DSL vs FLC: Correlation
How closely do DoubleLine Income Solutions Fund (DSL) and Flaherty & Crumrine Total Return Fund Inc (FLC) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and FLC?
Across a 3-year window, the weekly returns of DSL and FLC correlate at 0.77, strong. The link has loosened recently: the 1-year correlation (0.62) runs below the 3-year figure (0.77). Stretching to 5 years gives 0.67, with an annualized covariance of 107.0 %².
In DSL's tracked universe of 30 assets, FLC sits right near the top at #2. The trailing year gives FLC the advantage: -3.7% versus +3.8%, a 7.5-point spread.
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 FLC: side by side
| DSL (DoubleLine Income Solutions Fund) | FLC (Flaherty & Crumrine Total Return Fund Inc) | |
|---|---|---|
| 1-year return | -3.7% | +3.8% |
| 5-year return | +5.8% | -0.2% |
| Volatility (ann.) | 12.2% | 11.3% |
| Beta vs S&P 500 | 0.49 | 0.48 |
| Max drawdown (3Y) | -13.5% | -10.5% |
| Market cap | $1.2B | $0.2B |
| P/E (trailing) | 33.2 | 9.3 |
| Dividend yield | 0.00% | 7.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | FLC |
|---|---|---|
| 2022 | -22.6% | -25.1% |
| 2023 | +23.4% | -0.8% |
| 2024 | +14.0% | +23.1% |
| 2025 | -0.0% | +12.4% |
| 2026 | +2.1% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and FLC good diversifiers for each other?
Only partially. A correlation of 0.77 means DSL and FLC 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 DSL and FLC?
As of 2026-08-27, the correlation of weekly returns between DSL and FLC is 0.77 over 3 years, 0.62 over 1 year and 0.67 over 5 years.
Is FLC a good diversifier for DSL?
Only partially. A correlation of 0.77 means DSL and FLC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
A reading of 0.77 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/dsl-vs-flc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dsl-vs-flc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DSL correlations · FLC correlations
