DDT vs FLC: Correlation
Measured on weekly returns over the past three years, Dillard's Capital Trust I (DDT) and Flaherty & Crumrine Total Return Fund Inc (FLC) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDT and FLC?
On 3 years of weekly data the DDT/FLC correlation comes out at 0.37, moderate. The link has loosened recently: the 1-year correlation (-0.00) runs below the 3-year figure (0.37). The 5-year figure is 0.34, and annualized covariance runs at 26.0 %².
Within DDT's tracked universe of 12 assets, FLC comes in at #4 by 3-year correlation. Neither side won the trailing year by much: +8.3% against +3.8%. One caveat on sizing: FLC is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DDT vs FLC: side by side
| DDT (Dillard's Capital Trust I) | FLC (Flaherty & Crumrine Total Return Fund Inc) | |
|---|---|---|
| 1-year return | +8.3% | +3.8% |
| 5-year return | +43.4% | -0.2% |
| Volatility (ann.) | 6.1% | 11.3% |
| Beta vs S&P 500 | 0.11 | 0.48 |
| Max drawdown (3Y) | -4.6% | -10.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 9.3 |
| Dividend yield | – | 7.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDT | FLC |
|---|---|---|
| 2022 | -3.3% | -25.1% |
| 2023 | +9.8% | -0.8% |
| 2024 | +7.4% | +23.1% |
| 2025 | +9.5% | +12.4% |
| 2026 | +6.0% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDT and FLC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DDT and FLC?
The DDT/FLC correlation stands at 0.37 on a 3-year window (1 year: -0.00, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is FLC a good diversifier for DDT?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/ddt-vs-flc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ddt-vs-flc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DDT correlations · FLC correlations
