Pimco Floating Correlations

PFTPX Fund

USD 8.32 0.02 0.24%

The current 90-days correlation between Pimco Floating Income and Gmo Global Equity is 0.18 (i.e., Average diversification). The correlation of Pimco Floating is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Pimco Floating Correlation With Market

Poor diversification

The correlation between Pimco Floating Income and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Floating Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pimco Floating Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Pimco Mutual Fund

0.81	PFCJX	Pimco Preferred And	Pair Corr
0.79	PFATX	Pimco Fundamental	Pair Corr
0.64	PFANX	Pimco Capital Sec	Pair Corr
0.66	PFIAX	Pimco Floating Income	Pair Corr
0.71	PFIIX	Pimco Floating Income	Pair Corr
0.99	PFIUX	Pimco Unconstrained Bond	Pair Corr
0.7	PFINX	Pimco Capital Sec	Pair Corr
0.7	PFMIX	Municipal Bond	Pair Corr
0.99	PFNCX	Pimco Floating Income	Pair Corr
0.85	PFNNX	Pimco Preferred And	Pair Corr
0.66	PFNIX	Pimco Low Duration	Pair Corr
0.9	PFNUX	Pimco Dynamic Bond	Pair Corr
0.88	PFRMX	Pimco Inflation Response	Pair Corr
0.7	PFPNX	Pimco Capital Sec	Pair Corr
0.67	PFSIX	Pimco Emerging Markets	Pair Corr
0.62	PFUUX	Pimco Foreign Bond	Pair Corr
0.62	PFUAX	Foreign Bond	Pair Corr
0.61	PFUPX	Pimco Foreign Bond	Pair Corr
0.93	PGAPX	Pimco Global Multi	Pair Corr
0.9	PXTNX	Pimco Rae Plus	Pair Corr
0.89	PGBIX	Global Bond Fund	Pair Corr
0.93	PGAIX	Pimco Global Multi	Pair Corr

Moving against Pimco Mutual Fund

0.49	PXTIX	Fundamental Indexplus	Pair Corr
0.33	PGOVX	Long Term Government	Pair Corr

Related Correlations Analysis

	MSTGX	DODWX	USLUX	DBIWX	JGECX	CBSYX	GMADX
MSTGX		0.92	0.87	0.96	0.93	0.92	0.98	MSTGX
DODWX	0.92		0.98	0.94	0.97	0.95	0.93	DODWX
USLUX	0.87	0.98		0.89	0.93	0.94	0.89	USLUX
DBIWX	0.96	0.94	0.89		0.93	0.92	0.96	DBIWX
JGECX	0.93	0.97	0.93	0.93		0.93	0.93	JGECX
CBSYX	0.92	0.95	0.94	0.92	0.93		0.94	CBSYX
GMADX	0.98	0.93	0.89	0.96	0.93	0.94		GMADX
	MSTGX	DODWX	USLUX	DBIWX	JGECX	CBSYX	GMADX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Floating Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pimco Floating's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSTGX	0.24	0.03	(0.03)	0.17	0.14	(0.28)	0.51	(0.50)	1.40
DODWX	0.66	0.14	0.19	0.25	0.37	(0.80)	1.28	(0.91)	9.17
USLUX	0.95	0.13	0.13	0.19	0.81	(1.19)	1.84	(1.65)	11.54
DBIWX	0.30	0.01	(0.08)	0.10	0.25	(0.37)	0.70	(0.62)	1.44
JGECX	0.67	0.21	0.22	0.91	0.29	(0.86)	1.49	(1.13)	9.68
CBSYX	0.42	0.04	0.03	0.14	0.32	(0.47)	0.82	(0.74)	5.49
GMADX	0.56	0.09	0.12	0.18	0.46	(0.65)	1.35	(1.10)	3.10

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC