PPT vs VLT: Correlation
Franklin Premier Income Trust Shares of Beneficial Interest (PPT) and Invesco High Income Trust II (VLT) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPT and VLT?
Over the past 3 years, PPT and VLT moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 56.2 %².
VLT is one of the assets that tracks PPT most closely: it ranks #3 out of the 12 assets we track against PPT. Twelve-month performance is nearly a tie, at +2.4% for PPT and -1.3% for VLT.
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.
PPT vs VLT: side by side
| PPT (Franklin Premier Income Trust Shares of Beneficial Interest) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | +2.4% | -1.3% |
| 5-year return | +15.6% | +12.4% |
| Volatility (ann.) | 8.6% | 10.0% |
| Beta vs S&P 500 | 0.24 | 0.47 |
| Max drawdown (3Y) | -5.9% | -13.4% |
| Market cap | – | – |
| P/E (trailing) | 11.1 | 13.9 |
| Dividend yield | 9.07% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PPT | VLT |
|---|---|---|
| 2022 | -7.7% | -20.9% |
| 2023 | +7.4% | +13.1% |
| 2024 | +8.8% | +17.3% |
| 2025 | +8.4% | +13.2% |
| 2026 | +3.4% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPT and VLT good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PPT and VLT?
As of 2026-08-27, the correlation of weekly returns between PPT and VLT is 0.65 over 3 years, 0.63 over 1 year and 0.55 over 5 years.
Is VLT a good diversifier for PPT?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/ppt-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ppt-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PPT correlations · VLT correlations
