Which stocks are most correlated with FTF?

Based on one year of daily returns, the stocks most correlated with Franklin Limited Duration Income Trust Common Shrs. of Beneficial Interest (FTF) are DFP (0.60), HYI (0.60) and TEI (0.56). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with FTF?

Over the past year, the stocks most inversely correlated with Franklin Limited Duration Income Trust Common Shrs. of Beneficial Interest (FTF) are SPXU (-0.43), SDS (-0.43) and EFU (-0.42). A negative correlation means the two stocks have tended to move in opposite directions.

Franklin Limited Duration Income Trust Common Shrs. of Beneficial Interest (FTF) — Stock Correlations & Overview

Over the past year, FTF has moved most closely with DFP, HYI, TEI. Explore the stocks most correlated and inversely correlated with FTF below, along with its price, financials, and company profile.

Stocks correlated with FTF

Correlation of daily returns. Higher positive values move with FTF; negative values move opposite it. Informational only, not investment advice.

Most correlated with FTF

Symbol	Company	Correlation
DFP	FLAHERTY & CRUMRINE DYNAMIC PREFERRED AND INCOME FUND INCORPORATED	0.60
HYI	Western Asset High Yield Opportunity Fund Inc.	0.60
TEI	Templeton Emerging Markets Income Fund	0.56
CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	0.55
EAD	Allspring Income Opportunities Fund	0.54

Most inversely correlated with FTF

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.43
SDS	ProShares UltraShort S&P500	-0.43
EFU	ProShares Trust UltraShort MSCI EAFE	-0.42
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.42
SH	ProShares Short S&P500	-0.42

Frequently asked questions about FTF correlations

Which stocks are most correlated with FTF?: Based on one year of daily returns, the stocks most correlated with Franklin Limited Duration Income Trust Common Shrs. of Beneficial Interest (FTF) are DFP (0.60), HYI (0.60) and TEI (0.56). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with FTF?: Over the past year, the stocks most inversely correlated with Franklin Limited Duration Income Trust Common Shrs. of Beneficial Interest (FTF) are SPXU (-0.43), SDS (-0.43) and EFU (-0.42). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these FTF correlations calculated?: We compute the correlation of daily returns between FTF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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