FKWL vs GUT: Correlation
Measured on weekly returns over the past three years, Franklin Wireless Corp. (FKWL) and Gabelli Utility Trust (The) (GUT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FKWL and GUT?
On 3 years of weekly data the FKWL/GUT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.12) than the 3-year average (-0.22). The 5-year figure is -0.10, and annualized covariance runs at -162.2 %².
Among the 11 assets we track against FKWL, GUT sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months GUT outperformed by 59.9 percentage points (-41.4% for FKWL against +18.5% for GUT). Risk is not evenly split, since FKWL carries 1.6 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.
FKWL vs GUT: side by side
| FKWL (Franklin Wireless Corp.) | GUT (Gabelli Utility Trust (The)) | |
|---|---|---|
| 1-year return | -41.4% | +18.5% |
| 5-year return | -69.6% | +29.5% |
| Volatility (ann.) | 33.9% | 21.5% |
| Beta vs S&P 500 | 0.02 | 0.37 |
| Max drawdown (3Y) | -67.3% | -28.7% |
| Market cap | – | – |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.00% | 9.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FKWL | GUT |
|---|---|---|
| 2022 | +2.1% | -1.1% |
| 2023 | -24.0% | -21.1% |
| 2024 | +44.5% | +6.0% |
| 2025 | -10.1% | +33.1% |
| 2026 | -43.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FKWL and GUT good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FKWL and GUT?
As of 2026-08-27, the correlation of weekly returns between FKWL and GUT is -0.22 over 3 years, 0.12 over 1 year and -0.10 over 5 years.
Is GUT a good diversifier for FKWL?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FKWL correlations · GUT correlations
