FT vs ZTS: Correlation
Franklin Universal Trust (FT) and Zoetis (ZTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FT and ZTS?
Across a 3-year window, the weekly returns of FT and ZTS correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 134.3 %².
By 3-year correlation, ZTS places #7 of the 12 assets tracked against FT. Correlation aside, the last 12 months split them widely, with FT ahead by 55.6 points (+4.8% versus -50.8%). One caveat on sizing: ZTS is 2.9 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.
FT vs ZTS: side by side
| FT (Franklin Universal Trust) | ZTS (Zoetis) | |
|---|---|---|
| 1-year return | +4.8% | -50.8% |
| 5-year return | +31.6% | -61.5% |
| Volatility (ann.) | 10.5% | 30.1% |
| Beta vs S&P 500 | 0.32 | 0.51 |
| Max drawdown (3Y) | -10.6% | -63.0% |
| Market cap | – | $31.0B |
| P/E (trailing) | 6.0 | 12.7 |
| Dividend yield | 6.58% | 2.66% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | FT | ZTS |
|---|---|---|
| 2022 | -14.0% | -39.5% |
| 2023 | +6.6% | +35.9% |
| 2024 | +18.4% | -16.6% |
| 2025 | +17.0% | -21.8% |
| 2026 | +1.1% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FT and ZTS good diversifiers for each other?
Reasonably. At 0.42, FT and ZTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FT and ZTS?
As of 2026-08-27, the correlation of weekly returns between FT and ZTS is 0.42 over 3 years, 0.43 over 1 year and 0.38 over 5 years.
Is ZTS a good diversifier for FT?
Reasonably. At 0.42, FT and ZTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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/ft-vs-zts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ft-vs-zts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FT correlations · ZTS correlations
