DSL vs WRAP: Correlation
Measured on weekly returns over the past three years, DoubleLine Income Solutions Fund (DSL) and Wrap Technologies, Inc. (WRAP) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and WRAP?
On 3 years of weekly data the DSL/WRAP correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.25 over 1 year against 0.35 over 3. The 5-year figure is 0.31, and annualized covariance runs at 448.6 %².
Out of 30 assets tracked against DSL, WRAP lands near the bottom at #27. The last year tells two different stories: WRAP led by 34.0 percentage points, -3.7% for DSL against +30.3% for WRAP. Risk is not evenly split, since WRAP carries 8.7 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.
DSL vs WRAP: side by side
| DSL (DoubleLine Income Solutions Fund) | WRAP (Wrap Technologies, Inc.) | |
|---|---|---|
| 1-year return | -3.7% | +30.3% |
| 5-year return | +5.8% | -77.2% |
| Volatility (ann.) | 12.2% | 106.0% |
| Beta vs S&P 500 | 0.49 | 2.11 |
| Max drawdown (3Y) | -13.5% | -76.8% |
| Market cap | $1.2B | $0.1B |
| P/E (trailing) | 33.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | WRAP |
|---|---|---|
| 2022 | -22.6% | -57.0% |
| 2023 | +23.4% | +83.4% |
| 2024 | +14.0% | -31.6% |
| 2025 | -0.0% | +12.3% |
| 2026 | +2.1% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and WRAP good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DSL and WRAP?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.25 over the last year and 0.31 over 5 years.
Is WRAP a good diversifier for DSL?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/dsl-vs-wrap.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dsl-vs-wrap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DSL correlations · WRAP correlations
