FLC vs PAXS: Correlation
Flaherty & Crumrine Total Return Fund Inc (FLC) and PIMCO Access Income Fund (PAXS) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLC and PAXS?
On 3 years of weekly data the FLC/PAXS correlation comes out at 0.69, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 113.6 %².
Among the 22 assets we track against FLC, PAXS ranks #10 by 3-year correlation. Their 12-month results are close: +3.8% for FLC against -0.3% for PAXS.
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 PAXS: side by side
| FLC (Flaherty & Crumrine Total Return Fund Inc) | PAXS (PIMCO Access Income Fund) | |
|---|---|---|
| 1-year return | +3.8% | -0.3% |
| 5-year return | -0.2% | +20.5% |
| Volatility (ann.) | 11.3% | 14.6% |
| Beta vs S&P 500 | 0.48 | 0.48 |
| Max drawdown (3Y) | -10.5% | -13.4% |
| Market cap | $0.2B | $0.7B |
| P/E (trailing) | 9.3 | 7.7 |
| Dividend yield | 7.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLC | PAXS |
|---|---|---|
| 2022 | -25.1% | – |
| 2023 | -0.8% | +9.3% |
| 2024 | +23.1% | +19.5% |
| 2025 | +12.4% | +12.5% |
| 2026 | -0.4% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLC and PAXS good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FLC and PAXS?
The FLC/PAXS correlation stands at 0.69 on a 3-year window (1 year: 0.75, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is PAXS a good diversifier for FLC?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/flc-vs-paxs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flc-vs-paxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLC correlations · PAXS correlations
