FINS vs GIFT: Correlation
How closely do Angel Oak Financial Strategies Income Term Trust (FINS) and Giftify, Inc. (GIFT) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FINS and GIFT?
Across a 3-year window, the weekly returns of FINS and GIFT correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Stretching to 5 years gives -0.01, with an annualized covariance of 175.9 %².
GIFT is close to the least connected end of FINS's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with FINS ahead by 26.2 points (+6.2% versus -20.0%). Risk is not evenly split, since GIFT carries 8.6 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.
FINS vs GIFT: side by side
| FINS (Angel Oak Financial Strategies Income Term Trust) | GIFT (Giftify, Inc.) | |
|---|---|---|
| 1-year return | +6.2% | -20.0% |
| 5-year return | +12.5% | -65.3% |
| Volatility (ann.) | 8.2% | 70.2% |
| Beta vs S&P 500 | 0.28 | 0.42 |
| Max drawdown (3Y) | -6.0% | -83.5% |
| Market cap | $0.4B | – |
| P/E (trailing) | 7.6 | – |
| Dividend yield | 10.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FINS | GIFT |
|---|---|---|
| 2022 | -18.2% | +135.8% |
| 2023 | +2.5% | +182.7% |
| 2024 | +18.3% | -72.7% |
| 2025 | +15.2% | +0.9% |
| 2026 | +2.9% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FINS and GIFT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FINS and GIFT?
As of 2026-08-27, the correlation of weekly returns between FINS and GIFT is 0.31 over 3 years, 0.29 over 1 year and -0.01 over 5 years.
Is GIFT a good diversifier for FINS?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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.
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Related comparisons
Hubs: FINS correlations · GIFT correlations
