weekly returns of DAR and FUND correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 328.7 %².
In DAR's tracked universe of 13 assets, FUND sits right near the top at #3. Correlation aside, the last 12 months split them widely, with DAR ahead by 39.2 points (+78.3% versus +39.1%). Risk is not evenly split, since DAR carries 2.1 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.
DAR vs FUND: side by side
| DAR (Darling Ingredients Inc.) | FUND (Sprott Focus Trust, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | +78.3% | +39.1% |
| 5-year return | -19.2% | +83.0% |
| Volatility (ann.) | 37.8% | 17.9% |
| Beta vs S&P 500 | 0.63 | 0.77 |
| Max drawdown (3Y) | -56.0% | -18.2% |
| Market cap | $9.7B | $0.3B |
| P/E (trailing) | 16.8 | 5.8 |
| Dividend yield | 0.00% | 5.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAR | FUND |
|---|---|---|
| 2022 | -9.7% | -1.2% |
| 2023 | -20.4% | +6.9% |
| 2024 | -32.4% | -1.0% |
| 2025 | +6.9% | +27.5% |
| 2026 | +70.5% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAR and FUND good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DAR and FUND?
As of 2026-08-27, the correlation of weekly returns between DAR and FUND is 0.49 over 3 years, 0.47 over 1 year and 0.48 over 5 years.
Is FUND a good diversifier for DAR?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/dar-vs-fund.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dar-vs-fund/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DAR correlations · FUND correlations
