PIMCO EMERGING Correlations

PELAX Fund

USD 6.16 0.01 0.16%

Current 90-days correlation between PIMCO Emerging Local and George Putnam Fund is 0.17 (i.e., Good diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

Market Correlation Signal - PIMCO EMERGING

Very poor diversification

For the present investment horizon, the measured correlation between PIMCO EMERGING and Dow Jones stands at 0.82, or Very poor diversification. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Review Your Equity Center for context on portfolio diversification. The diversification view provides additional analytical depth. Tracking PIMCO Emerging Local in a portfolio provides context for performance attribution. Sector and industry exposure becomes visible in the portfolio breakdown. Broader economic conditions can influence PIMCO Emerging Local's mutual fund valuation — related indicators include signals in nation.

Moving together with PIMCO Mutual Fund

0.89	PFBPX	PIMCO Foreign Bond	Pair Corr
0.89	PFCJX	PIMCO Preferred And	Pair Corr
0.84	PFIAX	PIMCO Floating Income	Pair Corr
0.88	PFIIX	PIMCO Floating Income	Pair Corr
0.66	PFMIX	Municipal Bond	Pair Corr
0.89	PFONX	PIMCO International Bond	Pair Corr
0.89	PFORX	PIMCO Foreign Bond	Pair Corr
0.88	PFNIX	PIMCO Low Duration	Pair Corr
0.93	PFNUX	PIMCO Dynamic Bond	Pair Corr
0.83	PFOAX	PIMCO Foreign Bond	Pair Corr
0.83	PFOCX	PIMCO Foreign Bond	Pair Corr
0.92	PFRCX	Foreign Bond	Pair Corr
0.87	PFPNX	PIMCO Capital Sec	Pair Corr
0.89	PFRRX	PIMCO Foreign Bond	Pair Corr
0.99	PFSIX	PIMCO Emerging Markets	Pair Corr
0.96	PFUUX	PIMCO Foreign Bond	Pair Corr
0.93	PFUAX	Foreign Bond	Pair Corr
0.96	PFUNX	PIMCO International Bond	Pair Corr
0.96	PFUPX	PIMCO Foreign Bond	Pair Corr
0.81	PGAPX	PIMCO Global Multi	Pair Corr
0.86	PGBIX	Global Bond Fund	Pair Corr
0.85	PGNPX	PIMCO Global Bond	Pair Corr
0.82	PGMCX	PIMCO Global Multi	Pair Corr
0.9	PGSAX	PIMCO Global Advantage	Pair Corr
0.83	PHDAX	High Yield Fund	Pair Corr
0.83	PHDCX	High Yield Fund	Pair Corr
0.85	PDI	PIMCO Dynamic Income	Pair Corr
0.87	PHLPX	PIMCO High Yield	Pair Corr
0.87	PHNNX	PIMCO High Yield	Pair Corr

Related Correlations Analysis

	PSPAX	GSHIX	DUSQX	ARTOX	CFSIX	GERIX	FSRPX	BREIX	IALAX	PGEOX
PSPAX		0.75	0.86	0.66	0.53	0.14	0.8	0.81	0.44	0.95	PSPAX
GSHIX	0.75		0.85	0.88	0.09	0.54	0.8	0.74	-0.07	0.83	GSHIX
DUSQX	0.86	0.85		0.85	0.44	0.33	0.84	0.88	0.24	0.86	DUSQX
ARTOX	0.66	0.88	0.85		-0.05	0.7	0.67	0.71	-0.21	0.81	ARTOX
CFSIX	0.53	0.09	0.44	-0.05		-0.63	0.43	0.52	0.94	0.3	CFSIX
GERIX	0.14	0.54	0.33	0.7	-0.63		0.23	0.13	-0.73	0.39	GERIX
FSRPX	0.8	0.8	0.84	0.67	0.43	0.23		0.89	0.31	0.74	FSRPX
BREIX	0.81	0.74	0.88	0.71	0.52	0.13	0.89		0.41	0.75	BREIX
IALAX	0.44	-0.07	0.24	-0.21	0.94	-0.73	0.31	0.41		0.21	IALAX
PGEOX	0.95	0.83	0.86	0.81	0.3	0.39	0.74	0.75	0.21		PGEOX
	PSPAX	GSHIX	DUSQX	ARTOX	CFSIX	GERIX	FSRPX	BREIX	IALAX	PGEOX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PGEOX	+ 0.95	PSPAX
IALAX	+ 0.94	CFSIX
BREIX	+ 0.89	FSRPX
ARTOX	+ 0.88	GSHIX
BREIX	+ 0.88	DUSQX
DUSQX	+ 0.86	PSPAX

High negative correlations

IALAX	- 0.73	GERIX
GERIX	- 0.63	CFSIX
IALAX	- 0.21	ARTOX
IALAX	- 0.07	GSHIX
CFSIX	- 0.05	ARTOX

Risk-Adjusted Indicators

Strong recent returns in PIMCO Mutual Fund do not always mean PIMCO EMERGING Mutual Fund is outperforming peers on business quality. Risk-adjusted metrics help compare PIMCO EMERGING's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PSPAX	0.64	-0.06	0.00	0.17	0.00	0.00	1.08	-1.54	4.88
GSHIX	0.14	-0.01	0.00	-0.11	0.00	0.00	0.36	-0.36	1.07
DUSQX	0.58	0.01	0.00	-0.04	0.00	0.00	1.04	-1.48	3.49
ARTOX	0.30	0.01	0.00	-0.04	0.00	0.00	0.57	-0.86	2.13
CFSIX	1.10	-0.13	0.00	-0.18	0.00	0.00	1.94	-2.75	5.89
GERIX	0.98	0.22	0.15	0.17	1.31	-1.10	2.05	-2.15	7.86
FSRPX	0.74	-0.01	0.00	-0.07	0.00	0.00	1.67	-1.62	4.39
BREIX	0.84	-0.03	0.00	-0.08	0.00	0.00	1.59	-1.79	5.03
IALAX	1.56	-0.26	0.00	0.32	0.00	0.00	2.87	-3.38	10.51
PGEOX	0.39	-0.03	0.00	0.16	0.00	0.00	0.79	-1.04	2.43

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