FSP vs FUND: Correlation
Measured on weekly returns over the past three years, Franklin Street Properties Corp. (FSP) and Sprott Focus Trust, Inc. - Closed End Fund (FUND) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSP and FUND?
On 3 years of weekly data the FSP/FUND correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.48 over 3. The 5-year figure is 0.39, and annualized covariance runs at 399.3 %².
In FSP's tracked universe of 10 assets, FUND sits right near the top at #2. The last year tells two different stories: FUND led by 113.7 percentage points, -74.6% for FSP against +39.1% for FUND. One caveat on sizing: FSP is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FSP vs FUND: side by side
| FSP (Franklin Street Properties Corp.) | FUND (Sprott Focus Trust, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | -74.6% | +39.1% |
| 5-year return | -89.6% | +83.0% |
| Volatility (ann.) | 47.1% | 17.9% |
| Beta vs S&P 500 | 1.01 | 0.77 |
| Max drawdown (3Y) | -83.8% | -18.2% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 5.8 |
| Dividend yield | 4.79% | 5.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSP | FUND |
|---|---|---|
| 2022 | -52.3% | -1.2% |
| 2023 | -4.1% | +6.9% |
| 2024 | -27.0% | -1.0% |
| 2025 | -46.8% | +27.5% |
| 2026 | -56.2% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSP and FUND good diversifiers for each other?
Reasonably. At 0.48, FSP and FUND keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FSP and FUND?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.55 over the last year and 0.39 over 5 years.
Is FUND a good diversifier for FSP?
Reasonably. At 0.48, FSP and FUND keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/fsp-vs-fund.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsp-vs-fund/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FSP correlations · FUND correlations
