FLC vs FTF: Correlation
Measured on weekly returns over the past three years, Flaherty & Crumrine Total Return Fund Inc (FLC) and Franklin Limited Duration Income Trust (FTF) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLC and FTF?
Over the past 3 years, FLC and FTF moved with a correlation of 0.70, which is strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 72.9 %².
By 3-year correlation, FTF places #7 of the 22 assets tracked against FLC. Neither side won the trailing year by much: +3.8% against +1.5%.
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.
FLC vs FTF: side by side
| FLC (Flaherty & Crumrine Total Return Fund Inc) | FTF (Franklin Limited Duration Income Trust) | |
|---|---|---|
| 1-year return | +3.8% | +1.5% |
| 5-year return | -0.2% | +10.3% |
| Volatility (ann.) | 11.3% | 9.2% |
| Beta vs S&P 500 | 0.48 | 0.34 |
| Max drawdown (3Y) | -10.5% | -11.6% |
| Market cap | $0.2B | – |
| P/E (trailing) | 9.3 | 13.7 |
| Dividend yield | 7.25% | 12.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLC | FTF |
|---|---|---|
| 2022 | -25.1% | -23.5% |
| 2023 | -0.8% | +12.2% |
| 2024 | +23.1% | +19.6% |
| 2025 | +12.4% | +4.3% |
| 2026 | -0.4% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLC and FTF good diversifiers for each other?
Only partially. A correlation of 0.70 means FLC and FTF 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 FLC and FTF?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.69 over the last year and 0.57 over 5 years.
Is FTF a good diversifier for FLC?
Only partially. A correlation of 0.70 means FLC and FTF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 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/flc-vs-ftf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flc-vs-ftf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLC correlations · FTF correlations
