DSL vs FINS: Correlation
DoubleLine Income Solutions Fund (DSL) and Angel Oak Financial Strategies Income Term Trust (FINS) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and FINS?
On 3 years of weekly data the DSL/FINS correlation comes out at 0.62, strong. Lately the two have moved closer together, with the 1-year correlation at 0.75 versus 0.62 over 3 years. The 5-year figure is 0.49, and annualized covariance runs at 62.0 %².
By 3-year correlation, FINS places #20 of the 30 assets tracked against DSL. On 12-month performance FINS holds a 9.9-point edge, -3.7% against +6.2%.
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.
DSL vs FINS: side by side
| DSL (DoubleLine Income Solutions Fund) | FINS (Angel Oak Financial Strategies Income Term Trust) | |
|---|---|---|
| 1-year return | -3.7% | +6.2% |
| 5-year return | +5.8% | +12.5% |
| Volatility (ann.) | 12.2% | 8.2% |
| Beta vs S&P 500 | 0.49 | 0.28 |
| Max drawdown (3Y) | -13.5% | -6.0% |
| Market cap | $1.2B | $0.4B |
| P/E (trailing) | 33.2 | 7.6 |
| Dividend yield | 0.00% | 10.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | FINS |
|---|---|---|
| 2022 | -22.6% | -18.2% |
| 2023 | +23.4% | +2.5% |
| 2024 | +14.0% | +18.3% |
| 2025 | -0.0% | +15.2% |
| 2026 | +2.1% | +2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and FINS good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DSL and FINS?
The DSL/FINS correlation stands at 0.62 on a 3-year window (1 year: 0.75, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is FINS a good diversifier for DSL?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 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/dsl-vs-fins.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsl-vs-fins/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DSL correlations · FINS correlations
