LOOP vs PPT: Correlation
Loop Industries, Inc. (LOOP) and Franklin Premier Income Trust Shares of Beneficial Interest (PPT) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOOP and PPT?
On 3 years of weekly data the LOOP/PPT correlation comes out at 0.29, weak. Recent behaviour matches the longer record: 0.35 over 1 year against 0.29 over 3. The 5-year figure is 0.14, and annualized covariance runs at 185.9 %².
By 3-year correlation, PPT places #5 of the 11 assets tracked against LOOP. Correlation aside, the last 12 months split them widely, with PPT ahead by 65.3 points (-62.9% versus +2.4%). One caveat on sizing: LOOP is 8.6 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.
LOOP vs PPT: side by side
| LOOP (Loop Industries, Inc.) | PPT (Franklin Premier Income Trust Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -62.9% | +2.4% |
| 5-year return | -93.8% | +15.6% |
| Volatility (ann.) | 73.7% | 8.6% |
| Beta vs S&P 500 | 0.96 | 0.24 |
| Max drawdown (3Y) | -87.5% | -5.9% |
| Market cap | – | – |
| P/E (trailing) | – | 11.1 |
| Dividend yield | 0.00% | 9.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOOP | PPT |
|---|---|---|
| 2022 | -80.5% | -7.7% |
| 2023 | +58.2% | +7.4% |
| 2024 | -68.3% | +8.8% |
| 2025 | -16.7% | +8.4% |
| 2026 | -44.3% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOOP and PPT good diversifiers for each other?
Reasonably. At 0.29, LOOP and PPT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LOOP and PPT?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.35 over the last year and 0.14 over 5 years.
Is PPT a good diversifier for LOOP?
Reasonably. At 0.29, LOOP and PPT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/loop-vs-ppt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/loop-vs-ppt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LOOP correlations · PPT correlations
