PIMCO ETF Correlations

LONZ Etf

USD 51.14 0.07 0.14%

The current 90-days correlation between PIMCO ETF Trust and VanEck ETF Trust is 0.17 (i.e., Average diversification). The correlation of PIMCO ETF 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 ETF Correlation With Market

Significant diversification

The correlation between PIMCO ETF Trust and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PIMCO ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in PIMCO ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy PIMCO Etf please use our How to Invest in PIMCO ETF guide.

Moving together with PIMCO Etf

0.98	SRLN	SPDR Blackstone Senior Sell-off Trend	Pair Corr
0.98	FTSL	First Trust Senior	Pair Corr
0.98	FLBL	Franklin Liberty Senior	Pair Corr
0.99	SEIX	Virtus ETF Trust	Pair Corr
0.94	JBBB	Janus Detroit Street	Pair Corr
0.97	FLRT	Pacer Pacific Asset	Pair Corr
0.97	PFRL	PGIM ETF Trust	Pair Corr
0.74	SNLN	Highland Capital Man	Pair Corr
0.94	TSJA	TSJA	Pair Corr
0.95	DSJA	DSJA	Pair Corr
0.83	CSCO	Cisco Systems	Pair Corr
0.68	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.87	AXP	American Express	Pair Corr
0.88	WMT	Walmart Aggressive Push	Pair Corr

Moving against PIMCO Etf

0.93	VIIX	VIIX	Pair Corr
0.87	ULE	ProShares Ultra Euro	Pair Corr
0.79	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.59	YCL	ProShares Ultra Yen	Pair Corr
0.49	FXY	Invesco CurrencyShares	Pair Corr
0.38	MCD	McDonalds Earnings Call This Week	Pair Corr
0.78	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.77	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.74	HPQ	HP Inc	Pair Corr
0.72	INTC	Intel	Pair Corr
0.6	AA	Alcoa Corp	Pair Corr
0.4	VZ	Verizon Communications	Pair Corr
0.39	MRK	Merck Company Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.62	-0.43	-0.5	0.58	0.77	0.5	0.62	-0.15	-0.63	META
MSFT	0.62		-0.46	-0.23	0.48	0.4	0.6	0.3	-0.01	-0.46	MSFT
UBER	-0.43	-0.46		0.65	-0.3	-0.2	-0.71	-0.25	0.31	0.78	UBER
F	-0.5	-0.23	0.65		0.05	-0.32	-0.17	-0.06	0.09	0.9	F
T	0.58	0.48	-0.3	0.05		0.41	0.67	0.59	-0.17	-0.17	T
A	0.77	0.4	-0.2	-0.32	0.41		0.25	0.72	-0.21	-0.39	A
CRM	0.5	0.6	-0.71	-0.17	0.67	0.25		0.5	-0.29	-0.41	CRM
JPM	0.62	0.3	-0.25	-0.06	0.59	0.72	0.5		-0.55	-0.24	JPM
MRK	-0.15	-0.01	0.31	0.09	-0.17	-0.21	-0.29	-0.55		0.16	MRK
XOM	-0.63	-0.46	0.78	0.9	-0.17	-0.39	-0.41	-0.24	0.16		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.78	UBER
A	+ 0.77	META
JPM	+ 0.72	A
CRM	+ 0.67	T
F	+ 0.65	UBER

High negative correlations

CRM	- 0.71	UBER
XOM	- 0.63	META
MRK	- 0.55	JPM
F	- 0.5	META
XOM	- 0.46	MSFT
UBER	- 0.46	MSFT

PIMCO ETF Competition Risk-Adjusted Indicators

There is a big difference between PIMCO Etf performing well and PIMCO ETF ETF 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 ETF'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
META	1.41	0.26	0.13	0.73	1.40	(1.61)	3.43	(2.31)	7.43
MSFT	1.12	(0.03)	0.00	(0.42)	0.00	0.00	2.20	(2.79)	7.31
UBER	1.56	(0.23)	0.00	(3.08)	0.00	0.00	2.67	(5.35)	12.29
F	1.47	(0.18)	0.00	(0.20)	0.00	0.00	2.57	(2.90)	11.21
T	1.00	0.10	0.04	0.30	1.08	(1.12)	1.91	(1.84)	7.94
A	1.20	0.19	0.11	0.48	1.06	(1.46)	2.92	(2.16)	8.06
CRM	1.51	0.34	0.15	2.71	1.42	(1.76)	3.70	(2.88)	14.80
JPM	1.05	0.25	0.15	0.96	1.05	(1.23)	1.92	(1.42)	15.87
MRK	1.03	(0.11)	0.00	(0.43)	0.00	0.00	2.00	(2.13)	5.24
XOM	0.82	(0.16)	0.00	(0.28)	0.00	0.00	1.71	(1.74)	6.06

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