FFA vs SKIL: Correlation
First Trust Enhanced Equity Income Fund (FFA) and Skillsoft Corp. (SKIL) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFA and SKIL?
Across a 3-year window, the weekly returns of FFA and SKIL correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 558.7 %².
SKIL is close to the least connected end of FFA's tracked universe, ranking #16 of 20. Their recent paths diverged sharply: over the last 12 months FFA outperformed by 75.9 percentage points (+17.3% for FFA against -58.6% for SKIL). Risk is not evenly split, since SKIL carries 6.4 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.
FFA vs SKIL: side by side
| FFA (First Trust Enhanced Equity Income Fund) | SKIL (Skillsoft Corp.) | |
|---|---|---|
| 1-year return | +17.3% | -58.6% |
| 5-year return | +54.8% | -96.5% |
| Volatility (ann.) | 14.9% | 95.0% |
| Beta vs S&P 500 | 0.93 | 2.14 |
| Max drawdown (3Y) | -19.9% | -88.5% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 5.7 | – |
| Dividend yield | 6.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFA | SKIL |
|---|---|---|
| 2022 | -20.3% | -85.8% |
| 2023 | +24.7% | -32.4% |
| 2024 | +21.5% | +36.3% |
| 2025 | +14.2% | -61.2% |
| 2026 | +8.9% | -28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFA and SKIL good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FFA and SKIL?
As of 2026-08-27, the correlation of weekly returns between FFA and SKIL is 0.39 over 3 years, 0.43 over 1 year and 0.37 over 5 years.
Is SKIL a good diversifier for FFA?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/ffa-vs-skil.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ffa-vs-skil/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FFA correlations · SKIL correlations
