FLC vs PERI: Correlation
Flaherty & Crumrine Total Return Fund Inc (FLC) and Perion Network Ltd (PERI) 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 FLC and PERI?
Across a 3-year window, the weekly returns of FLC and PERI correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.39 over 3 years. Stretching to 5 years gives 0.25, with an annualized covariance of 217.5 %².
Within FLC's tracked universe of 22 assets, PERI comes in at #17 by 3-year correlation. Neither side won the trailing year by much: +3.8% against +3.7%. Risk is not evenly split, since PERI carries 4.3 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.
FLC vs PERI: side by side
| FLC (Flaherty & Crumrine Total Return Fund Inc) | PERI (Perion Network Ltd) | |
|---|---|---|
| 1-year return | +3.8% | +3.7% |
| 5-year return | -0.2% | -54.1% |
| Volatility (ann.) | 11.3% | 48.9% |
| Beta vs S&P 500 | 0.48 | 1.06 |
| Max drawdown (3Y) | -10.5% | -80.1% |
| Market cap | $0.2B | $0.4B |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 7.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLC | PERI |
|---|---|---|
| 2022 | -25.1% | +5.2% |
| 2023 | -0.8% | +22.0% |
| 2024 | +23.1% | -72.6% |
| 2025 | +12.4% | +13.1% |
| 2026 | -0.4% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLC and PERI good diversifiers for each other?
Reasonably. At 0.39, FLC and PERI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLC and PERI?
The FLC/PERI correlation stands at 0.39 on a 3-year window (1 year: 0.04, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is PERI a good diversifier for FLC?
Reasonably. At 0.39, FLC and PERI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flc-vs-peri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flc-vs-peri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLC correlations · PERI correlations
